File Nos. 33-34929

811-06110

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 26, 2014

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

  FORM N-1A   
  REGISTRATION STATEMENT   
  UNDER   
  THE SECURITIES ACT OF 1933    x     
  Pre-Effective Amendment No.        ¨     
  Post-Effective Amendment No. 74    x     
  REGISTRATION STATEMENT   
  UNDER   
  THE INVESTMENT COMPANY ACT OF 1940   
  Amendment No. 76    x     

 

 

WESTERN ASSET FUNDS, INC.

(Formerly LM Institutional Fund Advisors I, Inc.)

(Exact Name of Registrant as Specified in Charter)

 

 

100 International Drive

Baltimore, Maryland 21202

(Address of principal executive offices)

Registrant’s telephone number, including area code: (410) 539-0000

Richard M. Wachterman, Esq.

Legg Mason & Co., LLC

100 International Drive

Baltimore, Maryland 21202

(Name and Address of Agent for Service)

 

 

COPY TO:

Bryan Chegwidden, Esq.

Ropes & Gray LLP

1211 Avenue of the Americas

New York, New York 10036

 

 

It is proposed that this filing will become effective:

 

¨ Immediately upon filing pursuant to Rule 485(b)
x On April 24, 2014, pursuant to Rule 485(b)
¨ 60 days after filing pursuant to Rule 485 (a)(1)
¨ On [                    ], pursuant to Rule 485 (a)(1)
¨ 75 days after filing pursuant to Rule 485(a)(2)
¨ On [                    ], pursuant to Rule 485(a)(2)

If appropriate, check the following box:

 

x This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

NOTE: This Post-Effective Amendment No. 74 is being filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended (the “Securities Act”), solely to designate April 24, 2014 as the new effective date for Post-Effective Amendment No. 71 filed pursuant to Rule 485(a) under the Securities Act on January 27, 2014. Post-Effective Amendment No. 71 was initially scheduled to become effective on March 28, 2014. This Post-Effective Amendment No. 74 is not intended to amend or supersede any information contained in Post-Effective Amendment No. 71.

 

 

 

This filing relates solely to the Western Asset Total Return Unconstrained Fund. No information contained herein is intended to amend or supersede any prior filing relating to any other series of the Registrant.

WESTERN ASSET FUNDS, INC.

Part A. INFORMATION REQUIRED IN A PROSPECTUS

Part A is incorporated by reference to Part A of Post-Effective Amendment No. 71 to the Registration Statement on Form N-1A of Western Asset Funds, Inc. (the “Registrant”) under the Securities Act of 1933, as amended, and Amendment No. 73 to the Registrant’s Registration Statement on Form N-1A under the Investment Company Act of 1940, as amended (the “1940 Act”), filed with the Securities and Exchange Commission (the “SEC”) on January 27, 2014 (“Amendment No. 71/73”).

Part B. INFORMATION REQUIRED IN A STATEMENT OF ADDITIONAL INFORMATION

Part B is incorporated by reference to Part B of Amendment No. 71/73 to the Registrant’s Registration Statement on Form N-1A filed with the SEC on January 27, 2014.

Part C. OTHER INFORMATION

Part C is incorporated by reference to Part C of Amendment No. 71/73 to the Registrant’s Registration Statement on Form N-1A filed with the SEC on January 27, 2014.

SIGNATURE PAGE

Pursuant to the requirements of the Securities Act and the Investment Company Act of 1940, as amended, the Registrant, Western Asset Funds, Inc., certifies that it meets all of the requirements of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 74 to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Baltimore and State of Maryland, on the 26th day of March, 2014.

 

WESTERN ASSET FUNDS, INC.
By:  

/s/ Kenneth D. Fuller

  Kenneth D. Fuller
  President and Chief Executive Officer

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

 

Signature

      

Title

 

Date

/s/ Ronald J. Arnault*

     Director   March 26, 2014
Ronald J. Arnault       

/s/ Robert Abeles, Jr.*

     Director   March 26, 2014
Robert Abeles, Jr.       

/s/ Anita L. DeFrantz*

     Director   March 26, 2014
Anita L. DeFrantz       

/s/ Avedick B. Poladian*

     Director   March 26, 2014
Avedick B. Poladian       

/s/ William E.B. Siart*

     Director   March 26, 2014
William E.B. Siart       

/s/ Jaynie M. Studenmund*

     Director   March 26, 2014
Jaynie M. Studenmund       

/s/ Ronald L. Olson*

     Director   March 26, 2014
Ronald L. Olson       

/s/ Kenneth D. Fuller

     President and Chief   March 26, 2014
Kenneth D. Fuller      Executive Officer  

/s/ Richard F. Sennett

     Principal Financial Officer   March 26, 2014
Richard F. Sennett      and Treasurer  

By:  

/s/ Richard F. Sennett

  Richard F. Sennett

 

* Attorney-in-Fact pursuant to Powers of Attorney previously filed

Date: March 26, 2014