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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <name>SMRT</name>
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          <couponKind>Floating</couponKind>
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        <name>GLENCORE FINANCE CANADA</name>
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        <name>EXXON MOBIL CORPORATION</name>
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        <title>Exxon Mobil Corp</title>
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        <name>SANDS CHINA LTD</name>
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        <invCountry>KY</invCountry>

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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>NEW YORK MERCANTILE EXCHANGE, INC.</name>
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        <name>Fannie Mae - CAS</name>
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        <name>SWCH Commercial Mortgage Trust</name>
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        <name>TSY INFL IX N/B</name>
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        <title>United States Treasury Inflation Indexed Bonds</title>
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        <name>TSY INFL IX N/B</name>
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        <title>United States Treasury Inflation Indexed Bonds</title>
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        <name>Origen Manufactured Housing</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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          <other otherDesc="INTERNAL" value="RP1018058"/>
        </identifiers>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3242911.02000000</valUSD>
        <pctVal>-0.54134620818</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY &amp; CO. LLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.48000000</repurchaseRt>
          <maturityDt>2025-12-05</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>19777.74000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>19777.74000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Cash" invstCat="Other instrument"/>
            </repurchaseCollateral>
            <repurchaseCollateral>
              <principalAmt>2000000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2040281.53000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-VOLT</title>
        <cusip>05609VAA3</cusip>
        <identifiers>
          <isin value="US05609VAA35"/>
        </identifiers>
        <balance>881633.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>880520.17000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2025-COPT</title>
        <cusip>05618XAA8</cusip>
        <identifiers>
          <isin value="US05618XAA81"/>
        </identifiers>
        <balance>1490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1494658.93000000</valUSD>
        <pctVal>0.249506674495</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEXICAN UDIBONOS</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexican Udibonos</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX0SGO0000F0"/>
          <other otherDesc="SEDOL" value="BD39J29"/>
        </identifiers>
        <balance>64039327.50000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="18.66450000"/>
        <valUSD>3363882.34000000</valUSD>
        <pctVal>0.561540214426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 Opportunities &amp; 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>
