UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-06110
Western Asset Funds, Inc.
Name of Fund:
100 International Drive
Baltimore, MD 21202
Fund Address:
Robert I. Frenkel
Western Asset Funds, Inc
100 First Stamford Place
Stamford, CT 06902
Name and address of agent for service:
Registrant’s telephone number, including area code: 1-877-721-1926
Date of fiscal year end: December 31
Date of reporting period: 07/01/2011–06/30/2012
Item 1 – Proxy Voting Record:
Proxy Voting Record – Attached on behalf of Western Asset Total Return Unconstrained Fund and Western Asset High Yield Fund.
There were no proxies voted on behalf of Western Asset Limited Duration Bond Fund, Western Asset Intermediate Bond Fund, Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund, Western Asset Inflation-Indexed Plus Bond Fund, Western Asset Non-U.S. Opportunity Bond Fund, Western Asset Global Multi-Sector Fund and Western Asset Enhanced Equity Fund.
Effective September 21, 2011, Western Asset Absolute Return Portfolio was renamed Western Asset Total Return Unconstrained Portfolio. Effective April 30, 2012, Western Asset Total Return Unconstrained Portfolio was renamed Western Asset Total Return Unconstrained Fund.
Effective April 30, 2012, Western Asset High Yield Portfolio was renamed Western Asset High Yield Fund.
Effective April 30, 2012, Western Asset Limited Duration Bond Portfolio was renamed Western Asset Limited Duration Bond Fund.
Effective April 30, 2012, Western Asset Intermediate Bond Portfolio was renamed Western Asset Intermediate Bond Fund.
Effective April 30, 2012, Western Asset Core Bond Portfolio was renamed Western Asset Core Bond Fund.
Effective April 30, 2012, Western Asset Core Plus Bond Portfolio was renamed Western Asset Core Plus Bond Fund.
Effective April 30, 2012, Western Asset Inflation Indexed Plus Bond Portfolio was renamed Western Asset Inflation Indexed Plus Bond Fund.
Effective April 30, 2012, Western Asset Non-U.S. Opportunity Bond Portfolio was renamed Western Asset Non-U.S. Opportunity Bond Fund.
Effective September 21, 2011, Western Asset Global Strategic Income Portfolio was renamed Western Asset Global Multi-Sector Portfolio. Effective April 30, 2012, Western Asset Global Multi-Sector Portfolio was renamed Western Asset Global Multi-Sector Fund.
Effective April 30, 2012, Western Asset Enhanced Equity Portfolio was renamed Western Asset Enhanced Equity Fund.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-06110
Reporting Period: 07/01/2011 - 06/30/2012
Western Asset Funds, Inc.
========================= Western Asset Core Bond Fund =========================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
====================== Western Asset Core Plus Bond Fund =======================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
====================== Western Asset Enhanced Equity Fund ======================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========== Western Asset Global Multi-Sector Fund (fka Western Asset ==========
========== Global Strategic Income Portfolio) ==========
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
======================== Western Asset High Yield Fund =========================
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: JUL 15, 2011 Meeting Type: SPECIAL
Record Date: JUL 13, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxy to Assign Power of Attorney to FOR FOR Management
New Board of Directors
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: AUG 31, 2011 Meeting Type: SPECIAL
Record Date: AUG 30, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxies for the Power of Attorney and FOR FOR Management
approval of board compensation
--------------------------------------------------------------------------------
HORIZON LINES INC
Ticker: HRZ Security ID: 44044K101
Meeting Date: DEC 02, 2011 Meeting Type: SPECIAL
Record Date: DEC 01, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Proposal to amend the company's FOR FOR Management
1 amended and restated Certificate of
Incorporation to effect a 1-for-25
reverse stock split of the common
stock.
Item Proposal to increase the number of FOR FOR Management
2 authorized shares of common stock from
100,000,000 to 2,500,000,000.
Item Proposal to authorize the issurance of FOR FOR Management
3 warrants in lieu of cash or redemtpion
notes in consideratioin for "Excess
Shares" to faciliate compliance with
the Jones Act.
Item Proposal to transact any other FOR FOR Management
4 business as may properly come before
the Special Meeting or any adjournment
or postponement of the Special Meeting.
================ Western Asset Inflation Indexed Plus Bond Fund ================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
===================== Western Asset Intermediate Bond Fund =====================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Western Asset Limited Duration Bond Fund ===================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================= Western Asset Non-U.S. Opportunity Bond Fund =================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================ Western Asset Total Return Unconstrained Fund =================
CITADEL BROADCASTING CORPORATION
Ticker: CDELB Security ID: 17285T205
Meeting Date: SEP 15, 2011 Meeting Type: SPECIAL
Record Date: AUG 31, 2011
# Proposal Mgt Rec Vote Cast Sponsor
1 Proposal to adopt the agreement and FOR FOR Management
plan of merger.
2 Proposal to approve the adjournment of FOR FOR Management
the special meeting.
3.1 Elect Director. FOR FOR Management
4 Proposal to approve on a non-binding, FOR Against Management
advisory basis.
5 Proposal to ratify the appointment of FOR FOR Management
Deloitte & Touche LLP to serve as
independent registered public
accountants for year 2011.
========== END NPX REPORT
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. |
| |
| By: | | /s/ R. Jay Gerken |
| | R. Jay Gerken, |
| | President of Western Asset Funds, Inc. |
|
| Date: August 24, 2012 |
