0001193125-12-495141.txt : 20121207 0001193125-12-495141.hdr.sgml : 20121207 20121207143145 ACCESSION NUMBER: 0001193125-12-495141 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121207 DATE AS OF CHANGE: 20121207 EFFECTIVENESS DATE: 20121207 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: 121249548 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 S000016649 Western Asset Mortgage Backed Securities Fund C000046506 Class A C000046507 Class B C000046508 Class C C000046509 Class I C000046510 Class 1 C000062461 Class FI C000062462 Class R C000088509 Class R1 C000118880 Class IS 497 1 d433464d497.htm WA MORTGAGE BACKED SECURITIES FUND WA Mortgage Backed Securities Fund

Bingham McCutchen LLP

One Federal Street

Boston, Massachusetts 02110

December 7, 2012

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

 

Re: Western Asset Mortgage Backed Securities 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 November 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 lmpit27-20121128.xml XBRL INSTANCE DOCUMENT 0000764624 2011-08-02 2012-08-01 0000764624 lmpit27:S000016649Member 2011-08-02 2012-08-01 Other 2011-12-31 LEGG MASON PARTNERS INCOME TRUST 0000764624 false 2012-11-28 2012-11-28 2012-08-01 <font style="font-family:ARIAL" size="2"><b>LEGG MASON PARTNERS INCOME TRUST </b></font><p style="margin-top:12px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>SUPPLEMENT DATED NOVEMBER 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 AND PROSPECTUS, </b></font></p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>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 MORTGAGE BACKED SECURITIES FUND </b></font></p><p style="margin-top:10px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>Effective as of January&nbsp;1, 2013, the following text replaces any inconsistent information in the section titled &#8220;Fees and expenses of the fund&#8221; in the fund&#8217;s Summary Prospectus and Prospectus: </b></font></p> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="85%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" colspan="3"><font style="font-family:ARIAL" size="1"><b>Shareholder fees </b>(fees paid directly from your investment)<b></b></font></td></tr> <tr> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">Class&nbsp;1</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Maximum sales charge (load) imposed on purchases (as a % of offering price)&nbsp;(%)</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">N/A</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time)&nbsp;(%)</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="top" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">None</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Small account fee<sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">$15</font></td></tr> </table> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="85%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" colspan="3"><font style="font-family:ARIAL" size="1"><b>Annual fund operating expenses </b>(expenses that you pay each year as a percentage of the value of your&nbsp;investment) <b>(%)</b></font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Management fees<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.50</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Distribution and service (12b-1) fees</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">None</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Other expenses</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="top" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.24</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Total annual fund operating expenses<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.74</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Fees waived and/or expenses reimbursed</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">&#8212;<sup style="vertical-align:baseline; position:relative; bottom:.8ex">3</sup></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Total annual fund operating expenses after waiving fees and/or reimbursing expenses<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.74</font></td></tr> </table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup>&nbsp;</font></td> <td align="left" valign="top"> <font style="font-family:ARIAL" size="1">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&#8217;s books and records. </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup>&nbsp;</font></td> <td align="left" valign="top"> <font style="font-family:ARIAL" size="1">The management fees and total annual fund operating expenses have been restated to reflect current management fees. </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">3</sup>&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="1">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 for Class 1 shares are not expected to exceed total annual operating expenses for Class&nbsp;A shares. This arrangement cannot be terminated prior to December&nbsp;31, 2014 without the Board of Trustees&#8217; consent. </font></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="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">You invest $10,000 in the fund for the time periods indicated </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">Your investment has a 5% return each year and the fund&#8217;s operating expenses remain the same </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">You reinvest all distributions and dividends without a sales charge </font></td></tr></table> <p style="margin-top:10px;margin-bottom:0px"><font style="font-family:ARIAL" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="57%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="2%"></td> <td width="7%"></td> <td valign="bottom" width="2%"></td> <td width="7%"></td> <td valign="bottom" width="2%"></td> <td width="8%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>Number of years you own your shares ($)</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>1&nbsp;year</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>3&nbsp;years</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>5&nbsp;years</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom" align="center"><font style="font-family:ARIAL" size="1"><b>10&nbsp;years</b></font></td></tr> <tr> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Class&nbsp;1 (with or without redemption at end of period)</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">76</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">237</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">412</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom" align="center"><font style="font-family:ARIAL" size="1">919</font></td></tr> </table> <font style="font-family:ARIAL" size="2"><b>LEGG MASON PARTNERS INCOME TRUST </b></font><p style="margin-top:12px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>SUPPLEMENT DATED NOVEMBER 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 AND PROSPECTUS, </b></font></p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>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 MORTGAGE BACKED SECURITIES FUND </b></font></p><p style="margin-top:10px;margin-bottom:0px"><font style="font-family:ARIAL" size="2"><b>Effective as of January&nbsp;1, 2013, the following text replaces any inconsistent information in the section titled &#8220;Fees and expenses of the fund&#8221; in the fund&#8217;s Summary Prospectus and Prospectus: </b></font></p> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="85%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" colspan="3"><font style="font-family:ARIAL" size="1"><b>Shareholder fees </b>(fees paid directly from your investment)<b></b></font></td></tr> <tr> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">Class&nbsp;1</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Maximum sales charge (load) imposed on purchases (as a % of offering price)&nbsp;(%)</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">N/A</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time)&nbsp;(%)</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="top" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">None</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Small account fee<sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">$15</font></td></tr> </table> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="85%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" colspan="3"><font style="font-family:ARIAL" size="1"><b>Annual fund operating expenses </b>(expenses that you pay each year as a percentage of the value of your&nbsp;investment) <b>(%)</b></font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Management fees<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.50</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Distribution and service (12b-1) fees</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">None</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Other expenses</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="top" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.24</font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Total annual fund operating expenses<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.74</font></td></tr> <tr> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Fees waived and/or expenses reimbursed</font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">&#8212;<sup style="vertical-align:baseline; position:relative; bottom:.8ex">3</sup></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top" style="BORDER-BOTTOM:1px solid #b2b2b2"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Total annual fund operating expenses after waiving fees and/or reimbursing expenses<sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font></div></td> <td valign="bottom" style="BORDER-BOTTOM:1px solid #b2b2b2"><font size="1">&nbsp;</font></td> <td valign="bottom" align="center" style="BORDER-BOTTOM:1px solid #b2b2b2"><font style="font-family:ARIAL" size="1">0.74</font></td></tr> </table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup>&nbsp;</font></td> <td align="left" valign="top"> <font style="font-family:ARIAL" size="1">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&#8217;s books and records. </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup>&nbsp;</font></td> <td align="left" valign="top"> <font style="font-family:ARIAL" size="1">The management fees and total annual fund operating expenses have been restated to reflect current management fees. </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">3</sup>&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="1">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 for Class 1 shares are not expected to exceed total annual operating expenses for Class&nbsp;A shares. This arrangement cannot be terminated prior to December&nbsp;31, 2014 without the Board of Trustees&#8217; consent. </font></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="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">You invest $10,000 in the fund for the time periods indicated </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">Your investment has a 5% return each year and the fund&#8217;s operating expenses remain the same </font></td></tr></table> <p style="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&nbsp;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:ARIAL" size="2">&#149;</font></td> <td width="1%" valign="top"><font size="1">&nbsp;</font></td> <td align="left" valign="top"><font style="font-family:ARIAL" size="2">You reinvest all distributions and dividends without a sales charge </font></td></tr></table> <p style="margin-top:10px;margin-bottom:0px"><font style="font-family:ARIAL" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="57%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="2%"></td> <td width="7%"></td> <td valign="bottom" width="2%"></td> <td width="7%"></td> <td valign="bottom" width="2%"></td> <td width="8%"></td></tr> <tr bgcolor="#cceeff"> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>Number of years you own your shares ($)</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>1&nbsp;year</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>3&nbsp;years</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family:ARIAL" size="1"><b>5&nbsp;years</b></font></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom" align="center"><font style="font-family:ARIAL" size="1"><b>10&nbsp;years</b></font></td></tr> <tr> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:ARIAL" size="1">Class&nbsp;1 (with or without redemption at end of period)</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">76</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">237</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="top" align="center"> <div style="margin-left:1.00em; text-indent:-1.00em" align="center"><font style="font-family:ARIAL" size="1">412</font></div></td> <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td> <td valign="bottom" align="center"><font style="font-family:ARIAL" size="1">919</font></td></tr> </table> EX-101.SCH 3 lmpit27-20121128.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - Western Asset Mortgage Backed Securities Fund link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees {- Western Asset Mortgage Backed Securities Fund} link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {- Western Asset Mortgage Backed Securities Fund} link:presentationLink link:calculationLink link:definitionLink 000014 - Schedule - Expense Example {Transposed} {- Western Asset Mortgage Backed Securities Fund} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption {Transposed} {- Western Asset Mortgage Backed Securities Fund} link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns - Western Asset Mortgage Backed Securities Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} {- Western Asset Mortgage Backed Securities Fund} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - Western Asset Mortgage Backed Securities Fund link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - Western Asset Mortgage Backed Securities Fund link:presentationLink link:calculationLink link:definitionLink 000010 - Document - Risk/Return Supplement {Unlabeled} - Western Asset Mortgage Backed Securities Fund link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 lmpit27-20121128_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 lmpit27-20121128_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 lmpit27-20121128_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 7 lmpit27-20121128_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE ZIP 8 0001193125-12-495141-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-12-495141-xbrl.zip M4$L#!!0````(``)TAT'/?.]X``P``)"/```4`!P`;&UP:70R-RTR,#$R,3$R M."YX;6Q55`D``S-$PE`S1,)0=7@+``$$)0X```0Y`0``[5SK4^,X$O]^5?<_ MZ#+#%E21^,$[,+,5(#/++0$J";>SG[846TE\8UM>R8;D_OKKENW$>0`)A!D> M&JJF8EON;K5^ZFZUY#[Z=1#XY(8)Z?'P4\FJF"7"0H>[7MC[5$IDF4K'\TJ_ M?O[G/X[^52Y_.VZ>$Y<[2<#"F#B"T9BYI#,DS28YY6'(?)\-R5F#7`GN,"FY M(#L5$_]((H$D^9+\UXME0L["&'C&M,?(MS]HZ);+R&'0$3X!@4)9]8/(B^V] M3Z5^'$=5P[B]O:WXK-<+J.1AQ>&!89N6;5GV?BE[8R"]B=:W6Q4N>M#,M(QO MC?.6TVR83:,O!QA\J1*/C4G9(F:[QKI`_SII[DV[:U=P_QK,6(]HPLF7JL M@X,#0SW-FMY',]<=C!4A1_A252JU-EF7*"+5>!BQ3R7I!9&/'5/W^H)U/Y6R M$2WGXU892+=$C)26PP$0@YAX[J?2:2)H#'#\R[1K20^:6W^95OK+3EG#"X`_ M+QYF5W#MN7BGZS%!E$ALHA_Y,)V<_5[Z;,*_O=WM77O[R!B_EA,V)B@?14QX MW!WS`0V(^!1@_QD%*YO[9=,^,L9W1PU9Z.;-;-7,0M)NH=&142!^9&0J6$X? 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LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED NOVEMBER 28, 2012

