Western Asset Inflation-Linked Income Fund - Market Price (%)
Month End
As of 12/31/2025
Fixed Income
WIA Western Asset Inflation-Linked Income Fund
Popular Documents
Overview
Fund Facts
Fund description
Provides a leveraged portfolio investing at least 80% in inflation-linked securities, consisting primarily of U.S. Treasury Inflation Protected Securities “TIPS”, with the ability to invest in other fixed-income assets including high-yield, emerging markets, structured products, commodities and currency. Seeks current income, with a secondary investment objective of capital appreciation. Emphasizes team management and extensive credit research expertise to identify attractively priced securities.
- Fund Inception Date
- 09/30/2003
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $212.36 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - Inflation-Protected Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- WIA
- NAV Symbol
- XWIAX
- CUSIP Code
- 95766Q106
Average Annual Total Returns As of 12/31/2025
- 11.34%1 Year
- 7.43%3 Years
- -0.19%5 Years
- 4.58%10 Years
- 3.05%Since Inception
09/26/2003
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
Inflation-Linked83.16% | |
Emerging Market5.17% | |
Investment-Grade Credit4.49% | |
Non-Agency Mortgage Backed Securities3.17% | |
Commercial Mortgage Backed Securities2.26% |
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- November 30
- Benchmark
- Bloomberg U.S. Govt Inflation-Linked 1-10Yrs
- Additional Benchmark
- Bloomberg U.S. Govt Inflation-Linked All Maturities
- Lipper Classification
- General Bond Funds
- Investment Style
- Government
Trading Characteristics
- Shares Outstanding
- 23,322,256
- Daily Volume
- 18,125
Manager
About the Team
Western Asset
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Commentary Highlights
12/31/2025- Markets: Fixed-income market volatility persisted in the fourth quarter of 2025 as investors and policymakers navigated mixed economic signals. The longest US government shutdown, which restricted data availability, ended in November after 43 days. The US Treasury (UST) yield curve steepened, with short and intermediate UST yields finishing the quarter lower, while long-term yields increased. Equities performed well, with the S&P 500 Index reaching new highs, while credit spreads were mixed.
- Contributors : Yield-curve positioning along with allocations to structured products and corporate credits were all major drivers of relative performance.
- Detractors : There were no notable detractors during the quarter.
- Outlook : Western Asset’s outlook remains constructive, though we recognize that growth momentum is tempered by uncertainty in areas such as geopolitics and fiscal sustainability. U.S. financial conditions are largely supportive, which, alongside proposed fiscal loosening and solid household balance sheets, points toward a positive foundation for growth in 2026. Headwinds remain, including doubts over the state of the U.S. labor market, core inflation lingering above target and the potential lagged impact of tariffs.
Latest Insights
January 28, 2026
January 27, 2026
January 22, 2026
January 16, 2026
Performance
Average Annual Total Returns
As of 12/31/2025
Selected Month December 2025
Western Asset Inflation-Linked Income Fund - NAV (%)
Month End
As of 12/31/2025
Bloomberg U.S. Govt Inflation-Linked 1-10Yrs (%)
Month End
As of 12/31/2025
Bloomberg U.S. Govt Inflation-Linked All Maturities (%)
Month End
As of 12/31/2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 128
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Effective Duration
- Fund
- 7.09 Years
- Fund
- 4.83%
- Fund
- 8.17 Years
Sector Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
| Sector | Fund |
|---|---|
Inflation-Linked | 83.16% |
Emerging Market | 5.17% |
Investment-Grade Credit | 4.49% |
Non-Agency Mortgage Backed Securities | 3.17% |
Commercial Mortgage Backed Securities | 2.26% |
High-Yield Credit | 0.53% |
Agency | 0.15% |
Treasury | 0.06% |
Agency Mortgage-Backed Securities | 0.04% |
Cash & Cash Equivalents | 0.97% |
Holdings
As of 12/31/2025 (Updated Monthly)
US INFLATION-LINKED TREASURY BOND 3.8750% Mat 04/15/2029
US INFLATION-LINKED TREASURY [ NOTE ] 0.1250% Mat 04/15/2027
US INFLATION-LINKED TREASURY BOND 2.5000% Mat 01/15/2029
UNITED STATES TREASURY INFLATI 0.1250% Mat 10/15/2026
UNITED STATES TREASURY INFLATI 1.1250% Mat 01/15/2033
U.S. Treasury Bonds 0.7500% Mat 02/15/2045
UNITED STATES TREASURY INFLATI 0.8750% Mat 01/15/2029
US INFLATION-LINKED TREASURY [ NOTE ] 1.7500% Mat 01/15/2034
US INFLATION-LINKED TREASURY BOND 2.0000% Mat 01/15/2026
UNITED STATES TREASURY INFLATI 2.1250% Mat 01/15/2035
Portfolio holdings are based on total portfolio, and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Any negative allocations or allocations in excess of 100% are primarily due to unsettled trade activities.
Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 6.83%
At Market Price 7.49%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
02/20/2026
01/23/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 02/06/2026 (Updated Daily)
Daily Fund Prices
As of 02/06/2026
Share Prices
As of 02/06/2026
52-Week Range
- Highest NAV
- $9.35
- Lowest NAV
- $8.98
- Highest Market Price
- $8.51
- Lowest Market Price
- $8.06
Premium / Discount
As of 02/06/2026
- Avg. of Market Price vs. NAV at Close
- -8.76%
Press Releases
01/30/2026
01/27/2026
12/31/2025
11/28/2025
11/20/2025
10/31/2025
09/30/2025
09/11/2025
08/29/2025
07/31/2025
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset Inflation-Linked Income Fund | |||
| Product Commentary - Western Asset Inflation-Linked Income Fund | |||
| Closed-End Funds Product Guide |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset Inflation-Linked Income Fund | |||
| Semi-Annual Report - Western Asset Inflation-Linked Income Fund | |||
| Audit Committee Charter | |||
| Governance and Nominating Committee Charter | |||
| Audit Committee Charter | |||
| Audit Committee Charter | |||
| Governance and Nominating Committee Charter | |||
| Fiscal Q1 Holdings - Western Asset Inflation-Linked Income Fund | |||
| Fiscal Q3 Holdings - Western Asset Inflation-Linked Income Fund |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The fund is subject to the additional risks associated with inflation-linked securities, including liquidity risk, prepayment risk, extension risk and deflation risk. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Currency management strategies could result in losses to the fund if currencies do not perform as expected. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Commodity-related investments are subject to additional risks such as commodity index volatility, investor speculation, interest rates, weather, tax and regulatory developments. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Bloomberg U.S. Government Inflation-Linked 1-10 Year Index measures the performance of the intermediate U.S. TIPS market.
Source: Bloomberg Indices.
The Bloomberg U.S. Government Inflation-Linked All Maturities Index measures the performance of the U.S. TIPS market. The Index includes TIPS with one or more years remaining maturity with total outstanding issue size of $500 million or more.
Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.