WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
CORPORATE BONDS & NOTES - 32.5%
COMMUNICATION SERVICES - 3.1%
Diversified Telecommunication Services - 0.9%
AT&T Inc., Senior Notes		3.800	%		2/15/27	$	5,087,000	$	4,926,722
AT&T Inc., Senior Notes		2.300	%		6/1/27		10,790,000		9,948,860
AT&T Inc., Senior Notes		2.250	%		2/1/32		10,810,000		8,788,590
AT&T Inc., Senior Notes		2.550	%		12/1/33		3,570,000		2,860,674
AT&T Inc., Senior Notes		5.350	%		9/1/40		2,210,000		2,164,972
AT&T Inc., Senior Notes		5.550	%		8/15/41		2,560,000		2,583,395
AT&T Inc., Senior Notes		4.350	%		6/15/45		5,210,000		4,443,950
AT&T Inc., Senior Notes		3.500	%		9/15/53		6,221,000		4,392,553
AT&T Inc., Senior Notes		3.550	%		9/15/55		6,131,000		4,290,424
AT&T Inc., Senior Notes		3.800	%		12/1/57		790,000		572,442
AT&T Inc., Senior Notes		3.650	%		9/15/59		2,080,000		1,449,325
Telefonica Emisiones SA, Senior Notes		4.103	%		3/8/27		219,000		213,047
Telefonica Emisiones SA, Senior Notes		5.213	%		3/8/47		2,821,000		2,597,422
Verizon Communications Inc., Senior Notes		4.125	%		3/16/27		6,114,000		5,985,819
Verizon Communications Inc., Senior Notes		3.000	%		3/22/27		1,960,000		1,857,890
Verizon Communications Inc., Senior Notes		2.100	%		3/22/28		5,890,000		5,304,569
Verizon Communications Inc., Senior Notes		4.329	%		9/21/28		6,787,000		6,637,963
Verizon Communications Inc., Senior Notes		3.875	%		2/8/29		1,728,000		1,654,900
Verizon Communications Inc., Senior Notes		3.150	%		3/22/30		5,090,000		4,603,293
Verizon Communications Inc., Senior Notes		1.750	%		1/20/31		7,020,000		5,700,481
Verizon Communications Inc., Senior Notes		2.550	%		3/21/31		9,657,000		8,252,744
Verizon Communications Inc., Senior Notes		2.355	%		3/15/32		30,000		24,665
Verizon Communications Inc., Senior Notes		4.500	%		8/10/33		8,398,000		8,034,128
Verizon Communications Inc., Senior Notes		5.250	%		3/16/37		2,097,000		2,121,218
Verizon Communications Inc., Senior Notes		2.650	%		11/20/40		3,300,000		2,326,764
Verizon Communications Inc., Senior Notes		3.400	%		3/22/41		2,220,000		1,736,207
Verizon Communications Inc., Senior Notes		3.850	%		11/1/42		9,246,000		7,609,928
Verizon Communications Inc., Senior Notes		4.862	%		8/21/46		514,000		482,966
Verizon Communications Inc., Senior Notes		5.500	%		3/16/47		564,000		579,941
Verizon Communications Inc., Senior Notes		4.000	%		3/22/50		12,440,000		10,066,306
Total Diversified Telecommunication Services									122,212,158
Entertainment - 0.2%
Walt Disney Co., Senior Notes		6.200	%		12/15/34		36,000		39,893
Walt Disney Co., Senior Notes		6.650	%		11/15/37		1,970,000		2,265,725
Warnermedia Holdings Inc., Senior Notes		6.412	%		3/15/26		6,220,000		6,220,128
Warnermedia Holdings Inc., Senior Notes		3.755	%		3/15/27		3,410,000		3,255,173
Warnermedia Holdings Inc., Senior Notes		4.054	%		3/15/29		4,560,000		4,270,114

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      1

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Entertainment - (continued)
Warnermedia Holdings Inc., Senior Notes		4.279	%		3/15/32	$	10,170,000	$	9,089,384
Warnermedia Holdings Inc., Senior Notes		5.050	%		3/15/42		1,650,000		1,418,953
Warnermedia Holdings Inc., Senior Notes		5.141	%		3/15/52		880,000		730,968
Total Entertainment									27,290,338
Media - 1.5%
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		4.908	%		7/23/25		25,784,000		25,477,183
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		3.750	%		2/15/28		940,000		872,273
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		4.200	%		3/15/28		6,296,000		5,937,064
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.050	%		3/30/29		23,297,000		22,475,430
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		2.800	%		4/1/31		1,450,000		1,188,772
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		4.400	%		4/1/33		8,890,000		7,883,645
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		6.384	%		10/23/35		170,000		168,110
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.375	%		4/1/38		8,337,000		7,247,415
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		3.500	%		3/1/42		40,000		26,716
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		6.484	%		10/23/45		2,474,000		2,294,784
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.375	%		5/1/47		2,242,000		1,808,005
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.750	%		4/1/48		1,857,000		1,564,972

See Notes to Schedule of Investments.

    2  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Media - (continued)
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.125	%		7/1/49	$	3,587,000	$	2,782,371
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		4.800	%		3/1/50		9,320,000		6,904,890
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		3.900	%		6/1/52		7,930,000		5,048,666
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		3.850	%		4/1/61		8,500,000		5,049,002
Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., Senior Secured Notes		5.500	%		4/1/63		5,440,000		4,271,351
Comcast Corp., Senior Notes		4.150	%		10/15/28		17,381,000		16,970,351
Comcast Corp., Senior Notes		3.400	%		4/1/30		3,920,000		3,626,279
Comcast Corp., Senior Notes		4.250	%		10/15/30		17,737,000		17,141,085
Comcast Corp., Senior Notes		7.050	%		3/15/33		3,475,000		3,938,708
Comcast Corp., Senior Notes		5.650	%		6/15/35		2,669,000		2,786,194
Comcast Corp., Senior Notes		3.900	%		3/1/38		3,430,000		2,991,121
Comcast Corp., Senior Notes		3.250	%		11/1/39		1,490,000		1,168,837
Comcast Corp., Senior Notes		3.750	%		4/1/40		4,130,000		3,434,982
Comcast Corp., Senior Notes		3.400	%		7/15/46		690,000		515,704
Comcast Corp., Senior Notes		4.000	%		8/15/47		1,510,000		1,225,751
Comcast Corp., Senior Notes		3.969	%		11/1/47		5,770,000		4,641,747
Comcast Corp., Senior Notes		4.000	%		3/1/48		6,080,000		4,939,353
Comcast Corp., Senior Notes		3.999	%		11/1/49		3,070,000		2,487,640
Comcast Corp., Senior Notes		3.450	%		2/1/50		2,420,000		1,771,304
Comcast Corp., Senior Notes		2.800	%		1/15/51		5,160,000		3,304,321
Comcast Corp., Senior Notes		2.887	%		11/1/51		3,170,000		2,059,413
Comcast Corp., Senior Notes		2.937	%		11/1/56		5,924,000		3,733,043
Comcast Corp., Senior Notes		4.950	%		10/15/58		1,150,000		1,077,422
Fox Corp., Senior Notes		6.500	%		10/13/33		5,360,000		5,679,521
Fox Corp., Senior Notes		5.476	%		1/25/39		18,060,000		17,199,581
Time Warner Cable LLC, Senior Secured Notes		6.550	%		5/1/37		3,441,000		3,255,041
Time Warner Cable LLC, Senior Secured Notes		7.300	%		7/1/38		403,000		407,380

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      3

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Media - (continued)
Time Warner Cable LLC, Senior Secured Notes		6.750	%		6/15/39	$	985,000	$	938,887
Time Warner Cable LLC, Senior Secured Notes		5.875	%		11/15/40		5,058,000		4,385,574
Time Warner Cable LLC, Senior Secured Notes		5.500	%		9/1/41		18,000		14,999
Total Media									210,694,887
Wireless Telecommunication Services - 0.5%
T-Mobile USA Inc., Senior Notes		3.500	%		4/15/25		4,070,000		3,991,055
T-Mobile USA Inc., Senior Notes		3.750	%		4/15/27		1,330,000		1,281,238
T-Mobile USA Inc., Senior Notes		3.875	%		4/15/30		23,820,000		22,321,171
T-Mobile USA Inc., Senior Notes		2.550	%		2/15/31		7,900,000		6,732,374
T-Mobile USA Inc., Senior Notes		2.250	%		11/15/31		19,220,000		15,790,989
T-Mobile USA Inc., Senior Notes		5.150	%		4/15/34		5,580,000		5,563,474
T-Mobile USA Inc., Senior Notes		4.375	%		4/15/40		4,020,000		3,582,371
T-Mobile USA Inc., Senior Notes		3.000	%		2/15/41		5,020,000		3,699,748
T-Mobile USA Inc., Senior Notes		3.300	%		2/15/51		2,300,000		1,609,493
Total Wireless Telecommunication Services									64,571,913
TOTAL COMMUNICATION SERVICES									424,769,296
CONSUMER DISCRETIONARY - 1.6%
Automobiles - 0.1%
Ford Motor Co., Senior Notes		6.100	%		8/19/32		8,820,000		8,943,036
General Motors Co., Senior Notes		5.600	%		10/15/32		2,580,000		2,611,882
General Motors Co., Senior Notes		6.600	%		4/1/36		400,000		425,582
General Motors Co., Senior Notes		5.150	%		4/1/38		797,000		748,546
General Motors Co., Senior Notes		6.250	%		10/2/43		4,266,000		4,368,490
General Motors Co., Senior Notes		5.950	%		4/1/49		716,000		706,663
General Motors Financial Co. Inc., Senior Notes		4.350	%		1/17/27		949,000		927,219
Total Automobiles									18,731,418
Broadline Retail - 0.4%
Amazon.com Inc., Senior Notes		3.600	%		4/13/32		5,730,000		5,338,734
Amazon.com Inc., Senior Notes		3.875	%		8/22/37		6,705,000		6,056,202
Amazon.com Inc., Senior Notes		2.500	%		6/3/50		19,520,000		12,469,726
Amazon.com Inc., Senior Notes		4.250	%		8/22/57		4,760,000		4,147,830
Prosus NV, Senior Notes		3.680	%		1/21/30		9,150,000		8,037,151	(a)
Prosus NV, Senior Notes		4.027	%		8/3/50		15,440,000		9,843,657	(a)
Prosus NV, Senior Notes		3.832	%		2/8/51		14,500,000		8,932,401	(a)
Total Broadline Retail									54,825,701

See Notes to Schedule of Investments.

    4  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Hotels, Restaurants & Leisure - 0.9%
Las Vegas Sands Corp., Senior Notes		3.200	%		8/8/24	$	11,044,000	$	10,929,599
Las Vegas Sands Corp., Senior Notes		2.900	%		6/25/25		2,610,000		2,512,764
McDonald’s Corp., Senior Notes		3.500	%		3/1/27		2,484,000		2,399,896
McDonald’s Corp., Senior Notes		3.500	%		7/1/27		3,620,000		3,471,337
McDonald’s Corp., Senior Notes		2.125	%		3/1/30		8,770,000		7,552,467
McDonald’s Corp., Senior Notes		3.600	%		7/1/30		4,130,000		3,854,015
McDonald’s Corp., Senior Notes		4.875	%		12/9/45		5,870,000		5,482,263
McDonald’s Corp., Senior Notes		3.625	%		9/1/49		800,000		608,123
McDonald’s Corp., Senior Notes		4.200	%		4/1/50		9,400,000		7,859,371
Sands China Ltd., Senior Notes		5.125	%		8/8/25		7,559,000		7,461,629
Sands China Ltd., Senior Notes		5.400	%		8/8/28		31,015,000		30,436,186
Sands China Ltd., Senior Notes		2.850	%		3/8/29		4,690,000		4,079,307
Sands China Ltd., Senior Notes		4.625	%		6/18/30		15,340,000		14,079,175
Sands China Ltd., Senior Notes		3.250	%		8/8/31		21,050,000		17,639,273
Total Hotels, Restaurants & Leisure									118,365,405
Household Durables - 0.0%††
Newell Brands Inc., Senior Notes		5.700	%		4/1/26		179,000		175,931
Specialty Retail - 0.2%
Home Depot Inc., Senior Notes		3.900	%		12/6/28		750,000		728,519
Home Depot Inc., Senior Notes		2.700	%		4/15/30		4,380,000		3,903,443
Home Depot Inc., Senior Notes		3.300	%		4/15/40		5,250,000		4,178,050
Home Depot Inc., Senior Notes		3.900	%		6/15/47		820,000		670,873
Home Depot Inc., Senior Notes		3.350	%		4/15/50		9,410,000		6,914,398
Lowe’s Cos. Inc., Senior Notes		1.700	%		9/15/28		9,030,000		7,898,666
Lowe’s Cos. Inc., Senior Notes		4.500	%		4/15/30		2,800,000		2,739,259
Total Specialty Retail									27,033,208
Textiles, Apparel & Luxury Goods - 0.0%††
NIKE Inc., Senior Notes		3.250	%		3/27/40		2,820,000		2,272,939
NIKE Inc., Senior Notes		3.375	%		3/27/50		510,000		386,237
Total Textiles, Apparel & Luxury Goods									2,659,176
TOTAL CONSUMER DISCRETIONARY									221,790,839
CONSUMER STAPLES - 1.4%
Beverages - 0.5%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Senior Notes		3.650	%		2/1/26		3,932,000		3,844,394
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.900	%		2/1/46		15,181,000		14,436,092
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.000	%		4/13/28		1,270,000		1,239,352

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      5

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Beverages - (continued)
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.750	%		1/23/29	$	16,378,000	$	16,381,095
Anheuser-Busch InBev Worldwide Inc., Senior Notes		3.500	%		6/1/30		2,710,000		2,525,513
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.350	%		6/1/40		10,440,000		9,460,838
Anheuser-Busch InBev Worldwide Inc., Senior Notes		5.550	%		1/23/49		4,520,000		4,715,906
Coca-Cola Co., Senior Notes		2.500	%		6/1/40		2,010,000		1,461,953
Constellation Brands Inc., Senior Notes		3.600	%		5/9/24		3,890,000		3,880,852
Constellation Brands Inc., Senior Notes		4.350	%		5/9/27		5,460,000		5,348,705
Total Beverages									63,294,700
Food Products - 0.1%
Mars Inc., Senior Notes		3.200	%		4/1/30		9,788,000		8,910,847	(a)
Mars Inc., Senior Notes		2.375	%		7/16/40		3,260,000		2,275,103	(a)
Mondelez International Inc., Senior Notes		1.500	%		5/4/25		10,020,000		9,610,325
Total Food Products									20,796,275
Personal Care Products - 0.2%
Haleon US Capital LLC, Senior Notes		3.375	%		3/24/27		6,490,000		6,212,962
Haleon US Capital LLC, Senior Notes		3.375	%		3/24/29		4,930,000		4,587,330
Haleon US Capital LLC, Senior Notes		3.625	%		3/24/32		7,020,000		6,330,573
Kenvue Inc., Senior Notes		4.900	%		3/22/33		8,770,000		8,768,990
Total Personal Care Products									25,899,855
Tobacco - 0.6%
Altria Group Inc., Senior Notes		2.350	%		5/6/25		1,770,000		1,713,543
Altria Group Inc., Senior Notes		4.400	%		2/14/26		7,577,000		7,468,654
Altria Group Inc., Senior Notes		4.800	%		2/14/29		2,049,000		2,030,030
Altria Group Inc., Senior Notes		2.450	%		2/4/32		2,370,000		1,924,117
Altria Group Inc., Senior Notes		6.875	%		11/1/33		7,580,000		8,250,696
Altria Group Inc., Senior Notes		5.800	%		2/14/39		4,635,000		4,699,830
Altria Group Inc., Senior Notes		5.950	%		2/14/49		20,454,000		20,834,383
Altria Group Inc., Senior Notes		6.200	%		2/14/59		710,000		734,003
BAT Capital Corp., Senior Notes		3.557	%		8/15/27		3,175,000		3,007,548
BAT Capital Corp., Senior Notes		2.259	%		3/25/28		3,530,000		3,144,277
BAT Capital Corp., Senior Notes		6.000	%		2/20/34		7,280,000		7,376,067
BAT Capital Corp., Senior Notes		4.540	%		8/15/47		3,067,000		2,370,084
Philip Morris International Inc., Senior Notes		4.875	%		2/13/29		4,000,000		3,977,245

See Notes to Schedule of Investments.

    6  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Tobacco - (continued)
Philip Morris International Inc., Senior Notes		2.100	%		5/1/30	$	4,340,000	$	3,690,145
Philip Morris International Inc., Senior Notes		5.125	%		2/13/31		910,000		904,456
Philip Morris International Inc., Senior Notes		5.250	%		2/13/34		2,970,000		2,945,026
Philip Morris International Inc., Senior Notes		4.500	%		3/20/42		1,406,000		1,230,017
Reynolds American Inc., Senior Notes		6.150	%		9/15/43		1,110,000		1,102,449
Reynolds American Inc., Senior Notes		5.850	%		8/15/45		1,610,000		1,494,937
Total Tobacco									78,897,507
TOTAL CONSUMER STAPLES									188,888,337
ENERGY - 5.8%
Energy Equipment & Services - 0.0%††
Halliburton Co., Senior Notes		5.000	%		11/15/45		1,075,000		1,010,125
Oil, Gas & Consumable Fuels - 5.8%
Apache Corp., Senior Notes		6.000	%		1/15/37		89,000		88,584
Apache Corp., Senior Notes		5.100	%		9/1/40		4,793,000		4,116,477
Apache Corp., Senior Notes		5.250	%		2/1/42		6,448,000		5,445,228
Apache Corp., Senior Notes		4.750	%		4/15/43		12,632,000		9,968,048
Apache Corp., Senior Notes		4.250	%		1/15/44		18,144,000		13,006,419
BP Capital Markets America Inc., Senior Notes		3.633	%		4/6/30		7,880,000		7,427,204
BP Capital Markets America Inc., Senior Notes		1.749	%		8/10/30		5,000,000		4,174,985
BP Capital Markets America Inc., Senior Notes		3.000	%		2/24/50		12,360,000		8,439,582
BP Capital Markets America Inc., Senior Notes		2.772	%		11/10/50		1,240,000		803,419
BP Capital Markets America Inc., Senior Notes		2.939	%		6/4/51		760,000		507,803
Cameron LNG LLC, Senior Secured Notes		2.902	%		7/15/31		9,880,000		8,487,029	(a)
Cameron LNG LLC, Senior Secured Notes		3.302	%		1/15/35		15,650,000		13,032,932	(a)
Columbia Pipelines Operating Co. LLC, Senior Notes		6.036	%		11/15/33		13,150,000		13,631,434	(a)
Columbia Pipelines Operating Co. LLC, Senior Notes		6.544	%		11/15/53		2,110,000		2,287,944	(a)
Continental Resources Inc., Senior Notes		4.375	%		1/15/28		11,875,000		11,479,807
Continental Resources Inc., Senior Notes		4.900	%		6/1/44		7,230,000		6,015,486
Coterra Energy Inc., Senior Notes		3.900	%		5/15/27		11,379,000		10,956,646

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      7

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Oil, Gas & Consumable Fuels - (continued)
Coterra Energy Inc., Senior Notes		4.375	%		3/15/29	$	25,310,000	$	24,389,108
Devon Energy Corp., Senior Notes		5.850	%		12/15/25		2,774,000		2,790,275
Devon Energy Corp., Senior Notes		5.250	%		10/15/27		1,026,000		1,027,493
Devon Energy Corp., Senior Notes		4.500	%		1/15/30		2,428,000		2,341,955
Devon Energy Corp., Senior Notes		5.600	%		7/15/41		16,630,000		16,045,418
Devon Energy Corp., Senior Notes		4.750	%		5/15/42		9,470,000		8,250,259
Devon Energy Corp., Senior Notes		5.000	%		6/15/45		17,998,000		15,985,707
Diamondback Energy Inc., Senior Notes		3.500	%		12/1/29		12,312,000		11,393,805
Diamondback Energy Inc., Senior Notes		3.125	%		3/24/31		6,100,000		5,407,204
Diamondback Energy Inc., Senior Notes		4.400	%		3/24/51		5,090,000		4,220,415
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		67,205,000		50,229,454
El Paso Natural Gas Co. LLC, Senior Notes		8.375	%		6/15/32		2,646,000		3,051,588
Energy Transfer LP, Senior Notes		2.900	%		5/15/25		7,020,000		6,815,582
Energy Transfer LP, Senior Notes		4.750	%		1/15/26		2,060,000		2,039,490
Energy Transfer LP, Senior Notes		5.500	%		6/1/27		6,670,000		6,713,628
Energy Transfer LP, Senior Notes		4.950	%		6/15/28		1,907,000		1,892,438
Energy Transfer LP, Senior Notes		5.250	%		4/15/29		6,358,000		6,367,089
Energy Transfer LP, Senior Notes		3.750	%		5/15/30		18,648,000		17,197,003
Energy Transfer LP, Senior Notes		5.550	%		5/15/34		6,070,000		6,092,283
Energy Transfer LP, Senior Notes		6.100	%		2/15/42		2,185,000		2,212,494
Energy Transfer LP, Senior Notes		5.300	%		4/1/44		540,000		496,907
Energy Transfer LP, Senior Notes		5.400	%		10/1/47		7,451,000		6,881,474
Energy Transfer LP, Senior Notes		6.250	%		4/15/49		8,992,000		9,237,775
Enterprise Products Operating LLC, Senior Notes		4.150	%		10/16/28		10,006,000		9,737,779
Enterprise Products Operating LLC, Senior Notes		3.125	%		7/31/29		4,660,000		4,300,426
Enterprise Products Operating LLC, Senior Notes		2.800	%		1/31/30		15,660,000		14,043,409
Enterprise Products Operating LLC, Senior Notes		4.850	%		1/31/34		14,040,000		13,835,634
Enterprise Products Operating LLC, Senior Notes		6.650	%		10/15/34		3,670,000		4,096,498
Enterprise Products Operating LLC, Senior Notes		7.550	%		4/15/38		430,000		516,126
Enterprise Products Operating LLC, Senior Notes		5.700	%		2/15/42		510,000		521,493
Enterprise Products Operating LLC, Senior Notes		4.450	%		2/15/43		1,800,000		1,606,958

See Notes to Schedule of Investments.