TO THE SUMMARY PROSPECTUS AND PROSPECTUS,

EACH DATED AUGUST 1, 2012, OF

WESTERN ASSET MORTGAGE BACKED SECURITIES FUND

Effective as of January 1, 2013, the following text replaces any inconsistent information in the section titled “Fees and expenses of the fund” in the fund’s Summary Prospectus and Prospectus:

 

Shareholder fees (fees paid directly from your investment)
    Class 1
Maximum sales charge (load) imposed on purchases (as a % of offering price) (%)
  N/A
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) (%)
  None
Small account fee1
  $15

 

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)
Management fees2
  0.50
Distribution and service (12b-1) fees
  None
Other expenses
  0.24
Total annual fund operating expenses2
  0.74
Fees waived and/or expenses reimbursed
  3
Total annual fund operating expenses after waiving fees and/or reimbursing expenses2
  0.74

 

  1  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.

 

  2  The management fees and total annual fund operating expenses have been restated to reflect current management fees.

 

  3  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 for Class 1 shares are not expected to exceed total annual operating expenses for Class A shares. This arrangement cannot be terminated prior to December 31, 2014 without the Board of Trustees’ consent.

Example

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:

 

    You invest $10,000 in the fund for the time periods indicated

 

    Your investment has a 5% return each year and the fund’s operating expenses remain the same

 

    You reinvest all distributions and dividends without a sales charge

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Number of years you own your shares ($)    1 year    3 years    5 years    10 years
Class 1 (with or without redemption at end of period)
  
76
  
237
  
412
   919
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XML 13 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS INCOME TRUST
Prospectus Date rr_ProspectusDate Aug. 01, 2012
Supplement [Text Block] lmpit27_SupplementTextBlock LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED NOVEMBER 28, 2012

TO THE SUMMARY PROSPECTUS AND PROSPECTUS,

EACH DATED AUGUST 1, 2012, OF

WESTERN ASSET MORTGAGE BACKED SECURITIES FUND

Effective as of January 1, 2013, the following text replaces any inconsistent information in the section titled “Fees and expenses of the fund” in the fund’s Summary Prospectus and Prospectus:

 

Shareholder fees (fees paid directly from your investment)
    Class 1
Maximum sales charge (load) imposed on purchases (as a % of offering price) (%)
  N/A
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) (%)
  None
Small account fee1
  $15

 

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)
Management fees2
  0.50
Distribution and service (12b-1) fees
  None
Other expenses
  0.24
Total annual fund operating expenses2
  0.74
Fees waived and/or expenses reimbursed
  3
Total annual fund operating expenses after waiving fees and/or reimbursing expenses2
  0.74

 

  1  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.

 

  2  The management fees and total annual fund operating expenses have been restated to reflect current management fees.

 

  3  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 for Class 1 shares are not expected to exceed total annual operating expenses for Class A shares. This arrangement cannot be terminated prior to December 31, 2014 without the Board of Trustees’ consent.

Example

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:

 

    You invest $10,000 in the fund for the time periods indicated

 

    Your investment has a 5% return each year and the fund’s operating expenses remain the same

 

    You reinvest all distributions and dividends without a sales charge

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Number of years you own your shares ($)    1 year    3 years    5 years    10 years
Class 1 (with or without redemption at end of period)
  
76
  
237
  
412
   919
Western Asset Mortgage Backed Securities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit27_SupplementTextBlock LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED NOVEMBER 28, 2012

TO THE SUMMARY PROSPECTUS AND PROSPECTUS,

EACH DATED AUGUST 1, 2012, OF

WESTERN ASSET MORTGAGE BACKED SECURITIES FUND

Effective as of January 1, 2013, the following text replaces any inconsistent information in the section titled “Fees and expenses of the fund” in the fund’s Summary Prospectus and Prospectus:

 

Shareholder fees (fees paid directly from your investment)
    Class 1
Maximum sales charge (load) imposed on purchases (as a % of offering price) (%)
  N/A
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) (%)
  None
Small account fee1
  $15

 

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) (%)
Management fees2
  0.50
Distribution and service (12b-1) fees
  None
Other expenses
  0.24
Total annual fund operating expenses2
  0.74
Fees waived and/or expenses reimbursed
  3
Total annual fund operating expenses after waiving fees and/or reimbursing expenses2
  0.74

 

  1  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.

 

  2  The management fees and total annual fund operating expenses have been restated to reflect current management fees.

 

  3  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 for Class 1 shares are not expected to exceed total annual operating expenses for Class A shares. This arrangement cannot be terminated prior to December 31, 2014 without the Board of Trustees’ consent.

Example

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:

 

    You invest $10,000 in the fund for the time periods indicated

 

    Your investment has a 5% return each year and the fund’s operating expenses remain the same

 

    You reinvest all distributions and dividends without a sales charge

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Number of years you own your shares ($)    1 year    3 years    5 years    10 years
Class 1 (with or without redemption at end of period)
  
76
  
237
  
412
   919
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Document and Entity Information
12 Months Ended
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Risk/Return:  
Document Type Other
Document Period End Date Dec. 31, 2011
Registrant Name LEGG MASON PARTNERS INCOME TRUST
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Document Effective Date Nov. 28, 2012
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