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: Multiple fiscal year ends
Date of reporting period: 07/01/2015–06/30/2016
Item 1 – Proxy Voting Record:
Proxy Voting Record – Attached on behalf of Western Asset High Yield Fund and Western Asset Total Return Unconstrained Fund.
There were no proxies voted on behalf of Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund, Western Asset Inflation-Indexed Plus Bond Fund, Western Asset Intermediate Bond Fund, Western Asset Macro Opportunities Fund and Western Asset Enhanced Equity Fund.
On May 20, 2016, Western Asset Global Government Bond Fund was liquidated.
******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-06110 Reporting Period: 07/01/2015 - 06/30/2016 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 Government 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 High Yield Fund ========================= CITIGROUP INC Ticker: C Security ID: 172967424 Meeting Date: APR 26, 2016 Meeting Type: ANNUAL Record Date: FEB 29, 2016 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF DIRECTOR: MICHAEL L. CORBAT FOR FOR Management 1B. ELECTION OF DIRECTOR: ELLEN M. COSTELLO FOR FOR Management 1C. ELECTION OF DIRECTOR: DUNCAN P. HENNES FOR FOR Management 1D. ELECTION OF DIRECTOR: PETER B. HENRY FOR FOR Management 1E. ELECTION OF DIRECTOR: FRANZ B. HUMER FOR FOR Management 1F. ELECTION OF DIRECTOR: RENEE J. JAMES FOR FOR Management 1G. ELECTION OF DIRECTOR: EUGENE M. MCQUADE FOR FOR Management 1H. ELECTION OF DIRECTOR: MICHAEL E. FOR FOR Management O'NEILL 1I. ELECTION OF DIRECTOR: GARY M. REINER FOR FOR Management 1J. ELECTION OF DIRECTOR: JUDITH RODIN FOR FOR Management 1K. ELECTION OF DIRECTOR: ANTHONY M. FOR FOR Management SANTOMERO 1L. ELECTION OF DIRECTOR: JOAN E. SPERO FOR FOR Management 1M. ELECTION OF DIRECTOR: DIANA L. TAYLOR FOR FOR Management 1N. ELECTION OF DIRECTOR: WILLIAM S. FOR FOR Management THOMPSON, JR. 1O. ELECTION OF DIRECTOR: JAMES S. TURLEY FOR FOR Management 1P. ELECTION OF DIRECTOR: ERNESTO ZEDILLO FOR FOR Management PONCE DE LEON 2 PROPOSAL TO RATIFY THE SELECTION OF FOR FOR Management KPMG LLP AS CITI'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016. 3 ADVISORY APPROVAL OF CITI'S 2015 FOR FOR Management EXECUTIVE COMPENSATION. 4 APPROVAL OF AN AMENDMENT TO THE FOR FOR Management CITIGROUP 2014 STOCK INCENTIVE PLAN AUTHORIZING ADDITIONAL SHARES. 5 APPROVAL OF THE AMENDED AND RESTATED FOR FOR Management 2011 CITIGROUP EXECUTIVE PERFORMANCE PLAN. 6 STOCKHOLDER PROPOSAL REQUESTING A FOR FOR Management REPORT DEMONSTRATING THE COMPANY DOES NOT HAVE A GENDER PAY GAP. 7 STOCKHOLDER PROPOSAL REQUESTING A FOR FOR Management REPORT ON LOBBYING AND GRASSROOTS LOBBYING CONTRIBUTIONS. 8 STOCKHOLDER PROPOSAL REQUESTING THAT FOR FOR Management THE BOARD APPOINT A STOCKHOLDER VALUE COMMITTEE. 9 STOCKHOLDER PROPOSAL REQUESTING AN FOR FOR Management AMENDMENT TO THE GENERAL CLAWBACK POLICY. 10 STOCKHOLDER PROPOSAL REQUESTING THAT FOR FOR Management THE BOARD ADOPT A POLICY PROHIBITING THE VESTING OF EQUITY-BASED AWARDS FOR SENIOR EXECUTIVES DUE TO A VOLUNTARY RESIGNATION TO ENTER GOVERNMENT SERVICE. -------------------------------------------------------------------------------- JPMORGAN CHASE & CO Ticker: JPM Security ID: 46625H100 Meeting Date: MAY 17, 2016 Meeting Type: ANNUAL Record Date: MAR 18, 2016 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF DIRECTOR: LINDA B. BAMMANN FOR ABSTAIN Management 1B. ELECTION OF DIRECTOR: JAMES A. BELL FOR ABSTAIN Management 1C. ELECTION OF DIRECTOR: CRANDALL C. FOR ABSTAIN Management BOWLES 1D. ELECTION OF DIRECTOR: STEPHEN B. BURKE FOR ABSTAIN Management 1E. ELECTION OF DIRECTOR: JAMES S. CROWN FOR ABSTAIN Management 1F. ELECTION OF DIRECTOR: JAMES DIMON FOR ABSTAIN Management 1G. ELECTION OF DIRECTOR: TIMOTHY P. FLYNN FOR ABSTAIN Management 1H. ELECTION OF DIRECTOR: LABAN P. FOR ABSTAIN Management JACKSON, JR. 1I. ELECTION OF DIRECTOR: MICHAEL A. NEAL FOR ABSTAIN Management 1J. ELECTION OF DIRECTOR: LEE R. RAYMOND FOR ABSTAIN Management 1K. ELECTION OF DIRECTOR: WILLIAM C. WELDON FOR ABSTAIN Management 2 ADVISORY RESOLUTION TO APPROVE FOR ABSTAIN Management EXECUTIVE COMPENSATION 3 RATIFICATION OF INDEPENDENT REGISTERED FOR ABSTAIN Management PUBLIC ACCOUNTING FIRM 4 INDEPENDENT BOARD CHAIRMAN - REQUIRE FOR ABSTAIN Management AN INDEPENDENT CHAIR 5 HOW VOTES ARE COUNTED - COUNT VOTES FOR ABSTAIN Management USING ONLY FOR AND AGAINST AND IGNORE ABSTENTIONS 6 VESTING FOR GOVERNMENT SERVICE FOR ABSTAIN Management -PROHIBIT VESTING OF EQUITY-BASED AWARDS FOR SENIOR EXECUTIVES DUE TO VOLUNTARY RESIGNATION TO ENTER GOVERNMENT SERVICE 7 APPOINT A STOCKHOLDER VALUE COMMITTEE FOR ABSTAIN Management - ADDRESS WHETHER DIVESTITURE OF ALL NON- CORE BANKING BUSINESS SEGMENTS WOULD ENHANCE SHAREHOLDER VALUE 8 CLAWBACK AMENDMENT - DEFER FOR ABSTAIN Management COMPENSATION FOR 10 YEARS TO HELP SATISFY ANY MONETARY PENALTY ASSOCIATED WITH VIOLATION OF LAW 9 EXECUTIVE COMPENSATION PHILOSOPHY - FOR ABSTAIN Management ADOPT A BALANCED EXECUTIVE COMPENSATION PHILOSOPHY WITH SOCIAL FACTORS TO IMPROVE THE FIRM'S ETHICAL CONDUCT AND PUBLIC REPUTATION ================ 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 Macro Opportunities 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 ================= AXTEL, S.A.B. DE C.V. Ticker: AXTLY Security ID: 05461Y106 Meeting Date: MAR 28, 2016 Meeting Type: ANNUAL Record Date: MAR 14, 2016 # Proposal Mgt Rec Vote Cast Sponsor I DISCUSSION AND, AS THE CASE MAY BE, N/A ABSTAIN Management APPROVAL OF THE REPORTS AND OPINION REFERRED TO IN ARTICLE 28, SECTION IV OF THE SECURITIES MARKET LAW, IN CONNECTION WITH THE FISCAL YEAR 2015. II PROPOSAL ON THE IMPLEMENTATION OF THE N/A ABSTAIN Management RESULTS ACCOUNT FOR THE FISCAL YEAR 2015. III APPOINTMENT OF THE MEMBERS OF THE N/A ABSTAIN Management BOARD OF DIRECTORS, AND CHAIRMAN OF THE AUDIT AND CORPORATE PRACTICES COMMITTEE; DETERMINATION OF THEIR REMUNERATION AND RELATED AGREEMENTS. IV DESIGNATION OF DELEGATES. N/A ABSTAIN Management V PRESENTATION AND, IF APPLICABLE, N/A ABSTAIN Management APPROVAL OF THE MINUTE OF THE MEETING. -------------------------------------------------------------------------------- TROPICANA ENTERTAINMENT INC Ticker: TPCA Security ID: 89708X105 Meeting Date: MAY 12, 2016 Meeting Type: ANNUAL Record Date: APR 08, 2016 # Proposal Mgt Rec Vote Cast Sponsor 1.1 DANIEL A. CASSELLA FOR FOR Management 1.2 HUNTER C. GARY FOR FOR Management 1.3 CARL C. ICAHN FOR FOR Management 1.4 WILLIAM A. LEIDESDORF FOR FOR Management 1.5 DANIEL H. SCOTT FOR FOR Management 1.6 ANTHONY P. RODIO FOR FOR Management 1.7 KEITH COZZA FOR FOR Management 2 TO APPROVE THE TROPICANA ENTERTAINMENT FOR FOR Management INC. PERFORMANCE INCENTIVE PLAN. 3 TO RATIFY THE APPOINTMENT OF GRANT FOR FOR Management THORNTON LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016. 4 TO VOTE ON AN ADVISORY RESOLUTION TO FOR FOR Management APPROVE EXECUTIVE COMPENSATION FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015. ========== 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/ Jane E. Trust | |
Jane E. Trust | ||
President of Western Asset Funds, Inc. | ||
Date: August 15, 2016 |