    8  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Oil, Gas & Consumable Fuels - (continued)
Enterprise Products Operating LLC, Senior Notes		4.850	%		3/15/44	$	410,000	$	383,548
Enterprise Products Operating LLC, Senior Notes		5.100	%		2/15/45		5,000,000		4,801,490
Enterprise Products Operating LLC, Senior Notes		4.800	%		2/1/49		3,960,000		3,650,651
Enterprise Products Operating LLC, Senior Notes		3.700	%		1/31/51		10,450,000		8,083,589
Enterprise Products Operating LLC, Senior Notes		3.950	%		1/31/60		905,000		704,388
Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 mo. Term SOFR + 2.832%)		5.375	%		2/15/78		2,590,000		2,420,278	(b)
EOG Resources Inc., Senior Notes		3.900	%		4/1/35		6,890,000		6,279,126
EOG Resources Inc., Senior Notes		4.950	%		4/15/50		14,935,000		14,217,907
EQT Corp., Senior Notes		7.000	%		2/1/30		5,000,000		5,316,030
Exxon Mobil Corp., Senior Notes		4.227	%		3/19/40		2,000,000		1,823,103
Exxon Mobil Corp., Senior Notes		4.114	%		3/1/46		3,663,000		3,161,487
Exxon Mobil Corp., Senior Notes		4.327	%		3/19/50		3,110,000		2,754,492
Exxon Mobil Corp., Senior Notes		3.452	%		4/15/51		4,000,000		3,032,742
KazMunayGas National Co. JSC, Senior Notes		5.375	%		4/24/30		12,603,000		12,388,144	(a)
KazMunayGas National Co. JSC, Senior Notes		5.750	%		4/19/47		13,553,000		11,806,506	(a)
KazMunayGas National Co. JSC, Senior Notes		6.375	%		10/24/48		2,803,000		2,625,063	(a)
Kinder Morgan Energy Partners LP, Senior Notes		4.250	%		9/1/24		1,792,000		1,780,698
Kinder Morgan Energy Partners LP, Senior Notes		7.300	%		8/15/33		110,000		124,112
Kinder Morgan Energy Partners LP, Senior Notes		6.550	%		9/15/40		620,000		653,910
Kinder Morgan Energy Partners LP, Senior Notes		6.375	%		3/1/41		730,000		759,744
Kinder Morgan Energy Partners LP, Senior Notes		5.500	%		3/1/44		540,000		514,345
Kinder Morgan Energy Partners LP, Senior Notes		5.400	%		9/1/44		140,000		130,324
Kinder Morgan Inc., Senior Notes		4.300	%		6/1/25		1,800,000		1,774,938
Kinder Morgan Inc., Senior Notes		4.300	%		3/1/28		11,480,000		11,207,624

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      9

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Oil, Gas & Consumable Fuels - (continued)
Kinder Morgan Inc., Senior Notes		5.050	%		2/15/46	$	980,000	$	870,937
Kinder Morgan Inc., Senior Notes		5.200	%		3/1/48		90,000		81,063
MPLX LP, Senior Notes		4.125	%		3/1/27		2,687,000		2,619,481
MPLX LP, Senior Notes		4.000	%		3/15/28		1,287,000		1,239,712
MPLX LP, Senior Notes		4.800	%		2/15/29		1,684,000		1,664,159
MPLX LP, Senior Notes		4.500	%		4/15/38		4,308,000		3,827,589
MPLX LP, Senior Notes		5.200	%		3/1/47		11,830,000		10,830,991
MPLX LP, Senior Notes		5.200	%		12/1/47		4,750,000		4,370,867
MPLX LP, Senior Notes		4.700	%		4/15/48		5,597,000		4,777,836
MPLX LP, Senior Notes		5.500	%		2/15/49		1,824,000		1,737,540
Occidental Petroleum Corp., Senior Notes		6.950	%		7/1/24		286,000		286,611
Occidental Petroleum Corp., Senior Notes		5.550	%		3/15/26		627,000		629,709
Occidental Petroleum Corp., Senior Notes		3.200	%		8/15/26		2,550,000		2,417,933
Occidental Petroleum Corp., Senior Notes		3.000	%		2/15/27		2,257,000		2,118,470
Occidental Petroleum Corp., Senior Notes		3.500	%		8/15/29		12,009,000		10,899,296
Occidental Petroleum Corp., Senior Notes		7.875	%		9/15/31		8,284,000		9,396,508
Occidental Petroleum Corp., Senior Notes		6.200	%		3/15/40		2,346,000		2,408,856
Occidental Petroleum Corp., Senior Notes		4.500	%		7/15/44		18,287,000		14,423,348
Occidental Petroleum Corp., Senior Notes		4.625	%		6/15/45		5,060,000		4,099,938
Occidental Petroleum Corp., Senior Notes		6.600	%		3/15/46		2,570,000		2,771,444
Occidental Petroleum Corp., Senior Notes		4.400	%		4/15/46		3,376,000		2,756,325
Occidental Petroleum Corp., Senior Notes		4.100	%		2/15/47		3,349,000		2,530,023
Occidental Petroleum Corp., Senior Notes		4.200	%		3/15/48		4,594,000		3,552,952
ONEOK Inc., Senior Notes		5.550	%		11/1/26		3,190,000		3,220,226
ONEOK Inc., Senior Notes		5.800	%		11/1/30		5,080,000		5,237,468
ONEOK Inc., Senior Notes		6.050	%		9/1/33		6,550,000		6,834,516
ONEOK Inc., Senior Notes		6.625	%		9/1/53		12,210,000		13,465,769
Pertamina Persero PT, Senior Notes		6.000	%		5/3/42		6,914,000		7,009,082	(a)
Petroleos del Peru SA, Senior Notes		4.750	%		6/19/32		30,909,000		24,467,156	(a)
Petroleos del Peru SA, Senior Notes		5.625	%		6/19/47		7,630,000		5,132,394	(a)
Pioneer Natural Resources Co., Senior Notes		1.125	%		1/15/26		1,890,000		1,759,831
Pioneer Natural Resources Co., Senior Notes		1.900	%		8/15/30		7,290,000		6,128,481
Pioneer Natural Resources Co., Senior Notes		2.150	%		1/15/31		16,630,000		14,001,214
Reliance Industries Ltd., Senior Notes		2.875	%		1/12/32		12,650,000		10,758,057	(a)
Reliance Industries Ltd., Senior Notes		3.625	%		1/12/52		22,500,000		16,267,348	(a)
Shell International Finance BV, Senior Notes		4.550	%		8/12/43		1,451,000		1,349,114

See Notes to Schedule of Investments.

    10  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Oil, Gas & Consumable Fuels - (continued)
Shell International Finance BV, Senior Notes		4.375	%		5/11/45	$	4,084,000	$	3,654,820
Shell International Finance BV, Senior Notes		4.000	%		5/10/46		3,779,000		3,181,240
Shell International Finance BV, Senior Notes		3.250	%		4/6/50		14,290,000		10,383,992
Southern Natural Gas Co. LLC, Senior Notes		8.000	%		3/1/32		3,985,000		4,586,467
Targa Resources Corp., Senior Notes		4.950	%		4/15/52		2,600,000		2,280,154
Tennessee Gas Pipeline Co. LLC, Senior Notes		2.900	%		3/1/30		2,070,000		1,813,799	(a)
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		7.850	%		2/1/26		17,006,000		17,649,603
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		3.250	%		5/15/30		3,730,000		3,377,628
Western Midstream Operating LP, Senior Notes		3.100	%		2/1/25		2,630,000		2,574,950
Western Midstream Operating LP, Senior Notes		4.050	%		2/1/30		10,140,000		9,467,227
Williams Cos. Inc., Senior Notes		3.750	%		6/15/27		7,760,000		7,470,134
Williams Cos. Inc., Senior Notes		3.500	%		11/15/30		1,650,000		1,500,705
Williams Cos. Inc., Senior Notes		7.500	%		1/15/31		2,125,000		2,369,862
Williams Cos. Inc., Senior Notes		7.750	%		6/15/31		23,000		25,530
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		8,825,000		10,626,052
Williams Cos. Inc., Senior Notes		5.150	%		3/15/34		10,990,000		10,895,936
Williams Cos. Inc., Senior Notes		4.900	%		1/15/45		6,086,000		5,478,452
Williams Cos. Inc., Senior Notes		5.100	%		9/15/45		6,730,000		6,231,546
Williams Cos. Inc., Senior Notes		4.850	%		3/1/48		2,260,000		2,023,639
Total Oil, Gas & Consumable Fuels									791,534,413
TOTAL ENERGY									792,544,538
FINANCIALS - 11.5%
Banks - 7.7%
ABN AMRO Bank NV, Subordinated Notes		4.750	%		7/28/25		1,352,000		1,332,002	(a)
Banco Santander SA, Senior Notes		2.746	%		5/28/25		28,000,000		27,074,628
Banco Santander SA, Senior Notes (4.175% to 3/24/27 then 1 year Treasury Constant Maturity Rate + 2.000%)		4.175	%		3/24/28		1,000,000		964,238	(b)
Bank of America Corp., Senior Notes		3.500	%		4/19/26		4,567,000		4,430,345
Bank of America Corp., Senior Notes		5.000	%		1/21/44		9,215,000		8,925,132
Bank of America Corp., Senior Notes (1.319% to 6/19/25 then SOFR + 1.150%)		1.319	%		6/19/26		49,280,000		46,858,169	(b)
Bank of America Corp., Senior Notes (1.898% to 7/23/30 then SOFR + 1.530%)		1.898	%		7/23/31		3,000,000		2,463,284	(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      11

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Bank of America Corp., Senior Notes (2.572% to 10/20/31 then SOFR + 1.210%)		2.572	%		10/20/32	$	14,650,000	$	12,158,913	(b)
Bank of America Corp., Senior Notes (2.592% to 4/29/30 then SOFR + 2.150%)		2.592	%		4/29/31		15,760,000		13,593,060	(b)
Bank of America Corp., Senior Notes (2.972% to 2/4/32 then SOFR + 1.330%)		2.972	%		2/4/33		13,820,000		11,757,076	(b)
Bank of America Corp., Senior Notes (3.419% to 12/20/27 then 3 mo. Term SOFR + 1.302%)		3.419	%		12/20/28		17,046,000		15,996,172	(b)
Bank of America Corp., Senior Notes (3.593% to 7/21/27 then 3 mo. Term SOFR + 1.632%)		3.593	%		7/21/28		7,711,000		7,331,601	(b)
Bank of America Corp., Senior Notes (3.841% to 4/25/24 then SOFR + 1.110%)		3.841	%		4/25/25		7,260,000		7,250,125	(b)
Bank of America Corp., Senior Notes (3.946% to 1/23/48 then 3 mo. Term SOFR + 1.452%)		3.946	%		1/23/49		3,717,000		3,046,900	(b)
Bank of America Corp., Senior Notes (3.970% to 3/5/28 then 3 mo. Term SOFR + 1.332%)		3.970	%		3/5/29		5,000,000		4,780,921	(b)
Bank of America Corp., Senior Notes (3.974% to 2/7/29 then 3 mo. Term SOFR + 1.472%)		3.974	%		2/7/30		22,684,000		21,505,559	(b)
Bank of America Corp., Senior Notes (4.083% to 3/20/50 then 3 mo. Term SOFR + 3.412%)		4.083	%		3/20/51		19,640,000		16,117,196	(b)
Bank of America Corp., Senior Notes (4.330% to 3/15/49 then 3 mo. Term SOFR + 1.782%)		4.330	%		3/15/50		11,720,000		10,097,090	(b)
Bank of America Corp., Senior Notes (4.376% to 4/27/27 then SOFR + 1.580%)		4.376	%		4/27/28		5,370,000		5,244,199	(b)
Bank of America Corp., Senior Notes (4.571% to 4/27/32 then SOFR + 1.830%)		4.571	%		4/27/33		33,190,000		31,539,151	(b)
Bank of America Corp., Subordinated Notes		4.200	%		8/26/24		5,409,000		5,377,185
Bank of America Corp., Subordinated Notes		4.000	%		1/22/25		2,875,000		2,837,578
Bank of America Corp., Subordinated Notes		4.450	%		3/3/26		1,093,000		1,077,237
Bank of America Corp., Subordinated Notes		4.250	%		10/22/26		17,320,000		16,949,550
Bank of America Corp., Subordinated Notes (2.482% to 9/21/31 then 5 year Treasury Constant Maturity Rate + 1.200%)		2.482	%		9/21/36		3,000,000		2,401,142	(b)
Bank of Montreal, Senior Notes		1.850	%		5/1/25		12,810,000		12,339,732

See Notes to Schedule of Investments.

    12  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Bank of Montreal, Subordinated Notes (3.803% to 12/15/27 then USD 5 year ICE Swap Rate + 1.432%)		3.803	%		12/15/32	$	1,316,000	$	1,228,330	(b)
Bank of Nova Scotia, Senior Notes		3.450	%		4/11/25		19,420,000		19,040,883
Bank of Nova Scotia, Senior Notes		1.300	%		6/11/25		7,120,000		6,791,163
Bank of Nova Scotia, Subordinated Notes (4.588% to 5/4/32 then 5 year Treasury Constant Maturity Rate + 2.050%)		4.588	%		5/4/37		4,470,000		4,055,570	(b)
Barclays PLC, Senior Notes (4.972% to 5/16/28 then 3 mo. USD LIBOR + 1.902%)		4.972	%		5/16/29		2,909,000		2,851,779	(b)
Barclays PLC, Subordinated Notes (5.088% to 6/20/29 then 3 mo. USD LIBOR + 3.054%)		5.088	%		6/20/30		6,068,000		5,848,855	(b)
BNP Paribas SA, Senior Notes		3.375	%		1/9/25		5,533,000		5,443,075	(a)
BNP Paribas SA, Senior Notes		4.400	%		8/14/28		3,739,000		3,625,347	(a)
BNP Paribas SA, Senior Notes (2.219% to 6/9/25 then SOFR + 2.074%)		2.219	%		6/9/26		8,840,000		8,502,928	(a)(b)
BNP Paribas SA, Senior Notes (3.052% to 1/13/30 then SOFR + 1.507%)		3.052	%		1/13/31		11,830,000		10,414,250	(a)(b)
BNP Paribas SA, Senior Notes (5.125% to 1/13/28 then 1 year Treasury Constant Maturity Rate + 1.450%)		5.125	%		1/13/29		27,240,000		27,208,632	(a)(b)
BNP Paribas SA, Senior Notes (5.198% to 1/10/29 then 3 mo. Term SOFR + 2.829%)		5.198	%		1/10/30		8,704,000		8,659,871	(a)(b)
BNP Paribas SA, Senior Notes (5.894% to 12/5/33 then SOFR + 1.866%)		5.894	%		12/5/34		18,020,000		18,850,666	(a)(b)
BNP Paribas SA, Subordinated Notes (4.375% to 3/1/28 then USD 5 year ICE Swap Rate + 1.483%)		4.375	%		3/1/33		3,019,000		2,865,478	(a)(b)
BPCE SA, Subordinated Notes		5.150	%		7/21/24		4,541,000		4,522,376	(a)
Citigroup Inc., Senior Notes		8.125	%		7/15/39		6,491,000		8,311,411
Citigroup Inc., Senior Notes		4.650	%		7/30/45		7,037,000		6,361,485
Citigroup Inc., Senior Notes		4.650	%		7/23/48		1,675,000		1,516,673
Citigroup Inc., Senior Notes (2.561% to 5/1/31 then SOFR + 1.167%)		2.561	%		5/1/32		5,000,000		4,171,593	(b)
Citigroup Inc., Senior Notes (2.572% to 6/3/30 then SOFR + 2.107%)		2.572	%		6/3/31		40,960,000		35,011,878	(b)
Citigroup Inc., Senior Notes (3.106% to 4/8/25 then SOFR + 2.842%)		3.106	%		4/8/26		5,210,000		5,079,462	(b)
Citigroup Inc., Senior Notes (3.520% to 10/27/27 then 3 mo. Term SOFR + 1.413%)		3.520	%		10/27/28		18,054,000		17,028,988	(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      13

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Citigroup Inc., Senior Notes (3.785% to 3/17/32 then SOFR + 1.939%)		3.785	%		3/17/33	$	15,970,000	$	14,272,235	(b)
Citigroup Inc., Senior Notes (3.980% to 3/20/29 then 3 mo. Term SOFR + 1.600%)		3.980	%		3/20/30		19,648,000		18,519,186	(b)
Citigroup Inc., Senior Notes (4.412% to 3/31/30 then SOFR + 3.914%)		4.412	%		3/31/31		8,960,000		8,543,580	(b)
Citigroup Inc., Senior Notes (4.658% to 5/24/27 then SOFR + 1.887%)		4.658	%		5/24/28		530,000		522,189	(b)
Citigroup Inc., Senior Notes (4.910% to 5/24/32 then SOFR + 2.086%)		4.910	%		5/24/33		10,860,000		10,474,094	(b)
Citigroup Inc., Subordinated Notes		4.400	%		6/10/25		4,549,000		4,487,339
Citigroup Inc., Subordinated Notes		5.500	%		9/13/25		1,982,000		1,981,843
Citigroup Inc., Subordinated Notes		4.300	%		11/20/26		1,343,000		1,311,167
Citigroup Inc., Subordinated Notes		4.450	%		9/29/27		19,672,000		19,142,377
Citigroup Inc., Subordinated Notes		6.625	%		6/15/32		412,000		441,874
Citigroup Inc., Subordinated Notes		6.125	%		8/25/36		605,000		630,800
Citigroup Inc., Subordinated Notes		6.675	%		9/13/43		564,000		632,843
Citigroup Inc., Subordinated Notes		5.300	%		5/6/44		1,423,000		1,383,578
Citigroup Inc., Subordinated Notes		4.750	%		5/18/46		716,000		636,272
Cooperatieve Rabobank UA, Senior Notes		3.375	%		5/21/25		13,201,000		12,952,378
Cooperatieve Rabobank UA, Senior Notes		4.375	%		8/4/25		7,477,000		7,350,040
Cooperatieve Rabobank UA, Senior Notes		3.750	%		7/21/26		833,000		800,750
Cooperatieve Rabobank UA, Senior Notes (1.339% to 6/24/25 then 1 year Treasury Constant Maturity Rate + 1.000%)		1.339	%		6/24/26		3,500,000		3,325,317	(a)(b)
Cooperatieve Rabobank UA, Senior Notes (3.649% to 4/6/27 then 1 year Treasury Constant Maturity Rate + 1.220%)		3.649	%		4/6/28		7,190,000		6,848,454	(a)(b)
Cooperatieve Rabobank UA, Senior Notes (3.758% to 4/6/32 then 1 year Treasury Constant Maturity Rate + 1.420%)		3.758	%		4/6/33		7,300,000		6,517,673	(a)(b)
Credit Agricole SA, Senior Notes (1.907% to 6/16/25 then SOFR + 1.676%)		1.907	%		6/16/26		5,920,000		5,661,606	(a)(b)
Credit Agricole SA, Subordinated Notes (4.000% to 1/10/28 then USD 5 year ICE Swap Rate + 1.644%)		4.000	%		1/10/33		3,743,000		3,494,205	(a)(b)
Danske Bank A/S, Senior Notes (0.976% to 9/10/24 then 1 year Treasury Constant Maturity Rate + 0.550%)		0.976	%		9/10/25		9,745,000		9,529,148	(a)(b)

See Notes to Schedule of Investments.

    14  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Danske Bank A/S, Senior Notes (3.244% to 12/20/24 then 3 mo. USD LIBOR + 1.591%)		3.244	%		12/20/25	$	4,872,000	$	4,776,311	(a)(b)
Danske Bank A/S, Senior Notes (4.298% to 4/1/27 then 1 year Treasury Constant Maturity Rate + 1.750%)		4.298	%		4/1/28		1,500,000		1,447,995	(a)(b)
HSBC Holdings PLC, Senior Notes		4.300	%		3/8/26		997,000		979,158
HSBC Holdings PLC, Senior Notes (2.848% to 6/4/30 then SOFR + 2.387%)		2.848	%		6/4/31		11,750,000		10,141,572	(b)
HSBC Holdings PLC, Senior Notes (4.041% to 3/13/27 then 3 mo. Term SOFR + 1.808%)		4.041	%		3/13/28		11,121,000		10,723,612	(b)
HSBC Holdings PLC, Subordinated Notes		4.250	%		8/18/25		2,457,000		2,409,042
Intesa Sanpaolo SpA, Subordinated Notes		5.017	%		6/26/24		10,460,000		10,426,378	(a)
Intesa Sanpaolo SpA, Subordinated Notes		5.710	%		1/15/26		11,693,000		11,597,981	(a)
JPMorgan Chase & Co., Senior Notes (2.083% to 4/22/25 then SOFR + 1.850%)		2.083	%		4/22/26		11,840,000		11,411,512	(b)
JPMorgan Chase & Co., Senior Notes (2.522% to 4/22/30 then SOFR + 2.040%)		2.522	%		4/22/31		14,820,000		12,813,624	(b)
JPMorgan Chase & Co., Senior Notes (2.545% to 11/8/31 then SOFR + 1.180%)		2.545	%		11/8/32		19,530,000		16,256,929	(b)
JPMorgan Chase & Co., Senior Notes (2.580% to 4/22/31 then 3 mo. Term SOFR + 1.250%)		2.580	%		4/22/32		7,000,000		5,920,135	(b)
JPMorgan Chase & Co., Senior Notes (3.109% to 4/22/40 then 3 mo. Term SOFR + 2.460%)		3.109	%		4/22/41		5,000,000		3,812,722	(b)
JPMorgan Chase & Co., Senior Notes (3.109% to 4/22/50 then SOFR + 2.440%)		3.109	%		4/22/51		2,190,000		1,523,065	(b)
JPMorgan Chase & Co., Senior Notes (4.203% to 7/23/28 then 3 mo. Term SOFR + 1.522%)		4.203	%		7/23/29		6,157,000		5,937,926	(b)
JPMorgan Chase & Co., Senior Notes (4.452% to 12/5/28 then 3 mo. Term SOFR + 1.592%)		4.452	%		12/5/29		10,751,000		10,484,113	(b)
JPMorgan Chase & Co., Senior Notes (4.493% to 3/24/30 then 3 mo. Term SOFR + 3.790%)		4.493	%		3/24/31		6,000,000		5,803,199	(b)
JPMorgan Chase & Co., Subordinated Notes		4.125	%		12/15/26		5,791,000		5,648,518
JPMorgan Chase & Co., Subordinated Notes		4.250	%		10/1/27		9,717,000		9,500,400
JPMorgan Chase & Co., Subordinated Notes		3.625	%		12/1/27		5,143,000		4,898,797
JPMorgan Chase & Co., Subordinated Notes		4.950	%		6/1/45		856,000		814,535
Lloyds Banking Group PLC, Senior Notes		4.375	%		3/22/28		4,010,000		3,894,064

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      15

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Lloyds Banking Group PLC, Subordinated Notes		4.650	%		3/24/26	$	2,843,000	$	2,788,624
Mitsubishi UFJ Financial Group Inc., Senior Notes (3.837% to 4/17/25 then 1 year Treasury Constant Maturity Rate + 1.125%)		3.837	%		4/17/26		6,500,000		6,387,639	(b)
Mitsubishi UFJ Financial Group Inc., Senior Notes (4.080% to 4/19/27 then 1 year Treasury Constant Maturity Rate + 1.300%)		4.080	%		4/19/28		6,690,000		6,500,207	(b)
PNC Bank NA, Subordinated Notes		3.875	%		4/10/25		1,567,000		1,540,792
PNC Financial Services Group Inc., Senior Notes (5.582% to 6/12/28 then SOFR + 1.841%)		5.582	%		6/12/29		11,680,000		11,825,707	(b)
PNC Financial Services Group Inc., Senior Notes (5.812% to 6/12/25 then SOFR + 1.322%)		5.812	%		6/12/26		780,000		782,834	(b)
Royal Bank of Canada, Senior Notes		1.150	%		6/10/25		6,800,000		6,488,343
Royal Bank of Canada, Senior Notes		3.875	%		5/4/32		19,350,000		17,896,119
Royal Bank of Canada, Senior Notes		5.150	%		2/1/34		6,380,000		6,389,080
Santander UK Group Holdings PLC, Subordinated Notes		5.625	%		9/15/45		484,000		398,616	(a)
Toronto-Dominion Bank, Senior Notes		1.150	%		6/12/25		6,770,000		6,450,431
Toronto-Dominion Bank, Senior Notes		4.456	%		6/8/32		3,500,000		3,353,427
Truist Financial Corp., Senior Notes (6.047% to 6/8/26 then SOFR + 2.050%)		6.047	%		6/8/27		8,060,000		8,170,789	(b)
US Bancorp, Senior Notes		1.450	%		5/12/25		11,330,000		10,865,213
US Bancorp, Senior Notes (2.215% to 1/27/27 then SOFR + 0.730%)		2.215	%		1/27/28		1,240,000		1,144,111	(b)
US Bancorp, Senior Notes (5.775% to 6/12/28 then SOFR + 2.020%)		5.775	%		6/12/29		8,530,000		8,681,299	(b)
US Bancorp, Senior Notes (5.836% to 6/10/33 then SOFR + 2.260%)		5.836	%		6/12/34		3,450,000		3,517,743	(b)
Wells Fargo & Co., Senior Notes		3.000	%		10/23/26		7,684,000		7,275,975
Wells Fargo & Co., Senior Notes		4.150	%		1/24/29		8,588,000		8,279,910
Wells Fargo & Co., Senior Notes (2.188% to 4/30/25 then SOFR + 2.000%)		2.188	%		4/30/26		12,110,000		11,665,251	(b)
Wells Fargo & Co., Senior Notes (2.879% to 10/30/29 then 3 mo. Term SOFR + 1.432%)		2.879	%		10/30/30		18,000,000		15,917,775	(b)
Wells Fargo & Co., Senior Notes (3.350% to 3/2/32 then SOFR + 1.500%)		3.350	%		3/2/33		8,970,000		7,785,591	(b)
Wells Fargo & Co., Senior Notes (4.478% to 4/4/30 then 3 mo. Term SOFR + 4.032%)		4.478	%		4/4/31		12,440,000		11,916,747	(b)

See Notes to Schedule of Investments.

