UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: |
| 811-006110 | |
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Name of Fund: | Western Asset Funds, Inc. | ||
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Fund Address: | 100 Light Street | ||
| Baltimore, MD 21202 | ||
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Name and address of agent for service: | |||
| Gregory T. Merz, Vice President | ||
| Western Asset Funds, Inc | ||
| 100 Light Street, 23rd Floor | ||
| Baltimore, MD 21202 | ||
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Registrant’s telephone number, including area code: | |||
| 1-800-368-2558 | ||
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Date of fiscal year end: | |||
| 03/31/2005 | ||
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Date of reporting period: | |||
| 07/01/2003 – 06/30/2004 | ||
Item 1 – Proxy Voting Record:
Item 1 – Proxy Voting Record – Western Asset U.S. Government Money Market Portfolio, Western Asset Money Market Portfolio, Western Asset Limited Duration Bond Portfolio, Western Asset Intermediate Bond Portfolio, Western Asset Intermediate Plus Bond Portfolio, Western Asset Core Bond Portfolio, Western Asset Core Plus Bond Portfolio, Western Asset Inflation-Indexed Plus Bond Portfolio, Western Asset Global Strategic Income Portfolio, Western Asset Enhance Equity Portfolio, and Western Asset Non-U.S. Opportunity Bond Portfolio held no voting securities during the period covered by this report. No records are attached.
The Proxy Voting Record for Western Asset High Yield Portfolio is attached.
Western Asset High-Yield
Issuer |
| Symbol |
| CUSIP |
| Meeting Date |
| Matter Voted On |
| Proposed by |
| Vote Cast? |
| How Voted |
| For/Against Mgmt |
|
Washington Group International |
| WGI |
| 938862208 |
| 04/28/04 |
| Approve an amendment to the Company’s Certificate of Incorporation to eliminate the classified board. We view the removal of the classified board as a positive move on the part of the board to remove the possibility of entrenching by virtue of staggering the re-election periods. |
| I |
| Yes |
| For |
| For |
|
Washington Group International |
| WGI |
| 938862208 |
| 04/28/04 |
| Election of directors |
| I |
| Yes |
| For |
| For |
|
Washington Group International |
| WGI |
| 938862208 |
| 04/28/04 |
| Ratify External Auditors |
| I |
| Yes |
| For |
| For |
|
Washington Group International |
| WGI |
| 938862208 |
| 04/28/04 |
| Proposal to approve the Company’s 2004 Equity Incentive Plan. The plan has set the number of shares that may be awarded at 2,400,000, the stock options are to be granted at 100% of fair market value with no repricings and the plan is governed by an independent committee. |
| I |
| Yes |
| For |
| For |
|
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Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Western Asset Funds, Inc. |
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By: | /s/ James W. Hirschmann III |
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| James W. Hirschmann III |
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| President of Western Asset Funds, Inc. |
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Date: | August 24, 2004 |
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