Western Asset Funds Inc.

06/12/2026 | Press release | Distributed by Public on 06/12/2026 07:31

Summary Prospectus by Investment Company (Form 497K)

VGOF-P20 06/26

LEGG MASON PARTNERS INCOME TRUST
LEGG MASON PARTNERS INSTITUTIONAL TRUST
LEGG MASON PARTNERS VARIABLE INCOME TRUST
WESTERN ASSET FUNDS, INC.
SUPPLEMENT DATED JUNE 12, 2026
TO THE SUMMARY PROSPECTUS (AS APPLICABLE),
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A AND SCHEDULE B (THE "FUNDS")

Effective June 30, 2026, Western Asset Management Company Ltd ("Western Asset Japan") will cease to serve as a subadviser to the Funds. Trading activities previously performed by Western Asset Japan will be allocated, as necessary, to Western Asset Management Company Pte. Ltd. ("Western Asset Singapore"), a subadviser to the Funds, or will be performed by Western Asset Management Company, LLC ("Western Asset"), a subadviser to the Funds. Accordingly, all references to, and information regarding, Western Asset Japan are deleted in their entirety effective June 30, 2026.

SCHEDULE A

Fund

Date of Summary

Prospectus,

Prospectus and SAI

LEGG MASON PARTNERS INCOME TRUST

Western Asset Income Fund

December 1, 2025

WESTERN ASSET FUNDS, INC.

Western Asset Total Return Unconstrained Fund

October 1, 2025

SCHEDULE B

Fund

Date of

Prospectus and SAI

LEGG MASON PARTNERS INSTITUTIONAL TRUST

Western Asset SMASh Series Core Plus

Completion Fund

May 1, 2026

LEGG MASON PARTNERS VARIABLE

INCOME TRUST

Western Asset Core Plus VIT Portfolio

May 1, 2026

WESTERN ASSET FUNDS, INC.

Western Asset Core Plus Bond Fund

May 1, 2026

Western Asset Inflation Indexed Plus Bond Fund

May 1, 2026

Please retain this supplement for future reference.

Western Asset Funds Inc. published this content on June 12, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 12, 2026 at 13:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]