    16  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Banks - (continued)
Wells Fargo & Co., Senior Notes (5.013% to 4/4/50 then 3 mo. Term SOFR + 4.502%)		5.013	%		4/4/51	$	67,500,000	$	63,418,897	(b)
Wells Fargo & Co., Subordinated Notes		4.300	%		7/22/27		12,726,000		12,400,859
Wells Fargo & Co., Subordinated Notes		5.375	%		11/2/43		430,000		415,645
Wells Fargo & Co., Subordinated Notes		5.606	%		1/15/44		1,522,000		1,500,569
Wells Fargo & Co., Subordinated Notes		4.650	%		11/4/44		1,513,000		1,323,508
Wells Fargo & Co., Subordinated Notes		4.900	%		11/17/45		3,389,000		3,051,351
Wells Fargo & Co., Subordinated Notes		4.400	%		6/14/46		12,158,000		10,126,049
Wells Fargo & Co., Subordinated Notes		4.750	%		12/7/46		9,940,000		8,725,537
Total Banks									1,058,504,052
Capital Markets - 2.9%
Bank of New York Mellon Corp., Senior Notes		1.600	%		4/24/25		3,860,000		3,713,668
Charles Schwab Corp., Senior Notes		5.875	%		8/24/26		17,400,000		17,694,383
Charles Schwab Corp., Senior Notes (6.136% to 8/24/33 then SOFR + 2.010%)		6.136	%		8/24/34		3,340,000		3,486,459	(b)
Credit Suisse AG, Senior Notes		4.750	%		8/9/24		2,000,000		1,992,904
Credit Suisse AG, Senior Notes		3.625	%		9/9/24		2,660,000		2,635,434
Credit Suisse AG, Senior Notes		7.950	%		1/9/25		18,480,000		18,790,597
Credit Suisse AG, Senior Notes		2.950	%		4/9/25		6,410,000		6,242,576
Credit Suisse AG, Senior Notes		7.500	%		2/15/28		20,890,000		22,534,902
Goldman Sachs Capital II, Ltd. GTD (3 mo. Term SOFR + 1.029%)		6.370	%		4/29/24		22,000		18,579	(b)(c)
Goldman Sachs Group Inc., Senior Notes		3.500	%		4/1/25		8,120,000		7,968,483
Goldman Sachs Group Inc., Senior Notes		3.500	%		11/16/26		10,965,000		10,522,956
Goldman Sachs Group Inc., Senior Notes		3.850	%		1/26/27		6,210,000		6,022,218
Goldman Sachs Group Inc., Senior Notes		6.250	%		2/1/41		5,481,000		5,972,682
Goldman Sachs Group Inc., Senior Notes		4.750	%		10/21/45		3,616,000		3,334,121
Goldman Sachs Group Inc., Senior Notes (2.383% to 7/21/31 then SOFR + 1.248%)		2.383	%		7/21/32		5,000,000		4,103,121	(b)
Goldman Sachs Group Inc., Senior Notes (2.650% to 10/21/31 then SOFR + 1.264%)		2.650	%		10/21/32		4,920,000		4,095,065	(b)
Goldman Sachs Group Inc., Senior Notes (2.908% to 7/21/41 then SOFR + 1.472%)		2.908	%		7/21/42		2,570,000		1,849,759	(b)
Goldman Sachs Group Inc., Senior Notes (3.210% to 4/22/41 then SOFR + 1.513%)		3.210	%		4/22/42		1,120,000		842,740	(b)
Goldman Sachs Group Inc., Senior Notes (3.615% to 3/15/27 then SOFR + 1.846%)		3.615	%		3/15/28		2,370,000		2,267,604	(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      17

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Capital Markets - (continued)
Goldman Sachs Group Inc., Senior Notes (3.691% to 6/5/27 then 3 mo. Term SOFR + 1.772%)		3.691	%		6/5/28	$	8,956,000	$	8,571,497	(b)
Goldman Sachs Group Inc., Senior Notes (3.814% to 4/23/28 then 3 mo. Term SOFR + 1.420%)		3.814	%		4/23/29		17,026,000		16,145,262	(b)
Goldman Sachs Group Inc., Senior Notes (4.223% to 5/1/28 then 3 mo. Term SOFR + 1.563%)		4.223	%		5/1/29		27,505,000		26,481,408	(b)
Goldman Sachs Group Inc., Subordinated Notes		4.250	%		10/21/25		6,394,000		6,276,713
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		3,045,000		3,328,291
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		18,411,000		17,814,019
KKR Group Finance Co. II LLC, Senior Notes		5.500	%		2/1/43		331,000		321,059	(a)
Morgan Stanley, Senior Notes (2.188% to 4/28/25 then SOFR + 1.990%)		2.188	%		4/28/26		18,980,000		18,316,613	(b)
Morgan Stanley, Senior Notes (2.239% to 7/21/31 then SOFR + 1.178%)		2.239	%		7/21/32		11,500,000		9,397,271	(b)
Morgan Stanley, Senior Notes (2.511% to 10/20/31 then SOFR + 1.200%)		2.511	%		10/20/32		1,030,000		852,279	(b)
Morgan Stanley, Senior Notes (2.699% to 1/22/30 then SOFR + 1.143%)		2.699	%		1/22/31		19,360,000		16,919,504	(b)
Morgan Stanley, Senior Notes (3.622% to 4/1/30 then SOFR + 3.120%)		3.622	%		4/1/31		22,460,000		20,606,801	(b)
Morgan Stanley, Senior Notes (3.772% to 1/24/28 then 3 mo. Term SOFR + 1.402%)		3.772	%		1/24/29		7,449,000		7,093,149	(b)
Morgan Stanley, Senior Notes (4.431% to 1/23/29 then 3 mo. Term SOFR + 1.890%)		4.431	%		1/23/30		4,534,000		4,392,456	(b)
State Street Corp., Senior Notes		3.300	%		12/16/24		1,048,000		1,033,060
UBS AG, Senior Notes		4.500	%		6/26/48		3,599,000		3,265,755
UBS Group AG, Senior Notes		4.125	%		9/24/25		2,731,000		2,676,115	(a)
UBS Group AG, Senior Notes		4.550	%		4/17/26		457,000		449,812
UBS Group AG, Senior Notes		4.253	%		3/23/28		11,773,000		11,357,168	(a)
UBS Group AG, Senior Notes		4.875	%		5/15/45		5,000,000		4,650,538
UBS Group AG, Senior Notes (1.305% to 2/2/26 then SOFR + 0.980%)		1.305	%		2/2/27		15,930,000		14,745,226	(a)(b)
UBS Group AG, Senior Notes (2.593% to 9/11/24 then SOFR + 1.560%)		2.593	%		9/11/25		1,997,000		1,968,811	(a)(b)

See Notes to Schedule of Investments.

    18  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Capital Markets - (continued)
UBS Group AG, Senior Notes (2.746% to 2/11/32 then 1 year Treasury Constant Maturity Rate + 1.100%)		2.746	%		2/11/33	$	4,200,000	$	3,432,591	(a)(b)
UBS Group AG, Senior Notes (3.091% to 5/14/31 then SOFR + 1.730%)		3.091	%		5/14/32		14,200,000		12,084,925	(a)(b)
UBS Group AG, Senior Notes (4.194% to 4/1/30 then SOFR + 3.730%)		4.194	%		4/1/31		18,006,000		16,730,637	(a)(b)
UBS Group AG, Senior Notes (4.488% to 5/12/25 then 1 year Treasury Constant Maturity Rate + 1.550%)		4.488	%		5/12/26		4,690,000		4,624,622	(a)(b)
UBS Group AG, Senior Notes (4.751% to 5/12/27 then 1 year Treasury Constant Maturity Rate + 1.750%)		4.751	%		5/12/28		6,030,000		5,910,612	(a)(b)
UBS Group AG, Senior Notes (9.016% to 11/15/32 then SOFR + 5.020%)		9.016	%		11/15/33		28,855,000		35,038,325	(a)(b)
Total Capital Markets									398,572,770
Consumer Finance - 0.1%
American Express Co., Senior Notes		4.050	%		5/3/29		7,290,000		7,074,179
Financial Services - 0.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		2.450	%		10/29/26		19,250,000		17,883,443
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.000	%		10/29/28		14,330,000		12,973,644
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.300	%		1/30/32		9,740,000		8,357,150
Berkshire Hathaway Energy Co., Senior Notes		5.950	%		5/15/37		269,000		280,595
Berkshire Hathaway Finance Corp., Senior Notes		4.250	%		1/15/49		5,524,000		4,942,127
ILFC E-Capital Trust II, Ltd. GTD (3 mo. Term SOFR + 2.062%)		7.395	%		12/21/65		3,743,000		3,005,770	(a)(b)
Mastercard Inc., Senior Notes		3.850	%		3/26/50		15,550,000		12,882,295
PayPal Holdings Inc., Senior Notes		2.300	%		6/1/30		3,360,000		2,900,104
PayPal Holdings Inc., Senior Notes		4.400	%		6/1/32		3,100,000		3,003,893
USAA Capital Corp., Senior Notes		2.125	%		5/1/30		650,000		544,191	(a)
Vanguard Group Inc.		3.050	%		8/22/50		10,240,000		6,535,432
Visa Inc., Senior Notes		4.300	%		12/14/45		6,643,000		5,995,531
Total Financial Services									79,304,175

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      19

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Insurance - 0.2%
Aon North America Inc., Senior Notes		5.450	%		3/1/34	$	15,280,000	$	15,465,135
Brighthouse Financial Inc., Senior Notes		4.700	%		6/22/47		131,000		104,008
Chubb INA Holdings Inc., Senior Notes		3.350	%		5/3/26		1,164,000		1,125,203
Guardian Life Global Funding, Secured Notes		1.100	%		6/23/25		2,750,000		2,617,130	(a)
MetLife Inc., Junior Subordinated Notes		6.400	%		12/15/36		6,365,000		6,527,581
Principal Life Global Funding II, Secured Notes		1.250	%		6/23/25		2,530,000		2,408,729	(a)
Teachers Insurance & Annuity Association of America, Subordinated Notes		6.850	%		12/16/39		93,000		105,839	(a)
Teachers Insurance & Annuity Association of America, Subordinated Notes		4.900	%		9/15/44		3,500,000		3,212,982	(a)
Total Insurance									31,566,607
TOTAL FINANCIALS									1,575,021,783
HEALTH CARE - 3.2%
Biotechnology - 0.7%
AbbVie Inc., Senior Notes		2.600	%		11/21/24		26,060,000		25,595,602
AbbVie Inc., Senior Notes		4.800	%		3/15/29		8,660,000		8,677,307
AbbVie Inc., Senior Notes		3.200	%		11/21/29		36,490,000		33,633,938
AbbVie Inc., Senior Notes		4.950	%		3/15/31		3,740,000		3,768,562
AbbVie Inc., Senior Notes		5.050	%		3/15/34		5,200,000		5,266,900
AbbVie Inc., Senior Notes		4.550	%		3/15/35		233,000		225,310
AbbVie Inc., Senior Notes		4.875	%		11/14/48		1,160,000		1,110,335
AbbVie Inc., Senior Notes		4.250	%		11/21/49		14,509,000		12,576,672
Gilead Sciences Inc., Senior Notes		4.500	%		2/1/45		716,000		637,782
Gilead Sciences Inc., Senior Notes		4.750	%		3/1/46		3,967,000		3,646,279
Total Biotechnology									95,138,687
Health Care Equipment & Supplies - 0.4%
Abbott Laboratories, Senior Notes		4.750	%		11/30/36		920,000		912,878
Becton Dickinson & Co., Senior Notes		3.363	%		6/6/24		2,910,000		2,897,335
Becton Dickinson & Co., Senior Notes		3.734	%		12/15/24		336,000		331,732
Becton Dickinson & Co., Senior Notes		4.685	%		12/15/44		1,234,000		1,118,565
Medtronic Inc., Senior Notes		4.625	%		3/15/45		410,000		385,414
Roche Holdings Inc., Senior Notes		2.607	%		12/13/51		10,640,000		6,779,529	(a)
Solventum Corp., Senior Notes		5.400	%		3/1/29		9,010,000		9,030,609	(a)
Solventum Corp., Senior Notes		5.450	%		3/13/31		9,100,000		9,079,541	(a)
Solventum Corp., Senior Notes		5.600	%		3/23/34		11,820,000		11,863,943	(a)
Solventum Corp., Senior Notes		5.900	%		4/30/54		9,570,000		9,554,258	(a)
Total Health Care Equipment & Supplies									51,953,804

See Notes to Schedule of Investments.

    20  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Health Care Providers & Services - 1.4%
Aetna Inc., Senior Notes		3.875	%		8/15/47	$	2,006,000	$	1,531,797
Cigna Group, Senior Notes		4.375	%		10/15/28		23,912,000		23,335,884
Cigna Group, Senior Notes		4.800	%		8/15/38		10,930,000		10,273,973
Cigna Group, Senior Notes		4.900	%		12/15/48		4,290,000		3,910,552
CommonSpirit Health, Secured Notes		4.350	%		11/1/42		358,000		312,646
CVS Health Corp., Senior Notes		3.875	%		7/20/25		3,180,000		3,121,272
CVS Health Corp., Senior Notes		3.625	%		4/1/27		2,780,000		2,674,930
CVS Health Corp., Senior Notes		4.300	%		3/25/28		9,572,000		9,344,045
CVS Health Corp., Senior Notes		3.750	%		4/1/30		11,300,000		10,534,341
CVS Health Corp., Senior Notes		1.875	%		2/28/31		1,910,000		1,557,352
CVS Health Corp., Senior Notes		2.125	%		9/15/31		6,670,000		5,448,174
CVS Health Corp., Senior Notes		4.780	%		3/25/38		17,470,000		16,141,153
CVS Health Corp., Senior Notes		4.125	%		4/1/40		2,200,000		1,855,056
CVS Health Corp., Senior Notes		5.125	%		7/20/45		5,194,000		4,789,731
CVS Health Corp., Senior Notes		5.050	%		3/25/48		17,778,000		16,156,306
CVS Health Corp., Senior Notes		4.250	%		4/1/50		4,150,000		3,366,498
CVS Pass-Through Trust, Secured Trust		6.943	%		1/10/30		266,171		272,732
CVS Pass-Through Trust, Senior Secured Trust		6.036	%		12/10/28		2,805,784		2,833,963
Elevance Health Inc., Senior Notes		3.350	%		12/1/24		1,791,000		1,765,867
Elevance Health Inc., Senior Notes		3.650	%		12/1/27		7,067,000		6,762,597
Elevance Health Inc., Senior Notes		4.100	%		5/15/32		5,510,000		5,161,088
Elevance Health Inc., Senior Notes		4.550	%		5/15/52		2,270,000		1,997,430
Humana Inc., Senior Notes		3.950	%		3/15/27		3,726,000		3,609,619
Humana Inc., Senior Notes		3.700	%		3/23/29		15,270,000		14,375,077
Humana Inc., Senior Notes		3.125	%		8/15/29		12,000,000		10,914,413
Humana Inc., Senior Notes		2.150	%		2/3/32		2,330,000		1,864,163
Humana Inc., Senior Notes		4.625	%		12/1/42		779,000		682,602
Humana Inc., Senior Notes		4.800	%		3/15/47		242,000		213,641
UnitedHealth Group Inc., Senior Notes		2.000	%		5/15/30		5,320,000		4,523,565
UnitedHealth Group Inc., Senior Notes		2.300	%		5/15/31		1,380,000		1,169,687
UnitedHealth Group Inc., Senior Notes		4.200	%		5/15/32		2,690,000		2,557,643
UnitedHealth Group Inc., Senior Notes		5.350	%		2/15/33		290,000		298,449
UnitedHealth Group Inc., Senior Notes		5.800	%		3/15/36		582,000		624,413
UnitedHealth Group Inc., Senior Notes		2.750	%		5/15/40		5,230,000		3,851,864
UnitedHealth Group Inc., Senior Notes		5.700	%		10/15/40		1,576,000		1,657,085
UnitedHealth Group Inc., Senior Notes		4.250	%		6/15/48		1,640,000		1,417,923
UnitedHealth Group Inc., Senior Notes		4.450	%		12/15/48		2,460,000		2,191,972
UnitedHealth Group Inc., Senior Notes		3.700	%		8/15/49		4,227,000		3,318,678

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      21

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Health Care Providers & Services - (continued)
UnitedHealth Group Inc., Senior Notes		2.900	%		5/15/50	$	6,550,000	$	4,442,885
UnitedHealth Group Inc., Senior Notes		3.250	%		5/15/51		1,437,000		1,034,080
UnitedHealth Group Inc., Senior Notes		3.875	%		8/15/59		6,499,000		5,038,812
UnitedHealth Group Inc., Senior Notes		3.125	%		5/15/60		770,000		506,942
Total Health Care Providers & Services									197,440,900
Pharmaceuticals - 0.7%
Bristol-Myers Squibb Co., Senior Notes		2.900	%		7/26/24		10,189,000		10,104,760
Bristol-Myers Squibb Co., Senior Notes		5.100	%		2/22/31		4,740,000		4,788,051
Bristol-Myers Squibb Co., Senior Notes		5.200	%		2/22/34		12,940,000		13,145,277
Bristol-Myers Squibb Co., Senior Notes		4.550	%		2/20/48		2,329,000		2,085,669
Bristol-Myers Squibb Co., Senior Notes		5.550	%		2/22/54		2,600,000		2,676,106
Bristol-Myers Squibb Co., Senior Notes		5.650	%		2/22/64		1,930,000		1,987,314
Eli Lilly & Co., Senior Notes		4.700	%		2/9/34		12,020,000		11,958,827
Eli Lilly & Co., Senior Notes		5.000	%		2/9/54		1,360,000		1,353,382
Eli Lilly & Co., Senior Notes		5.100	%		2/9/64		9,780,000		9,741,379
Johnson & Johnson, Senior Notes		2.100	%		9/1/40		11,300,000		7,776,577
Merck & Co. Inc., Senior Notes		2.750	%		12/10/51		10,630,000		6,955,950
Pfizer Inc., Senior Notes		2.625	%		4/1/30		6,980,000		6,220,082
Pfizer Inc., Senior Notes		1.700	%		5/28/30		4,840,000		4,070,618
Pfizer Inc., Senior Notes		2.550	%		5/28/40		5,380,000		3,846,693
Pfizer Investment Enterprises Pte Ltd., Senior Notes		4.750	%		5/19/33		200,000		197,019
Wyeth LLC, Senior Notes		5.950	%		4/1/37		1,245,000		1,345,757
Total Pharmaceuticals									88,253,461
TOTAL HEALTH CARE									432,786,852
INDUSTRIALS - 2.2%
Aerospace & Defense - 1.2%
Boeing Co., Senior Notes		4.875	%		5/1/25		24,660,000		24,389,857
Boeing Co., Senior Notes		3.100	%		5/1/26		1,379,000		1,309,472
Boeing Co., Senior Notes		2.700	%		2/1/27		2,588,000		2,384,949
Boeing Co., Senior Notes		2.800	%		3/1/27		1,791,000		1,654,975
Boeing Co., Senior Notes		3.200	%		3/1/29		5,300,000		4,738,043
Boeing Co., Senior Notes		5.150	%		5/1/30		6,340,000		6,137,096
Boeing Co., Senior Notes		3.250	%		2/1/35		8,217,000		6,470,563
Boeing Co., Senior Notes		5.875	%		2/15/40		448,000		431,477
Boeing Co., Senior Notes		5.705	%		5/1/40		6,380,000		6,111,245
Boeing Co., Senior Notes		3.750	%		2/1/50		1,183,000		824,119
General Dynamics Corp., Senior Notes		4.250	%		4/1/40		680,000		617,297
L3Harris Technologies Inc., Senior Notes		4.854	%		4/27/35		1,730,000		1,655,279

See Notes to Schedule of Investments.

    22  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Aerospace & Defense - (continued)
L3Harris Technologies Inc., Senior Notes		5.054	%		4/27/45	$	271,000	$	256,211
Lockheed Martin Corp., Senior Notes		3.900	%		6/15/32		3,850,000		3,615,728
Lockheed Martin Corp., Senior Notes		4.500	%		5/15/36		550,000		522,938
Lockheed Martin Corp., Senior Notes		4.150	%		6/15/53		16,990,000		14,354,144
Lockheed Martin Corp., Senior Notes		5.200	%		2/15/64		2,702,000		2,673,943
Northrop Grumman Corp., Senior Notes		2.930	%		1/15/25		4,739,000		4,651,725
Northrop Grumman Corp., Senior Notes		3.250	%		1/15/28		2,964,000		2,801,637
Northrop Grumman Corp., Senior Notes		5.250	%		5/1/50		37,500,000		36,826,539
RTX Corp., Senior Notes		3.950	%		8/16/25		5,920,000		5,824,803
RTX Corp., Senior Notes		4.125	%		11/16/28		3,300,000		3,193,743
RTX Corp., Senior Notes		2.250	%		7/1/30		6,940,000		5,929,297
RTX Corp., Senior Notes		6.000	%		3/15/31		6,770,000		7,120,890
RTX Corp., Senior Notes		4.500	%		6/1/42		833,000		743,804
RTX Corp., Senior Notes		4.150	%		5/15/45		5,000,000		4,159,534
RTX Corp., Senior Notes		3.125	%		7/1/50		12,950,000		8,850,161
Total Aerospace & Defense									158,249,469
Air Freight & Logistics - 0.3%
DP World Ltd., Senior Notes		5.625	%		9/25/48		28,839,000		27,523,509	(a)
DP World Ltd., Senior Notes		4.700	%		9/30/49		13,370,000		11,104,948	(d)
Total Air Freight & Logistics									38,628,457
Building Products - 0.0%††
Carrier Global Corp., Senior Notes		2.700	%		2/15/31		410,000		353,070
Carrier Global Corp., Senior Notes		3.577	%		4/5/50		650,000		484,837
Total Building Products									837,907
Commercial Services & Supplies - 0.1%
Cintas Corp. No 2, Senior Notes		3.700	%		4/1/27		3,188,000		3,098,191
Cintas Corp. No 2, Senior Notes		4.000	%		5/1/32		3,440,000		3,247,666
Republic Services Inc., Senior Notes		2.500	%		8/15/24		3,645,000		3,602,283
Waste Connections Inc., Senior Notes		5.000	%		3/1/34		7,060,000		6,996,111
Total Commercial Services & Supplies									16,944,251
Electrical Equipment - 0.1%
Eaton Corp., Senior Notes		4.150	%		11/2/42		2,524,000		2,216,413
Emerson Electric Co., Senior Notes		2.800	%		12/21/51		13,560,000		8,893,574
Total Electrical Equipment									11,109,987
Ground Transportation - 0.1%
Burlington Northern Santa Fe LLC, Senior Notes		2.875	%		6/15/52		1,160,000		760,671
Union Pacific Corp., Senior Notes		2.150	%		2/5/27		4,460,000		4,149,394
Union Pacific Corp., Senior Notes		2.400	%		2/5/30		6,530,000		5,724,756

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      23

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Ground Transportation - (continued)
Union Pacific Corp., Senior Notes		2.891	%		4/6/36	$	170,000	$	138,791
Union Pacific Corp., Senior Notes		3.839	%		3/20/60		2,990,000		2,299,439
Union Pacific Corp., Senior Notes		3.750	%		2/5/70		6,680,000		4,919,291
Total Ground Transportation									17,992,342
Industrial Conglomerates - 0.2%
3M Co., Senior Notes		2.375	%		8/26/29		8,358,000		7,331,349
3M Co., Senior Notes		3.050	%		4/15/30		771,000		692,943
3M Co., Senior Notes		3.700	%		4/15/50		1,600,000		1,183,680
Honeywell International Inc., Senior Notes		5.000	%		3/1/35		11,530,000		11,578,372
Total Industrial Conglomerates									20,786,344
Passenger Airlines - 0.1%
Delta Air Lines Inc., Senior Notes		2.900	%		10/28/24		1,440,000		1,414,705
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.500	%		10/20/25		6,874,000		6,805,442	(a)
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.750	%		10/20/28		11,290,000		11,046,015	(a)
Total Passenger Airlines									19,266,162
Trading Companies & Distributors - 0.1%
Air Lease Corp., Senior Notes		3.375	%		7/1/25		4,630,000		4,513,700
Air Lease Corp., Senior Notes		5.300	%		2/1/28		7,240,000		7,247,265
Total Trading Companies & Distributors									11,760,965
TOTAL INDUSTRIALS									295,575,884
INFORMATION TECHNOLOGY - 1.0%
Semiconductors & Semiconductor Equipment - 0.7%
Broadcom Inc., Senior Notes		4.150	%		11/15/30		2,012,000		1,903,466
Broadcom Inc., Senior Notes		3.137	%		11/15/35		15,440,000		12,479,816	(a)
Broadcom Inc., Senior Notes		3.187	%		11/15/36		257,000		204,635	(a)
Broadcom Inc., Senior Notes		4.926	%		5/15/37		2,725,000		2,587,575	(a)
Intel Corp., Senior Notes		5.200	%		2/10/33		4,230,000		4,290,492
Intel Corp., Senior Notes		4.750	%		3/25/50		6,335,000		5,742,413
Intel Corp., Senior Notes		3.050	%		8/12/51		800,000		539,818
KLA Corp., Senior Notes		4.650	%		7/15/32		5,520,000		5,435,090
Micron Technology Inc., Senior Notes		5.300	%		1/15/31		5,690,000		5,724,997
Micron Technology Inc., Senior Notes		5.875	%		2/9/33		3,120,000		3,229,913
NVIDIA Corp., Senior Notes		3.700	%		4/1/60		6,630,000		5,291,323
NXP BV/NXP Funding LLC/NXP USA Inc., Senior Notes		2.700	%		5/1/25		4,090,000		3,970,215
Texas Instruments Inc., Senior Notes		3.875	%		3/15/39		5,340,000		4,782,705
Texas Instruments Inc., Senior Notes		4.150	%		5/15/48		6,484,000		5,586,765

See Notes to Schedule of Investments.

