XML 10 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS VARIABLE EQUITY TRUST
Prospectus Date rr_ProspectusDate May 01, 2017
Supplement [Text Block] lmpvet_SupplementTextBlock

LEGG MASON PARTNERS VARIABLE EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED BELOW AND IN SCHEDULE A

AND TO THE PROSPECTUSES OF THE FUNDS LISTED

IN SCHEDULE B

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF DECEMBER 1, 2017:

CLEARBRIDGE VARIABLE DIVIDEND STRATEGY PORTFOLIO

The contractual management fee schedule for the fund is reduced and the expense cap for Classes I and II shares is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund”:

 

Shareholder fees        
(fees paid directly from your investment)
    
    Class I   Class II 
Maximum sales charge (load) imposed on purchases
   N/A    N/A 
Maximum deferred sales charge (load)
   N/A    N/A 
    
Annual fund operating expenses (%)         
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class I   Class II 
Management fees
   0.70    0.70 
Distribution and/or service (12b-1) fees
   None    0.25 
Other expenses
   0.05    0.05 
Acquired fund fees and expenses
   0.02    0.02 
Total annual fund operating expenses1,2
   0.77    1.02 

 

 1Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s 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.

 

 2 Total annual fund operating expenses have been restated to reflect current management fees.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  79  246  428  955
Class II (with redemption at end of period)
  104  324  563  1,247

CLEARBRIDGE VARIABLE LARGE CAP GROWTH PORTFOLIO

The contractual management fee schedule for the fund is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund:

 

Shareholder fees
(fees paid directly from your investment)
    
   Class I  Class II
Maximum sales charge (load) imposed on purchases
  N/A  N/A
Maximum deferred sales charge (load)
  N/A  N/A

 

Annual fund operating expenses (%)
(expenses that you pay each year as a percentage of the value of your investment)
   Class I  Class II
Management fees
  0.70  0.70
Distribution and/or service (12b-1) fees
  None  0.25
Other expenses
  0.11  0.16
Total annual fund operating expenses1
  0.81  1.11
Fees waived and/or expenses reimbursed2
  (0.01)  (0.06)
Total annual fund operating expenses after waiving fees and/or reimbursing expenses
  0.80  1.05

 

 1Total annual fund operating expenses have been restated to reflect current management fees.

 

 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 fund operating expenses will not exceed 0.80% for Class I shares and 1.05% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  82  257  448  1,001
Class II (with redemption at end of period)
  107  340  599  1,340

CLEARBRIDGE VARIABLE MID CAP PORTFOLIO

The contractual management fee rate schedule for the fund is reduced for assets over $1 billion and the expense cap for Classes I and II is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund”:

 

Shareholder fees 
(fees paid directly from your investment)
 
    Class I    Class II 
Maximum sales charge (load) imposed on purchases
   N/A    N/A 
Maximum deferred sales charge (load)
   N/A    N/A 
    
Annual fund operating expenses (%)  
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class I    Class II 
Management fees
   0.75    0.75 
Distribution and/or service (12b-1) fees
   None    0.25 
Other expenses
   0.10    0.09 
Total annual fund operating expenses
   0.85    1.09 
Fees waived and/or expenses reimbursed1
   —      —   
Total annual fund operating expenses after waiving fees and/or reimbursing expenses2
   0.85    1.09 

 

 1 The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that the ratio of total annual fund operating expenses will not exceed 0.85% for Class I shares and 1.10% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.

 

 2 Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  87  271  471  1,048
Class II (with redemption at end of period)
  111  346  601  1,329

SCHEDULE A

Fund
  Date of
Prospectus
LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Dividend Strategy Portfolio
  May 1, 2017
ClearBridge Variable Large Cap Growth Portfolio
  May 1, 2017
ClearBridge Variable Mid Cap Portfolio
  May 1, 2017

SCHEDULE B

LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Dividend Strategy Portfolio
  May 1, 2017
ClearBridge Variable Large Cap Growth Portfolio
  May 1, 2017
ClearBridge Variable Mid Cap Portfolio
  May 1, 2017
ClearBridge Variable Dividend Strategy Portfolio  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpvet_SupplementTextBlock

LEGG MASON PARTNERS VARIABLE EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED BELOW AND IN SCHEDULE A

AND TO THE PROSPECTUSES OF THE FUNDS LISTED

IN SCHEDULE B

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF DECEMBER 1, 2017:

CLEARBRIDGE VARIABLE DIVIDEND STRATEGY PORTFOLIO

The contractual management fee schedule for the fund is reduced and the expense cap for Classes I and II shares is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund”:

 

Shareholder fees        
(fees paid directly from your investment)
    
    Class I   Class II 
Maximum sales charge (load) imposed on purchases
   N/A    N/A 
Maximum deferred sales charge (load)
   N/A    N/A 
    
Annual fund operating expenses (%)         
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class I   Class II 
Management fees
   0.70    0.70 
Distribution and/or service (12b-1) fees
   None    0.25 
Other expenses
   0.05    0.05 
Acquired fund fees and expenses
   0.02    0.02 
Total annual fund operating expenses1,2
   0.77    1.02 

 

 1Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s 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.

 

 2 Total annual fund operating expenses have been restated to reflect current management fees.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  79  246  428  955
Class II (with redemption at end of period)
  104  324  563  1,247

SCHEDULE A

Fund
  Date of
Prospectus
LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Dividend Strategy Portfolio
  May 1, 2017

SCHEDULE B

LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Dividend Strategy Portfolio
  May 1, 2017
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)
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Total annual fund operating expenses have been restated to reflect current management fees.
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 in the fund’s 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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures
shown would be higher. 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 ($)
ClearBridge Variable Dividend Strategy Portfolio | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.05%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 0.77% [1],[2]
1 year rr_ExpenseExampleYear01 $ 79
3 years rr_ExpenseExampleYear03 246
5 years rr_ExpenseExampleYear05 428
10 years rr_ExpenseExampleYear10 955
1 year rr_ExpenseExampleNoRedemptionYear01 79
3 years rr_ExpenseExampleNoRedemptionYear03 246
5 years rr_ExpenseExampleNoRedemptionYear05 428
10 years rr_ExpenseExampleNoRedemptionYear10 $ 955
ClearBridge Variable Dividend Strategy Portfolio | Class II  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.05%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.02% [1],[2]
1 year rr_ExpenseExampleYear01 $ 104
3 years rr_ExpenseExampleYear03 324
5 years rr_ExpenseExampleYear05 563
10 years rr_ExpenseExampleYear10 $ 1,247
ClearBridge Variable Large Cap Growth Portfolio  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpvet_SupplementTextBlock

LEGG MASON PARTNERS VARIABLE EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED BELOW AND IN SCHEDULE A

AND TO THE PROSPECTUSES OF THE FUNDS LISTED

IN SCHEDULE B

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF DECEMBER 1, 2017:

CLEARBRIDGE VARIABLE LARGE CAP GROWTH PORTFOLIO

The contractual management fee schedule for the fund is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund:

 

Shareholder fees
(fees paid directly from your investment)
    
   Class I  Class II
Maximum sales charge (load) imposed on purchases
  N/A  N/A
Maximum deferred sales charge (load)
  N/A  N/A

 

Annual fund operating expenses (%)
(expenses that you pay each year as a percentage of the value of your investment)
   Class I  Class II
Management fees
  0.70  0.70
Distribution and/or service (12b-1) fees
  None  0.25
Other expenses
  0.11  0.16
Total annual fund operating expenses1
  0.81  1.11
Fees waived and/or expenses reimbursed2
  (0.01)  (0.06)
Total annual fund operating expenses after waiving fees and/or reimbursing expenses
  0.80  1.05

 

 1Total annual fund operating expenses have been restated to reflect current management fees.

 

 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 fund operating expenses will not exceed 0.80% for Class I shares and 1.05% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  82  257  448  1,001
Class II (with redemption at end of period)
  107  340  599  1,340

SCHEDULE A

Fund
  Date of
Prospectus
LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Large Cap Growth Portfolio
  May 1, 2017

