0001193125-13-246959.txt : 20130604 0001193125-13-246959.hdr.sgml : 20130604 20130604162510 ACCESSION NUMBER: 0001193125-13-246959 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130604 DATE AS OF CHANGE: 20130604 EFFECTIVENESS DATE: 20130604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEGG MASON PARTNERS EQUITY TRUST CENTRAL INDEX KEY: 0000880366 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-43446 FILM NUMBER: 13891607 BUSINESS ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 1-877-721-1926 MAIL ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: LEGG MASON PARTNERS INVESTMENT TRUST DATE OF NAME CHANGE: 20060407 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY INVESTMENT TRUST DATE OF NAME CHANGE: 19950831 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY SHEARSON INCOME TRUST DATE OF NAME CHANGE: 19931213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEGG MASON PARTNERS EQUITY TRUST CENTRAL INDEX KEY: 0000880366 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06444 FILM NUMBER: 13891608 BUSINESS ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 1-877-721-1926 MAIL ADDRESS: STREET 1: LEGG MASON & CO., LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: LEGG MASON PARTNERS INVESTMENT TRUST DATE OF NAME CHANGE: 20060407 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY INVESTMENT TRUST DATE OF NAME CHANGE: 19950831 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY SHEARSON INCOME TRUST DATE OF NAME CHANGE: 19931213 0000880366 S000016238 ClearBridge Small Cap Value Fund C000044871 Class A SBVAX C000044872 Class B SBVBX C000044873 Class C SBVLX C000044874 Class I SMCYX C000058931 Class FI C000058932 Class R C000082536 Class R1 C000127028 Class IS 0000880366 S000016241 ClearBridge Tactical Dividend Income Fund C000044883 Class A CFLGX C000044885 Class C SMDLX C000044886 Class I LADIX C000059787 Class FI C000059788 Class R C000083424 Class R1 C000127029 Class IS 485BPOS 1 d502661d485bpos.htm LMP EQUITY TRUST LMP EQUITY TRUST

As filed with the U.S. Securities and Exchange Commission on June 4, 2013

Securities Act File No. 33-43446

Investment Company Act File No. 811-06444

 

 

 

UNITED STATES

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. 275   x

and/or

REGISTRATION STATEMENT

UNDER

  THE INVESTMENT COMPANY ACT OF 1940   x
  Amendment No. 275  

(Check appropriate box or boxes)

 

 

Legg Mason Partners Equity Trust

(Exact Name of Registrant as Specified in Charter)

 

 

 

620 Eighth Avenue, 49th Floor, New York, New York   10018
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, including Area Code (877) 721-1926

 

 

Robert I. Frenkel

Legg Mason Partners Equity Trust

100 First Stamford Place

Stamford, Connecticut 06902

(Name and Address of Agent for Service)

COPY TO:

Benjamin J. Haskin, Esq.

Willkie Farr & Gallagher LLP

1875 K Street, N.W.

Washington, D.C. 20006

 

 

Continuous

(Approximate Date of Proposed Offering)

 

 

It is proposed that this filing will become effective:

 

  x immediately upon filing pursuant to paragraph (b)
  ¨ on             pursuant to paragraph (b)
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ on             pursuant to paragraph (a)(1)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on             pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

 

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

This filing relates solely to ClearBridge Small Cap Value Fund and ClearBridge Tactical Dividend Income Fund.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the Investment Company Act of 1940, as amended, the Registrant, LEGG MASON PARTNERS EQUITY TRUST, hereby certifies that it meets all the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Baltimore, State of Maryland on this 4th day of June 2013.

LEGG MASON PARTNERS EQUITY TRUST, on behalf of ClearBridge Small Cap Value Fund and ClearBridge Tactical Dividend Income Fund.

 

By:  

/s/ Kenneth D. Fuller

  Kenneth D. Fuller
  President and Chief Executive Officer

WITNESS our hands on the date set forth below.

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated below on June 4, 2013.

 

Signature

    

Title

   

/s/ Kenneth D. Fuller

     President, Chief Executive Officer and Trustee  
Kenneth D. Fuller       

/s/ Richard F. Sennett

     Principal Financial Officer  
Richard F. Sennett       

Paul R. Ades*

     Trustee  
Paul R. Ades       

Andrew L. Breech*

     Trustee  
Andrew L. Breech       

Dwight B. Crane*

     Trustee  
Dwight B. Crane       

Frank G. Hubbard*

     Trustee  
Frank G. Hubbard       

Howard J. Johnson*

     Trustee  
Howard J. Johnson       

Jerome H. Miller*

     Trustee  
Jerome H. Miller       

Ken Miller*

     Trustee  
Ken Miller       

John J. Murphy*

     Trustee  

John J. Murphy

      


Thomas F. Schlafly*

     Trustee  
Thomas F. Schlafly       

Jerry A. Viscione*

     Trustee  
Jerry A. Viscione       

 

*By:  

/s/ Kenneth D. Fuller

  Kenneth D. Fuller, as Agent


EXHIBIT INDEX

 

Index No.

  