    24  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Semiconductors & Semiconductor Equipment - (continued)
TSMC Arizona Corp., Senior Notes		1.750	%		10/25/26	$	7,100,000	$	6,543,886
TSMC Arizona Corp., Senior Notes		2.500	%		10/25/31		41,490,000		35,480,795	(e)
Total Semiconductors & Semiconductor Equipment									103,793,904
Software - 0.3%
Microsoft Corp., Senior Notes		2.921	%		3/17/52		3,031,000		2,144,664
Oracle Corp., Senior Notes		1.650	%		3/25/26		16,160,000		15,091,690
Oracle Corp., Senior Notes		2.950	%		4/1/30		1,370,000		1,219,615
Oracle Corp., Senior Notes		4.650	%		5/6/30		7,230,000		7,092,560
Oracle Corp., Senior Notes		2.875	%		3/25/31		13,350,000		11,614,061
Total Software									37,162,590
TOTAL INFORMATION TECHNOLOGY									140,956,494
MATERIALS - 1.8%
Chemicals - 0.5%
MEGlobal BV, Senior Notes		4.250	%		11/3/26		14,921,000		14,383,366	(a)
MEGlobal BV, Senior Notes		2.625	%		4/28/28		28,240,000		25,216,343	(a)
OCP SA, Senior Notes		4.500	%		10/22/25		4,836,000		4,729,231	(a)
Orbia Advance Corp. SAB de CV, Senior Notes		1.875	%		5/11/26		13,240,000		12,167,965	(a)
Orbia Advance Corp. SAB de CV, Senior Notes		2.875	%		5/11/31		13,500,000		11,234,560	(a)
Total Chemicals									67,731,465
Metals & Mining - 0.9%
Anglo American Capital PLC, Senior Notes		3.625	%		9/11/24		9,018,000		8,915,793	(a)
Anglo American Capital PLC, Senior Notes		4.750	%		4/10/27		5,355,000		5,249,500	(a)
Anglo American Capital PLC, Senior Notes		4.000	%		9/11/27		2,212,000		2,112,067	(a)
Barrick North America Finance LLC, Senior Notes		5.700	%		5/30/41		752,000		771,374
Barrick PD Australia Finance Pty Ltd., Senior Notes		5.950	%		10/15/39		8,508,000		8,856,682
BHP Billiton Finance USA Ltd., Senior Notes		5.000	%		9/30/43		2,603,000		2,508,290
Freeport-McMoRan Inc., Senior Notes		5.400	%		11/14/34		2,894,000		2,861,289
Freeport-McMoRan Inc., Senior Notes		5.450	%		3/15/43		3,000,000		2,874,703
Glencore Funding LLC, Senior Notes		4.000	%		3/27/27		6,017,000		5,818,961	(a)
Glencore Funding LLC, Senior Notes		3.875	%		10/27/27		2,155,000		2,068,619	(a)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		34,538,000		32,756,053
Southern Copper Corp., Senior Notes		5.875	%		4/23/45		4,846,000		4,870,167
Vale Overseas Ltd., Senior Notes		6.250	%		8/10/26		33,197,000		33,733,663

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      25

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Metals & Mining - (continued)
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36	$	6,708,000	$	7,173,830
Vale Overseas Ltd., Senior Notes		6.875	%		11/10/39		5,508,000		5,893,241
Total Metals & Mining									126,464,232
Paper & Forest Products - 0.4%
Suzano Austria GmbH, Senior Notes		6.000	%		1/15/29		46,855,000		47,120,481
TOTAL MATERIALS									241,316,178
REAL ESTATE - 0.0%††
Retail REITs - 0.0%††
WEA Finance LLC/Westfield UK & Europe Finance PLC, Senior Notes		3.750	%		9/17/24		3,923,000		3,872,166	(a)
WEA Finance LLC/Westfield UK & Europe Finance PLC, Senior Notes		4.750	%		9/17/44		1,433,000		1,062,008	(a)
TOTAL REAL ESTATE									4,934,174
UTILITIES - 0.9%
Electric Utilities - 0.9%
American Transmission Systems Inc., Senior Notes		2.650	%		1/15/32		7,500,000		6,225,891	(a)
Cleveland Electric Illuminating Co., Senior Notes		3.500	%		4/1/28		1,415,000		1,322,021	(a)
Comision Federal de Electricidad, Senior Notes		3.348	%		2/9/31		10,000,000		8,374,239	(a)
Comision Federal de Electricidad, Senior Notes		3.875	%		7/26/33		20,305,000		16,601,366	(a)
Duke Energy Corp., Senior Notes		3.150	%		8/15/27		3,979,000		3,748,210
Exelon Corp., Senior Notes		5.625	%		6/15/35		1,984,000		2,017,660
FirstEnergy Corp., Senior Notes		1.600	%		1/15/26		2,770,000		2,586,083
FirstEnergy Corp., Senior Notes		4.150	%		7/15/27		15,102,000		14,495,963
FirstEnergy Corp., Senior Notes		5.100	%		7/15/47		1,970,000		1,731,036
MidAmerican Energy Co., First Mortgage Bonds		3.650	%		4/15/29		7,557,000		7,191,583
Mid-Atlantic Interstate Transmission LLC, Senior Notes		4.100	%		5/15/28		1,594,000		1,533,834	(a)
Pacific Gas and Electric Co., First Mortgage Bonds		2.100	%		8/1/27		3,160,000		2,846,482
Pacific Gas and Electric Co., First Mortgage Bonds		2.500	%		2/1/31		4,100,000		3,412,538
Pacific Gas and Electric Co., First Mortgage Bonds		3.300	%		8/1/40		830,000		610,052
Pacific Gas and Electric Co., First Mortgage Bonds		3.500	%		8/1/50		4,180,000		2,859,715

See Notes to Schedule of Investments.

    26  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Electric Utilities - (continued)
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Notes		4.125	%		5/15/27	$	3,543,000	$	3,415,679	(a)
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Notes		5.450	%		5/21/28		6,672,000		6,690,628	(a)
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Notes		5.250	%		10/24/42		18,734,000		17,314,197	(d)
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Notes		6.150	%		5/21/48		15,426,000		15,630,657	(a)
SCE Recovery Funding LLC, Senior Secured Notes		2.943	%		11/15/42		6,330,000		5,141,410
Southern California Edison Co., First Mortgage Bonds		4.125	%		3/1/48		2,000,000		1,616,924
Total Electric Utilities									125,366,168
Multi-Utilities - 0.0%††
Consolidated Edison Co. of New York Inc., Senior Notes		3.350	%		4/1/30		2,680,000		2,470,691
Consolidated Edison Co. of New York Inc., Senior Notes		3.950	%		4/1/50		1,880,000		1,528,945
Total Multi-Utilities									3,999,636
TOTAL UTILITIES									129,365,804
TOTAL CORPORATE BONDS & NOTES (Cost - $4,934,181,325)									4,447,950,179
MORTGAGE-BACKED SECURITIES - 31.5%
FHLMC - 8.8%
Federal Home Loan Mortgage Corp. (FHLMC)		3.500	%		1/1/38-5/1/52		60,618,764		55,191,922
Federal Home Loan Mortgage Corp. (FHLMC)		2.000	%		9/1/40-2/1/52		262,081,483		216,551,892
Federal Home Loan Mortgage Corp. (FHLMC)		1.500	%		11/1/40-2/1/51		102,665,466		83,441,004
Federal Home Loan Mortgage Corp. (FHLMC)		2.500	%		4/1/41-4/1/52		262,724,316		221,057,321
Federal Home Loan Mortgage Corp. (FHLMC)		6.000	%		7/1/41-9/1/53		38,066,267		38,782,755
Federal Home Loan Mortgage Corp. (FHLMC)		2.000	%		12/1/41-2/1/42		51,201,973		42,950,551	(f)
Federal Home Loan Mortgage Corp. (FHLMC)		3.000	%		5/1/42-4/1/52		118,228,641		103,552,680
Federal Home Loan Mortgage Corp. (FHLMC)		5.000	%		12/1/44-6/1/53		71,031,592		69,679,613

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      27

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
FHLMC - (continued)
Federal Home Loan Mortgage Corp. (FHLMC)		4.500	%		3/1/47-12/1/52	$	48,835,604	$	46,792,455
Federal Home Loan Mortgage Corp. (FHLMC)		4.000	%		4/1/49-2/1/53		105,159,558		98,735,130
Federal Home Loan Mortgage Corp. (FHLMC)		5.500	%		12/1/52-9/1/53		97,204,577		97,100,392
Federal Home Loan Mortgage Corp. (FHLMC)		6.500	%		1/1/53-5/1/53		27,756,483		28,595,874
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.619%)		2.875	%		11/1/47		9,237,112		8,960,108	(b)
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.621%)		3.096	%		2/1/50		12,371,216		11,689,979	(b)
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.627%)		3.007	%		11/1/48		26,223,316		24,716,297	(b)
Federal Home Loan Mortgage Corp. (FHLMC) (5 year Treasury Constant Maturity Rate + 1.285%)		2.107	%		3/1/47		2,358,745		2,197,078	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Gold		5.000	%		12/1/24-6/1/41		1,196,921		1,189,853
Federal Home Loan Mortgage Corp. (FHLMC) Gold		4.500	%		2/1/29-6/1/47		8,115,341		7,938,836
Federal Home Loan Mortgage Corp. (FHLMC) Gold		7.000	%		4/1/32-3/1/39		211,314		223,237
Federal Home Loan Mortgage Corp. (FHLMC) Gold		6.500	%		6/1/32-9/1/39		140,254		145,016
Federal Home Loan Mortgage Corp. (FHLMC) Gold		3.500	%		8/1/33-2/1/49		4,923,636		4,537,032
Federal Home Loan Mortgage Corp. (FHLMC) Gold		5.500	%		4/1/35		83,169		84,819
Federal Home Loan Mortgage Corp. (FHLMC) Gold		4.000	%		11/1/41-6/1/48		22,774,074		21,632,557
Federal Home Loan Mortgage Corp. (FHLMC) Gold		3.000	%		10/1/46-9/1/48		22,272,196		19,687,294
Total FHLMC									1,205,433,695

See Notes to Schedule of Investments.

    28  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
FNMA - 13.3%
Federal National Mortgage Association (FNMA)		2.810	%		4/1/25	$	655,847	$	639,053
Federal National Mortgage Association (FNMA)		7.500	%		8/1/25-4/1/28		7,413		7,404
Federal National Mortgage Association (FNMA)		6.000	%		1/1/26-7/1/53		75,602,757		76,908,576
Federal National Mortgage Association (FNMA)		7.000	%		4/1/27-2/1/39		621,483		648,708
Federal National Mortgage Association (FNMA)		4.500	%		4/1/31-1/1/59		123,975,784		119,737,895
Federal National Mortgage Association (FNMA)		6.500	%		2/1/32-1/1/53		18,141,512		18,749,626
Federal National Mortgage Association (FNMA)		4.230	%		10/1/32		850,000		822,028
Federal National Mortgage Association (FNMA)		4.270	%		10/1/32		391,758		380,690
Federal National Mortgage Association (FNMA)		4.580	%		1/1/33		1,275,000		1,264,685
Federal National Mortgage Association (FNMA)		4.690	%		1/1/33		1,839,213		1,838,566
Federal National Mortgage Association (FNMA)		4.720	%		1/1/33		100,000		100,193
Federal National Mortgage Association (FNMA)		4.840	%		1/1/33		400,000		404,493
Federal National Mortgage Association (FNMA)		5.080	%		1/1/33		400,000		410,386
Federal National Mortgage Association (FNMA)		4.870	%		3/1/33		1,380,000		1,397,570
Federal National Mortgage Association (FNMA)		4.420	%		4/1/33		1,487,178		1,452,301
Federal National Mortgage Association (FNMA)		4.820	%		7/1/33		1,000,000		1,005,431
Federal National Mortgage Association (FNMA)		5.490	%		10/1/33		896,514		936,868
Federal National Mortgage Association (FNMA)		5.500	%		10/1/33-9/1/56		100,747,770		100,800,185
Federal National Mortgage Association (FNMA)		3.500	%		12/1/34-6/1/52		250,646,778		228,261,332
Federal National Mortgage Association (FNMA)		3.000	%		7/1/35-4/1/52		351,887,139		311,534,029

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      29

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
FNMA - (continued)
Federal National Mortgage Association (FNMA)		2.500	%		9/1/36-9/1/61	$	366,511,879	$	308,831,333
Federal National Mortgage Association (FNMA)		5.000	%		1/1/39-7/1/53		65,917,940		64,879,702
Federal National Mortgage Association (FNMA)		2.000	%		8/1/40-3/1/52		283,241,835		232,109,056
Federal National Mortgage Association (FNMA)		1.500	%		4/1/41-3/1/51		48,390,459		37,827,975
Federal National Mortgage Association (FNMA)		2.000	%		12/1/41-8/1/42		58,535,759		49,128,985	(f)
Federal National Mortgage Association (FNMA)		4.000	%		7/1/42-6/1/57		131,747,028		123,547,027
Federal National Mortgage Association (FNMA)		6.500	%		2/1/53-3/1/54		14,200,800		14,603,572	(f)
Federal National Mortgage Association (FNMA)		3.000	%		4/1/54		30,600,000		26,329,633	(g)
Federal National Mortgage Association (FNMA)		4.500	%		4/1/54		45,300,000		43,142,752	(g)
Federal National Mortgage Association (FNMA)		5.000	%		4/1/54		59,100,000		57,670,928	(g)
Federal National Mortgage Association (FNMA) (Federal Reserve U.S. 12 mo. Cumulative Avg 1 Year CMT + 1.831%)		6.903	%		11/1/35		85,926		86,852	(b)
Total FNMA									1,825,457,834
GNMA - 9.4%
Government National Mortgage Association (GNMA)		7.000	%		5/15/26-5/15/32		2,752		2,754
Government National Mortgage Association (GNMA)		6.500	%		3/15/28-8/15/34		1,051,458		1,078,308
Government National Mortgage Association (GNMA)		6.000	%		12/15/28-6/15/35		809,736		830,729
Government National Mortgage Association (GNMA)		7.500	%		3/15/29-8/15/32		14,462		14,477
Government National Mortgage Association (GNMA)		5.500	%		2/15/35-6/15/36		61,076		62,604
Government National Mortgage Association (GNMA)		5.000	%		1/15/40		14,386		14,473
Government National Mortgage Association (GNMA)		3.000	%		9/15/42-11/15/42		5,848,369		5,287,789
Government National Mortgage Association (GNMA)		3.500	%		6/15/48-5/15/50		3,519,012		3,271,659

See Notes to Schedule of Investments.

    30  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
GNMA - (continued)
Government National Mortgage Association (GNMA)		4.000	%		3/15/50	$	284,337	$	268,040
Government National Mortgage Association (GNMA) II		6.000	%		9/20/36-1/20/54		50,139,058		50,975,524
Government National Mortgage Association (GNMA) II		6.500	%		10/20/37-1/20/54		14,766,475		15,102,013
Government National Mortgage Association (GNMA) II		4.500	%		1/20/40-9/20/52		103,628,912		100,651,704
Government National Mortgage Association (GNMA) II		5.000	%		7/20/40-8/20/53		136,819,007		135,348,027
Government National Mortgage Association (GNMA) II		3.500	%		6/20/44-2/20/53		104,257,846		95,824,564
Government National Mortgage Association (GNMA) II		4.000	%		10/20/44-6/20/52		102,944,520		97,493,812
Government National Mortgage Association (GNMA) II		3.000	%		1/20/46-4/20/53		147,979,552		130,053,188
Government National Mortgage Association (GNMA) II		2.500	%		10/20/49-12/20/51		218,464,998		185,521,804
Government National Mortgage Association (GNMA) II		2.000	%		8/20/50-3/20/51		188,432,542		153,785,081
Government National Mortgage Association (GNMA) II		2.000	%		10/20/50		59,375,796		48,719,206	(f)
Government National Mortgage Association (GNMA) II		2.500	%		4/20/51		37,362,592		31,870,018	(f)
Government National Mortgage Association (GNMA) II		5.500	%		11/20/52-8/20/53		99,263,004		99,687,229
Government National Mortgage Association (GNMA) II		3.000	%		4/20/54		3,100,000		2,734,225	(g)
Government National Mortgage Association (GNMA) II		4.000	%		4/20/54		1,300,000		1,216,599	(g)
Government National Mortgage Association (GNMA) II		4.500	%		4/20/54		20,700,000		19,892,391	(g)
Government National Mortgage Association (GNMA) II		5.000	%		4/20/54		73,200,000		71,949,232	(g)
Government National Mortgage Association (GNMA) II		5.500	%		4/20/54		25,400,000		25,380,114	(g)
Government National Mortgage Association (GNMA) II		6.500	%		4/20/54		3,100,000		3,152,170	(g)
Total GNMA									1,280,187,734
TOTAL MORTGAGE-BACKED SECURITIES (Cost - $4,565,088,248)									4,311,079,263

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      31

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - 13.1%
Angel Oak Mortgage Trust, 2022-3 A1		4.000	%		1/25/67	$	28,556,356	$	26,954,553	(a)
Arbor Realty Commercial Real Estate Notes Ltd., 2022-FL1 A (30 Day Average SOFR + 1.450%)		6.769	%		1/15/37		8,850,000		8,815,149	(a)(b)
AREIT LLC, 2022-CRE7 A (1 mo. Term SOFR + 2.242%)		7.569	%		6/17/39		8,625,000		8,631,413	(a)(b)
AREIT Trust, 2022-CRE6 A (30 Day Average SOFR + 1.250%)		6.569	%		1/20/37		18,498,407		18,351,430	(a)(b)
BANK, 2017-BNK5 A4		3.131	%		6/15/60		7,310,000		6,892,294
BANK, 2020-BN29 C		3.029	%		11/15/53		1,930,000		1,476,768	(b)
BANK, 2021-BN36 XA, IO		0.899	%		9/15/64		43,751,041		1,768,063	(b)
BANK, 2022-BNK44 A5		5.745	%		11/15/55		7,280,000		7,674,427	(b)
Benchmark Mortgage Trust, 2020-B21 B		2.458	%		12/17/53		3,870,000		3,057,533
Benchmark Mortgage Trust, 2020-IG1 AS		2.909	%		9/15/43		13,280,000		9,885,858	(b)
Benchmark Mortgage Trust, 2021-B25 XA, IO		1.089	%		4/15/54		21,887,629		1,208,510	(b)
BHMS, 2018-ATLS A (1 mo. Term SOFR + 1.547%)		6.872	%		7/15/35		21,879,000		21,861,521	(a)(b)
BRAVO Residential Funding Trust, 2022- NQM3 A1		5.108	%		7/25/62		18,662,895		18,350,960	(a)(b)
BX Commercial Mortgage Trust, 2019-IMC A (1 mo. Term SOFR + 1.046%)		6.371	%		4/15/34		8,956,000		8,946,886	(a)(b)
BX Commercial Mortgage Trust, 2021-XL2 A (1 mo. Term SOFR + 0.803%)		6.128	%		10/15/38		23,684,665		23,522,496	(a)(b)
BX Commercial Mortgage Trust, 2022-LP2 A (1 mo. Term SOFR + 1.013%)		6.338	%		2/15/39		16,101,643		16,033,816	(a)(b)
BX Commercial Mortgage Trust, 2023-XL3 A (1 mo. Term SOFR + 1.761%)		7.087	%		12/9/40		13,600,000		13,706,997	(a)(b)
BX Commercial Mortgage Trust, 2024-XL5 A (1 mo. Term SOFR + 1.392%)		6.692	%		3/15/41		10,690,000		10,711,237	(a)(b)
BX Trust, 2022-LBA6 A (1 mo. Term SOFR + 1.000%)		6.325	%		1/15/39		20,360,000		20,267,478	(a)(b)
CAMB Commercial Mortgage Trust, 2019- LIFE A (1 mo. Term SOFR + 1.367%)		6.693	%		12/15/37		12,200,000		12,206,694	(a)(b)
CD Mortgage Trust, 2016-CD2 A4		3.526	%		11/10/49		4,209,000		3,926,680	(b)
Citigroup Commercial Mortgage Trust, 2014- GC25 AS		4.017	%		10/10/47		1,773,000		1,743,338
Citigroup Commercial Mortgage Trust, 2016-C2 B		3.176	%		8/10/49		6,920,000		6,144,173
Citigroup Commercial Mortgage Trust, 2016-P6 A4		3.458	%		12/10/49		3,369,873		3,219,749

See Notes to Schedule of Investments.

