Legg Mason Partners Income Trust

04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:09

Prospectus by Investment Company (Form 497)

VGOF-P15 04/26

LEGG MASON PARTNERS INCOME TRUST
LEGG MASON PARTNERS VARIABLE INCOME TRUST
WESTERN ASSET FUNDS, INC.
SUPPLEMENT DATED APRIL 17, 2026
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A

All changes described below are effective May 1, 2026.

I. The following is added to the section titled "Management - Investment professionals" in the Summary Prospectus and Prospectus, respectively, of each fund listed in Schedule A.

Investment professional

Title

Investment
professional of
the fund since

Rafael Zielonka

Portfolio Manager

May 2026

II. The following is added to the section titled "More on fund management - Investment professionals" in the Prospectus of each fund listed in Schedule A:

Investment professional

Title and recent
biography

Investment
professional of
the fund since

Rafael Zielonka

Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years.

May 2026

III. The following is added to the table in the section titled "Investment Professionals - Other Accounts Managed by

the Investment Professionals" in the SAI of each fund listed in Schedule A:

Investment
Professionals

Type of

Account

Number of
Accounts
Managed

Total Assets
Managed
(Billions) ($)

Number of
Accounts
Managed for
which Advisory
Fee is
Performance-
Based

Assets
Managed for
which Advisory
Fee is
Performance-
Based
(Billions) ($)

Rafael Zielonka*

Registered Investment Companies

5

4.11

None

None

Other Pooled Investment Vehicles

5

1.45

None

None

Other Accounts

4

0.73

None

None

* The information is as of March 31, 2026.

IV. The following is added to the table in the section titled "Investment Professionals - Investment Professional Securities Ownership" in the SAI of each fund listed in Schedule A:

Investment Professionals

Dollar Range of Ownership of Securities ($) 

Rafael Zielonka*

None

* The information is as of March 31, 2026.

V. The following footnote is added following each reference to Julien Scholnick in the Summary Prospectus, Prospectus and SAI of each fund listed in Schedule A:

* Effective September 30, 2026, Julien Scholnick will step down as a member of the investment professional team for the fund.

VI. The following footnote is added following each reference to Frederick Marki in the Summary Prospectus, Prospectus and SAI of each fund listed in Schedule A:

* Effective December 31, 2026, Frederick Marki will step down as a member of the investment professional team for the fund.

SCHEDULE A

Fund

Date of Summary Prospectus,
Prospectus and
SAI

LEGG MASON PARTNERS INCOME TRUST

Western Asset Short-Term Bond Fund

May 1, 2025

LEGG MASON PARTNERS VARIABLE INCOME TRUST

Western Asset Core Plus VIT Portfolio

May 1, 2025

WESTERN ASSET FUNDS, INC.

Western Asset Core Bond Fund

May 1, 2025

Western Asset Core Plus Bond Fund

May 1, 2025

Western Asset Intermediate Bond Fund

October 1, 2025

Western Asset Total Return Unconstrained Bond Fund

October 1, 2025

Please retain this supplement for future reference.

Legg Mason Partners Income Trust published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:09 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]