Description of Exhibit

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
EX-101.INS 3 lmpet1-20130321.xml XBRL INSTANCE DOCUMENT 0000880366 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000044871Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000044872Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000044873Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000058931Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000058932Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000082536Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000044874Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:C000127028Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000044883Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000044885Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000059787Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000059788Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000083424Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000044886Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:C000127029Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member rr:AfterTaxesOnDistributionsMember lmpet1:C000044871Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member rr:AfterTaxesOnDistributionsAndSalesMember lmpet1:C000044871Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016238Member lmpet1:RussellTwoThousandValueIndexDomainMember 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member rr:AfterTaxesOnDistributionsAndSalesMember lmpet1:C000044883Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member rr:AfterTaxesOnDistributionsMember lmpet1:C000044883Member 2012-05-21 2013-05-20 0000880366 lmpet1:S000016241Member lmpet1:DowJonesUsSelectDividendIndexMember 2012-05-21 2013-05-20 pure iso4217:USD 485BPOS 2013-03-21 LEGG MASON PARTNERS EQUITY TRUST 0000880366 false 2013-03-21 2013-05-20 2013-05-20 ClearBridge<br/>Small Cap<br/>Value<br/>Fund Investment objective The fund seeks long-term capital growth. Fees and expenses of the fund The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.<br/><br/>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (&#8220;LMIS&#8221;), the fund&#8217;s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 17 under the heading &#8220;Sales charges&#8221; and in the fund&#8217;s statement of additional information (&#8220;SAI&#8221;) on page 48 under the heading &#8220;Sales Charge Waivers and Reductions.&#8221;<br/><br/>The fund no longer offers Class B shares or Class R1 shares for purchase by new or existing investors. Class B shares will continue to be available for dividend reinvestment and incoming exchanges. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (&#8220;LMIS&#8221;), the fund&#8217;s distributor. 25000 0.0575 0 0 0 0 0 0 0 0.05 0.01 0 0 0 0 0 15 15 15 0 0 0 0 0 0 <b>Shareholder fees</b> (fees paid directly from your investment) <b>Annual fund operating expenses</b> (expenses that you pay each year as a percentage of the value of<br/>your investment) <b>(%)</b> 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0 0 0.01 0.005 0.0025 0.01 0.01 0.0025 0.0023 0.0062 0.0038 0.0031 0.0031 0.0031 0.0038 0.0011 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0125 0.0239 0.0215 0.0133 0.0158 0.0208 0.0115 0.0088 -0.0012 -0.0008 0.0088 0.0107 0.0208 0.0158 0.0133 0.0215 0.0227 0.0125 ClearBridge<br/>Tactical<br/>Dividend<br/>Income<br/>Fund Investment objectives Fees and expenses of the fund The fund&#8217;s primary investment objective is to generate high current income, with capital appreciation as a secondary objective. The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.<br/><br/>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (&#8220;LMIS&#8221;), the fund&#8217;s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 22 under the heading &#8220;Sales charges&#8221; and in the fund&#8217;s statement of additional information (&#8220;SAI&#8221;) on page 65 under the heading &#8220;Sales Charge Waivers and Reductions.&#8221;<br/><br/>The fund no longer offers Class R1 shares for purchase by new or existing investors. <b>Shareholder fees </b>(fees paid directly from your investment) <b>Annual fund operating expenses</b> (expenses that you pay each year as a percentage of the value of<br/> your investment) (%) December 31, 2014 Other expenses&#8221; for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates. <b>Portfolio turnover.</b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. During the most recent fiscal year, the fund&#8217;s portfolio turnover rate was 125% of the average value of its portfolio. 1.25 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (&#8220;LMIS&#8221;), the fund&#8217;s distributor. 25000 <b>Example</b> 0.0575 0 0 0 0 0 0 695 730 318 135 161 211 109 90 949 1034 673 421 499 652 358 281 1222 1365 1154 728 861 1119 625 488 0.01 0 0 0 0 0 1999 2434 2482 1600 1879 2411 1391 1084 15 15 0 0 0 0 0 695 230 218 135 161 211 109 90 949 734 673 421 499 652 358 281 1222 1154 1265 728 861 1119 625 488 1999 2434 2482 1600 1879 2411 1391 1084 0 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0.0025 0.005 0.01 0 0 0.0148 0.0219 0.0156 0.0181 0.0231 0.0119 0.0111 0.0048 0.0044 0.0056 0.0056 0.0056 0.0044 0.0036 0.0125 0.02 0.0125 0.015 0.02 0.01 0.01 -0.0023 -0.0019 -0.0031 -0.0031 -0.0031 -0.0019 -0.0011 &#8220;Other expenses&#8221; for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates. Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables contained in this Prospectus and in the fund&#8217;s shareholder reports, because the ratios in the financial highlights tables reflect the fund&#8217;s operating expenses and do not include acquired fund fees and expenses. 695 December 31, 2014 <b>Example</b> 303 127 153 203 102 102 <b>Portfolio turnover.</b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. During the most recent fiscal year, the fund&#8217;s portfolio turnover rate was 23% of the average value of its portfolio. 994 667 462 539 692 359 342 0.23 Principal investment strategies Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in common stocks and other equity securities of small capitalization U.S. companies or in other investments with similar economic characteristics. The fund may invest up to 20% of its net assets in shares of companies with larger market capitalizations. 1315 1158 820 951 1207 636 601 2222 2511 1830 2102 2621 1426 1342 Certain risks 695 203 127 153 203 102 102 994 667 462 539 692 359 342 1315 1158 820 951 1207 636 601 2222 2511 1830 2102 2621 1426 1342 Risk is inherent in all investing. There is no assurance that the fund will meet its investment objective. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.<br/><br/><b>Stock market and equity securities risk.</b> The securities markets are volatile and the market prices of the fund&#8217;s securities may decline generally. Securities fluctuate in price based on changes in a company&#8217;s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time. <br/><br/><b>Small capitalization company risk.</b> The fund will be exposed to additional risks as a result of its investments in the securities of small capitalization companies. Small capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses. <br/><br/><b>Value investing risk.</b> The value approach to investing involves the risk that stocks may remain undervalued. Value stocks may underperform the overall equity market while the market concentrates on growth stocks. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries. <br/><br/><b>Issuer risk.</b> The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors. <br/><br/><b>Portfolio selection risk.</b> The value of your investment may decrease if the subadviser&#8217;s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect. <br/><br/><b>Liquidity risk.</b> Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss. <br/><br/><b>Risk of increase in expenses.</b> Your actual costs of investing in the fund may be higher than the expenses shown in &#8220;Annual fund operating expenses&#8221; for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. <br/><br/>These risks are discussed in more detail later in this Prospectus or in the SAI. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. Performance The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund&#8217;s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund&#8217;s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund&#8217;s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926.<br/><br/>The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.<br/><br/>Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown. <b>Number of years you own your shares ($)</b> <b>Number of years you own your shares ($)</b> 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: <ul type="square"><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You invest $10,000 in the fund for the time periods indicated</li><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your investment has a 5% return each year and the fund&#8217;s operating expenses remain the same</li><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You reinvest all distributions and dividends without a sales charge</li></ul>Although your actual costs may be higher or lower, based on these assumptions your costs would be: The bar chart shows changes in the fund&#8217;s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund&#8217;s performance with the average annual total returns of an index or other benchmark. 1-877-721-1926 The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown. http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class) <b>Total returns</b> (before taxes) <b>(%)</b> 0.3744 0.208 0.066 0.1138 -0.0255 -0.3594 0.3287 0.2493 -0.0713 0.1529 Calendar Years ended December 31<br/><br/>Best quarter<br/>(09/30/2009): 22.93<br/><br/>Worst quarter<br/>(12/31/2008): (27.47) Best quarter 2009-09-30 0.2293 Worst quarter 2008-12-31 -0.2747 <b>Average annual total returns</b> (for periods ended December 31, 2012) <b>(%)</b> You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. Principal investment strategies Certain risks Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in equity and equity-related securities that provide investment income, dividend payments or other distributions or in other investments with similar economic characteristics. The fund may invest in equity and equity-related securities of issuers with any market capitalization.<br /><br />The fund invests in a diversified portfolio of equity and equity-related securities, including common stocks, preferred stocks, convertible preferred stocks and other securities convertible into equity securities, master limited partnerships (&#8220;MLPs&#8221;), real estate investment trusts (&#8220;REITs&#8221;), closed-end investment companies, including business development companies (&#8220;BDCs&#8221;), and royalty trusts. The fund may invest up to 50% of its net assets in foreign securities, including securities of issuers in emerging market countries.<br /><br />The fund may also seek to generate current income from short-term gains earned through an option strategy which may consist of writing (selling) call options on equity securities in its portfolio (&#8220;covered calls&#8221;) and on broader equity market indexes, or writing (selling) put options on such securities or indexes. The fund&#8217;s investments in options on equity securities and equity market indexes are included in the 80% policy described above. Risk is inherent in all investing. There is no assurance that the fund will meet its investment objectives. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.<br /><br /><b>Stock market and equity securities risk.</b> The securities markets are volatile and the market prices of the fund&#8217;s securities may decline generally. Securities fluctuate in price based on changes in a company&#8217;s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.<br /><br /><b>Fixed income securities risk.</b> Fixed income securities are subject to a number of risks, including credit, market and interest rate risks. Credit risk is the risk that the issuer or obligor will not make timely payments of principal and interest. Changes in an issuer&#8217;s credit rating or the market&#8217;s perception of an issuer&#8217;s creditworthiness may also affect the value of the fund&#8217;s investment in that issuer. Market risk is the risk that the fixed income markets may become volatile and less liquid, and the market value of an investment may move up or down, sometimes quickly or unpredictably. Interest rate risk is the risk that the value of a fixed income security will fall when interest rates rise. In general, the longer the maturity and the lower the credit quality of a fixed income security, the more likely its value will decline.