    32  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Citigroup Commercial Mortgage Trust, 2017-B1 A3		3.197	%		8/15/50	$	8,466,910	$	7,923,226
Citigroup Commercial Mortgage Trust, 2017-C4 A4		3.471	%		10/12/50		8,956,000		8,443,863
Citigroup Commercial Mortgage Trust, 2017-P7 B		4.137	%		4/14/50		2,624,000		2,389,667	(b)
Citigroup Commercial Mortgage Trust, 2019-C7 A4		3.102	%		12/15/72		17,000,000		15,233,311
Cold Storage Trust, 2020-ICE5 A (1 mo. Term SOFR + 1.014%)		6.332	%		11/15/37		49,277,315		49,191,380	(a)(b)
COLT Mortgage Loan Trust, 2022-2 A1, Step bond (2.994% to 2/25/26 then 3.994%)		2.994	%		2/25/67		14,784,797		13,433,352	(a)
Commercial Mortgage Trust, 2013-300P B		4.394	%		8/10/30		4,057,000		3,711,762	(a)(b)
Commercial Mortgage Trust, 2014-277P A		3.611	%		8/10/49		2,830,000		2,706,997	(a)(b)
Commercial Mortgage Trust, 2015-CR24 AM		4.028	%		8/10/48		7,541,000		7,301,373	(b)
Commercial Mortgage Trust, 2017-PANW A		3.244	%		10/10/29		9,771,000		9,037,672	(a)
Commercial Mortgage Trust, 2020-CX A		2.173	%		11/10/46		8,430,000		6,864,326	(a)
CRSO Trust, 2023-BRND A		7.121	%		7/10/40		5,660,000		5,938,506	(a)
CSAIL Commercial Mortgage Trust, 2019- C15 A4		4.053	%		3/15/52		13,433,000		12,648,865
CSMC Trust, 2017-RPL1 A1		2.750	%		7/25/57		12,350,600		11,798,767	(a)(b)
CSMC Trust, 2017-RPL1 M1		2.969	%		7/25/57		22,223,700		18,562,737	(a)(b)
CSMC Trust, 2018-J1 A2		3.500	%		2/25/48		15,218,822		13,506,746	(a)(b)
CSMC Trust, 2019-ICE4 A (1 mo. Term SOFR + 1.027%)		6.353	%		5/15/36		24,271,615		24,272,465	(a)(b)
CSMC Trust, 2019-NQM1 A1		3.656	%		10/25/59		2,589,997		2,520,705	(a)
CSMC Trust, 2020-FACT A (1 mo. Term SOFR + 1.714%)		7.040	%		10/15/37		6,040,000		5,941,070	(a)(b)
CSMC Trust, 2020-RPL3 A1		4.081	%		3/25/60		9,020,675		8,990,958	(a)(b)
CSMC Trust, 2021-AFC1 A1		0.830	%		3/25/56		6,424,467		5,210,259	(a)(b)
CSMC Trust, 2021-AFC1 A3		1.169	%		3/25/56		2,197,135		1,803,651	(a)(b)
CSMC Trust, 2021-NQM7 A1		1.756	%		10/25/66		26,836,240		22,859,675	(a)(b)
CSMC Trust, 2021-RPL1 A1		4.037	%		9/27/60		9,108,062		8,823,907	(a)(b)
CSMC Trust, 2021-RPL2 A1		0.000	%		1/25/60		24,003,586		20,712,644	(a)
CSMC Trust, 2021-RPL4 A1		1.796	%		12/27/60		13,099,532		12,737,495	(a)(b)
CSMC Trust, 2021-RPL6 A1		2.000	%		10/25/60		13,445,788		11,805,868	(a)(b)
CSMC Trust, 2022-7R 1A1 (30 Day Average SOFR + 4.500%)		9.822	%		10/25/66		20,236,839		20,157,218	(a)(b)
CSMC Trust, 2022-CNTR A (1 mo. Term SOFR + 3.944%)		9.270	%		1/15/25		17,000,000		15,464,605	(a)(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      33

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
CSMC Trust, 2022-NQM1 A1		2.265	%		11/25/66	$	31,205,315	$	27,360,726	(a)(b)
DBCG Mortgage Trust, 2017-BBG A		8.500	%		6/15/34		7,610,000		7,629,119	(a)(b)
DBJPM Mortgage Trust, 2016-C1 B		4.195	%		5/10/49		1,320,000		1,200,522	(b)
DC Commercial Mortgage Trust, 2023-DC A		6.314	%		9/12/40		10,590,000		10,840,937	(a)
Deephaven Residential Mortgage Trust, 2022-1 A1		2.205	%		1/25/67		21,435,699		19,223,996	(a)(b)
Deutsche Mortgage Securities Inc. Mortgage Loan Trust, 2004-4 7AR2 (1 mo. Term SOFR + 0.564%)		5.894	%		6/25/34		15,803		14,347	(b)
Deutsche Mortgage Securities Inc. Mortgage Loan Trust, 2006-PR1 4AF1 (1 mo. Term SOFR + 0.404%)		5.730	%		4/15/36		1,411,525		1,233,405	(a)(b)
Ellington Financial Mortgage Trust, 2022-1 A1		2.206	%		1/25/67		21,412,884		18,261,957	(a)(b)
EverBank Mortgage Loan Trust, 2018-1 A22		3.500	%		2/25/48		3,254,181		2,879,420	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multiclass Certificates, 2020-RR02 BX, IO		1.666	%		8/27/28		10,000,000		600,209	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multiclass Certificates, 2020-RR07 AX, IO		2.468	%		9/27/28		9,000,000		799,834	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily ML Certificates, 2020- ML07 XUS, IO		1.985	%		10/25/36		16,734,303		2,412,584	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily PC REMIC Trust, 2019- RR01 X, IO		1.534	%		6/25/28		15,000,000		783,660	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K062 X1, IO		0.283	%		12/25/26		250,224,052		1,777,191	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K072 X1, IO		0.364	%		12/25/27		60,257,764		724,244	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K091 X1, IO		0.561	%		3/25/29		33,136,221		790,229	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K093 X1, IO		0.942	%		5/25/29		19,422,632		751,131	(b)

See Notes to Schedule of Investments.

    34  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K095 XAM, IO		1.241	%		6/25/29	$	10,114,000	$	562,171	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K101 X1, IO		0.834	%		10/25/29		19,651,224		738,432	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K105 X1, IO		1.521	%		1/25/30		36,101,924		2,543,973	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K106 X1, IO		1.318	%		1/25/30		25,635,798		1,594,798	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K110 X1, IO		1.695	%		4/25/30		24,899,350		1,942,705	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K115 X1, IO		1.323	%		6/25/30		8,939,913		582,950	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K116 X1, IO		1.422	%		7/25/30		33,457,523		2,298,595	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K120 X1, IO		1.036	%		10/25/30		11,882,960		616,011	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K121 X1, IO		1.021	%		10/25/30		1,475,215		75,495	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K124 X1, IO		0.718	%		12/25/30		49,636,284		1,909,816	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K128 X1, IO		0.514	%		3/25/31		51,709,873		1,450,762	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K133 X1, IO		0.347	%		9/25/31		76,910,456		1,659,358	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K136 X1, IO		0.397	%		12/25/31		197,850,676		4,341,398	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K142 X1, IO		0.296	%		3/25/32		34,169,921		695,406	(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      35

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K143 X1, IO		0.342	%		4/25/55	$	6,987,436	$	166,871	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K145 X1, IO		0.317	%		6/25/55		22,449,818		513,183	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K146 X1, IO		0.230	%		6/25/54		54,473,217		983,356	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K147 X1, IO		0.358	%		6/25/32		19,958,861		530,303	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K148 X1, IO		0.250	%		7/25/32		62,264,797		1,243,098	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K149 X1, IO		0.264	%		8/25/32		32,918,183		695,439	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K151 X1, IO		0.181	%		10/25/32		75,207,874		1,207,034	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K154 X1, IO		0.353	%		1/25/33		26,493,270		758,857	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K155 X1, IO		0.265	%		4/25/33		8,991,852		204,149	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K159 X1, IO		0.123	%		7/25/33		221,252,047		3,013,508	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K736 X1, IO		1.281	%		7/25/26		7,951,219		177,022	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K737 X1, IO		0.629	%		10/25/26		41,034,150		492,865	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K741 X1, IO		0.566	%		12/25/27		17,870,817		314,993	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K742 X1, IO		0.775	%		3/25/28		18,392,884		362,292	(b)

See Notes to Schedule of Investments.

    36  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1511 X1, IO		0.776	%		3/25/34	$	3,544,248	$	184,895	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1515 X1, IO		1.509	%		2/25/35		25,495,120		2,832,029	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1516 X1, IO		1.510	%		5/25/35		7,410,899		879,722	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1517 X1, IO		1.323	%		7/25/35		6,342,663		656,260	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1520 X1, IO		0.471	%		2/25/36		14,931,783		566,424	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, KC05 X1, IO		1.225	%		6/25/27		7,172,738		147,789	(b)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, S8FX A2		3.291	%		3/25/27		7,057,000		6,734,783
Federal Home Loan Mortgage Corp. (FHLMC) Reference REMIC, R007 ZA		6.000	%		5/15/36		781,577		804,308
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 2957 ZA, PAC		5.000	%		3/15/35		1,227,297		1,229,853
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3242 SC, IO (-1.000 x 30 Day Average SOFR + 6.176%)		0.857	%		11/15/36		199,545		17,595	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3281 AI, IO (-1.000 x 30 Day Average SOFR + 6.316%)		0.997	%		2/15/37		523,791		47,027	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3368 AI, IO (-1.000 x 30 Day Average SOFR + 5.916%)		0.597	%		9/15/37		441,313		34,646	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3621 SB, IO (-1.000 x 30 Day Average SOFR + 6.116%)		0.797	%		1/15/40		115,175		10,678	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3639 EY		5.000	%		2/15/30		331,187		331,172

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      37

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3947 SG, IO (-1.000 x 30 Day Average SOFR + 5.836%)		0.517	%		10/15/41	$	273,667	$	24,474	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3973 SA, IO (-1.000 x 30 Day Average SOFR + 6.376%)		1.057	%		12/15/41		202,610		22,812	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4054 SA, IO (-1.000 x 30 Day Average SOFR + 5.936%)		0.617	%		8/15/39		403,850		32,108	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4099 ST, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.567	%		8/15/42		554,191		59,011	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4119 IN, IO		3.500	%		10/15/32		336,464		29,698
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4194 BI, IO, PAC		3.500	%		4/15/43		1,221,304		200,569
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4203 PS, IO, PAC (-1.000 x 30 Day Average SOFR + 6.136%)		0.817	%		9/15/42		335,630		27,274	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4239 IO, IO		3.500	%		6/15/27		219,754		5,904
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4298 PI, IO, PAC		4.000	%		4/15/43		70,228		1,323
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4310 SA, IO (-1.000 x 30 Day Average SOFR + 5.836%)		0.517	%		2/15/44		666,609		59,478	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4335 SW, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.567	%		5/15/44		277,050		23,322	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4415 IO, IO		0.000	%		4/15/41		334,970		18,863	(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4793 CB		3.000	%		5/15/48		2,911,027		2,572,427
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4793 CD		3.000	%		6/15/48		1,927,580		1,703,691
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4813 CJ		3.000	%		8/15/48		1,551,389		1,339,160
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4991 QV		2.000	%		9/25/45		1,291,053		1,038,160
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5010 IK, IO		2.500	%		9/25/50		3,888,073		581,006

See Notes to Schedule of Investments.

    38  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5010 JI, IO		2.500	%		9/25/50	$	10,301,041	$	1,655,976
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5013 IN, IO		2.500	%		9/25/50		4,477,038		729,318
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5018 MI, IO		2.000	%		10/25/50		8,898,738		1,178,792
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5040 IB, IO		2.500	%		11/25/50		2,579,899		347,026
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5059 IB, IO		2.500	%		1/25/51		13,207,926		2,041,860
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5068 AI, IO		3.000	%		11/25/50		7,360,011		1,207,788
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5069 MI, IO		2.500	%		2/25/51		5,006,796		742,060
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5085 NI, IO		2.000	%		3/25/51		27,668,669		3,348,955
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5092 AP, PAC		2.000	%		4/25/41		1,917,970		1,637,389
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5129 KI, IO		4.000	%		11/25/49		1,787,643		298,542
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5140 NI, IO		2.500	%		5/25/49		16,305,008		2,269,205
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5148 BI, IO		2.500	%		1/25/49		21,826,244		2,999,707
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5148 CI, IO		2.000	%		6/25/49		11,036,602		1,270,892
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5161 IO, IO		2.000	%		3/25/51		17,414,429		2,417,264
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5168 CI, IO		4.000	%		11/25/51		13,289,140		2,634,572
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5173 LI, IO		2.500	%		5/25/50		3,501,801		551,162
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5181 AI, IO		2.500	%		3/25/49		1,796,863		263,367
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5190 GI, IO		2.500	%		10/25/48		13,709,986		1,827,892
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5200 KQ, PAC		3.000	%		9/25/49		535,311		483,000
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5202 IN, IO		3.000	%		1/25/47		725,898		95,141

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      39

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5224 HL, PAC		4.000	%		4/25/52	$	21,428,000	$	19,264,841
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5230 PE		2.000	%		12/25/51		14,368,162		11,222,111
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5274 IO, IO		2.500	%		1/25/51		16,999,057		2,754,942
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5282 GI, IO		4.000	%		2/25/50		4,216,204		842,525
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5389 IA, IO		2.500	%		10/25/51		3,491,849		603,040
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5389 IC, IO		4.500	%		11/25/51		9,933,943		2,242,103
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2021-DNA6 M2 (30 Day Average SOFR + 1.500%)		6.820	%		10/25/41		38,510,000		38,596,813	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2021-DNA7 M2 (30 Day Average SOFR + 1.800%)		7.120	%		11/25/41		3,500,000		3,523,927	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA1 M1A (30 Day Average SOFR + 1.000%)		6.320	%		1/25/42		13,629,397		13,632,971	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA3 M1A (30 Day Average SOFR + 2.000%)		7.320	%		4/25/42		10,151,826		10,286,876	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA3 M1B (30 Day Average SOFR + 2.900%)		8.220	%		4/25/42		33,130,000		34,302,782	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA4 M1A (30 Day Average SOFR + 2.200%)		7.520	%		5/25/42		3,997,091		4,068,515	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 283 IO, IO		3.500	%		10/15/27		71,816		2,396
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 334 S7, IO (-1.000 x 30 Day Average SOFR + 5.986%)		0.667	%		8/15/44		186,213		19,432	(b)

See Notes to Schedule of Investments.

    40  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 353 S1, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.567	%		12/15/46	$	2,938,045	$	295,274	(b)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 390 C14, IO		4.000	%		11/15/52		4,278,620		895,218
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 390 C17, IO		4.500	%		11/15/52		481,829		124,315
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 400 C9, IO		2.000	%		3/25/52		7,001,648		935,734
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2021-DNA2 M2 (30 Day Average SOFR + 2.300%)		7.620	%		8/25/33		17,219,901		17,569,909	(a)(b)
Federal National Mortgage Association (FNMA) - CAS, 2022-R04 1M2 (30 Day Average SOFR + 3.100%)		8.420	%		3/25/42		11,510,000		11,980,273	(a)(b)
Federal National Mortgage Association (FNMA) ACES, 2015-M7 X2, IO		0.480	%		12/25/24		79,470,756		40,947	(b)
Federal National Mortgage Association (FNMA) ACES, 2018-M15 1A2		3.700	%		1/25/36		3,735,000		3,412,305
Federal National Mortgage Association (FNMA) ACES, 2019-M4 A2		3.610	%		2/25/31		1,873,398		1,752,452
Federal National Mortgage Association (FNMA) ACES, 2019-M13 X1, IO		0.826	%		6/25/34		3,698,229		140,013	(b)
Federal National Mortgage Association (FNMA) ACES, 2019-M14 X1, IO		0.556	%		6/25/29		9,310,166		205,072	(b)
Federal National Mortgage Association (FNMA) ACES, 2020-M6 A		2.500	%		10/25/37		1,398,688		1,206,905
Federal National Mortgage Association (FNMA) ACES, 2020-M36 X1, IO		1.448	%		9/25/34		19,146,913		934,224	(b)
Federal National Mortgage Association (FNMA) ACES, 2020-M54 X, IO		1.499	%		12/25/33		36,678,444		2,529,397	(b)
Federal National Mortgage Association (FNMA) ACES, 2023-M4 A2		3.768	%		8/25/32		2,600,000		2,439,420	(b)
Federal National Mortgage Association (FNMA) Grantor Trust, 2017-T1 A		2.898	%		6/25/27		1,316,707		1,240,763
Federal National Mortgage Association (FNMA) REMIC, 2010-27 AS, IO (-1.000 x 30 Day Average SOFR + 6.366%)		1.045	%		4/25/40		248,502		25,888	(b)
Federal National Mortgage Association (FNMA) REMIC, 2010-123 PM, PAC		4.000	%		7/25/40		1,132,852		1,108,209

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      41

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2011-59 NZ		5.500	%		7/25/41	$	400,136	$	408,169
Federal National Mortgage Association (FNMA) REMIC, 2011-99 KS, IO (-1.000 x 30 Day Average SOFR + 6.586%)		1.265	%		10/25/26		63,244		1,098	(b)
Federal National Mortgage Association (FNMA) REMIC, 2012-28 B		6.500	%		6/25/39		11,621		11,822
Federal National Mortgage Association (FNMA) REMIC, 2012-35 SC, IO (-1.000 x 30 Day Average SOFR + 6.386%)		1.065	%		4/25/42		537,277		61,685	(b)
Federal National Mortgage Association (FNMA) REMIC, 2012-46 BA		6.000	%		5/25/42		365,713		377,962
Federal National Mortgage Association (FNMA) REMIC, 2012-51 B		7.000	%		5/25/42		138,839		149,167
Federal National Mortgage Association (FNMA) REMIC, 2012-74 OA, PO		0.000	%		3/25/42		23,721		21,294
Federal National Mortgage Association (FNMA) REMIC, 2012-74 SA, IO (-1.000 x 30 Day Average SOFR + 6.536%)		1.215	%		3/25/42		417,782		25,599	(b)
Federal National Mortgage Association (FNMA) REMIC, 2012-75 AO, PO		0.000	%		3/25/42		47,441		42,452
Federal National Mortgage Association (FNMA) REMIC, 2012-75 NS, IO (-1.000 x 30 Day Average SOFR + 6.486%)		1.165	%		7/25/42		110,317		12,247	(b)
Federal National Mortgage Association (FNMA) REMIC, 2012-101 BI, IO		4.000	%		9/25/27		26,180		354
Federal National Mortgage Association (FNMA) REMIC, 2012-118 VZ		3.000	%		11/25/42		7,338,102		6,554,114
Federal National Mortgage Association (FNMA) REMIC, 2012-133 CS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.715	%		12/25/42		391,976		41,287	(b)
Federal National Mortgage Association (FNMA) REMIC, 2012-134 MS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.715	%		12/25/42		247,864		29,685	(b)
Federal National Mortgage Association (FNMA) REMIC, 2013-9 BC		6.500	%		7/25/42		710,554		745,084
Federal National Mortgage Association (FNMA) REMIC, 2013-9 CB		5.500	%		4/25/42		1,852,806		1,879,945
Federal National Mortgage Association (FNMA) REMIC, 2013-14 IG, IO		4.000	%		3/25/43		461,192		82,737

See Notes to Schedule of Investments.

    42  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2013-26 HI, IO		3.000	%		4/25/32	$	37,381	$	1,243
Federal National Mortgage Association (FNMA) REMIC, 2013-29 QI, IO		4.000	%		4/25/43		735,673		130,937
Federal National Mortgage Association (FNMA) REMIC, 2013-54 BS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.715	%		6/25/43		867,587		102,251	(b)
Federal National Mortgage Association (FNMA) REMIC, 2013-124 SB, IO (-1.000 x 30 Day Average SOFR + 5.836%)		0.515	%		12/25/43		1,874,602		172,370	(b)
Federal National Mortgage Association (FNMA) REMIC, 2013-126 CS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.715	%		9/25/41		693,528		44,549	(b)
Federal National Mortgage Association (FNMA) REMIC, 2014-47 AI, IO		0.000	%		8/25/44		1,000,103		44,720	(b)
Federal National Mortgage Association (FNMA) REMIC, 2015-39 LZ		3.000	%		6/25/45		87,245		76,367
Federal National Mortgage Association (FNMA) REMIC, 2015-56 AS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.715	%		8/25/45		517,474		63,509	(b)
Federal National Mortgage Association (FNMA) REMIC, 2015-65 CZ		3.500	%		9/25/45		1,484,814		1,255,953
Federal National Mortgage Association (FNMA) REMIC, 2017-76 SB, IO (-1.000 x 30 Day Average SOFR + 5.986%)		0.665	%		10/25/57		6,000,693		684,884	(b)
Federal National Mortgage Association (FNMA) REMIC, 2017-85 SC, IO (-1.000 x 30 Day Average SOFR + 6.086%)		0.765	%		11/25/47		1,687,208		154,524	(b)
Federal National Mortgage Association (FNMA) REMIC, 2018-74 AB		3.500	%		10/25/48		773,003		704,914
Federal National Mortgage Association (FNMA) REMIC, 2020-37 IM, IO		4.000	%		6/25/50		18,273,786		3,631,020
Federal National Mortgage Association (FNMA) REMIC, 2020-47 GZ		2.000	%		7/25/50		6,574,683		3,925,246
Federal National Mortgage Association (FNMA) REMIC, 2020-56 AQ		2.000	%		8/25/50		4,400,000		3,410,680
Federal National Mortgage Association (FNMA) REMIC, 2020-56 DI, IO		2.500	%		8/25/50		4,266,532		694,508
Federal National Mortgage Association (FNMA) REMIC, 2020-57 TA		2.000	%		4/25/50		5,007,946		4,317,363

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      43

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2020-61 NI, IO		3.500	%		9/25/50	$	11,868,358	$	2,003,000
Federal National Mortgage Association (FNMA) REMIC, 2020-62 AI, IO		2.500	%		9/25/50		6,566,673		1,043,905
Federal National Mortgage Association (FNMA) REMIC, 2020-71 IA, IO		2.000	%		3/25/41		7,657,316		332,667
Federal National Mortgage Association (FNMA) REMIC, 2020-73 KI, IO		3.000	%		10/25/50		603,627		97,717
Federal National Mortgage Association (FNMA) REMIC, 2020-74 EI, IO		2.500	%		10/25/50		3,756,373		612,369
Federal National Mortgage Association (FNMA) REMIC, 2020-89 DI, IO		2.500	%		12/25/50		23,573,269		3,590,647
Federal National Mortgage Association (FNMA) REMIC, 2020-97 AI, IO		2.000	%		1/25/51		28,725,764		3,896,819
Federal National Mortgage Association (FNMA) REMIC, 2021-1 IG, IO		2.500	%		2/25/51		16,191,649		2,637,320
Federal National Mortgage Association (FNMA) REMIC, 2021-3 NI, IO		2.500	%		2/25/51		16,528,560		2,435,249
Federal National Mortgage Association (FNMA) REMIC, 2021-3 QI, IO		2.500	%		2/25/51		20,089,559		3,143,023
Federal National Mortgage Association (FNMA) REMIC, 2021-4 GI, IO, PAC		3.000	%		2/25/51		3,902,874		624,490
Federal National Mortgage Association (FNMA) REMIC, 2021-8 DI, IO, PAC		3.500	%		3/25/51		2,097,038		445,786
Federal National Mortgage Association (FNMA) REMIC, 2021-28 LB		2.000	%		4/25/51		5,908,958		4,764,176
Federal National Mortgage Association (FNMA) REMIC, 2021-33 AI, IO		2.500	%		5/25/47		6,241,820		815,609
Federal National Mortgage Association (FNMA) REMIC, 2021-43 IO, IO		2.500	%		6/25/51		7,248,938		1,133,055
Federal National Mortgage Association (FNMA) REMIC, 2021-44 MI, IO		2.500	%		7/25/51		897,809		152,835
Federal National Mortgage Association (FNMA) REMIC, 2021-52 CI, IO		2.500	%		12/25/47		8,265,763		1,120,159
Federal National Mortgage Association (FNMA) REMIC, 2021-61 KI, IO		2.500	%		4/25/49		30,245,990		4,169,349
Federal National Mortgage Association (FNMA) REMIC, 2021-62 GI, IO		2.500	%		10/25/47		8,182,509		1,193,088
Federal National Mortgage Association (FNMA) REMIC, 2021-63 QI, IO, PAC		2.500	%		6/25/51		1,684,353		211,413

See Notes to Schedule of Investments.

