VGOF-P27 05/24
LEGG MASON ETF INVESTMENT TRUST
LEGG MASON PARTNERS INCOME TRUST
LEGG MASON PARTNERS INSTITUTIONAL TRUST
LEGG MASON PARTNERS VARIABLE INCOME TRUST
WESTERN ASSET FUNDS, INC.
SUPPLEMENT DATED MAY 1, 2024
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
OF EACH FUND LISTED IN SCHEDULE A
Effective May 1, 2024, John Bellows is no longer a portfolio manager of the funds referenced in Schedule A below. All references to Mr. Bellows in the Summary Prospectus, Prospectus and SAI are deleted in their entirety.
SCHEDULE A
| Fund |
Date of Summary | |
| LEGG MASON ETF INVESTMENT TRUST |
||
| Western Asset Total Return ETF |
August 1, 2023 | |
| LEGG MASON PARTNERS INCOME TRUST |
||
| Western Asset Short-Term Bond Fund |
May 1, 2024 | |
| Western Asset Ultra-Short Income Fund |
September 29, 2023 | |
| LEGG MASON PARTNERS INSTITUTIONAL TRUST |
||
| Western Asset SMASh Series C Fund |
June 29, 2023 | |
| Western Asset SMASh Series Core Completion Fund |
June 29, 2023 | |
| Western Asset SMASh Series Core Plus Completion Fund |
May 1, 2024 | |
| Fund |
Date of Summary | |
| LEGG MASON PARTNERS VARIABLE INCOME TRUST |
||
| Western Asset Core Plus VIT Portfolio |
May 1, 2024 | |
| WESTERN ASSET FUNDS, INC. |
||
| Western Asset Core Bond Fund |
May 1, 2024 | |
| Western Asset Core Plus Bond Fund |
May 1, 2024 | |
| Western Asset Inflation Indexed Plus Bond Fund |
May 1, 2024 | |
| Western Asset Intermediate Bond Fund |
September 29, 2023 | |
| Western Asset Total Return Unconstrained Fund |
September 29, 2023 | |
Please retain this supplement for future reference.