<br /><br /><b>Income-producing securities risk.</b> The fund&#8217;s emphasis on equity and equity-related securities that produce income or other distributions involves the risk that such securities may fall out of favor with investors and underperform the market. Also, an issuer may reduce or eliminate its income payments or other distributions. The distributions received by the fund may not qualify as income for fund investors.<br /><br /><b>Issuer risk.</b> The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors.<br /><br /><b>Large capitalization company risk.</b> Large capitalization companies may fall out of favor with investors.<br /><br /><b>Small and medium capitalization company risk.</b> The fund will be exposed to additional risks as a result of its investments in the securities of small and medium capitalization companies. Small and medium capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small and medium capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small and medium capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.<br /><br /><b>MLP risk.</b> Holders of MLP units have limited control and voting rights on matters affecting the partnership. In addition, there are certain tax risks associated with an investment in MLP units and the potential for conflicts of interest exist between common unit holders and the general partner, including those arising from incentive distribution payments. The benefit the fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be reduction in the after-tax return to the fund of distributions from the MLP, likely causing a reduction in the value of the fund&#8217;s shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on the fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.<br /><br /><b>Derivatives risk.</b> Using derivatives may have a leveraging effect, which may result in a disproportionate increase in fund losses on the investment, and reduce opportunities for gains when market prices, interest rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives also can increase fund volatility. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. The fund may incur additional costs related to derivatives, such as transaction costs and custody expenses, which can adversely affect the fund&#8217;s performance. Recent legislation calls for new regulation of the derivatives markets. The extent and impact of the regulation are not yet fully known and may not be for some time. New regulation of derivatives may make them more costly, may limit their availability, or may otherwise adversely affect their value or performance.<br /><br /><b>Growth and value investing risk.</b> Growth or value securities as a group may be out of favor and underperform the overall equity market while the market concentrates on other types of securities. Growth securities typically are very sensitive to market movements because their market prices tend to reflect future expectations. When it appears those expectations will not be met, the prices of growth securities typically fall. The value approach to investing involves the risk that stocks may remain undervalued. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many growth or value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.<br /><br /><b>REITs risk.</b> Investments in REITs expose the fund to risks similar to investing directly in real estate, such as changes in the value of the underlying real estate, the quality of the property management, the creditworthiness of the issuer of the investments, and changes in property taxes, interest rates and the real estate regulatory environment. REITs may be leveraged, which increases risk. Certain REITS charge management fees, which may result in layering the management fee paid by the fund. REITS may be leveraged, which increases risk.<br /><br /><b>Foreign investments risk.</b> The fund&#8217;s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the fund&#8217;s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable government actions, and political or financial instability. Lack of information may also affect the value of these securities.<br /><br />The risks of foreign investments are heightened when investing in issuers in emerging market countries.<br /><br /><b>Currency risk.</b> The value of investments in securities denominated in foreign currencies increases or decreases as the rates of exchange between those currencies and the U.S. dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile, and are affected by factors such as general economic conditions, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls and speculation.<br /><br /><b>Liquidity risk.</b> Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss.<br /><br /><b>Valuation risk.</b> The sales price the fund could receive for any particular portfolio investment may differ from the fund&#8217;s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair value methodology. Investors who purchase or redeem fund shares on days when the fund is holding fair-valued securities may receive fewer or more shares or lower or higher redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology.<br /><br /><b>Market sector risk.</b> The fund may be significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund&#8217;s performance to be more sensitive to developments affecting those companies, industries or sectors.<br /><br /><b>Portfolio selection risk.</b> The value of your investment may decrease if the subadviser&#8217;s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect.<br /><br /><b>Risk of increase in expenses.</b> Your actual costs of investing in the fund may be higher than the expenses shown in &#8220;Annual fund operating expenses&#8221; for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. <br /><br />These risks are discussed in more detail later in this Prospectus or in the SAI. 0.0868 0.0868 0.0564 0.0907 0.1329 0.155 0.1805 Performance 0.0142 0.0103 0.0103 0.0173 0.0175 0.0295 0.0355 0.075 0.0654 0.0632 0.0757 0.0724 0.095 0.0914 2003-04-14 The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund&#8217;s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund&#8217;s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund&#8217;s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926. <br /><br />The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. <br /><br />Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown. The bar chart shows changes in the fund&#8217;s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund&#8217;s performance with the average annual total returns of an index or other benchmark. 1-877-721-1926 http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class) The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown. The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A. <b>Total returns</b> (before taxes) <b>(%)</b> <b>Average annual total returns</b> (for periods ended December 31, 2012) <b>(%)</b> The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A. The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A. 0.2317 0.0118 -0.0255 0.1408 0.0878 -0.4045 0.3858 0.085 -0.0803 0.1725 Best quarter 2009-06-30 0.1847 Worst quarter 2008-12-31 -0.2318 <div style="display:none">~ http://www.leggmason.com/role/ScheduleShareholderFeesClearBridgeSmallCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAnnualFundOperatingExpensesClearBridgeSmallCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleExpenseExampleTransposedClearBridgeSmallCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleExpenseExampleNoRedemptionTransposedClearBridgeSmallCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAnnualTotalReturnsClearBridgeSmallCapValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAverageAnnualTotalReturnsTransposedClearBridgeSmallCapValueFund column period compact * ~</div> <b>Number of years you own your shares ($)</b> <b>Number of years you own your shares ($)</b> Calendar Years ended December 31<br/><br/>Best quarter<br/>(06/30/2009): 18.47<br/><br/>Worst quarter<br/>(12/31/2008): (23.18) 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:<ul type="square"><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You invest $10,000 in the fund for the time periods indicated</li><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your investment has a 5% return each year and the fund&#8217;s operating expenses remain the same</li><li style="margin-left:-20px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You reinvest all distributions and dividends without a sales charge</li></ul>Although your actual costs may be higher or lower, based on these assumptions your costs would be: -0.0177 0.1048 0.0864 0.0678 0.1549 0.1754 0.1084 2008-05-16 -0.0187 -0.0221 -0.0144 0.0249 0.0321 0.0295 0.0262 0.0304 0.0742 0.0048 <div style="display:none">~ http://www.leggmason.com/role/ScheduleShareholderFeesClearBridgeTacticalDividendIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAverageAnnualTotalReturnsTransposedClearBridgeTacticalDividendIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAnnualFundOperatingExpensesClearBridgeTacticalDividendIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleAnnualTotalReturnsClearBridgeTacticalDividendIncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleExpenseExampleTransposedClearBridgeTacticalDividendIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.leggmason.com/role/ScheduleExpenseExampleNoRedemptionTransposedClearBridgeTacticalDividendIncomeFund column period compact * ~</div> Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for certain periods shown because they reflect the tax benefit of capital losses realized on the redemption of fund shares. Generally, 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. Other expenses" for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates. Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables contained in this Prospectus and in the fund's shareholder reports, because the ratios in the financial highlights tables reflect the fund's operating expenses and do not include acquired fund fees and expenses. 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 are not expected to exceed 2.25% for Class B shares, 1.35% for Class FI shares, 1.60% for Class R shares, 2.10% for Class R1 shares and 1.05% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. Total annual fund operating expenses after waiving fees and/or reimbursing expenses exceed the expense cap by 0.02% as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above. For Class I shares, from the class' commencement of operations to December 31, 2012, the average annual total return of the Russell 2000 Value Index was 9.92%. N/A For Class I shares, for the period from the class' commencement of operations to December 31, 2012, the average annual total return of the Dow Jones U.S. Select Dividend Index was 3.89%. 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 are not expected to exceed 1.25% for Class A shares, 2.00% for Class C shares, 1.25% for Class FI shares, 1.50% for Class R shares, 2.00% for Class R1 shares and 1.00% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above. Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for certain periods shown because they reflect the tax benefit of capital losses realized on the redemption of fund shares. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS EQUITY TRUST
Prospectus Date rr_ProspectusDate May 20, 2013
ClearBridge Tactical Dividend Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ClearBridge
Tactical
Dividend
Income
Fund
Objective [Heading] rr_ObjectiveHeading Investment objectives
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund’s primary investment objective is to generate high current income,
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with capital appreciation as a secondary objective.
Expense [Heading] rr_ExpenseHeading Fees and expenses of the fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 22 under the heading “Sales charges” and in the fund’s statement of additional information (“SAI”) on page 65 under the heading “Sales Charge Waivers and Reductions.”

The fund no longer offers Class R1 shares for purchase by new or existing investors.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of
your investment) (%)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 125% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 125.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other expenses” for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 $10,000 in the fund for the time periods indicated
  •         Your investment has a 5% return each year and the fund’s operating expenses remain the same
  •         You reinvest all distributions and dividends without a sales charge
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Number of years you own your shares ($)
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Number of years you own your shares ($)
Strategy [Heading] rr_StrategyHeading Principal investment strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in equity and equity-related securities that provide investment income, dividend payments or other distributions or in other investments with similar economic characteristics. The fund may invest in equity and equity-related securities of issuers with any market capitalization.

The fund invests in a diversified portfolio of equity and equity-related securities, including common stocks, preferred stocks, convertible preferred stocks and other securities convertible into equity securities, master limited partnerships (“MLPs”), real estate investment trusts (“REITs”), closed-end investment companies, including business development companies (“BDCs”), and royalty trusts. The fund may invest up to 50% of its net assets in foreign securities, including securities of issuers in emerging market countries.

The fund may also seek to generate current income from short-term gains earned through an option strategy which may consist of writing (selling) call options on equity securities in its portfolio (“covered calls”) and on broader equity market indexes, or writing (selling) put options on such securities or indexes. The fund’s investments in options on equity securities and equity market indexes are included in the 80% policy described above.
Risk [Heading] rr_RiskHeading Certain risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Risk is inherent in all investing. There is no assurance that the fund will meet its investment objectives. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.

Stock market and equity securities risk. The securities markets are volatile and the market prices of the fund’s securities may decline generally. Securities fluctuate in price based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.

Fixed income securities risk. Fixed income securities are subject to a number of risks, including credit, market and interest rate risks. Credit risk is the risk that the issuer or obligor will not make timely payments of principal and interest. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the value of the fund’s investment in that issuer. Market risk is the risk that the fixed income markets may become volatile and less liquid, and the market value of an investment may move up or down, sometimes quickly or unpredictably. Interest rate risk is the risk that the value of a fixed income security will fall when interest rates rise. In general, the longer the maturity and the lower the credit quality of a fixed income security, the more likely its value will decline.

Income-producing securities risk. The fund’s emphasis on equity and equity-related securities that produce income or other distributions involves the risk that such securities may fall out of favor with investors and underperform the market. Also, an issuer may reduce or eliminate its income payments or other distributions. The distributions received by the fund may not qualify as income for fund investors.

Issuer risk. The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors.

Large capitalization company risk. Large capitalization companies may fall out of favor with investors.

Small and medium capitalization company risk. The fund will be exposed to additional risks as a result of its investments in the securities of small and medium capitalization companies. Small and medium capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small and medium capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small and medium capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

MLP risk. Holders of MLP units have limited control and voting rights on matters affecting the partnership. In addition, there are certain tax risks associated with an investment in MLP units and the potential for conflicts of interest exist between common unit holders and the general partner, including those arising from incentive distribution payments. The benefit the fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be reduction in the after-tax return to the fund of distributions from the MLP, likely causing a reduction in the value of the fund’s shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on the fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.

Derivatives risk. Using derivatives may have a leveraging effect, which may result in a disproportionate increase in fund losses on the investment, and reduce opportunities for gains when market prices, interest rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives also can increase fund volatility. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. The fund may incur additional costs related to derivatives, such as transaction costs and custody expenses, which can adversely affect the fund’s performance. Recent legislation calls for new regulation of the derivatives markets. The extent and impact of the regulation are not yet fully known and may not be for some time. New regulation of derivatives may make them more costly, may limit their availability, or may otherwise adversely affect their value or performance.

Growth and value investing risk. Growth or value securities as a group may be out of favor and underperform the overall equity market while the market concentrates on other types of securities. Growth securities typically are very sensitive to market movements because their market prices tend to reflect future expectations. When it appears those expectations will not be met, the prices of growth securities typically fall. The value approach to investing involves the risk that stocks may remain undervalued. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many growth or value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.

REITs risk. Investments in REITs expose the fund to risks similar to investing directly in real estate, such as changes in the value of the underlying real estate, the quality of the property management, the creditworthiness of the issuer of the investments, and changes in property taxes, interest rates and the real estate regulatory environment. REITs may be leveraged, which increases risk. Certain REITS charge management fees, which may result in layering the management fee paid by the fund. REITS may be leveraged, which increases risk.

Foreign investments risk. The fund’s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable government actions, and political or financial instability. Lack of information may also affect the value of these securities.

The risks of foreign investments are heightened when investing in issuers in emerging market countries.

Currency risk. The value of investments in securities denominated in foreign currencies increases or decreases as the rates of exchange between those currencies and the U.S. dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile, and are affected by factors such as general economic conditions, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls and speculation.

Liquidity risk. Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss.

Valuation risk. The sales price the fund could receive for any particular portfolio investment may differ from the fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair value methodology. Investors who purchase or redeem fund shares on days when the fund is holding fair-valued securities may receive fewer or more shares or lower or higher redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology.

Market sector risk. The fund may be significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund’s performance to be more sensitive to developments affecting those companies, industries or sectors.

Portfolio selection risk. The value of your investment may decrease if the subadviser’s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect.

Risk of increase in expenses. Your actual costs of investing in the fund may be higher than the expenses shown in “Annual fund operating expenses” for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.

These risks are discussed in more detail later in this Prospectus or in the SAI.
Risk Lose Money [Text] rr_RiskLoseMoney You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund’s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926.

The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.

Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-721-1926
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class)
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Total returns (before taxes) (%)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Calendar Years ended December 31

