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        <name>Government National Mortgage A</name>
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        <name>TSY INFL IX N/B</name>
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        <name>ILFC E-CAPITAL TRUST II</name>
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        <name>PETROBRAS GLOBAL FINANCE</name>
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        <title>Petrobras Global Finance BV</title>
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        <name>SANDS CHINA LTD</name>
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        <name>Freddie Mac - STACR</name>
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        <name>Countrywide Alternative Loan T</name>
        <lei>N/A</lei>
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        <name>TSY INFL IX N/B</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <name>NOTA DO TESOURO NACIONAL</name>
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        <name>TSY INFL IX N/B</name>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>TSY INFL IX N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Inflation Indexed Bonds</title>
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        <name>SANDS CHINA LTD</name>
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        <title>Sands China Ltd</title>
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        <name>Fannie Mae - CAS</name>
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        <name>REPUBLIC OF PERU</name>
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        <name>Government National Mortgage A</name>
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        <name>BAUSCH HEALTH AMERICAS</name>
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        <name>BP CAP MARKETS AMERICA</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America Inc</title>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>Freddie Mac - SCRT</name>
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        <name>Goldman Sachs Bank USA</name>
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        <name>Fannie Mae - CAS</name>
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        <name>FHLMC Multifamily Structured P</name>
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        <title>Freddie Mac Multifamily Structured Pass Through Certificates</title>
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      <invstOrSec>
        <name>CD Commercial Mortgage Trust</name>
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        <title>CD 2017-CD5 Mortgage Trust</title>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2023-SMRT</title>
        <cusip>17291NAA9</cusip>
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          <isin value="US17291NAA90"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2040-10-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.01468600</annualizedRt>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2022-CLS</title>
        <cusip>05609XAA9</cusip>
        <identifiers>
          <isin value="US05609XAA90"/>
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        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466046.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>QAZAQGAZ NC JSC</name>
        <lei>635400YGLXBBSVHONW39</lei>
        <title>QazaqGaz NC JSC</title>
        <cusip>48668NAA9</cusip>
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          <isin value="US48668NAA90"/>
          <other otherDesc="SEDOL" value="BD35XN6"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1590245.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2022-LP2</title>
        <cusip>05610HAN3</cusip>
        <identifiers>
          <isin value="US05610HAN35"/>
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        <balance>469000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>469323.70000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM COR</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp</title>
        <cusip>674599CM5</cusip>
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          <isin value="US674599CM50"/>
          <other otherDesc="SEDOL" value="BZ1C634"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>791267.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TSY INFL IX N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Inflation Indexed Bonds</title>
        <cusip>912810TE8</cusip>
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          <isin value="US912810TE82"/>
          <other otherDesc="SEDOL" value="BNYF3S0"/>
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        <balance>7415872.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <title>CDS CDX.NA.HY.44.V1</title>
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                <issuerName>IHS MARKIT LTD</issuerName>
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      <invstOrSec>
        <name>Boca Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BOCA Commercial Mortgage Trust 2024-BOCA</title>
        <cusip>096817AA9</cusip>
        <identifiers>
          <isin value="US096817AA90"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392331.69000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.28378000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>REPUBLIC OF PERU</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Peruvian Government International Bond</title>
        <cusip>715638DS8</cusip>
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          <isin value="US715638DS81"/>
          <other otherDesc="SEDOL" value="BMV3391"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152070.00000000</valUSD>
        <pctVal>0.070579117444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Western Asset Premier Institutional Government Reserves</name>
        <lei>549300WB3XRN9YTWFB76</lei>
        <title>Western Asset Premier Institutional Government Reserves</title>
        <cusip>52470G494</cusip>
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          <isin value="US52470G4947"/>
          <ticker value="WACXX"/>
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        <balance>8146162.10000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8146162.10000000</valUSD>
        <pctVal>3.780817594401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137ARKV7</cusip>
        <identifiers>
          <isin value="US3137ARKV73"/>
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        <balance>15346.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67.89000000</valUSD>
        <pctVal>0.000031509280</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLENCORE FUNDING LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
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          <isin value="US378272AQ19"/>
          <other otherDesc="SEDOL" value="BDFW2K5"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>ENTERPRISE PRODUCTS OPER</name>
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        <title>Enterprise Products Operating LLC</title>
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      <invstOrSec>
        <name>TSY INFL IX N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Inflation Indexed Bonds</title>
        <cusip>912810QP6</cusip>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>Morgan Stanley &amp; Co</title>
        <cusip>000000000</cusip>
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        <balance>-42384396.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-42384396.44000000</valUSD>
        <pctVal>-19.6715545088</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-05</maturityDt>
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        <name>Fannie Mae - CAS</name>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <cusip>05608RAJ4</cusip>
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          <isin value="US05608RAJ41"/>
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        <curCd>USD</curCd>
        <valUSD>850979.88000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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          <isin value="US3140QQWS07"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
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          <isin value="US20754EAB11"/>
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        <curCd>USD</curCd>
        <valUSD>331004.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CRSO 2023-BRND A</name>
        <lei>N/A</lei>
        <title>CRSO 2023-BRND A</title>
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          <isin value="US228925AA15"/>
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        <balance>430000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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          <other otherDesc="INTERNAL" value="RP1018057"/>
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        <valUSD>-4799607.10000000</valUSD>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY &amp; CO. LLC"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.48000000</repurchaseRt>
          <maturityDt>2025-12-05</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <invstCatConditional desc="Cash" invstCat="Other instrument"/>
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            <repurchaseCollateral>
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              <invstCat>UST</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>MEXICAN UDIBONOS</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Udibonos</title>
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        <identifiers>
          <isin value="MX0SGO0000F0"/>
          <other otherDesc="SEDOL" value="BD39J29"/>
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        <currencyConditional curCd="MXN" exchangeRt="18.66450000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EOG RESOURCES INC</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources Inc</title>
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          <isin value="US26875PAU57"/>
          <other otherDesc="SEDOL" value="BLBMLZ3"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40249.98000000</valUSD>
        <pctVal>0.018680923690</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSY INFL IX N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Inflation Indexed Bonds</title>
        <cusip>9128285W6</cusip>
        <identifiers>
          <isin value="US9128285W63"/>
          <other otherDesc="SEDOL" value="BJB9TW3"/>
        </identifiers>
        <balance>11497140.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11471021.72000000</valUSD>
        <pctVal>5.323959947314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-10-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Western Asset Inflation-Linked Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
