0001193125-12-424192.txt : 20121016 0001193125-12-424192.hdr.sgml : 20121016 20121016110101 ACCESSION NUMBER: 0001193125-12-424192 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121016 DATE AS OF CHANGE: 20121016 EFFECTIVENESS DATE: 20121016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEGG MASON PARTNERS INCOME TRUST CENTRAL INDEX KEY: 0000764624 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-96408 FILM NUMBER: 121145560 BUSINESS ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 55 WATER STREET, 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 800-451-2010 MAIL ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 55 WATER STREET, 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: LEGG MASON PARTNERS INCOME FUNDS DATE OF NAME CHANGE: 20060407 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY INCOME FUNDS DATE OF NAME CHANGE: 19941228 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY SHEARSON INCOME FUNDS DATE OF NAME CHANGE: 19931015 0000764624 S000016639 Western Asset Short-Term Bond Fund C000046471 Class A C000046472 Class B C000046473 Class C C000046474 Class I C000062459 Class R C000088507 Class R1 C000117030 Class IS C000118877 Class FI 497 1 d417510d497.htm XBRL LETTER XBRL LETTER

Bingham McCutchen LLP

One Federal Street

Boston, Massachusetts 02110

 

October 16, 2012

 

VIA EDGAR

 

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

 

Re: Western Asset Short-Term Bond Fund (the “Fund”), a series of Legg Mason Partners Income

Trust (the “Registrant”)

Securities Act File No. 2-96408

Investment Company Act File No. 811-04254

 

Ladies and Gentlemen:

 

On behalf of the Registrant and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing in interactive data format the risk/return summary information that appears in a supplement dated September 28, 2012 to the Fund’s Prospectus dated August 1, 2012.

 

Any questions or comments on the filing should be directed to the undersigned at (617) 951-8267.

 

Sincerely,

 

/s/ Barry N. Hurwitz

 

Barry N. Hurwitz

 

Enclosures

 

cc: Rosemary D. Emmens, Legg Mason & Co., LLC

EX-101.INS 2 lmpit24-20120928.xml XBRL INSTANCE DOCUMENT 0000764624 lmpit24:S000016639Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000117030Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000046474Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000062459Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000118877Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000046473Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000046471Member 2011-08-02 2012-08-01 0000764624 lmpit24:S000016639Member lmpit24:C000088507Member 2011-08-02 2012-08-01 0000764624 2011-08-02 2012-08-01 pure iso4217:USD <font style="FONT-FAMILY: ARIAL" size="2"><b>Number of years you own your shares ($)</b></font> 266 263 633 499 589 <font style="FONT-FAMILY: ARIAL" size="2"><b>Example</b></font> 670 633 499 263 266 856 670 <font style="FONT-FAMILY: ARIAL" size="2"><b>Shareholder fees (fees paid directly from your investment)</b></font> <font style="FONT-FAMILY: ARIAL" size="2"><b>Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)</b></font> 307 260 87 112 856 589 0 0.0225 0 0 0 0 0 <font style="FONT-FAMILY: arial" size="2">Fees and expenses have been restated to reflect a reduction in the fund's management fee and the estimated effect of the reorganization of Western Asset Limited Duration Bond Fund into the fund, effective as of the close of business on October&nbsp;5, 2012. "Other expenses" for Class FI and Class R shares are estimated for the current fiscal year. Actual expenses may differ from estimates. </font> LEGG MASON PARTNERS INCOME TRUST Other 2012-09-28 <p style="margin-top: 4px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"> <font style="FONT-FAMILY: arial" size="2">You invest $10,000 in the fund for the time periods indicated </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"> <font style="FONT-FAMILY: arial" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"> <font style="FONT-FAMILY: arial" size="2">You reinvest all distributions and dividends without a sales charge&nbsp;</font></td></tr></table><p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> 0 0 0 0 0 0.01 0 -0.0003 -0.0006 -0.0006 46 48 307 160 87 112 601 593 1404 1304 1868 1216 1115 109 0000764624 2011-12-31 false 2012-09-28 2012-08-01 December 31, 2013 15 15 15 0 0 0 0 0.004 0.004 0.004 0.004 0.004 0.0017 0.0017 0.0017 0.0026 0.0026 0.0007 0.0008 0.0082 0.0157 0.0107 0.0091 0.0116 0.0047 0.0048 0.0082 0.0157 0.0107 0.0085 0.011 0.0045 0.0047 <font style="FONT-FAMILY: ARIAL" size="2"><b>Number of years you own your shares ($)</b></font> 363 151 151 285 340 496 481 48 46 496 481 340 285 363 151 151 109 0 0 0.005 0.0025 0.005 0.01 0.0025 <p style="MARGIN-TOP: 24px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>LEGG MASON PARTNERS INCOME TRUST </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>SUPPLEMENT DATED SEPTEMBER 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>TO THE SUMMARY PROSPECTUS, PROSPECTUS AND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>STATEMENT OF ADDITIONAL INFORMATION, EACH DATED AUGUST 1, 2012, OF </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>WESTERN ASSET SHORT-TERM BOND FUND&nbsp;</b></font></p><p style="margin-top: 10px; margin-bottom: 0px"><font style="font-family: arial" size="2"><b>The following supplements, and to the extent inconsistent therewith, supersedes the information contained in the fund&#8217;s Summary Prospectus, Prospectus and Statement of Additional Information.</b></font></p><p style="margin-top: 10px; margin-bottom: 0px"><font style="font-family: arial" size="2"><b>Effective as of the close of business on October&nbsp;5, 2012, the following text replaces the applicable information in the section titled "Fees and expenses of the fund" in the fund's Summary Prospectus and Prospectus: </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 10px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="37%"></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="15"><font style="font-family: arial" size="2"></font><font style="font-family: arial" size="2"><b>Shareholder fees (fees paid directly from your investment)</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;A</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;C<br/>(Class&nbsp;R1<br/>prior to<br/>August&nbsp;1,<br/>2012)</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;C1<br/>(Class C<br/>prior to<br/>August&nbsp;1,<br/>2012)</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;FI</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;R</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;I</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;IS</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="font-family: arial" size="2">Maximum sales charge (load) imposed on purchases (as a % of offering price) (%)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">2.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"> <p style="margin-top: 0px; margin-bottom: 0px"><font style="font-family: arial" size="2">Maximum deferred sales charge (load)</font></p> <p style="margin-top: 0px; margin-bottom: 1px"><font style="font-family: arial" size="2">(as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) (%)</font></p></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Generally,</font><br/> <p style="margin-top: 0px; margin-bottom: 1px" align="center"><font style="font-family: arial" size="2">none</font></p></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">1.00</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="font-family: arial" size="2">Small account fee</font><font style="font-family: arial" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">1</sup></font><font style="font-family: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr></table><br/><table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="36%"></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="15"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="top"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; A</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;C<br/>(Class&nbsp;R1<br/>prior to<br/>August&nbsp;1,<br/>2012)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;C1<br/>(Class C<br/>prior to<br/>August&nbsp;1,<br/>2012)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; FI</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; R</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; I</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; IS</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Management fees</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Distribution and service (12b-1) fees</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.00</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.50</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.50</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">None</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Other expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.26</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.26</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.08</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Total annual fund operating expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.82</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.57</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.91</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.16</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.47</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.48</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Fees waived and/or expenses reimbursed</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">N/A</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">&#8212;</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">N/A</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.06)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.06)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">&#8212;</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.03)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Total annual fund operating expenses after waiving fees and/or reimbursing expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.82</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.57</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.85</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.10</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.47</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.45</font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">1</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund's books and records. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 4px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">Fees and expenses have been restated to reflect a reduction in the fund's management fee and the estimated effect of the reorganization of Western Asset Limited Duration Bond Fund into the fund, effective as of the close of business on October&nbsp;5, 2012. "Other expenses" for Class FI and Class R shares are estimated for the current fiscal year. Actual expenses may differ from estimates. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 4px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.60% for Class C (formerly Class R1) shares, 0.85% for Class FI shares, 1.10% for Class R shares, 0.55% for Class I shares and 0.45% for Class IS shares. This arrangement cannot be terminated prior to December&nbsp;31, 2013 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class's total annual operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class's total annual operating expenses exceeding the applicable limits described above or any other lower limit then in effect. </font></p></td></tr></table> <p style="margin-top: 18px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2"><b>Example </b></font></p> <p style="margin-top: 4px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: arial" size="2">You invest $10,000 in the fund for the time periods indicated </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: arial" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"> <font style="FONT-FAMILY: arial" size="2">You reinvest all distributions and dividends without a sales charge&nbsp;</font></td></tr></table><p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 10px">&nbsp;</p> <table style="border-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr> <td width="55%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="16"> <font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>Number of years you own your shares ($)</b></font></td> <td valign="top"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>&nbsp;&nbsp;</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="top"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">1&nbsp;year</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">3&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">5&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">10&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;A (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">307</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">481</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">670</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,216</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C (Class R1 prior to August&nbsp;1, 2012) (with redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">260</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">496</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">856</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,868</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C (Class R1 prior to August&nbsp;1, 2012) (without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">160</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">496</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">856</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,868</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C1 (Class C prior to August&nbsp;1, 2012) (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">109</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">340</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">589</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,304</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class FI (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">87</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">285</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">499</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,115</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class R (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">112</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">363</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">633</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,404</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class I (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">48</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">151</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">263</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">593</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class IS (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">46</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">151</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">266</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">601</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr></table><table style="border-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"><tr><td width="1%"><br/></td><td valign="top" width="2%" align="left"><br/></td><td valign="top" width="1%"><br/></td><td valign="top" align="left"><br/></td></tr></table> <p style="MARGIN-TOP: 24px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>LEGG MASON PARTNERS INCOME TRUST </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>SUPPLEMENT DATED SEPTEMBER 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>TO THE SUMMARY PROSPECTUS, PROSPECTUS AND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>STATEMENT OF ADDITIONAL INFORMATION, EACH DATED AUGUST 1, 2012, OF </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="2"><b>WESTERN ASSET SHORT-TERM BOND FUND&nbsp;</b></font></p><p style="margin-top: 10px; margin-bottom: 0px"><font style="font-family: arial" size="2"><b>The following supplements, and to the extent inconsistent therewith, supersedes the information contained in the fund&#8217;s Summary Prospectus, Prospectus and Statement of Additional Information.</b></font></p><p style="margin-top: 10px; margin-bottom: 0px"><font style="font-family: arial" size="2"><b>Effective as of the close of business on October&nbsp;5, 2012, the following text replaces the applicable information in the section titled "Fees and expenses of the fund" in the fund's Summary Prospectus and Prospectus: </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 10px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="37%"></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="15"><font style="font-family: arial" size="2"></font><font style="font-family: arial" size="2"><b>Shareholder fees (fees paid directly from your investment)</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;A</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;C<br/>(Class&nbsp;R1<br/>prior to<br/>August&nbsp;1,<br/>2012)</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;C1<br/>(Class C<br/>prior to<br/>August&nbsp;1,<br/>2012)</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;FI</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;R</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;I</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Class&nbsp;IS</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="font-family: arial" size="2">Maximum sales charge (load) imposed on purchases (as a % of offering price) (%)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">2.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"> <p style="margin-top: 0px; margin-bottom: 0px"><font style="font-family: arial" size="2">Maximum deferred sales charge (load)</font></p> <p style="margin-top: 0px; margin-bottom: 1px"><font style="font-family: arial" size="2">(as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) (%)</font></p></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">Generally,</font><br/> <p style="margin-top: 0px; margin-bottom: 1px" align="center"><font style="font-family: arial" size="2">none</font></p></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">1.00</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="font-family: arial" size="2">Small account fee</font><font style="font-family: arial" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">1</sup></font><font style="font-family: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">$15</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="font-family: arial" size="2">None</font></td></tr></table><br/><table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="36%"></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="15"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="top"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; A</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;C<br/>(Class&nbsp;R1<br/>prior to<br/>August&nbsp;1,<br/>2012)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;C1<br/>(Class C<br/>prior to<br/>August&nbsp;1,<br/>2012)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; FI</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; R</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; I</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">Class&nbsp; IS</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup></font><font style="FONT-FAMILY: arial" size="2"></font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Management fees</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.40</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Distribution and service (12b-1) fees</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.00</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.50</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.25</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.50</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">None</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">None</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Other expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.17</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.26</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.26</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.08</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Total annual fund operating expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.82</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.57</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.91</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.16</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.47</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.48</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Fees waived and/or expenses reimbursed</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">N/A</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">&#8212;</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">N/A</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.06)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.06)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">&#8212;</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">(0.03)</font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup></font> <font style="FONT-FAMILY: arial" size="2"></font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Total annual fund operating expenses after waiving fees and/or reimbursing expenses</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.82</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.57</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.07</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.85</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1.10</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.47</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">0.45</font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">1</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund's books and records. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 4px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">2</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">Fees and expenses have been restated to reflect a reduction in the fund's management fee and the estimated effect of the reorganization of Western Asset Limited Duration Bond Fund into the fund, effective as of the close of business on October&nbsp;5, 2012. "Other expenses" for Class FI and Class R shares are estimated for the current fiscal year. Actual expenses may differ from estimates. </font></p></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 4px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline">3</sup>&nbsp;</font><font style="FONT-FAMILY: arial" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: arial" size="2">The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.60% for Class C (formerly Class R1) shares, 0.85% for Class FI shares, 1.10% for Class R shares, 0.55% for Class I shares and 0.45% for Class IS shares. This arrangement cannot be terminated prior to December&nbsp;31, 2013 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class's total annual operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class's total annual operating expenses exceeding the applicable limits described above or any other lower limit then in effect. </font></p></td></tr></table> <p style="margin-top: 18px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2"><b>Example </b></font></p> <p style="margin-top: 4px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: arial" size="2">You invest $10,000 in the fund for the time periods indicated </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: arial" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 6px">&nbsp;</p> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: arial" size="2">&#x25AA;</font></td> <td valign="top" width="1%"><font size="1">&nbsp;</font></td> <td valign="top" align="left"> <font style="FONT-FAMILY: arial" size="2">You reinvest all distributions and dividends without a sales charge&nbsp;</font></td></tr></table><p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: arial" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; FONT-SIZE: 10px">&nbsp;</p> <table style="border-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr> <td width="55%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top" colspan="16"> <font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>Number of years you own your shares ($)</b></font></td> <td valign="top"><font style="FONT-FAMILY: arial" size="2"></font><font style="FONT-FAMILY: arial" size="2"><b>&nbsp;&nbsp;</b></font></td></tr> <tr> <td style="border-bottom: #000000 1px solid" valign="top"><font size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">1&nbsp;year</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">3&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">5&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: arial" size="2">10&nbsp;years</font></td> <td style="border-bottom: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class&nbsp;A (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">307</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">481</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">670</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,216</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C (Class R1 prior to August&nbsp;1, 2012) (with redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">260</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">496</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">856</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,868</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C (Class R1 prior to August&nbsp;1, 2012) (without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">160</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">496</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">856</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,868</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class C1 (Class C prior to August&nbsp;1, 2012) (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">109</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">340</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">589</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,304</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class FI (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">87</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">285</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">499</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,115</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class R (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">112</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">363</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">633</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">1,404</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr bgcolor="#cceeff"> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class I (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">48</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">151</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">263</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">593</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr> <tr> <td style="border-bottom: #7f7f7f 1px solid" valign="top"><font style="FONT-FAMILY: arial" size="2">Class IS (with or without redemption at end of period)</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">46</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">151</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">266</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom"><font style="FONT-FAMILY: arial" size="2">&nbsp;</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: arial" size="2">601</font></td> <td style="border-bottom: #7f7f7f 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: arial" size="2">&nbsp;&nbsp;</font></td></tr></table><table style="border-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"><tr><td width="1%"><br/></td><td valign="top" width="2%" align="left"><br/></td><td valign="top" width="1%"><br/></td><td valign="top" align="left"><br/></td></tr></table> 0.004 0.004 1216 1868 1115 1404 593 601 1304 Generally, If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund's books and records. Fees and expenses have been restated to reflect a reduction in the fund's management fee and the estimated effect of the reorganization of Western Asset Limited Duration Bond Fund into the fund, effective as of the close of business on October 5, 2012. "Other expenses" for Class FI and Class R shares are estimated for the current fiscal year. Actual expenses may differ from estimates. The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.60% for Class C (formerly Class R1) shares, 0.85% for Class FI shares, 1.10% for Class R shares, 0.55% for Class I shares and 0.45% for Class IS shares. This arrangement cannot be terminated prior to December 31, 2013 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class's total annual operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class's total annual operating expenses exceeding the applicable limits described above or any other lower limit then in effect. 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