Best quarter
(06/30/2009): 18.47

Worst quarter
(12/31/2008): (23.18)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns (for periods ended December 31, 2012) (%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for certain periods shown because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.
ClearBridge Tactical Dividend Income Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none [1]
Small account fee ($) rr_MaximumAccountFee 15 [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.48%
Total annual fund operating expenses rr_ExpensesOverAssets 1.48%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.25%
1 year rr_ExpenseExampleYear01 695
3 years rr_ExpenseExampleYear03 994
5 years rr_ExpenseExampleYear05 1,315
10 years rr_ExpenseExampleYear10 2,222
1 year rr_ExpenseExampleNoRedemptionYear01 695
3 years rr_ExpenseExampleNoRedemptionYear03 994
5 years rr_ExpenseExampleNoRedemptionYear05 1,315
10 years rr_ExpenseExampleNoRedemptionYear10 2,222
2003 rr_AnnualReturn2003 23.17%
2004 rr_AnnualReturn2004 1.18%
2005 rr_AnnualReturn2005 (2.55%)
2005 rr_AnnualReturn2006 14.08%
2007 rr_AnnualReturn2007 8.78%
2008 rr_AnnualReturn2008 (40.45%)
2009 rr_AnnualReturn2009 38.58%
2010 rr_AnnualReturn2010 8.50%
2011 rr_AnnualReturn2011 (8.03%)
2012 rr_AnnualReturn2012 17.25%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.47%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.18%)
1 year rr_AverageAnnualReturnYear01 10.48%
5 years rr_AverageAnnualReturnYear05 (1.87%)
10 years rr_AverageAnnualReturnYear10 3.21%
ClearBridge Tactical Dividend Income Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther 1.00%
Small account fee ($) rr_MaximumAccountFee 15 [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.44%
Total annual fund operating expenses rr_ExpensesOverAssets 2.19%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.19%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.00%
1 year rr_ExpenseExampleYear01 303
3 years rr_ExpenseExampleYear03 667
5 years rr_ExpenseExampleYear05 1,158
10 years rr_ExpenseExampleYear10 2,511
1 year rr_ExpenseExampleNoRedemptionYear01 203
3 years rr_ExpenseExampleNoRedemptionYear03 667
5 years rr_ExpenseExampleNoRedemptionYear05 1,158
10 years rr_ExpenseExampleNoRedemptionYear10 2,511
1 year rr_AverageAnnualReturnYear01 15.49%
5 years rr_AverageAnnualReturnYear05 (1.44%)
10 years rr_AverageAnnualReturnYear10 3.04%
ClearBridge Tactical Dividend Income Fund | Class FI
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.56% [4]
Total annual fund operating expenses rr_ExpensesOverAssets 1.56%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.31%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.25%
1 year rr_ExpenseExampleYear01 127
3 years rr_ExpenseExampleYear03 462
5 years rr_ExpenseExampleYear05 820
10 years rr_ExpenseExampleYear10 1,830
1 year rr_ExpenseExampleNoRedemptionYear01 127
3 years rr_ExpenseExampleNoRedemptionYear03 462
5 years rr_ExpenseExampleNoRedemptionYear05 820
10 years rr_ExpenseExampleNoRedemptionYear10 1,830
ClearBridge Tactical Dividend Income Fund | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.56% [4]
Total annual fund operating expenses rr_ExpensesOverAssets 1.81%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.31%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.50%
1 year rr_ExpenseExampleYear01 153
3 years rr_ExpenseExampleYear03 539
5 years rr_ExpenseExampleYear05 951
10 years rr_ExpenseExampleYear10 2,102
1 year rr_ExpenseExampleNoRedemptionYear01 153
3 years rr_ExpenseExampleNoRedemptionYear03 539
5 years rr_ExpenseExampleNoRedemptionYear05 951
10 years rr_ExpenseExampleNoRedemptionYear10 2,102
ClearBridge Tactical Dividend Income Fund | Class R1
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.56% [4]
Total annual fund operating expenses rr_ExpensesOverAssets 2.31%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.31%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.00%
1 year rr_ExpenseExampleYear01 203
3 years rr_ExpenseExampleYear03 692
5 years rr_ExpenseExampleYear05 1,207
10 years rr_ExpenseExampleYear10 2,621
1 year rr_ExpenseExampleNoRedemptionYear01 203
3 years rr_ExpenseExampleNoRedemptionYear03 692
5 years rr_ExpenseExampleNoRedemptionYear05 1,207
10 years rr_ExpenseExampleNoRedemptionYear10 2,621
ClearBridge Tactical Dividend Income Fund | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.44%
Total annual fund operating expenses rr_ExpensesOverAssets 1.19%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.19%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.00%
1 year rr_ExpenseExampleYear01 102
3 years rr_ExpenseExampleYear03 359
5 years rr_ExpenseExampleYear05 636
10 years rr_ExpenseExampleYear10 1,426
1 year rr_ExpenseExampleNoRedemptionYear01 102
3 years rr_ExpenseExampleNoRedemptionYear03 359
5 years rr_ExpenseExampleNoRedemptionYear05 636
10 years rr_ExpenseExampleNoRedemptionYear10 1,426
1 year rr_AverageAnnualReturnYear01 17.54% [5]
5 years rr_AverageAnnualReturnYear05    [5],[6]
10 years rr_AverageAnnualReturnYear10    [5],[6]
Since inception rr_AverageAnnualReturnSinceInception 0.48% [5]
Inception date rr_AverageAnnualReturnInceptionDate May 16, 2008 [5]
ClearBridge Tactical Dividend Income Fund | Class IS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.36% [4]
Total annual fund operating expenses rr_ExpensesOverAssets 1.11%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.11%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.00%
1 year rr_ExpenseExampleYear01 102
3 years rr_ExpenseExampleYear03 342
5 years rr_ExpenseExampleYear05 601
10 years rr_ExpenseExampleYear10 1,342
1 year rr_ExpenseExampleNoRedemptionYear01 102
3 years rr_ExpenseExampleNoRedemptionYear03 342
5 years rr_ExpenseExampleNoRedemptionYear05 601
10 years rr_ExpenseExampleNoRedemptionYear10 1,342
ClearBridge Tactical Dividend Income Fund | Return after taxes on distributions | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 8.64%
5 years rr_AverageAnnualReturnYear05 (2.21%)
10 years rr_AverageAnnualReturnYear10 2.95%
ClearBridge Tactical Dividend Income Fund | Return after taxes on distributions and sale of fund shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 6.78%
5 years rr_AverageAnnualReturnYear05 (1.77%) [7]
10 years rr_AverageAnnualReturnYear10 2.62%
ClearBridge Tactical Dividend Income Fund | Dow Jones U.S. Select Dividend Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 10.84%
5 years rr_AverageAnnualReturnYear05 2.49%
10 years rr_AverageAnnualReturnYear10 7.42%
[1] Generally,
[2] 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.
[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 are not expected to exceed 1.25% for Class A shares, 2.00% for Class C shares, 1.25% for Class FI shares, 1.50% for Class R shares, 2.00% for Class R1 shares and 1.00% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above.
[4] Other expenses" for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
[5] For Class I shares, for the period from the class' commencement of operations to December 31, 2012, the average annual total return of the Dow Jones U.S. Select Dividend Index was 3.89%.
[6] N/A
[7] Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for certain periods shown because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
XML 11 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
ClearBridge Tactical Dividend Income Fund
ClearBridge
Tactical
Dividend
Income
Fund
Investment objectives
The fund’s primary investment objective is to generate high current income,
with capital appreciation as a secondary objective.
Fees and expenses of the fund
The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 22 under the heading “Sales charges” and in the fund’s statement of additional information (“SAI”) on page 65 under the heading “Sales Charge Waivers and Reductions.”

The fund no longer offers Class R1 shares for purchase by new or existing investors.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees ClearBridge Tactical Dividend Income Fund (USD $)
Class A
Class C
Class FI
Class R
Class R1
Class I
Class IS
Maximum sales charge (load) imposed on purchases (as a % of offering price) 5.75% none none none none none none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) none [1] 1.00% none none none none none
Small account fee ($) [2] 15 15 none none none none none
[1] Generally,
[2] 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.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of
your investment) (%)
Annual Fund Operating Expenses ClearBridge Tactical Dividend Income Fund
Class A
Class C
Class FI
Class R
Class R1
Class I
Class IS
Management fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and service (12b-1) fees 0.25% 1.00% 0.25% 0.50% 1.00% none none
Other expenses 0.48% 0.44% 0.56% [1] 0.56% [1] 0.56% [1] 0.44% 0.36% [1]
Total annual fund operating expenses 1.48% 2.19% 1.56% 1.81% 2.31% 1.19% 1.11%
Fees waived and/or expenses reimbursed [2] (0.23%) (0.19%) (0.31%) (0.31%) (0.31%) (0.19%) (0.11%)
Total annual fund operating expenses after waiving fees and/or reimbursing expenses 1.25% 2.00% 1.25% 1.50% 2.00% 1.00% 1.00%
[1] Other expenses" for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
[2] 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 are not expected to exceed 1.25% for Class A shares, 2.00% for Class C shares, 1.25% for Class FI shares, 1.50% for Class R shares, 2.00% for Class R1 shares and 1.00% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above.
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 $10,000 in the fund for the time periods indicated
  •         Your investment has a 5% return each year and the fund’s operating expenses remain the same
  •         You reinvest all distributions and dividends without a sales charge
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Number of years you own your shares ($)
Expense Example ClearBridge Tactical Dividend Income Fund (USD $)
1 year
3 years
5 years
10 years
Class A
695 994 1,315 2,222
Class C
303 667 1,158 2,511
Class FI
127 462 820 1,830
Class R
153 539 951 2,102
Class R1
203 692 1,207 2,621
Class I
102 359 636 1,426
Class IS
102 342 601 1,342
Number of years you own your shares ($)
Expense Example, No Redemption ClearBridge Tactical Dividend Income Fund (USD $)
1 year
3 years
5 years
10 years
Class A
695 994 1,315 2,222
Class C
203 667 1,158 2,511
Class FI
127 462 820 1,830
Class R
153 539 951 2,102
Class R1
203 692 1,207 2,621
Class I
102 359 636 1,426
Class IS
102 342 601 1,342
Portfolio turnover.
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 125% of the average value of its portfolio.
Principal investment strategies
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in equity and equity-related securities that provide investment income, dividend payments or other distributions or in other investments with similar economic characteristics. The fund may invest in equity and equity-related securities of issuers with any market capitalization.

The fund invests in a diversified portfolio of equity and equity-related securities, including common stocks, preferred stocks, convertible preferred stocks and other securities convertible into equity securities, master limited partnerships (“MLPs”), real estate investment trusts (“REITs”), closed-end investment companies, including business development companies (“BDCs”), and royalty trusts. The fund may invest up to 50% of its net assets in foreign securities, including securities of issuers in emerging market countries.

The fund may also seek to generate current income from short-term gains earned through an option strategy which may consist of writing (selling) call options on equity securities in its portfolio (“covered calls”) and on broader equity market indexes, or writing (selling) put options on such securities or indexes. The fund’s investments in options on equity securities and equity market indexes are included in the 80% policy described above.
Certain risks
Risk is inherent in all investing. There is no assurance that the fund will meet its investment objectives. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.

Stock market and equity securities risk. The securities markets are volatile and the market prices of the fund’s securities may decline generally. Securities fluctuate in price based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.

Fixed income securities risk. Fixed income securities are subject to a number of risks, including credit, market and interest rate risks. Credit risk is the risk that the issuer or obligor will not make timely payments of principal and interest. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the value of the fund’s investment in that issuer. Market risk is the risk that the fixed income markets may become volatile and less liquid, and the market value of an investment may move up or down, sometimes quickly or unpredictably. Interest rate risk is the risk that the value of a fixed income security will fall when interest rates rise. In general, the longer the maturity and the lower the credit quality of a fixed income security, the more likely its value will decline.

Income-producing securities risk. The fund’s emphasis on equity and equity-related securities that produce income or other distributions involves the risk that such securities may fall out of favor with investors and underperform the market. Also, an issuer may reduce or eliminate its income payments or other distributions. The distributions received by the fund may not qualify as income for fund investors.

Issuer risk. The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors.

Large capitalization company risk. Large capitalization companies may fall out of favor with investors.

Small and medium capitalization company risk. The fund will be exposed to additional risks as a result of its investments in the securities of small and medium capitalization companies. Small and medium capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small and medium capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small and medium capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

MLP risk. Holders of MLP units have limited control and voting rights on matters affecting the partnership. In addition, there are certain tax risks associated with an investment in MLP units and the potential for conflicts of interest exist between common unit holders and the general partner, including those arising from incentive distribution payments. The benefit the fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be reduction in the after-tax return to the fund of distributions from the MLP, likely causing a reduction in the value of the fund’s shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on the fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.

Derivatives risk. Using derivatives may have a leveraging effect, which may result in a disproportionate increase in fund losses on the investment, and reduce opportunities for gains when market prices, interest rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives also can increase fund volatility. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. The fund may incur additional costs related to derivatives, such as transaction costs and custody expenses, which can adversely affect the fund’s performance. Recent legislation calls for new regulation of the derivatives markets. The extent and impact of the regulation are not yet fully known and may not be for some time. New regulation of derivatives may make them more costly, may limit their availability, or may otherwise adversely affect their value or performance.

Growth and value investing risk. Growth or value securities as a group may be out of favor and underperform the overall equity market while the market concentrates on other types of securities. Growth securities typically are very sensitive to market movements because their market prices tend to reflect future expectations. When it appears those expectations will not be met, the prices of growth securities typically fall. The value approach to investing involves the risk that stocks may remain undervalued. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many growth or value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.

REITs risk. Investments in REITs expose the fund to risks similar to investing directly in real estate, such as changes in the value of the underlying real estate, the quality of the property management, the creditworthiness of the issuer of the investments, and changes in property taxes, interest rates and the real estate regulatory environment. REITs may be leveraged, which increases risk. Certain REITS charge management fees, which may result in layering the management fee paid by the fund. REITS may be leveraged, which increases risk.

Foreign investments risk. The fund’s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable government actions, and political or financial instability. Lack of information may also affect the value of these securities.

The risks of foreign investments are heightened when investing in issuers in emerging market countries.

Currency risk. The value of investments in securities denominated in foreign currencies increases or decreases as the rates of exchange between those currencies and the U.S. dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile, and are affected by factors such as general economic conditions, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls and speculation.

Liquidity risk. Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss.

Valuation risk. The sales price the fund could receive for any particular portfolio investment may differ from the fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair value methodology. Investors who purchase or redeem fund shares on days when the fund is holding fair-valued securities may receive fewer or more shares or lower or higher redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology.

Market sector risk. The fund may be significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund’s performance to be more sensitive to developments affecting those companies, industries or sectors.

Portfolio selection risk. The value of your investment may decrease if the subadviser’s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect.

Risk of increase in expenses. Your actual costs of investing in the fund may be higher than the expenses shown in “Annual fund operating expenses” for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.

These risks are discussed in more detail later in this Prospectus or in the SAI.
Performance
The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund’s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926.

The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.

Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Total returns (before taxes) (%)
Bar Chart
Calendar Years ended December 31

Best quarter
(06/30/2009): 18.47

Worst quarter
(12/31/2008): (23.18)
Average annual total returns (for periods ended December 31, 2012) (%)
Average Annual Total Returns ClearBridge Tactical Dividend Income Fund
1 year
5 years
10 years
Since inception
Inception date
Class A
10.48% (1.87%) 3.21%    
Class A Return after taxes on distributions
8.64% (2.21%) 2.95%    
Class A Return after taxes on distributions and sale of fund shares
6.78% (1.77%) [1] 2.62%    
Class C
15.49% (1.44%) 3.04%    
Class I
[2] 17.54%    [3]    [3] 0.48% May 16, 2008
Dow Jones U.S. Select Dividend Index (reflects no deduction for fees, expenses or taxes)
10.84% 2.49% 7.42%    
[1] Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for certain periods shown because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
[2] For Class I shares, for the period from the class' commencement of operations to December 31, 2012, the average annual total return of the Dow Jones U.S. Select Dividend Index was 3.89%.
[3] N/A
The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.
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XML 13 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS EQUITY TRUST
Prospectus Date rr_ProspectusDate May 20, 2013
Document Creation Date dei_DocumentCreationDate Mar. 21, 2013
XML 14 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS EQUITY TRUST
Prospectus Date rr_ProspectusDate May 20, 2013
ClearBridge Small Cap Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ClearBridge
Small Cap
Value
Fund
Objective [Heading] rr_ObjectiveHeading Investment objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund seeks long-term capital growth.
Expense [Heading] rr_ExpenseHeading Fees and expenses of the fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 17 under the heading “Sales charges” and in the fund’s statement of additional information (“SAI”) on page 48 under the heading “Sales Charge Waivers and Reductions.”

The fund no longer offers Class B shares or Class R1 shares for purchase by new or existing investors. Class B shares will continue to be available for dividend reinvestment and incoming exchanges.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of
your investment) (%)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 23% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 23.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other expenses” for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables contained in this Prospectus and in the fund’s shareholder reports, because the ratios in the financial highlights tables reflect the fund’s operating expenses and do not include acquired fund fees and expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 $10,000 in the fund for the time periods indicated
  •         Your investment has a 5% return each year and the fund’s operating expenses remain the same
  •         You reinvest all distributions and dividends without a sales charge
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Number of years you own your shares ($)
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Number of years you own your shares ($)
Strategy [Heading] rr_StrategyHeading Principal investment strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in common stocks and other equity securities of small capitalization U.S. companies or in other investments with similar economic characteristics. The fund may invest up to 20% of its net assets in shares of companies with larger market capitalizations.
Risk [Heading] rr_RiskHeading Certain risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Risk is inherent in all investing. There is no assurance that the fund will meet its investment objective. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.

Stock market and equity securities risk. The securities markets are volatile and the market prices of the fund’s securities may decline generally. Securities fluctuate in price based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.

Small capitalization company risk. The fund will be exposed to additional risks as a result of its investments in the securities of small capitalization companies. Small capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

Value investing risk. The value approach to investing involves the risk that stocks may remain undervalued. Value stocks may underperform the overall equity market while the market concentrates on growth stocks. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.

Issuer risk. The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors.

Portfolio selection risk. The value of your investment may decrease if the subadviser’s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect.

Liquidity risk. Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss.

Risk of increase in expenses. Your actual costs of investing in the fund may be higher than the expenses shown in “Annual fund operating expenses” for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.