SCHEDULE B

LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Large Cap Growth Portfolio
  May 1, 2017
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, 2019
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Total annual fund operating expenses have been restated to reflect current management fees.
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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures
shown would be higher. 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 ($)
ClearBridge Variable Large Cap Growth Portfolio | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.11%
Total annual fund operating expenses rr_ExpensesOverAssets 0.81% [2]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.01%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.80%
1 year rr_ExpenseExampleYear01 $ 82
3 years rr_ExpenseExampleYear03 257
5 years rr_ExpenseExampleYear05 448
10 years rr_ExpenseExampleYear10 1,001
1 year rr_ExpenseExampleNoRedemptionYear01 82
3 years rr_ExpenseExampleNoRedemptionYear03 257
5 years rr_ExpenseExampleNoRedemptionYear05 448
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,001
ClearBridge Variable Large Cap Growth Portfolio | Class II  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.70%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.16%
Total annual fund operating expenses rr_ExpensesOverAssets 1.11% [2]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.06%) [3]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.05%
1 year rr_ExpenseExampleYear01 $ 107
3 years rr_ExpenseExampleYear03 340
5 years rr_ExpenseExampleYear05 599
10 years rr_ExpenseExampleYear10 $ 1,340
ClearBridge Variable Mid Cap Portfolio  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpvet_SupplementTextBlock

LEGG MASON PARTNERS VARIABLE EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED BELOW AND IN SCHEDULE A

AND TO THE PROSPECTUSES OF THE FUNDS LISTED

IN SCHEDULE B

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF DECEMBER 1, 2017:

CLEARBRIDGE VARIABLE MID CAP PORTFOLIO

The contractual management fee rate schedule for the fund is reduced for assets over $1 billion and the expense cap for Classes I and II is reduced.

The following replaces the fee table and footnotes and expense example in the section of the fund’s Summary Prospectus and Prospectus titled “Fees and expenses of the fund”:

 

Shareholder fees 
(fees paid directly from your investment)
 
    Class I    Class II 
Maximum sales charge (load) imposed on purchases
   N/A    N/A 
Maximum deferred sales charge (load)
   N/A    N/A 
    
Annual fund operating expenses (%)  
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class I    Class II 
Management fees
   0.75    0.75 
Distribution and/or service (12b-1) fees
   None    0.25 
Other expenses
   0.10    0.09 
Total annual fund operating expenses
   0.85    1.09 
Fees waived and/or expenses reimbursed1
   —      —   
Total annual fund operating expenses after waiving fees and/or reimbursing expenses2
   0.85    1.09 

 

 1 The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that the ratio of total annual fund operating expenses will not exceed 0.85% for Class I shares and 1.10% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.

 

 2 Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps.

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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures

shown would be higher. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class I (with or without redemption at end of period)
  87  271  471  1,048
Class II (with redemption at end of period)
  111  346  601  1,329

SCHEDULE A

Fund
  Date of
Prospectus
LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Mid Cap Portfolio
  May 1, 2017

SCHEDULE B

LEGG MASON PARTNERS VARIABLE EQUITY TRUST
   
ClearBridge Variable Mid Cap Portfolio
  May 1, 2017
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, 2019
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps.
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 does not include expenses incurred from investing through a separate account or qualified plan. If the example included these expenses, the figures
shown would be higher. 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 ($)
ClearBridge Variable Mid Cap Portfolio | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.10%
Total annual fund operating expenses rr_ExpensesOverAssets 0.85%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [4]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.85% [5]
1 year rr_ExpenseExampleYear01 $ 87
3 years rr_ExpenseExampleYear03 271
5 years rr_ExpenseExampleYear05 471
10 years rr_ExpenseExampleYear10 1,048
1 year rr_ExpenseExampleNoRedemptionYear01 87
3 years rr_ExpenseExampleNoRedemptionYear03 271
5 years rr_ExpenseExampleNoRedemptionYear05 471
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,048
ClearBridge Variable Mid Cap Portfolio | Class II  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther
Management fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.09%
Total annual fund operating expenses rr_ExpensesOverAssets 1.09%
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [4]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.09% [5]
1 year rr_ExpenseExampleYear01 $ 111
3 years rr_ExpenseExampleYear03 346
5 years rr_ExpenseExampleYear05 601
10 years rr_ExpenseExampleYear10 $ 1,329
[1] Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s 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.
[2] Total annual fund operating expenses have been restated to reflect current management fees.
[3] The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual fund operating expenses will not exceed 0.80% for Class I shares and 1.05% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.
[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 the ratio of total annual fund operating expenses will not exceed 0.85% for Class I shares and 1.10% for Class II shares, subject to recapture as described below. This arrangement cannot be terminated prior to December 31, 2019 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. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limit described above or any other lower limit then in effect.
[5] Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps.