Western Asset Income Fund is a closedended fixed income mutual fund launched and managed by Western Asset Management Company It is comanaged by Western Asset Management Company Limited The fund invests in the fixed income markets of the United States It primarily invests in investment grade debt including government securities bank debt commercial paper and cash or cash equivalents The fund benchmarks the performance of its portfolio against the Barclays US Corporate High Yield Index and the Barclays US Credit Index Western Asset Income Fund was formed on March 22 1973 and is domiciled in the United States