These risks are discussed in more detail later in this Prospectus or in the SAI.
Risk Lose Money [Text] rr_RiskLoseMoney You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund’s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926.

The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.

Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-721-1926
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class)
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Total returns (before taxes) (%)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Calendar Years ended December 31

Best quarter
(09/30/2009): 22.93

Worst quarter
(12/31/2008): (27.47)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns (for periods ended December 31, 2012) (%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.
ClearBridge Small Cap Value Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none [1]
Small account fee ($) rr_MaximumAccountFee 15 [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.23%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.25% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [4]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.25%
1 year rr_ExpenseExampleYear01 695
3 years rr_ExpenseExampleYear03 949
5 years rr_ExpenseExampleYear05 1,222
10 years rr_ExpenseExampleYear10 1,999
1 year rr_ExpenseExampleNoRedemptionYear01 695
3 years rr_ExpenseExampleNoRedemptionYear03 949
5 years rr_ExpenseExampleNoRedemptionYear05 1,222
10 years rr_ExpenseExampleNoRedemptionYear10 1,999
2003 rr_AnnualReturn2003 37.44%
2004 rr_AnnualReturn2004 20.80%
2005 rr_AnnualReturn2005 6.60%
2005 rr_AnnualReturn2006 11.38%
2007 rr_AnnualReturn2007 (2.55%)
2008 rr_AnnualReturn2008 (35.94%)
2009 rr_AnnualReturn2009 32.87%
2010 rr_AnnualReturn2010 24.93%
2011 rr_AnnualReturn2011 (7.13%)
2012 rr_AnnualReturn2012 15.29%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 22.93%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.47%)
1 year rr_AverageAnnualReturnYear01 8.68%
5 years rr_AverageAnnualReturnYear05 1.42%
10 years rr_AverageAnnualReturnYear10 7.50%
ClearBridge Small Cap Value Fund | Class B
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther 5.00%
Small account fee ($) rr_MaximumAccountFee 15 [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.62%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.39% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.27%
1 year rr_ExpenseExampleYear01 730
3 years rr_ExpenseExampleYear03 1,034
5 years rr_ExpenseExampleYear05 1,365
10 years rr_ExpenseExampleYear10 2,434
1 year rr_ExpenseExampleNoRedemptionYear01 230
3 years rr_ExpenseExampleNoRedemptionYear03 734
5 years rr_ExpenseExampleNoRedemptionYear05 1,265
10 years rr_ExpenseExampleNoRedemptionYear10 2,434
1 year rr_AverageAnnualReturnYear01 9.07%
5 years rr_AverageAnnualReturnYear05 1.73%
10 years rr_AverageAnnualReturnYear10 7.57%
ClearBridge Small Cap Value Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther 1.00%
Small account fee ($) rr_MaximumAccountFee 15 [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.38%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.15% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [4]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.15%
1 year rr_ExpenseExampleYear01 318
3 years rr_ExpenseExampleYear03 673
5 years rr_ExpenseExampleYear05 1,154
10 years rr_ExpenseExampleYear10 2,482
1 year rr_ExpenseExampleNoRedemptionYear01 218
3 years rr_ExpenseExampleNoRedemptionYear03 673
5 years rr_ExpenseExampleNoRedemptionYear05 1,154
10 years rr_ExpenseExampleNoRedemptionYear10 2,482
1 year rr_AverageAnnualReturnYear01 13.29%
5 years rr_AverageAnnualReturnYear05 1.75%
10 years rr_AverageAnnualReturnYear10 7.24%
ClearBridge Small Cap Value Fund | Class FI
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.31% [6]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.33% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.33%
1 year rr_ExpenseExampleYear01 135
3 years rr_ExpenseExampleYear03 421
5 years rr_ExpenseExampleYear05 728
10 years rr_ExpenseExampleYear10 1,600
1 year rr_ExpenseExampleNoRedemptionYear01 135
3 years rr_ExpenseExampleNoRedemptionYear03 421
5 years rr_ExpenseExampleNoRedemptionYear05 728
10 years rr_ExpenseExampleNoRedemptionYear10 1,600
ClearBridge Small Cap Value Fund | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.31% [6]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.58% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.58%
1 year rr_ExpenseExampleYear01 161
3 years rr_ExpenseExampleYear03 499
5 years rr_ExpenseExampleYear05 861
10 years rr_ExpenseExampleYear10 1,879
1 year rr_ExpenseExampleNoRedemptionYear01 161
3 years rr_ExpenseExampleNoRedemptionYear03 499
5 years rr_ExpenseExampleNoRedemptionYear05 861
10 years rr_ExpenseExampleNoRedemptionYear10 1,879
ClearBridge Small Cap Value Fund | Class R1
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.31% [6]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.08% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.08%
1 year rr_ExpenseExampleYear01 211
3 years rr_ExpenseExampleYear03 652
5 years rr_ExpenseExampleYear05 1,119
10 years rr_ExpenseExampleYear10 2,411
1 year rr_ExpenseExampleNoRedemptionYear01 211
3 years rr_ExpenseExampleNoRedemptionYear03 652
5 years rr_ExpenseExampleNoRedemptionYear05 1,119
10 years rr_ExpenseExampleNoRedemptionYear10 2,411
ClearBridge Small Cap Value Fund | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.38%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.15% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.08%) [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.07%
1 year rr_ExpenseExampleYear01 109
3 years rr_ExpenseExampleYear03 358
5 years rr_ExpenseExampleYear05 625
10 years rr_ExpenseExampleYear10 1,391
1 year rr_ExpenseExampleNoRedemptionYear01 109
3 years rr_ExpenseExampleNoRedemptionYear03 358
5 years rr_ExpenseExampleNoRedemptionYear05 625
10 years rr_ExpenseExampleNoRedemptionYear10 1,391
1 year rr_AverageAnnualReturnYear01 15.50% [7]
5 years rr_AverageAnnualReturnYear05 2.95% [7]
10 years rr_AverageAnnualReturnYear10    [4],[7]
Since inception rr_AverageAnnualReturnSinceInception 9.14% [7]
Inception date rr_AverageAnnualReturnInceptionDate Apr. 14, 2003 [7]
ClearBridge Small Cap Value Fund | Class IS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) rr_MaximumDeferredSalesChargeOverOther none
Small account fee ($) rr_MaximumAccountFee none [2]
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.11% [6]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 0.88% [3]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets    [5]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.88%
1 year rr_ExpenseExampleYear01 90
3 years rr_ExpenseExampleYear03 281
5 years rr_ExpenseExampleYear05 488
10 years rr_ExpenseExampleYear10 1,084
1 year rr_ExpenseExampleNoRedemptionYear01 90
3 years rr_ExpenseExampleNoRedemptionYear03 281
5 years rr_ExpenseExampleNoRedemptionYear05 488
10 years rr_ExpenseExampleNoRedemptionYear10 1,084
ClearBridge Small Cap Value Fund | Return after taxes on distributions | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 8.68%
5 years rr_AverageAnnualReturnYear05 1.03%
10 years rr_AverageAnnualReturnYear10 6.54%
ClearBridge Small Cap Value Fund | Return after taxes on distributions and sale of fund shares | Class A
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 5.64%
5 years rr_AverageAnnualReturnYear05 1.03%
10 years rr_AverageAnnualReturnYear10 6.32%
ClearBridge Small Cap Value Fund | Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 18.05%
5 years rr_AverageAnnualReturnYear05 3.55%
10 years rr_AverageAnnualReturnYear10 9.50%
[1] Generally,
[2] 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.
[3] Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables contained in this Prospectus and in the fund's shareholder reports, because the ratios in the financial highlights tables reflect the fund's operating expenses and do not include acquired fund fees and expenses.
[4] N/A
[5] 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 are not expected to exceed 2.25% for Class B shares, 1.35% for Class FI shares, 1.60% for Class R shares, 2.10% for Class R1 shares and 1.05% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. Total annual fund operating expenses after waiving fees and/or reimbursing expenses exceed the expense cap by 0.02% as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above.
[6] Other expenses" for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
[7] For Class I shares, from the class' commencement of operations to December 31, 2012, the average annual total return of the Russell 2000 Value Index was 9.92%.
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ClearBridge Small Cap Value Fund
ClearBridge
Small Cap
Value
Fund
Investment objective
The fund seeks long-term capital growth.
Fees and expenses of the fund
The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in funds sold by Legg Mason Investor Services, LLC (“LMIS”), the fund’s distributor. More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 17 under the heading “Sales charges” and in the fund’s statement of additional information (“SAI”) on page 48 under the heading “Sales Charge Waivers and Reductions.”

