WESTERN ASSET INFLATION-LINKED INCOME FUND

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund. Launched by Guggenheim Partners, LLC, the fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte. Ltd. It invests in fixed income markets globally, primarily focusing on investment-grade, inflation-linked securities. These securities include U.S. TIPS, corporate bonds, and mortgage-backed securities. The fund aims to maintain an average portfolio duration between zero and 15 years. Its performance is benchmarked against the Barclays U.S. Government Inflation-Linked 1-10 Year Index and the Barclays U.S. Government Inflation-Linked All Maturities Index. The fund was established on September 25, 2003, and is based in the United States.