    44  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2021-65 JA		2.000	%		1/25/46	$	1,502,924	$	1,307,861
Federal National Mortgage Association (FNMA) REMIC, 2021-69 IJ, IO		2.500	%		1/25/49		42,424,298		5,798,519
Federal National Mortgage Association (FNMA) REMIC, 2021-77 WI, IO, PAC		3.000	%		8/25/50		10,470,378		1,662,450
Federal National Mortgage Association (FNMA) REMIC, 2021-89 AI, IO		2.500	%		4/25/48		4,035,452		587,685
Federal National Mortgage Association (FNMA) REMIC, 2022-57 BC		4.000	%		9/25/52		513,647		484,036
Federal National Mortgage Association (FNMA) REMIC, 2022-86 IO, IO		2.500	%		5/25/50		1,484,789		206,870
Federal National Mortgage Association (FNMA) REMIC, 2023-2 CI, IO		2.000	%		10/25/50		47,436,108		5,838,764
Federal National Mortgage Association (FNMA) STRIPS, 390 C3, IO		6.000	%		7/25/38		146,439		31,598
Federal National Mortgage Association (FNMA) STRIPS, 407 22, IO		5.000	%		1/25/39		57,239		10,908
Federal National Mortgage Association (FNMA) STRIPS, 407 23, IO		5.000	%		1/25/39		27,293		5,212	(b)
Federal National Mortgage Association (FNMA) STRIPS, 407 27, IO		5.500	%		1/25/39		25,683		5,376	(b)
Federal National Mortgage Association (FNMA) STRIPS, 407 34, IO		5.000	%		1/25/38		36,562		5,679
Federal National Mortgage Association (FNMA) STRIPS, 407 41, IO		6.000	%		1/25/38		193,033		40,545
Federal National Mortgage Association (FNMA) STRIPS, 409 C1, IO		3.000	%		11/25/26		231,534		5,612
Federal National Mortgage Association (FNMA) STRIPS, 409 C2, IO		3.000	%		4/25/27		359,415		10,886
Federal National Mortgage Association (FNMA) STRIPS, 409 C13, IO		3.500	%		11/25/41		536,782		84,116
Federal National Mortgage Association (FNMA) STRIPS, 409 C17, IO		4.000	%		11/25/41		634,425		116,761
Federal National Mortgage Association (FNMA) STRIPS, 409 C18, IO		4.000	%		4/25/42		444,954		83,008
Federal National Mortgage Association (FNMA) STRIPS, 409 C22, IO		4.500	%		11/25/39		292,922		56,378
Federal National Mortgage Association (FNMA) STRIPS, 427 C21, IO		2.000	%		3/25/50		23,843,768		2,926,055

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      45

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Federal National Mortgage Association (FNMA) STRIPS, 428 C14, IO		2.500	%		1/25/48	$	6,934,767	$	800,885
Federal National Mortgage Association (FNMA) STRIPS, 429 C10, IO		1.500	%		4/25/37		32,046,787		1,905,193
FREMF Mortgage Trust, 2019-K103 X2A, IO		0.100	%		12/25/51		347,840,402		1,512,132	(a)
Galton Funding Mortgage Trust, 2017-1 A22		3.000	%		7/25/56		625,105		549,367	(a)(b)
Government National Mortgage Association (GNMA), 2010-42 BS, IO (-1.000x1mo. Term SOFR + 6.366%)		1.037	%		4/20/40		50,885		5,510	(b)
Government National Mortgage Association (GNMA), 2010-76 CS, IO (-1.000x1mo. Term SOFR + 6.436%)		1.107	%		6/20/40		877,304		99,183	(b)
Government National Mortgage Association (GNMA), 2010-85 HS, IO, PAC (-1.000 x 1 mo. Term SOFR + 6.536%)		1.207	%		1/20/40		6,489		22	(b)
Government National Mortgage Association (GNMA), 2010-H03 FA (1 mo. Term SOFR + 0.664%)		5.989	%		3/20/60		413,154		413,053	(b)
Government National Mortgage Association (GNMA), 2010-H10 FC (1 mo. Term SOFR + 1.114%)		6.451	%		5/20/60		183,408		184,473	(b)
Government National Mortgage Association (GNMA), 2010-H26 LF (1 mo. Term SOFR + 0.464%)		5.794	%		8/20/58		131,999		131,483	(b)
Government National Mortgage Association (GNMA), 2010-H27 FA (1 mo. Term SOFR + 0.494%)		5.824	%		12/20/60		569,044		567,697	(b)
Government National Mortgage Association (GNMA), 2010-H28 FE (1 mo. Term SOFR + 0.514%)		5.844	%		12/20/60		540,853		539,750	(b)
Government National Mortgage Association (GNMA), 2011-H03 FA (1 mo. Term SOFR + 0.614%)		5.944	%		1/20/61		381,457		381,119	(b)
Government National Mortgage Association (GNMA), 2011-H05 FB (1 mo. Term SOFR + 0.614%)		5.944	%		12/20/60		636,593		636,029	(b)
Government National Mortgage Association (GNMA), 2011-H06 FA (1 mo. Term SOFR + 0.564%)		5.894	%		2/20/61		546,086		545,253	(b)

See Notes to Schedule of Investments.

    46  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2011-H08 FG (1 mo. Term SOFR + 0.594%)		5.924	%		3/20/61	$	639,638	$	639,012	(b)
Government National Mortgage Association (GNMA), 2011-H09 AF (1 mo. Term SOFR + 0.614%)		5.944	%		3/20/61		376,677		376,362	(b)
Government National Mortgage Association (GNMA), 2012-27 IO, IO		0.225	%		4/16/53		4,697,489		10,267	(b)
Government National Mortgage Association (GNMA), 2012-34 SA, IO (-1.000x1mo. Term SOFR + 5.936%)		0.607	%		3/20/42		997,631		94,081	(b)
Government National Mortgage Association (GNMA), 2012-44 IO, IO		0.029	%		3/16/49		1,353,202		150	(b)
Government National Mortgage Association (GNMA), 2012-81 AI, IO		3.500	%		4/20/27		5,497		2
Government National Mortgage Association (GNMA), 2012-98 SA, IO (-1.000x1mo. Term SOFR + 5.986%)		0.659	%		8/16/42		394,328		40,524	(b)
Government National Mortgage Association (GNMA), 2012-112 IO, IO		0.108	%		2/16/53		3,582,349		7,297	(b)
Government National Mortgage Association (GNMA), 2012-124 AS, IO (-1.000x1mo. Term SOFR + 6.086%)		0.759	%		10/16/42		396,464		40,980	(b)
Government National Mortgage Association (GNMA), 2013-50 IO, IO		0.061	%		10/16/48		22,006,570		30,924	(b)
Government National Mortgage Association (GNMA), 2013-72 IO, IO		0.568	%		11/16/47		7,564,987		108,537	(b)
Government National Mortgage Association (GNMA), 2013-107 AD		2.833	%		11/16/47		2,986,226		2,663,506	(b)
Government National Mortgage Association (GNMA), 2013-163 IO, IO		1.010	%		2/16/46		2,426,873		51,625	(b)
Government National Mortgage Association (GNMA), 2014-5 SP, IO, PAC (-1.000x1mo. Term SOFR + 6.036%)		0.709	%		6/16/43		168,384		6,942	(b)
Government National Mortgage Association (GNMA), 2014-17 AM		3.536	%		6/16/48		67,965		63,605	(b)
Government National Mortgage Association (GNMA), 2014-47 IA, IO		0.154	%		2/16/48		581,641		1,966	(b)
Government National Mortgage Association (GNMA), 2014-50 IO, IO		0.627	%		9/16/55		3,010,248		75,196	(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      47

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2014-118 HS, IO (-1.000x1mo. Term SOFR + 6.086%)		0.757	%		8/20/44	$	3,452,716	$	395,329	(b)
Government National Mortgage Association (GNMA), 2014-160 EI, IO		4.000	%		7/16/26		161,985		1,353
Government National Mortgage Association (GNMA), 2014-186 IO, IO		0.371	%		8/16/54		4,496,123		45,015	(b)
Government National Mortgage Association (GNMA), 2015-98 IO, IO		0.211	%		4/16/55		9,647,813		83,561	(b)
Government National Mortgage Association (GNMA), 2015-167 OI, IO		4.000	%		4/16/45		1,161,459		219,905
Government National Mortgage Association (GNMA), 2016-84 IG, IO, PAC		4.500	%		11/16/45		6,275,563		1,258,986
Government National Mortgage Association (GNMA), 2016-135 SB, IO (-1.000x1mo. Term SOFR + 5.986%)		0.659	%		10/16/46		1,821,241		250,304	(b)
Government National Mortgage Association (GNMA), 2016-H06 FD (1 mo. Term SOFR + 1.034%)		6.364	%		7/20/65		135,610		135,521	(b)
Government National Mortgage Association (GNMA), 2017-8 IO, IO		0.447	%		8/16/58		4,857,164		118,726	(b)
Government National Mortgage Association (GNMA), 2017-28 IO, IO		0.687	%		2/16/57		7,390,628		267,160	(b)
Government National Mortgage Association (GNMA), 2017-41 IO, IO		0.584	%		7/16/58		2,629,334		73,846	(b)
Government National Mortgage Association (GNMA), 2017-111 IO, IO		0.526	%		2/16/59		4,108,468		122,780	(b)
Government National Mortgage Association (GNMA), 2017-145 IO, IO		0.505	%		4/16/57		5,661,241		167,005	(b)
Government National Mortgage Association (GNMA), 2017-157 IO, IO		0.519	%		12/16/59		2,803,108		96,108	(b)
Government National Mortgage Association (GNMA), 2017-190 IO, IO		0.619	%		3/16/60		1,260,426		46,037	(b)
Government National Mortgage Association (GNMA), 2017-H22 IC, IO		0.289	%		11/20/67		375,761		11,935	(b)
Government National Mortgage Association (GNMA), 2018-37 QA		2.750	%		3/20/48		1,086,562		949,620
Government National Mortgage Association (GNMA), 2018-168 PA, PAC-1		4.000	%		8/20/48		533,409		501,577

See Notes to Schedule of Investments.

    48  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2018-H06 PF (1 mo. Term SOFR + 0.414%)		5.744	%		2/20/68	$	1,661,226	$	1,644,968	(b)
Government National Mortgage Association (GNMA), 2018-H07 FD (1 mo. Term SOFR + 0.414%)		5.744	%		5/20/68		2,879,926		2,883,830	(b)
Government National Mortgage Association (GNMA), 2018-H08 KF (1 mo. Term SOFR + 0.414%)		5.744	%		5/20/68		1,740,309		1,732,645	(b)
Government National Mortgage Association (GNMA), 2019-18 TP, PAC		3.500	%		2/20/49		351,306		318,913
Government National Mortgage Association (GNMA), 2019-90 AB		3.000	%		7/20/49		2,089,303		1,851,248
Government National Mortgage Association (GNMA), 2020-47 MI, IO, PAC		3.500	%		4/20/50		7,159,788		1,297,672
Government National Mortgage Association (GNMA), 2020-47 NI, IO, PAC		3.500	%		4/20/50		2,637,020		479,228
Government National Mortgage Association (GNMA), 2020-89 IA, IO		1.165	%		4/16/62		12,388,309		1,006,427	(b)
Government National Mortgage Association (GNMA), 2020-103 AD		1.450	%		1/16/63		3,932,680		2,968,618
Government National Mortgage Association (GNMA), 2020-109 AI, IO		0.838	%		5/16/60		13,952,903		795,938	(b)
Government National Mortgage Association (GNMA), 2020-123 IL, IO, PAC		2.500	%		8/20/50		2,784,053		356,649
Government National Mortgage Association (GNMA), 2020-123 NI, IO		2.500	%		8/20/50		9,183,578		1,259,784
Government National Mortgage Association (GNMA), 2020-127 IN, IO		2.500	%		8/20/50		4,336,448		580,639
Government National Mortgage Association (GNMA), 2020-129 IE, IO		2.500	%		9/20/50		4,141,609		555,509
Government National Mortgage Association (GNMA), 2020-157 IO, IO		0.935	%		6/16/62		16,961,813		1,102,837	(b)
Government National Mortgage Association (GNMA), 2020-160 IH, IO		2.500	%		10/20/50		3,087,228		412,301
Government National Mortgage Association (GNMA), 2020-160 VI, IO		2.500	%		10/20/50		4,284,458		615,457
Government National Mortgage Association (GNMA), 2020-160 YI, IO		2.500	%		10/20/50		14,338,634		1,928,212
Government National Mortgage Association (GNMA), 2020-181 WI, IO		2.000	%		12/20/50		31,752,243		3,536,254

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      49

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2020-184, IO, IO		0.912	%		11/16/60	$	5,564,330	$	349,369	(b)
Government National Mortgage Association (GNMA), 2020-187 MI, IO, PAC		3.000	%		12/20/50		2,835,770		496,026
Government National Mortgage Association (GNMA), 2020-195 IO, IO		0.927	%		12/16/62		76,598,933		4,976,839	(b)
Government National Mortgage Association (GNMA), 2020-H09 FL (1 mo. Term SOFR + 1.264%)		6.594	%		5/20/70		8,592,646		8,641,653	(b)
Government National Mortgage Association (GNMA), 2020-H09 NF (1 mo. Term SOFR + 1.364%)		6.694	%		4/20/70		6,056,614		6,138,104	(b)
Government National Mortgage Association (GNMA), 2020-H12 F (1 mo. Term SOFR + 0.614%)		5.944	%		7/20/70		1,903,696		1,866,791	(b)
Government National Mortgage Association (GNMA), 2020-H13 FA (1 mo. Term SOFR + 0.564%)		5.894	%		7/20/70		2,838,467		2,774,462	(b)
Government National Mortgage Association (GNMA), 2020-H13 FC (1 mo. Term SOFR + 0.564%)		5.894	%		7/20/70		21,626,410		21,140,140	(b)
Government National Mortgage Association (GNMA), 2020-H20 FA (1 mo. Term SOFR + 0.464%)		5.794	%		4/20/70		1,362,888		1,328,494	(b)
Government National Mortgage Association (GNMA), 2021-2 AH		1.500	%		6/16/63		835,463		629,072
Government National Mortgage Association (GNMA), 2021-5 IO, IO		1.112	%		1/16/61		9,093,867		701,479	(b)
Government National Mortgage Association (GNMA), 2021-8 AQ		5.000	%		1/20/51		431,876		430,363
Government National Mortgage Association (GNMA), 2021-9 MI, IO		2.500	%		1/20/51		38,635,396		5,188,119
Government National Mortgage Association (GNMA), 2021-14 AB		1.340	%		6/16/63		7,453,649		5,565,296
Government National Mortgage Association (GNMA), 2021-14 IO, IO		1.325	%		6/16/63		15,910,673		1,492,784	(b)
Government National Mortgage Association (GNMA), 2021-21 AH		1.400	%		6/16/63		1,034,825		780,034
Government National Mortgage Association (GNMA), 2021-26 AI, IO		2.000	%		2/20/51		4,513,321		519,121

See Notes to Schedule of Investments.

    50  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2021-29 AG		5.000	%		2/20/51	$	505,096	$	497,434
Government National Mortgage Association (GNMA), 2021-29 TI, IO		2.500	%		2/20/51		23,758,817		4,163,683
Government National Mortgage Association (GNMA), 2021-37, IO, IO		0.805	%		1/16/61		16,225,985		952,610	(b)
Government National Mortgage Association (GNMA), 2021-60 IO, IO		0.826	%		5/16/63		15,761,777		946,069	(b)
Government National Mortgage Association (GNMA), 2021-68 IO, IO		0.871	%		10/16/62		13,540,109		831,780	(b)
Government National Mortgage Association (GNMA), 2021-77 LC, PAC		1.250	%		7/20/50		3,382,491		2,654,901
Government National Mortgage Association (GNMA), 2021-84 ED		1.000	%		7/16/60		1,104,502		796,770
Government National Mortgage Association (GNMA), 2021-108 IO, IO		0.967	%		6/16/61		19,689,889		1,396,755	(b)
Government National Mortgage Association (GNMA), 2021-115 MI, IO, PAC		2.500	%		5/20/51		8,180,240		855,982
Government National Mortgage Association (GNMA), 2021-147 KI		1.144	%		6/16/61		16,988,619		1,410,179	(b)
Government National Mortgage Association (GNMA), 2021-159 JI, IO, PAC		2.500	%		6/20/51		6,790,419		643,805
Government National Mortgage Association (GNMA), 2021-169 IO, IO		1.112	%		6/16/61		17,422,801		1,419,815	(b)
Government National Mortgage Association (GNMA), 2021-188 PA, PAC		2.000	%		10/20/51		5,149,267		4,233,843
Government National Mortgage Association (GNMA), 2021-223 P, PAC-1		2.000	%		6/20/51		20,487,267		17,752,096
Government National Mortgage Association (GNMA), 2022-3 B		1.850	%		2/16/61		7,849,057		3,933,488
Government National Mortgage Association (GNMA), 2022-3 IO, IO		0.640	%		2/16/61		65,556,461		3,223,182	(b)
Government National Mortgage Association (GNMA), 2022-50 NI, IO		3.000	%		9/20/48		2,914,370		434,044
Government National Mortgage Association (GNMA), 2022-55 IO, IO		0.566	%		1/16/63		14,485,810		704,646	(b)
Government National Mortgage Association (GNMA), 2022-59 IO, IO		0.571	%		2/16/62		30,399,642		1,468,965	(b)
Government National Mortgage Association (GNMA), 2022-63 LM		3.500	%		10/20/50		13,286,616		11,075,945

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      51

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
Government National Mortgage Association (GNMA), 2022-99 JW		2.500	%		1/20/52	$	1,000,000	$	801,018
Government National Mortgage Association (GNMA), 2022-139 AL		4.000	%		7/20/51		10,400,000		9,317,086
Government National Mortgage Association (GNMA), 2022-189 PT		2.500	%		10/20/51		13,069,401		10,853,130
Government National Mortgage Association (GNMA), 2022-196 BE		3.000	%		10/16/64		9,200,000		6,774,363	(b)
Government National Mortgage Association (GNMA), 2022-210 IO, IO		0.697	%		7/16/64		8,378,142		524,967	(b)
Government National Mortgage Association (GNMA), 2022-216 IO, IO		0.749	%		7/16/65		7,429,570		479,513	(b)
Government National Mortgage Association (GNMA), 2022-220 E		3.000	%		10/16/64		7,700,000		5,727,979	(b)
Government National Mortgage Association (GNMA), 2023-92 AH		2.000	%		6/16/64		44,253,635		34,224,770
Government National Mortgage Association (GNMA), 2023-92 IA, IO		0.611	%		6/16/64		67,449,995		4,264,297	(b)
Government National Mortgage Association (GNMA), 2023-179 IO, IO		0.611	%		9/16/63		111,965,305		4,585,578	(b)
GS Mortgage Securities Corp. Trust, 2018- RIVR D (1 mo. Term SOFR + 1.631%)		6.956	%		7/15/35		11,033,000		5,136,694	(a)(b)
GS Mortgage Securities Corp. Trust, 2018- SRP5 A (1 mo. Term SOFR + 1.847%)		7.173	%		9/15/31		9,631,274		6,311,391	(a)(b)
GS Mortgage Securities Corp. Trust, 2018- SRP5 B (1 mo. Term SOFR + 3.047%)		8.373	%		9/15/31		28,427,389		7,300,495	(a)(b)
GS Mortgage Securities Trust, 2017-GS8 A4		3.469	%		11/10/50		10,290,000		9,585,582
HarborView Mortgage Loan Trust, 2005-9 2A1B (1 mo. Term SOFR + 0.854%)		6.183	%		6/20/35		2,986,345		2,741,515	(b)
HGI CRE CLO Ltd., 2021-FL1 A (1 mo. Term SOFR + 1.164%)		6.491	%		6/16/36		1,506,009		1,501,369	(a)(b)
IndyMac INDX Mortgage Loan Trust, 2005- AR15 A2		3.995	%		9/25/35		11,877		9,554	(b)
INTOWN Mortgage Trust, 2022-STAY A (1 mo. Term SOFR + 2.489%)		7.814	%		8/15/39		6,000,000		6,040,331	(a)(b)
JPMorgan Chase Commercial Mortgage Securities Trust, 2015-FL7 D (PRIME + 0.693%)		9.193	%		5/15/28		2,186,936		1,904,384	(a)(b)
JPMorgan Chase Commercial Mortgage Securities Trust, 2022-NLP A (1 mo. Term SOFR + 0.597%)		5.922	%		4/15/37		7,322,097		7,003,982	(a)(b)

See Notes to Schedule of Investments.

    52  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
JPMorgan Mortgage Trust, 2018-3 A1		3.500	%		9/25/48	$	4,526,885	$	3,999,594	(a)(b)
JPMorgan Mortgage Trust, 2018-5 A1		3.500	%		10/25/48		4,042,180		3,567,339	(a)(b)
KREF Ltd., 2022-FL3 A (1 mo. Term SOFR + 1.450%)		6.776	%		2/17/39		13,010,000		12,928,687	(a)(b)
Legacy Mortgage Asset Trust, 2021-GS1 A1, Step bond (1.892% to 1/25/24, 4.892% to 1/25/25 then 5.892%)		4.892	%		10/25/66		13,085,291		12,928,097	(a)
Legacy Mortgage Asset Trust, 2021-GS2 A1, Step bond (1.750% to 4/25/24, 4.750% to 4/25/25 then 5.750%)		1.750	%		4/25/61		6,751,451		6,561,891	(a)
MASTR Reperforming Loan Trust, 2005-2 1A1F (1 mo. Term SOFR + 0.464%)		5.794	%		5/25/35		314,645		164,221	(a)(b)
Merrill Lynch Mortgage Investors Trust, 2005-A9 3A1		5.745	%		12/25/35		10,872		5,590	(b)
Merrill Lynch Mortgage Investors Trust, 2006-1 1A		4.666	%		2/25/36		6,295		5,935	(b)
MHC Commercial Mortgage Trust, 2021- MHC A (1 mo. Term SOFR + 0.915%)		6.240	%		4/15/38		9,324,114		9,287,390	(a)(b)
MHC Trust, 2021-MHC2 A (1 mo. Term SOFR + 0.964%)		6.289	%		5/15/38		3,401,454		3,387,517	(a)(b)
Morgan Stanley Bank of America Merrill Lynch Trust, 2017-C34 B		4.111	%		11/15/52		1,260,000		1,111,006	(b)
Morgan Stanley Capital I Trust, 2017-ASHF A (1 mo. Term SOFR + 1.147%)		6.473	%		11/15/34		1,971,021		1,960,083	(a)(b)
Morgan Stanley Capital I Trust, 2019-BPR A (1 mo. Term SOFR + 1.992%)		7.318	%		5/15/36		14,674,370		14,577,283	(a)(b)
Morgan Stanley Capital I Trust, 2019-L2 XA, IO		1.002	%		3/15/52		40,835,680		1,578,123	(b)
Morgan Stanley Mortgage Loan Trust, 2005-3AR 2A2		3.464	%		7/25/35		230,158		198,834	(b)
MSCG Trust, 2015-ALDR A2		3.462	%		6/7/35		6,358,000		5,786,816	(a)(b)
MSWF Commercial Mortgage Trust, 2023-2 A5		6.014	%		12/15/56		17,180,000		18,408,940	(b)
NAAC Reperforming Loan REMIC Certificates Trust, 2004-R3 A1		6.500	%		2/25/35		92,838		77,152	(a)
Natixis Commercial Mortgage Securities Trust, 2019-FAME A		3.047	%		8/15/36		1,800,000		1,595,552	(a)
New Residential Mortgage Loan Trust, 2018-1A A1A		4.000	%		12/25/57		5,854,088		5,564,152	(a)(b)
New Residential Mortgage Loan Trust, 2019-3A A1A		3.750	%		11/25/58		8,015,473		7,535,053	(a)(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      53

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
New Residential Mortgage Loan Trust, 2019-RPL3 A1		2.750	%		7/25/59	$	20,525,749	$	19,357,867	(a)(b)
New Residential Mortgage Loan Trust, 2021-NQM3 A1		1.156	%		11/27/56		9,343,518		7,882,306	(a)(b)
New Residential Mortgage Loan Trust, 2022-NQM3 A1, Step bond (3.900% to 5/25/26 then 4.990%)		3.900	%		4/25/62		14,561,137		13,548,107	(a)
NJ Trust, 2023-GSP A		6.481	%		1/6/29		13,030,000		13,633,284	(a)(b)
Nomura Asset Acceptance Corp. Alternative Loan Trust, 2005-AP2 A5		5.476	%		5/25/35		46,381		23,963
NYMT Loan Trust, 2022-CP1 A1		2.042	%		7/25/61		12,777,502		11,645,490	(a)
OBX Trust, 2021-NQM3 A3		1.362	%		7/25/61		6,916,910		5,392,447	(a)(b)
OBX Trust, 2022-NQM1 A1		2.305	%		11/25/61		15,769,941		13,597,121	(a)(b)
OBX Trust, 2023-NQM7 A1		6.844	%		4/25/63		19,440,914		19,674,815	(a)
OPG Trust, 2021-PORT A (1 mo. Term SOFR + 0.598%)		5.924	%		10/15/36		14,608,856		14,426,862	(a)(b)
Prime Mortgage Trust, 2006-DR1 2A2		6.000	%		5/25/35		9,713,911		8,269,833	(a)
PRKCM Trust, 2021-AFC1 A1		1.510	%		8/25/56		7,790,146		6,264,869	(a)(b)
PRKCM Trust, 2021-AFC2 A1		2.071	%		11/25/56		10,161,727		8,653,544	(a)(b)
SBALR Commercial Mortgage Trust, 2020-RR1 A3		2.825	%		2/13/53		20,693,892		17,051,548	(a)
Seasoned Credit Risk Transfer Trust Series, 2024-1 MT		3.000	%		11/25/63		6,283,918		5,253,945
SG Residential Mortgage Trust, 2022-1 A1		3.166	%		3/27/62		8,437,230		7,692,557	(a)(b)
SG Residential Mortgage Trust, 2022-2 A1		5.353	%		8/25/62		28,136,293		27,978,893	(a)
SHOW Trust, 2022 BIZ A (1 mo. Term SOFR + 2.984%)		8.302	%		1/15/27		11,250,000		10,512,100	(a)(b)
SMRT, 2022-MINI A (1 mo. Term SOFR + 1.000%)		6.326	%		1/15/39		20,410,000		20,298,578	(a)(b)
Soho Trust, 2021-SOHO		2.697	%		8/10/38		34,000,000		22,904,641	(a)(b)
A STWD Ltd., 2022-FL3 A (30 Day Average SOFR + 1.350%)		6.669	%		11/15/38		3,850,000		3,785,828	(a)(b)
Towd Point Mortgage Trust, 2022-4 A1		3.750	%		9/25/62		13,973,133		13,023,976	(a)
UBS Commercial Mortgage Trust, 2018-C11 B		4.713	%		6/15/51		1,430,000		1,248,378	(b)
UBS Commercial Mortgage Trust, 2018-C15 C		5.140	%		12/15/51		2,960,000		2,659,964	(b)
VLS Commercial Mortgage Trust, 2020-LAB A		2.130	%		10/10/42		36,680,000		29,767,012	(a)

See Notes to Schedule of Investments.

    54  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(h) - (continued)
VLS Commercial Mortgage Trust, 2020-LAB B		2.453	%		10/10/42	$	2,250,000	$	1,818,542	(a)
WaMu Mortgage Pass-Through Certificates Trust, 2003-AR9 1A7		5.688	%		9/25/33		4,607		4,253	(b)
WaMu Mortgage Pass-Through Certificates Trust, 2007-HY4 4A1		4.314	%		9/25/36		51,964		44,796	(b)
Wells Fargo Commercial Mortgage Trust, 2014-LC18 B		3.959	%		12/15/47		2,066,000		2,013,721
Wells Fargo Commercial Mortgage Trust, 2015-NXS1 XA, IO		1.056	%		5/15/48		27,023,280		144,204	(b)
Wells Fargo Commercial Mortgage Trust, 2019-C49 B		4.546	%		3/15/52		7,160,000		6,741,171
Wells Fargo Commercial Mortgage Trust, 2021-C60 XA, IO		1.529	%		8/15/54		97,265,517		7,284,672	(b)
Wells Fargo Commercial Mortgage Trust, 2022-JS2 A		3.084	%		12/15/39		7,480,000		6,309,493	(a)
WFRBS Commercial Mortgage Trust, 2014-C21 B		4.213	%		8/15/47		4,621,000		4,386,258	(b)
WFRBS Commercial Mortgage Trust, 2014-C21 XA, IO		0.972	%		8/15/47		18,520,138		10,260	(b)
WFRBS Commercial Mortgage Trust, 2014-C24 AS		3.931	%		11/15/47		2,611,000		2,506,022
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost - $1,929,547,599)									1,793,372,872
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 12.3%
U.S. Government Agencies - 0.2%
Federal National Mortgage Association (FNMA), Notes		6.625	%		11/15/30		18,010,000		20,338,043
U.S. Government Obligations - 12.1%
U.S. Treasury Bonds		1.125	%		8/15/40		17,600,000		10,900,312
U.S. Treasury Bonds		2.250	%		5/15/41		15,410,000		11,391,361
U.S. Treasury Bonds		3.250	%		5/15/42		350,000		297,623
U.S. Treasury Bonds		3.375	%		8/15/42		125,000,000		108,010,254
U.S. Treasury Bonds		4.000	%		11/15/42		120,180,000		113,241,482	(e)(i)
U.S. Treasury Bonds		3.875	%		2/15/43		66,470,000		61,466,574
U.S. Treasury Bonds		3.875	%		5/15/43		28,060,000		25,906,176
U.S. Treasury Bonds		4.375	%		8/15/43		67,775,000		66,991,352
U.S. Treasury Bonds		4.750	%		11/15/43		126,660,000		131,429,541
U.S. Treasury Bonds		3.625	%		2/15/44		51,890,000		46,060,483	(i)
U.S. Treasury Bonds		4.500	%		2/15/44		4,390,000		4,415,380	(f)
U.S. Treasury Bonds		3.375	%		5/15/44		4,670,000		3,986,648

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      55

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
U.S. Government Obligations - (continued)
U.S. Treasury Bonds		3.125	%		8/15/44	$	6,050,000	$	4,956,864
U.S. Treasury Bonds		2.875	%		8/15/45		108,520,000		84,514,189	(i)
U.S. Treasury Bonds		3.000	%		2/15/48		26,670,000		20,869,275
U.S. Treasury Bonds		3.000	%		2/15/49		38,220,000		29,810,854
U.S. Treasury Bonds		1.375	%		8/15/50		14,705,000		7,770,099
U.S. Treasury Bonds		1.625	%		11/15/50		177,590,000		100,366,098
U.S. Treasury Bonds		1.875	%		2/15/51		253,550,000		152,823,302
U.S. Treasury Bonds		2.375	%		5/15/51		26,160,000		17,767,341
U.S. Treasury Bonds		4.000	%		11/15/52		78,910,000		74,215,471
U.S. Treasury Bonds		3.625	%		2/15/53		38,338,000		33,674,542
U.S. Treasury Bonds		3.625	%		5/15/53		146,230,000		128,519,605
U.S. Treasury Bonds		4.125	%		8/15/53		108,720,000		104,524,087	(i)
U.S. Treasury Bonds		4.750	%		11/15/53		203,520,000		217,305,301
U.S. Treasury Bonds		4.250	%		2/15/54		36,550,000		35,953,207
U.S. Treasury Notes		4.625	%		9/15/26		110,000		110,258
U.S. Treasury Notes		4.250	%		2/28/29		8,930,000		8,943,255
U.S. Treasury Notes		4.250	%		2/28/31		24,690,000		24,738,222
U.S. Treasury Notes		3.375	%		5/15/33		4,680,000		4,385,032
U.S. Treasury Notes		3.875	%		8/15/33		3,000,000		2,921,016
U.S. Treasury Notes		4.500	%		11/15/33		9,670,000		9,886,820
U.S. Treasury Notes		4.000	%		2/15/34		9,990,000		9,826,102
Total U.S. Government Obligations									1,657,978,126
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost - $1,905,816,684)									1,678,316,169
ASSET-BACKED SECURITIES - 8.2%
522 Funding CLO Ltd., 2020-6A A1R (3 mo. Term SOFR + 1.412%)		6.727	%		10/23/34		21,870,000		21,870,831	(a)(b)
AIMCO CLO, 2017-AA AR (3 mo. Term SOFR + 1.312%)		6.629	%		4/20/34		400,000		399,802	(a)(b)
AIMCO CLO Ltd., 2024-22A A (3 mo. Term SOFR + 1.500%)		6.798	%		4/19/37		7,990,000		7,990,000	(a)(b)(f)
AMMC CLO Ltd., 2012-11A A1R2 (3 mo. Term SOFR + 1.272%)		6.589	%		4/30/31		1,092,797		1,094,959	(a)(b)
Amortizing Residential Collateral Trust, 2002-BC5 M1 (1 mo. Term SOFR + 1.149%)		6.479	%		7/25/32		28,665		29,276	(b)
Apidos CLO, 2021-35A A (3 mo. Term SOFR + 1.312%)		6.629	%		4/20/34		4,300,000		4,296,775	(a)(b)
Aqua Finance Trust, 2021-A A		1.540	%		7/17/46		6,775,177		6,061,901	(a)
Arbys Funding LLC, 2020-1A A2		3.237	%		7/30/50		868,500		804,411	(a)

See Notes to Schedule of Investments.

    56  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
Ares CLO Ltd., 2022-63A A1A (3 mo. Term SOFR + 1.380%)		6.698	%		4/20/35	$	9,450,000	$	9,443,379	(a)(b)
Ares Loan Funding Ltd., 2023-ALF4A A1 (3 mo. Term SOFR + 1.750%)		7.097	%		10/15/36		16,150,000		16,222,679	(a)(b)
Argent Securities Trust, 2006-W4 A2B (1 mo. Term SOFR + 0.334%)		5.664	%		5/25/36		92,314		22,662	(b)
Atrium, 9A AR2 (3 mo. Term SOFR + 1.252%)		6.589	%		5/28/30		1,051,723		1,052,242	(a)(b)
Avis Budget Rental Car Funding AESOP LLC, 2023-1A A		5.250	%		4/20/29		11,401,000		11,413,933	(a)
Balboa Bay Loan Funding Ltd., 2021-2A A1 (3 mo. Term SOFR + 1.432%)		6.749	%		1/20/35		10,520,000		10,488,126	(a)(b)
Barings Private Credit Corp. CLO Ltd., 2023-1A A1 (3 mo. Term SOFR + 2.400%)		7.714	%		7/15/31		4,574,844		4,597,245	(a)(b)
Battery Park CLO Ltd., 2022-1A A1 (3 mo. Term SOFR + 2.210%)		7.528	%		10/20/35		17,010,000		17,124,820	(a)(b)
BCRED MML CLO LLC, 2021-1A A (3 mo. Term SOFR + 1.742%)		7.056	%		1/15/35		14,260,000		14,250,604	(a)(b)
BCRED MML CLO LLC, 2022-1A A1 (3 mo. Term SOFR + 1.650%)		6.968	%		4/20/35		7,970,000		7,974,552	(a)(b)
Birch Grove CLO Ltd., 2023-6A A1 (3 mo. Term SOFR + 2.200%)		7.518	%		7/20/35		15,040,000		15,172,519	(a)(b)
Birch Grove CLO Ltd., 2023-7A A1 (3 mo. Term SOFR + 1.800%)		7.177	%		10/20/36		13,310,000		13,393,340	(a)(b)
Birch Grove CLO Ltd., 2024-8A A1 (3 mo. Term SOFR + 1.630%)		6.928	%		4/20/37		7,250,000		7,249,859	(a)(b)
Blackbird Capital II Aircraft Lease Ltd., 2021-1A A		2.443	%		7/15/46		10,376,272		9,148,229	(a)
BlueMountain CLO Ltd., 2021-28A A (3 mo. Term SOFR + 1.522%)		6.836	%		4/15/34		10,470,000		10,481,415	(a)(b)
BlueMountain CLO Ltd., 2021-31A A1 (3 mo. Term SOFR + 1.412%)		6.721	%		4/19/34		830,000		828,339	(a)(b)
Brightwood Capital MM CLO Ltd., 2023-1A A1A (3 mo. Term SOFR + 2.750%)		8.111	%		10/15/35		4,610,000		4,663,789	(a)(b)
Canyon CLO Ltd., 2020-1A AR (3 mo. Term SOFR + 1.442%)		6.756	%		7/15/34		4,530,000		4,536,059	(a)(b)
Carlyle Global Market Strategies CLO Ltd., 2014-3RA A1A (3 mo. Term SOFR + 1.312%)		6.631	%		7/27/31		7,274,717		7,277,023	(a)(b)
Catskill Park CLO Ltd., 2017-1A A2 (3 mo. Term SOFR + 1.962%)		7.279	%		4/20/29		6,105,000		6,125,889	(a)(b)
Cayuga Park CLO Ltd., 2020-1A AR (3 mo. Term SOFR + 1.382%)		6.698	%		7/17/34		24,240,000		24,268,933	(a)(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      57

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
CBAM Ltd., 2017-1A A1 (3 mo. Term SOFR + 1.512%)		6.829	%		7/20/30	$	624,440	$	625,729	(a)(b)
Cedar Funding CLO Ltd., 2016-5A AFRR		1.937	%		7/17/31		6,394,953		6,059,017	(a)
CIFC Funding Ltd., 2015-4A A1A2 (3 mo. Term SOFR + 1.332%)		6.649	%		4/20/34		3,100,000		3,106,414	(a)(b)
CIFC Funding Ltd., 2021-1A A1 (3 mo. Term SOFR + 1.372%)		6.696	%		4/25/33		4,275,000		4,284,665	(a)(b)
College Ave Student Loans LLC, 2019-A A1 (1 mo. Term SOFR + 1.514%)		6.844	%		12/28/48		5,881,555		5,869,509	(a)(b)
College Ave Student Loans LLC, 2021-C C		3.060	%		7/26/55		3,064,972		2,681,655	(a)
Commonbond Student Loan Trust, 2020-1 A		1.690	%		10/25/51		4,354,791		3,850,029	(a)
Credit-Based Asset Servicing & Securitization LLC, 1999-3 A		0.000	%		2/3/29		617		478	(a)(b)
Dividend Solar Loans LLC, 2019-1 A		3.670	%		8/22/39		5,368,263		4,828,845	(a)
Dryden CLO Ltd., 2021-87A A1 (3 mo. Term SOFR + 1.362%)		6.681	%		5/20/34		17,280,000		17,297,280	(a)(b)
ECMC Group Student Loan Trust, 2020-2A A (30 Day Average SOFR + 1.264%)		6.585	%		11/25/69		3,257,495		3,258,625	(a)(b)
ELFI Graduate Loan Program LLC, 2023-A A		6.370	%		2/4/48		13,261,596		13,555,174	(a)
Elmwood CLO Ltd., 2019-1A A1RR (3 mo. Term SOFR + 1.520%)		6.831	%		4/20/37		17,600,000		17,666,081	(a)(b)
Elmwood CLO Ltd., 2020-1A A (3 mo. Term SOFR + 1.502%)		6.816	%		4/15/33		5,110,000		5,121,458	(a)(b)
Empower CLO Ltd., 2023-2A A1 (3 mo. Term SOFR + 2.200%)		7.514	%		7/15/36		10,100,000		10,225,900	(a)(b)
Empower CLO Ltd., 2024-1A A1 (3 mo. Term SOFR + 1.600%)		6.911	%		4/25/37		7,500,000		7,499,467	(a)(b)
Federal Home Loan Mortgage Corp. (FHLMC) Structured Pass-Through Certificates FRESR, 2017-SR01 A3		3.089	%		11/25/27		307,635		289,983
Ford Credit Auto Owner Trust, 2023-1 A		4.850	%		8/15/35		9,680,000		9,636,824	(a)
Ford Credit Floorplan Master Owner Trust, 2018-4 A		4.060	%		11/15/30		21,335,000		20,569,991
Ford Credit Floorplan Master Owner Trust, 2023-1 A1		4.920	%		5/15/28		10,320,000		10,279,265	(a)
Fortress Credit BSL Ltd., 2019-1A A2 (3 mo. Term SOFR + 2.262%)		7.577	%		7/23/32		6,717,000		6,729,102	(a)(b)
GoldenTree Loan Management US CLO Ltd., 2019-4A ARR (3 mo. Term SOFR + 1.150%)		6.477	%		4/24/31		15,610,000		15,622,722	(a)(b)
GoldenTree Loan Management US CLO Ltd., 2021-10A A (3 mo. Term SOFR + 1.362%)		6.679	%		7/20/34		6,590,000		6,589,011	(a)(b)

See Notes to Schedule of Investments.

    58  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
Golub Capital Partners CLO Ltd., 2015-25A AR (3 mo. Term SOFR + 1.642%)		6.914	%		5/5/30	$	5,868,226	$	5,882,896	(a)(b)
Golub Capital Partners CLO Ltd., 2019-41A AR (3 mo. Term SOFR + 1.582%)		6.899	%		1/20/34		6,170,000		6,182,805	(a)(b)
Golub Capital Partners CLO Ltd., 2019-45A A (3 mo. Term SOFR + 1.982%)		7.299	%		10/20/31		9,687,237		9,670,290	(a)(b)
Golub Capital Partners CLO Ltd., 2020-47A C1 (3 mo. Term SOFR + 3.512%)		8.784	%		5/5/32		1,250,000		1,250,319	(a)(b)
Golub Capital Partners CLO Ltd., 2021-57A A1 (3 mo. Term SOFR + 1.752%)		7.076	%		10/25/34		11,580,000		11,585,615	(a)(b)
Golub Capital Partners CLO Ltd., 2023-66A A (3 mo. Term SOFR + 1.950%)		7.275	%		4/25/36		4,440,000		4,473,985	(a)(b)
Goodgreen Trust, 2017-2A A		3.260	%		10/15/53		631,609		565,275	(a)
Goodgreen Trust, 2019-2A A		2.760	%		4/15/55		3,649,952		3,089,248	(a)
Great Lakes Kcap F3c Senior LLC, 2017-1A A (3 mo. Term SOFR + 2.162%)		7.494	%		12/20/29		2,071,668		2,079,132	(a)(b)
Greywolf CLO Ltd., 2015-1A A1R (3 mo. Term SOFR + 1.422%)		6.746	%		1/27/31		11,814,067		11,811,853	(a)(b)
Grippen Park CLO Ltd., 2017-1A A (3 mo. Term SOFR + 1.522%)		6.839	%		1/20/30		2,309,306		2,315,429	(a)(b)
Halsey Point CLO Ltd., 2020-3A A1A (3 mo. Term SOFR + 1.712%)		7.029	%		11/30/32		4,900,000		4,901,063	(a)(b)
Hertz Vehicle Financing LLC, 2022-2A C		2.950	%		6/26/28		5,200,000		4,743,182	(a)
Hildene Community Funding CDO Ltd., 2015-1A ARR		2.600	%		11/1/35		21,679,444		17,951,519	(a)
Jack in the Box Funding LLC, 2022-1A A2I		3.445	%		2/26/52		14,044,800		13,041,659	(a)
JGWPT LLC, 2015-1A B		4.250	%		9/17/74		995,827		869,321	(a)
Kings Park CLO Ltd., 2021-1A A (3 mo. Term SOFR + 1.392%)		6.709	%		1/21/35		6,660,000		6,666,660	(a)(b)
KKR CLO Ltd., 20 A (3 mo. Term SOFR + 1.392%)		6.706	%		10/16/30		4,331,471		4,334,138	(a)(b)
KKR CLO Ltd., 32A A1 (3 mo. Term SOFR + 1.582%)		6.896	%		1/15/32		2,230,000		2,234,373	(a)(b)
Loanpal Solar Loan Ltd., 2020-3GS A		2.470	%		12/20/47		7,535,618		5,848,906	(a)
Loanpal Solar Loan Ltd., 2021-1GS A		2.290	%		1/20/48		5,003,865		4,026,030	(a)
Logan CLO Ltd., 2021-1A A (3 mo. Term SOFR + 1.422%)		6.739	%		7/20/34		4,000,000		3,998,125	(a)(b)
Long Beach Mortgage Loan Trust, 2000-1 AV1 (1 mo. Term SOFR + 0.634%)		5.963	%		1/21/31		4,181		4,161	(b)
Madison Park Funding Ltd., 2019-37A AR (3 mo. Term SOFR + 1.332%)		6.646	%		7/15/33		3,275,000		3,272,129	(a)(b)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      59

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
Magnetite Ltd., 2015-14RA A1 (3 mo. Term SOFR + 1.382%)		6.680	%		10/18/31	$	2,125,736	$	2,127,012	(a)(b)
Magnetite Ltd., 2015-14RA A2 (3 mo. Term SOFR + 1.382%)		6.680	%		10/18/31		6,327,541		6,338,026	(a)(b)
Magnetite Ltd., 2016-17A AR (3 mo. Term SOFR + 1.362%)		6.679	%		7/20/31		4,383,900		4,384,874	(a)(b)
MAPS Trust, 2021-1A A		2.521	%		6/15/46		5,173,013		4,613,173	(a)
Midocean Credit CLO, 2017-7A BR (3 mo. Term SOFR + 1.862%)		7.176	%		7/15/29		4,000,000		4,012,318	(a)(b)
MMAF Equipment Finance LLC, 2024-A A4		5.100	%		7/13/49		7,140,000		7,158,398	(a)
Mosaic Solar Loans LLC, 2024-1A A		5.500	%		9/20/49		3,319,833		3,320,006	(a)
Myers Park CLO Ltd., 2018-1A B1 (3 mo. Term SOFR + 1.862%)		7.179	%		10/20/30		6,090,000		6,106,983	(a)(b)
Navient Private Education Loan Trust, 2020-A A2B (1 mo. Term SOFR + 1.014%)		6.340	%		11/15/68		330,205		328,421	(a)(b)
Navient Private Education Refi Loan Trust, 2020-BA A2		2.120	%		1/15/69		1,472,635		1,354,045	(a)
Navient Student Loan Trust, 2017-3A A3 (30 Day Average SOFR + 1.164%)		6.485	%		7/26/66		8,317,587		8,353,441	(a)(b)
Navient Student Loan Trust, 2023-BA A1B (30 Day Average SOFR + 1.700%)		7.019	%		3/15/72		3,047,658		3,076,421	(a)(b)
Nelnet Student Loan Trust, 2007-1 A4 (90 Day Average SOFR + 0.372%)		5.730	%		8/27/36		12,342,854		12,051,245	(b)
Nelnet Student Loan Trust, 2015-2A A2 (30 Day Average SOFR + 0.714%)		6.035	%		9/25/42		2,632,724		2,591,513	(a)(b)
Nelnet Student Loan Trust, 2021-A A2 (1 mo. Term SOFR + 1.144%)		6.473	%		4/20/62		12,321,000		12,216,567	(a)(b)
Neuberger Berman Loan Advisers CLO Ltd., 2018-29A A1 (3 mo. Term SOFR + 1.392%)		6.701	%		10/19/31		3,022,739		3,029,526	(a)(b)
Oaktree CLO Ltd., 2022-3A A2 (3 mo. Term SOFR + 2.300%)		7.614	%		7/15/35		2,300,000		2,305,527	(a)(b)
Oaktree CLO Ltd., 2024-25A A (3 mo. Term SOFR + 1.550%)		6.854	%		4/20/37		9,230,000		9,227,927	(a)(b)
Ocean Trails CLO, 2020-10A AR (3 mo. Term SOFR + 1.482%)		6.796	%		10/15/34		11,745,000		11,740,352	(a)(b)
Ocean Trails CLO Ltd., 2023-14A A1 (3 mo. Term SOFR + 2.000%)		7.318	%		1/20/35		6,500,000		6,519,747	(a)(b)
Octagon Ltd., 2022-1A A1R (3 mo. Term SOFR + 1.750%)		7.076	%		11/16/36		37,000,000		37,260,387	(a)(b)
Octagon Investment Partners Ltd., 2014-1A AAR3 (3 mo. Term SOFR + 1.262%)		6.568	%		2/14/31		10,000,000		10,022,961	(a)(b)

See Notes to Schedule of Investments.

    60  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
Octagon Investment Partners Ltd., 2018-1A A1A (3 mo. Term SOFR + 1.322%)		6.639	%		1/20/31	$	11,321,131	$	11,326,980	(a)(b)
OHA Credit Funding Ltd., 2020-7A AR (3 mo. Term SOFR + 1.300%)		6.610	%		2/24/37		16,090,000		16,073,910	(a)(b)
OHA Credit Partners, 2021-16A A (3 mo. Term SOFR + 1.412%)		6.710	%		10/18/34		2,870,000		2,871,578	(a)(b)
OHA Loan Funding Ltd., 2013-2A AR (3 mo. Term SOFR + 1.302%)		6.624	%		5/23/31		5,239,892		5,242,774	(a)(b)
Owl Rock CLO Ltd., 2020-3A AR (3 mo. Term SOFR + 1.850%)		7.148	%		4/20/36		8,200,000		8,200,000	(a)(b)(f)
Owl Rock CLO Ltd., 2020-3A A1L (3 mo. Term SOFR + 2.062%)		7.379	%		4/20/32		13,250,000		13,250,000	(a)(b)
Palmer Square CLO Ltd., 2019-1A A1R (3 mo. Term SOFR + 1.412%)		6.718	%		11/14/34		17,020,000		17,042,497	(a)(b)
Palmer Square CLO Ltd., 2022-5A A (3 mo. Term SOFR + 2.000%)		7.318	%		10/20/35		6,650,000		6,673,866	(a)(b)
PEAR LLC, 2021-1 A		2.600	%		1/15/34		550,621		532,122	(a)
Point Au Roche Park CLO Ltd., 2021-1A A (3 mo. Term SOFR + 1.342%)		6.659	%		7/20/34		26,070,000		26,116,630	(a)(b)
Rad CLO Ltd., 2023-22A A1 (3 mo. Term SOFR + 1.830%)		7.202	%		1/20/37		26,700,000		26,901,782	(a)(b)
RCKT Mortgage Trust, 2024-CES1 A1A		6.025	%		2/25/44		15,938,182		15,932,707	(a)(b)
Reese Park CLO Ltd., 2020-1A AR (3 mo. Term SOFR + 1.392%)		6.706	%		10/15/34		26,300,000		26,289,589	(a)(b)
Renew, 2023-1A A		5.900	%		11/20/58		1,891,816		1,860,272	(a)
Shackleton CLO Ltd., 2013-3A AR (3 mo. Term SOFR + 1.382%)		6.696	%		7/15/30		453,340		454,266	(a)(b)
Silver Rock CLO Ltd., 2020-1A AR (3 mo. Term SOFR + 1.780%)		1.833	%		10/20/33		12,600,000		12,641,293	(a)(b)
SLM Private Education Loan Trust, 2010-C A5 (1 mo. Term SOFR + 4.864%)		10.190	%		10/15/41		6,424,608		6,906,402	(a)(b)
SMB Private Education Loan Trust, 2020-PTA B		2.500	%		9/15/54		10,000,000		8,163,268	(a)
SMB Private Education Loan Trust, 2021-A A2B		1.590	%		1/15/53		8,559,371		7,652,103	(a)
SMB Private Education Loan Trust, 2021-A B		2.310	%		1/15/53		14,580,338		13,616,349	(a)
SMB Private Education Loan Trust, 2021-B A		1.310	%		7/17/51		706,272		640,917	(a)
SMB Private Education Loan Trust, 2021-C A2 (1 mo. Term SOFR + 0.914%)		6.240	%		1/15/53		2,761,151		2,737,363	(a)(b)
SMB Private Education Loan Trust, 2021-C C		3.000	%		1/15/53		12,005,960		10,140,814	(a)

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      61

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
Sound Point CLO Ltd., 2018-2A A (3 mo. Term SOFR + 1.362%)		6.686	%		7/26/31	$	621,602	$	624,497	(a)(b)
SpringCastle America Funding LLC, 2020-AA A		1.970	%		9/25/37		827,060		767,978	(a)
Structured Asset Investment Loan Trust, 2004-1 A3 (1 mo. Term SOFR + 0.914%)		6.244	%		2/25/34		1,834,103		1,807,494	(b)
Sunrun Atlas Issuer LLC, 2019-2 A		3.610	%		2/1/55		3,501,708		3,206,320	(a)
Symphony CLO Ltd., 2023-40A A1 (3 mo. Term SOFR + 1.640%)		6.984	%		1/14/34		25,430,000		25,547,664	(a)(b)
THL Credit Lake Shore MM CLO Ltd., 2019-1A A1R (3 mo. Term SOFR + 1.962%)		7.276	%		4/15/33		6,500,000		6,505,327	(a)(b)
Thrust Engine Leasing, 2021-1A A		4.163	%		7/15/40		9,101,839		8,433,400	(a)
TIF Funding LLC, 2021-1A A		1.650	%		2/20/46		3,571,538		3,107,045	(a)
Trinitas CLO Ltd., 2023-25A A1 (3 mo. Term SOFR + 1.850%)		7.181	%		1/23/37		8,430,000		8,500,877	(a)(b)
United States Small Business Administration, 2019-20D 1		2.980	%		4/1/39		1,267,695		1,151,264
United States Small Business Administration, 2019-25G 1		2.690	%		7/1/44		2,538,505		2,216,526
US Bank NA, 2023-1 B		6.789	%		8/25/32		13,051,810		13,132,132	(a)
Venture CLO Ltd., 2021-41A A1N (3 mo. Term SOFR + 1.592%)		6.909	%		1/20/34		13,000,000		12,996,750	(a)(b)
Voya CLO Ltd., 2016-3A A1R (3 mo. Term SOFR + 1.452%)		6.750	%		10/18/31		5,745,496		5,755,823	(a)(b)
Voya CLO Ltd., 2017-3A A1R (3 mo. Term SOFR + 1.302%)		6.619	%		4/20/34		4,150,000		4,147,646	(a)(b)
Voya CLO Ltd., 2018-3A A1A (3 mo. Term SOFR + 1.412%)		6.726	%		10/15/31		6,251,101		6,257,352	(a)(b)
Wachovia Student Loan Trust, 2006-1 A6 (90 Day Average SOFR + 0.432%)		5.792	%		4/25/40		799,680		780,849	(a)(b)
Whitebox CLO Ltd., 2019-1A ANAR (3 mo. Term SOFR + 1.392%)		6.710	%		7/24/32		10,800,000		10,823,879	(a)(b)
Whitebox CLO Ltd., 2020-2A A1R (3 mo. Term SOFR + 1.482%)		6.800	%		10/24/34		13,740,000		13,750,305	(a)(b)
Whitebox CLO Ltd., 2021-3A A1 (3 mo. Term SOFR + 1.482%)		6.796	%		10/15/34		17,000,000		17,036,279	(a)(b)
Whitebox CLO Ltd., 2023-4A A1 (3 mo. Term SOFR + 2.150%)		7.468	%		4/20/36		10,240,000		10,356,188	(a)(b)

See Notes to Schedule of Investments.

    62  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
ASSET-BACKED SECURITIES - (continued)
WISE CLO Ltd., 2023-2A A (3 mo. Term SOFR + 1.800%)		7.161	%		1/15/37	$	7,650,000	$	7,714,191	(a)(b)
Woodmont Trust, 2023-12A A1A (3 mo. Term SOFR + 2.500%)		7.825	%		7/25/31		15,821,068		15,879,970	(a)(b)
TOTAL ASSET-BACKED SECURITIES (Cost - $1,141,247,505)									1,124,635,036
SOVEREIGN BONDS - 1.8%
Chile - 0.0%††
Chile Government International Bond, Senior Notes		3.100	%		1/22/61		5,470,000		3,464,060
Colombia - 0.5%
Colombia Government International Bond, Senior Notes		3.125	%		4/15/31		9,470,000		7,589,468
Colombia Government International Bond, Senior Notes		3.250	%		4/22/32		26,450,000		20,662,090
Colombia Government International Bond, Senior Notes		4.125	%		2/22/42		15,000,000		10,177,738
Colombia Government International Bond, Senior Notes		5.625	%		2/26/44		444,000		353,206
Colombia Government International Bond, Senior Notes		5.000	%		6/15/45		33,689,000		24,526,276
Colombia Government International Bond, Senior Notes		5.200	%		5/15/49		512,000		377,416
Total Colombia									63,686,194
India - 0.0%††
Export-Import Bank of India, Senior Notes		3.375	%		8/5/26		7,299,000		6,988,766	(a)
Israel - 0.3%
Israel Government International Bond, Senior Notes		2.750	%		7/3/30		26,280,000		22,681,821
Israel Government International Bond, Senior Notes		4.500	%		4/3/2120		11,700,000		8,762,481
State of Israel, Senior Notes		3.375	%		1/15/50		5,060,000		3,412,338
State of Israel, Senior Notes		3.800	%		5/13/60		3,000,000		2,076,512	(d)
Total Israel									36,933,152
Kazakhstan - 0.2%
Kazakhstan Government International Bond, Senior Notes		4.875	%		10/14/44		24,162,000		23,074,710	(a)
Mexico - 0.7%
Mexico Government International Bond, Senior Notes		2.659	%		5/24/31		8,882,000		7,431,658

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      63

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Mexico - (continued)
Mexico Government International Bond, Senior Notes		6.050	%		1/11/40	$	100,000	$	99,077
Mexico Government International Bond, Senior Notes		4.750	%		3/8/44		39,164,000		32,734,001
Mexico Government International Bond, Senior Notes		4.600	%		1/23/46		17,344,000		13,995,503
Mexico Government International Bond, Senior Notes		4.350	%		1/15/47		3,860,000		3,016,475
Mexico Government International Bond, Senior Notes		4.400	%		2/12/52		50,900,000		39,010,671
Total Mexico									96,287,385
Peru - 0.1%
Peruvian Government International Bond, Senior Notes		5.625	%		11/18/50		1,578,000		1,575,396
Peruvian Government International Bond, Senior Notes		3.550	%		3/10/51		410,000		297,763
Peruvian Government International Bond, Senior Notes		2.780	%		12/1/60		7,320,000		4,238,280
Peruvian Government International Bond, Senior Notes		3.600	%		1/15/72		11,580,000		7,703,595
Total Peru									13,815,034
Uruguay - 0.0%††
Uruguay Government International Bond, Senior Notes		7.625	%		3/21/36		3,150,000		3,812,895
TOTAL SOVEREIGN BONDS (Cost - $300,527,695)									248,062,196
U.S. TREASURY INFLATION PROTECTED SECURITIES - 0.8%
U.S. Treasury Bonds, Inflation Indexed		1.500	%		2/15/53		1,909,092		1,668,555
U.S. Treasury Notes, Inflation Indexed		1.125	%		1/15/33		108,426,041		101,744,412
TOTAL U.S. TREASURY INFLATION PROTECTED SECURITIES (Cost - $109,350,029)									103,412,967
	EXPIRATION DATE			CONTRACTS		NOTIONAL AMOUNT
PURCHASED OPTIONS - 0.0%††
EXCHANGE-TRADED PURCHASED OPTIONS - 0.0%††
3-Month SOFR Futures, Put @ $94.750		4/12/24			5,709	$	14,272,500		71,363
3-Month SOFR Futures, Put @ $95.500		12/13/24			3,431		8,577,500		2,830,575

See Notes to Schedule of Investments.

    64  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	EXPIRATION DATE			CONTRACTS		NOTIONAL AMOUNT		VALUE
EXCHANGE-TRADED PURCHASED OPTIONS - (continued)
U.S. Treasury 2-Year Notes Futures, Call @ $103.500		5/24/24			435	$	870,000	$	33,985
U.S. Treasury 5-Year Notes Futures, Put @ $106.500		4/26/24			1,759		1,759,000		467,234
TOTAL PURCHASED OPTIONS (Cost - $5,363,667)									3,403,157
	RATE			MATURITY DATE		FACE AMOUNT
MUNICIPAL BONDS - 0.0%††
Illinois - 0.0%††
Chicago, IL, GO, Taxable Project, Series B, Refunding		6.314	%		1/1/44	$	3,000		2,982
Ohio - 0.0%††
American Municipal Power-Ohio Inc., OH, Revenue, Series B, Taxable-combined Hydroelectric Projects Build America Bonds		7.834	%		2/15/41		134,000		164,172
TOTAL MUNICIPAL BONDS (Cost - $183,064)									167,154
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $14,891,305,816)									13,710,398,993
						SHARES
SHORT-TERM INVESTMENTS - 1.2%
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $172,078,240)		5.271	%				172,078,240		172,078,240	(j)(k)
TOTAL INVESTMENTS - 101.4% (Cost - $15,063,384,056)									13,882,477,233
Liabilities in Excess of Other Assets - (1.4)%									(194,041,535	)
TOTAL NET ASSETS - 100.0%								$	13,688,435,698

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      65

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

†† Represents less than 0.1%.

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(b) Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(c) Security has no maturity date. The date shown represents the next call date.

(d) Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(e) All or a portion of this security is held at the broker as collateral for open centrally cleared swap contracts.

(f) Securities traded on a when-issued or delayed delivery basis.

(g) This security is traded on a to-be-announced (“TBA”) basis. At March 31, 2024, the Fund held TBA securities with a total cost of $252,088,785.

(h) Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit.

(i) All or a portion of this security is held at the broker as collateral for open futures contracts and exchange-traded options.

(j) Rate shown is one-day yield as of the end of the reporting period.

(k) In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At March 31, 2024, the total market value of investments in Affiliated Companies was $172,078,240 and the cost was $172,078,240 (Note 2).

See Notes to Schedule of Investments.

    66  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

Abbreviation(s) used in this schedule:

ACES	— Alternative Credit Enhancement Securities
CAS	— Connecticut Avenue Securities
CDO	— Collateralized Debt Obligation
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury
GO	— General Obligation
GTD	— Guaranteed
IBOR	— Interbank Offered Rate
ICE	— Intercontinental Exchange
IO	— Interest Only
JSC	— Joint Stock Company
LIBOR	— London Interbank Offered Rate
PAC	— Planned Amortization Class
PO	— Principal Only
REMIC	— Real Estate Mortgage Investment Conduit
SOFR	— Secured Overnight Financing Rate
STRIPS	— Separate Trading of Registered Interest and Principal Securities
USD	— United States Dollar

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      67

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT			VALUE
SECURITIES SOLD SHORT - 0.0%††
MORTGAGE-BACKED SECURITIES - (0.0)%††
Federal National Mortgage Association (FNMA) (Proceeds - $602,410)		3.500	%		4/1/54	$	(300,000	)	$	(268,510	)(a)

†† Represents less than 0.1%.

(a) This security is traded on a to-be-announced (“TBA”) basis and is part of a mortgage dollar roll agreement.

At March 31, 2024, the Fund had the following written options contracts:

EXCHANGE-TRADED WRITTEN OPTIONS
SECURITY	EXPIRATION DATE		STRIKE PRICE		CONTRACTS		NOTIONAL AMOUNT		VALUE
3-Month SOFR Futures, Call		12/13/24	$	97.125		3,431	$	8,577,500	$	(428,875	)
3-Month SOFR Futures, Put		12/13/24		95.000		3,431		8,577,500		(922,081	)
U.S. Treasury 2-Year Notes Futures, Call		5/24/24		104.500		435		870,000		(6,798	)
U.S. Treasury 5-Year Notes Futures, Call		4/26/24		108.000		1,759		1,759,000		(274,844	)
U.S. Treasury 5-Year Notes Futures, Put		4/26/24		105.750		1,759		1,759,000		(164,906	)
U.S. Treasury Long-Term Bonds Futures, Call		5/24/24		130.000		132		132,000		(16,500	)
TOTAL EXCHANGE-TRADED WRITTEN OPTIONS (Premiums received - $4,337,514)									$	(1,814,004	)

Abbreviation(s) used in this schedule:

SOFR — Secured Overnight Financing Rate

At March 31, 2024, the Fund had the following open futures contracts:

	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Buy:
3-Month SOFR		8,100		3/25	$	1,938,110,601	$	1,932,457,500	$	(5,653,101	)
3-Month SOFR		641		6/25		153,317,446		153,359,250		41,804
3-Month SOFR		9,356		3/26		2,247,602,876		2,251,170,550		3,567,674
U.S. Treasury 5-Year Notes		34,960		6/24		3,735,053,393		3,741,266,425		6,213,032
U.S. Treasury Long-Term Bonds		3,015		6/24		357,579,755		363,119,062		5,539,307
U.S. Treasury Ultra 10-Year Notes		1,015		6/24		115,559,296		116,328,521		769,225

See Notes to Schedule of Investments.

    68  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Buy (continued)
U.S. Treasury Ultra
Long-Term Bonds		1,350		6/24	$	172,403,255	$	174,150,000	$	1,746,745
										12,224,686
Contracts to Sell:
3-Month SOFR		3,008		6/24		711,443,966		711,937,200		(493,234	)
U.S. Treasury 2-Year Notes		38		6/24		7,793,955		7,770,406		23,549
U.S. Treasury 10-Year Notes		11,028		6/24		1,217,893,866		1,221,867,993		(3,974,127	)
										(4,443,812	)
Net unrealized appreciation on open futures contracts									$	7,780,874

Abbreviation(s) used in this table:

SOFR — Secured Overnight Financing Rate

At March 31, 2024, the Fund had the following open swap contracts:

	CENTRALLY CLEARED INTEREST RATE SWAPS
	NOTIONAL AMOUNT		TERMINATION DATE		PAYMENTS MADE BY THE FUND†	PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE	UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION (DEPRECIATION)
	$	461,342,000		9/30/24	Daily SOFR Compound annually	3.500% annually	$(4,265,907)	$	65,604		$	(4,331,511)
		775,622,000		2/28/31	3.870% annually	Daily SOFR Compound annually	(1,370,533)		(2,124,971	)		754,438
		95,889,000		2/15/47	1.520% annually	Daily SOFR Compound annually	32,517,432		(618,884	)		33,136,316
		93,963,000		2/15/48	2.600% annually	Daily SOFR Compound annually	16,618,856		9,896,880			6,721,976

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      69

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

CENTRALLY CLEARED INTEREST RATE SWAPS (cont’d)
	NOTIONAL AMOUNT		TERMINATION DATE		PAYMENTS MADE BY THE FUND†		PAYMENTS RECEIVED BY THE FUND†		MARKET VALUE		UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION (DEPRECIATION)
	$	229,780,000		2/15/48		3.050% annually		Daily SOFR Compound annually	$	24,490,130	$	8,761,573		$	15,728,557
		228,511,000		5/15/48		3.150% annually		Daily SOFR Compound annually		20,753,164		(30,284,713	)		51,037,877
Total	$	1,885,107,000							$	88,743,142	$	(14,304,511	)	$	103,047,653

OTC CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION1
SWAP COUNTERPARTY (REFERENCE ENTITY)	NOTIONAL AMOUNT2		TERMINATION DATE		PERIODIC PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE3		UPFRONT PREMIUMS PAID (RECEIVED)		UNREALIZED APPRECIATION
Bank of America N.A. (PrimeX.FRM.1), 4.420%, due 7/25/36	$	203,606		7/25/36	4.420% monthly	$	20,533	$	9,088	$	11,445	(a)(b)
CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION1
REFERENCE ENTITY	NOTIONAL AMOUNT2		TERMINATION DATE		PERIODIC PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE3		UPFRONT PREMIUMS PAID (RECEIVED)		UNREALIZED APPRECIATION
Markit CDX.NA.IG.42 Index	$	785,705,000		6/20/29	1.000% quarterly	$	17,748,155	$	17,287,571	$	460,584

See Notes to Schedule of Investments.

    70  Western Asset Core Bond Fund 2024 Quarterly Report

WESTERN ASSET CORE BOND FUND

Schedule of investments (unaudited) (cont’d) March 31, 2024

¹ If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

² The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

³ The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected loss (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Decreasing market values (sell protection) or increasing market values (buy protection) when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

† Percentage shown is an annual percentage rate.

(a) Swap contract is valued using significant unobservable inputs (Note 1).

(b) Swap contract is fair valued in accordance with procedures approved by the Board of Directors (Note 1).

Reference rate(s) and their value(s) as of period end used in this table:

Reference Index	Reference Rate
Daily SOFR Compound		5.340	%

Abbreviation(s) used in this table:

SOFR — Secured Overnight Financing Rate

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

Western Asset Core Bond Fund 2024 Quarterly Report      71

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Core Bond Fund (the “Fund”) is a separate diversified investment series of Western Asset Funds, Inc. (the “Corporation”). The Corporation, a Maryland corporation, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.

(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.

Pursuant to policies adopted by the Board of Directors, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board of Directors. When determining the reliability of third

    72  Western Asset Core Bond Fund 2024 Quarterly Report

Notes to Schedule of Investments (unaudited) (continued)

party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 – unadjusted quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Western Asset Core Bond Fund 2024 Quarterly Report      73

Notes to Schedule of Investments (unaudited) (continued)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:

ASSETS
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Long-Term Investments†:
Corporate Bonds & Notes		—	$	4,447,950,179		—	$	4,447,950,179
Mortgage-Backed Securities		—		4,311,079,263		—		4,311,079,263
Collateralized Mortgage Obligations		—		1,793,372,872		—		1,793,372,872
U.S. Government & Agency Obligations		—		1,678,316,169		—		1,678,316,169
Asset-Backed Securities		—		1,124,635,036		—		1,124,635,036
Sovereign Bonds		—		248,062,196		—		248,062,196
U.S. Treasury Inflation Protected Securities		—		103,412,967		—		103,412,967
Purchased Options	$	3,403,157		—		—		3,403,157
Municipal Bonds		—		167,154		—		167,154
Total Long-Term Investments		3,403,157		13,706,995,836		—		13,710,398,993
Short-Term Investments†		172,078,240		—		—		172,078,240
Total Investments	$	175,481,397	$	13,706,995,836		—	$	13,882,477,233
Other Financial Instruments:
Futures Contracts††	$	17,901,336		—		—	$	17,901,336
Centrally Cleared Interest Rate Swaps††		—	$	107,379,164		—		107,379,164
OTC Credit Default Swaps on Credit Indices - Sell Protection‡		—		—	$	20,533		20,533
Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection††		—		460,584		—		460,584
Total Other Financial Instruments	$	17,901,336	$	107,839,748	$	20,533	$	125,761,617
Total	$	193,382,733	$	13,814,835,584	$	20,533	$	14,008,238,850

    74  Western Asset Core Bond Fund 2024 Quarterly Report

Notes to Schedule of Investments (unaudited) (continued)

LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Securities Sold Short†		—	$	268,510		—	$	268,510
Other Financial Instruments:
Written Options	$	1,814,004		—		—		1,814,004
Futures Contracts††		10,120,462		—		—		10,120,462
Centrally Cleared Interest
Rate Swaps††		—		4,331,511		—		4,331,511
Total Other Financial Instruments	$	11,934,466	$	4,331,511		—	$	16,265,977
Total	$	11,934,466	$	4,600,021		—	$	16,534,487

† See Schedule of Investments for additional detailed categorizations.

†† Reflects the unrealized appreciation (depreciation) of the instruments.

‡ Value includes any premium paid or received with respect to swap contracts.

2. Transactions with affiliated companies

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The Fund invested in Western Asset Premier Institutional Government Reserves, Premium Shares, an affiliated registered money market fund managed by Western Asset Management Company, LLC. Benefit Street Partners is a wholly-owned subsidiary of Franklin Resources, Inc. The following companies were considered affiliated companies for all or some portion of the period ended March 31, 2024. The following transactions were effected in such companies for the period ended March 31, 2024.

	Affiliate Value at December 31, 2023		Purchased				Sold
			Cost		Shares		Proceeds		Shares
Benefit Street Partners CLO Ltd., 2014-IVA ARRR	$	6,007,969		—		—	$	6,000,000		6,000,000
Western Asset Premier Institutional Government Reserves, Premium Shares		193,162,949	$	1,262,598,970		1,262,598,970		1,283,683,679		1,283,683,679
	$	199,170,918	$	1,262,598,970			$	1,289,683,679

Western Asset Core Bond Fund 2024 Quarterly Report      75

Notes to Schedule of Investments (unaudited) (continued)

(cont’d)	Realized Gain (Loss)		Interest/ Dividend Income		Net Increase (Decrease) in Unrealized Appreciation (Depreciation)			Affiliate Value at March 31, 2024
Benefit Street Partners CLO Ltd., 2014-IVA ARRR		—	$	82,583	$	(7,969	)		—
Western Asset Premier Institutional Government Reserves, Premium Shares		—		1,861,941		—		$	172,078,240
		—	$	1,944,524	$	(7,969	)	$	172,078,240

    76  Western Asset Core Bond Fund 2024 Quarterly Report