The fund no longer offers Class B shares or Class R1 shares for purchase by new or existing investors. Class B shares will continue to be available for dividend reinvestment and incoming exchanges.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees ClearBridge Small Cap Value Fund (USD $)
Class A
Class B
Class C
Class FI
Class R
Class R1
Class I
Class IS
Maximum sales charge (load) imposed on purchases (as a % of offering price) 5.75% none none none none none none none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) (may be reduced over time) none [1] 5.00% 1.00% none none none none none
Small account fee ($) [2] 15 15 15 none none none none none
[1] Generally,
[2] 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.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of
your investment) (%)
Annual Fund Operating Expenses ClearBridge Small Cap Value Fund
Class A
Class B
Class C
Class FI
Class R
Class R1
Class I
Class IS
Management fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.25% 0.50% 1.00% none none
Other expenses 0.23% 0.62% 0.38% 0.31% [1] 0.31% [1] 0.31% [1] 0.38% 0.11% [1]
Acquired fund fees and expenses 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
Total annual fund operating expenses [2] 1.25% 2.39% 2.15% 1.33% 1.58% 2.08% 1.15% 0.88%
Fees waived and/or expenses reimbursed    [3] (0.12%) [4]    [3]    [4]    [4]    [4] (0.08%) [4]    [4]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses 1.25% 2.27% 2.15% 1.33% 1.58% 2.08% 1.07% 0.88%
[1] Other expenses" for Class FI, Class R, Class R1 and Class IS shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
[2] Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables contained in this Prospectus and in the fund's shareholder reports, because the ratios in the financial highlights tables reflect the fund's operating expenses and do not include acquired fund fees and expenses.
[3] N/A
[4] 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 are not expected to exceed 2.25% for Class B shares, 1.35% for Class FI shares, 1.60% for Class R shares, 2.10% for Class R1 shares and 1.05% for Class I shares. In addition, total annual fund operating expenses for Class IS shares will not exceed total annual fund operating expenses for Class I shares. Total annual fund operating expenses after waiving fees and/or reimbursing expenses exceed the expense cap by 0.02% as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2014 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limits described above.
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 $10,000 in the fund for the time periods indicated
  •         Your investment has a 5% return each year and the fund’s operating expenses remain the same
  •         You reinvest all distributions and dividends without a sales charge
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Number of years you own your shares ($)
Expense Example ClearBridge Small Cap Value Fund (USD $)
1 year
3 years
5 years
10 years
Class A
695 949 1,222 1,999
Class B
730 1,034 1,365 2,434
Class C
318 673 1,154 2,482
Class FI
135 421 728 1,600
Class R
161 499 861 1,879
Class R1
211 652 1,119 2,411
Class I
109 358 625 1,391
Class IS
90 281 488 1,084
Number of years you own your shares ($)
Expense Example, No Redemption ClearBridge Small Cap Value Fund (USD $)
1 year
3 years
5 years
10 years
Class A
695 949 1,222 1,999
Class B
230 734 1,265 2,434
Class C
218 673 1,154 2,482
Class FI
135 421 728 1,600
Class R
161 499 861 1,879
Class R1
211 652 1,119 2,411
Class I
109 358 625 1,391
Class IS
90 281 488 1,084
Portfolio turnover.
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 23% of the average value of its portfolio.
Principal investment strategies
Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in common stocks and other equity securities of small capitalization U.S. companies or in other investments with similar economic characteristics. The fund may invest up to 20% of its net assets in shares of companies with larger market capitalizations.
Certain risks
Risk is inherent in all investing. There is no assurance that the fund will meet its investment objective. The value of your investment in the fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments. The following is a summary description of certain risks of investing in the fund.

Stock market and equity securities risk. The securities markets are volatile and the market prices of the fund’s securities may decline generally. Securities fluctuate in price based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts to respond to the crisis, or investor perception that such efforts are not succeeding could also negatively affect financial markets generally as well as the value and liquidity of certain securities. In addition, policy and legislative changes in the United States and in other countries are changing many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.

Small capitalization company risk. The fund will be exposed to additional risks as a result of its investments in the securities of small capitalization companies. Small capitalization companies may fall out of favor with investors; may have limited product lines, operating histories, markets or financial resources; or may be dependent upon a limited management group. The prices of securities of small capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions, including those experienced during a recession. Securities of small capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

Value investing risk. The value approach to investing involves the risk that stocks may remain undervalued. Value stocks may underperform the overall equity market while the market concentrates on growth stocks. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many value funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.

Issuer risk. The value of a security can go up or down more than the market as a whole and can perform differently from the value of the market as a whole, often due to disappointing earnings reports by the issuer, unsuccessful products or services, loss of major customers, major litigation against the issuer or changes in government regulations affecting the issuer or the competitive environment. The fund may experience a substantial or complete loss on an individual security. Historically, the prices of securities of small and medium capitalization companies have generally gone up or down more than those of large capitalization companies, although even large capitalization companies may fall out of favor with investors.

Portfolio selection risk. The value of your investment may decrease if the subadviser’s judgment about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements is incorrect.

Liquidity risk. Some assets held by the fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid assets may also be difficult to value. If the fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the fund may be forced to sell at a loss.

Risk of increase in expenses. Your actual costs of investing in the fund may be higher than the expenses shown in “Annual fund operating expenses” for a variety of reasons. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.

These risks are discussed in more detail later in this Prospectus or in the SAI.
Performance
The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund’s performance from year to year for Class A shares. The table shows the average annual total returns of each class of the fund that has been in operation for at least one full calendar year and also compares the fund’s performance with the average annual total returns of an index or other benchmark. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The fund makes updated performance information available at the fund’s website, http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class), or by calling the fund at 1-877-721-1926.

The fund’s past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.

Sales charges are not reflected in the accompanying bar chart, and if those charges were included, returns would be less than those shown.
Total returns (before taxes) (%)
Bar Chart
Calendar Years ended December 31

Best quarter
(09/30/2009): 22.93

Worst quarter
(12/31/2008): (27.47)
Average annual total returns (for periods ended December 31, 2012) (%)
Average Annual Total Returns ClearBridge Small Cap Value Fund
1 year
5 years
10 years
Since inception
Inception date
Class A
8.68% 1.42% 7.50%    
Class A Return after taxes on distributions
8.68% 1.03% 6.54%    
Class A Return after taxes on distributions and sale of fund shares
5.64% 1.03% 6.32%    
Class B
9.07% 1.73% 7.57%    
Class C
13.29% 1.75% 7.24%    
Class I
[1] 15.50% 2.95%    [2] 9.14% Apr. 14, 2003
Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes)
18.05% 3.55% 9.50%    
[1] For Class I shares, from the class' commencement of operations to December 31, 2012, the average annual total return of the Russell 2000 Value Index was 9.92%.
[2] N/A
The after-tax returns are shown only for Class A shares, are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns for classes other than Class A will vary from returns shown for Class A.

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Document and Entity Information
12 Months Ended
May 20, 2013
Risk/Return:  
Document Type 485BPOS
Document Period End Date Mar. 21, 2013
Registrant Name LEGG MASON PARTNERS EQUITY TRUST
Central Index Key 0000880366
Amendment Flag false
Document Creation Date Mar. 21, 2013
Document Effective Date May 20, 2013
Prospectus Date May 20, 2013
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