0001474103
cik001474103:S000029727Member
cik001474103:C000091414Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091413Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091412Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091411Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091410Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091409Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
cik001474103:C000091408Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027199Member
rr:AfterTaxesOnDistributionsMember
cik001474103:C000082108Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027199Member
rr:AfterTaxesOnDistributionsAndSalesMember
cik001474103:C000082108Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027198Member
rr:AfterTaxesOnDistributionsMember
cik001474103:C000082107Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027198Member
rr:AfterTaxesOnDistributionsAndSalesMember
cik001474103:C000082107Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027199Member
cik001474103:Russell1000ValueIndexReflectsNoDeductionForFeesExpensesOrTaxesMember
2011-01-28
2011-01-28
0001474103
cik001474103:S000027198Member
cik001474103:Russell1000GrowthIndexMember
2011-01-28
2011-01-28
0001474103
cik001474103:S000027199Member
cik001474103:C000082108Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027198Member
cik001474103:C000082107Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000029727Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027199Member
2011-01-28
2011-01-28
0001474103
cik001474103:S000027198Member
2011-01-28
2011-01-28
0001474103
2011-01-28
2011-01-28
iso4217:USD
xbrli:pure
false
2011-01-28
2011-01-28
2010-09-30
485BPOS
0001474103
Legg Mason Global Asset Management Trust
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAnnualFundOperatingExpensesLeggMasonManagerSelectLargeCapGrowthFundNew column period compact * column dei_LegalEntityAxis compact cik001474103_S000027198Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAnnualFundOperatingExpensesLeggMasonManagerSelectLargeCapValueFundNew column period compact * column dei_LegalEntityAxis compact cik001474103_S000027199Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAnnualFundOperatingExpensesLeggMasonBwDiversifiedLargeCapValueFundN column period compact * column dei_LegalEntityAxis compact cik001474103_S000029727Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
0.1723
0.1177
2009-12-01
2009-12-01
2009-12-01
2009-12-01
0.1966
0.1721
0.1142
0.1484
0.1657
0.1938
0.0926
0.1062
0.1723
0.1671
0.1177
0.1551
0.112
0.1695
0.0765
0.109
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Performance</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Performance</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6"><a name="tx139672_5"> </a>Performance </font></p></div>
<div> <div class="MetaData">
<div><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">
</font>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">Best quarter</font></p></div></div>
<div><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">(ended 09/30/2010): <font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1"><font class="_mt">13.26</font></font></font></font></div>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<div>
<p style="margin-top: 0px; margin-bottom: 0px;"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">Worst quarter</font></font> </p></div>
<p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">(ended 06/30/2010): (13.05)</font></p></div> </div>
<div> <div class="MetaData">
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">Best quarter</font></p></div>
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">(ended 09/30/2010): <font class="_mt"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt"><font class="_mt"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">10.04</font></font></font></font></font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">Worst quarter</font></p></div>
<p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">(ended 06/30/2010): <font class="_mt"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">(13.50)</font></font></font></p></div> </div>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Total returns </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(before taxes)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></p></div>
<div class="MetaData"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Total returns </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(before taxes)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></div>
0.1326
0.1004
2010-09-30
2010-09-30
-0.1305
-0.135
2010-06-30
2010-06-30
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAnnualTotalReturnsLeggMasonManagerSelectLargeCapGrowthFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik001474103_S000027198Member row rr_ProspectusShareClassAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAnnualTotalReturnsLeggMasonManagerSelectLargeCapValueFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik001474103_S000027199Member row rr_ProspectusShareClassAxis compact * ~</div> </div>
0
0
0.0025
0.01
0.0025
0.005
0.01
0
0
<font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least <font class="_mt">$25,000</font> in funds sold by Legg Mason Investor Services, LLC ("LMIS"), the fund's distributor. </font>
25000
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><strong><font color="#508541" size="2" class="_mt">Number of years you own your shares ($)</font></strong></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"><strong><font color="#508541" size="2" class="_mt">Number of years you own your shares ($)</font></strong></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"><strong><font color="#508541" size="2" class="_mt">Number of years you own your shares ($)</font></strong></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Example</b></font></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Example </b></font></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Example </b></font></p></div>
<div> <div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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: </font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You invest $10,000 in the fund for the time periods indicated </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You reinvest all distributions and dividends without a sales charge </font></p></td></tr></table>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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: </font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You invest $10,000 in the fund for the time periods indicated </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You reinvest all distributions and dividends without a sales charge </font></p></td></tr></table>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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: </font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You invest $10,000 in the fund for the time periods indicated </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Your investment has a 5% return each year and the fund's operating expenses remain the same </font></p></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 4px;"> </p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="2%" align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: WINGDINGS;" class="_mt" color="#666666" size="2">Ÿ</font><font style="font-family: Times New Roman;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></font></td>
<td valign="top" width="1%"><font class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You reinvest all distributions and dividends without a sales charge </font></p></td></tr></table>
<p style="margin-top: 8px; margin-bottom: 0px; font-size: 1px;"> </p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><strong><font color="#508541" size="2" class="_mt">Number of years you own your shares ($)</font></strong></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"><strong><font color="#508541" size="2" class="_mt">Number of years you own your shares ($)</font></strong></p></div>
<div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Number of years you own your shares ($)</b></font></p></div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleNoRedemptionTransposedLeggMasonManagerSelectLargeCapGrowthFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027198Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleNoRedemptionTransposedLeggMasonManagerSelectLargeCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027199Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleNoRedemptionTransposedLeggMasonBwDiversifiedLargeCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000029727Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
92
92
700
208
132
158
208
97
87
2425
1288
995
676
446
524
676
337
306
4441
2465
8362
5327
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleTransposedLeggMasonManagerSelectLargeCapGrowthFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027198Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleTransposedLeggMasonManagerSelectLargeCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027199Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleExpenseExampleTransposedLeggMasonBwDiversifiedLargeCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000029727Member column rr_ProspectusShareClassAxis compact * ~</div> </div>
92
92
700
308
132
158
208
97
87
2425
1288
995
676
446
524
676
337
306
4441
2465
8362
5327
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Fees and expenses of the fund</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Fees and expenses of the fund </font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6"><a name="tx139672_2"> </a>Fees and expenses of the fund </font></p></div>
<div> <div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.</font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund. </font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least <font class="_mt">$25,000</font> in funds sold by Legg Mason Investor Services, LLC ("LMIS"), the fund's distributor. </font></font>More information about these and other discounts is available from your financial intermediary, in this Prospectus on page 15 under the heading "Sales charges" and in the fund's statement of additional information ("SAI") on page 33 under the heading "Sales Charge Waivers and Reductions." </font></p>
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying table describes the fees and expenses that you may pay if you buy and hold shares of the fund.</font></p></div> </div>
0.1204
0.0579
0.0146
0.0221
0.0146
0.0171
0.0221
0.0111
0.0101
<font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">"Other Expenses" has been restated to reflect current fees</font></font>
<font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">"Other expenses" has been restated to reflect current fees</font>
-0.1114
-0.0489
-0.0016
-0.0016
-0.0016
-0.0016
-0.0016
-0.0016
-0.0016
<font class="_mt">December 31, 2012</font>
December 31, 2012
December 31, 2012
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">Best quarter</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">Best quarter</font></p></div>
<font class="_mt">(reflects no deduction for fees, expenses or taxes)</font>
(reflects no deduction for fees, expenses or taxes)
<font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="1">Worst quarter</font></font>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" color="#666666" size="1" class="_mt">Worst quarter</font></p></div>
0.0075
0.0075
0.0075
0.0075
0.0075
0.0075
0.0075
0.0075
0.0075
0
0
0
0.01
0
0
0
0
0
0
0
0.0575
0
0
0
0
0
0
0.009
0.009
0.013
0.0205
0.013
0.0155
0.0205
0.0095
0.0085
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Investment objective</font></p></div>
<div class="MetaData">
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Investment objective </font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6"><a name="tx139672_1"> </a>Investment objective </font></p></div>
<div> <div class="MetaData">
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="3">Long-term growth of capital.</font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="3">Long-term growth of capital. </font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="3">Long-term capital appreciation. </font></p></div> </div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><strong><font color="#508541" size="2" class="_mt">Annual fund operating expenses </font></strong><font style="font-family: ARIAL;" class="_mt" color="#508541" size="1">(expenses that you pay each year as a percentage of the value of<br />your investment)<font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b> (%)</b></font></font></p></div>
<div class="MetaData"><strong><font color="#508541" size="2" class="_mt">Annual fund operating expenses </font></strong><font color="#508541" class="_mt"><font style="font-family: ARIAL;" class="_mt" size="1">(expenses that you pay each year as a percentage of the value of<br />your investment)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Annual fund operating expenses </b>(expenses that you pay each year as a percentage of the value of<b> </b></font></p>
<p style="margin-top: 0px; margin-bottom: 1px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b> </b>your investment)<b> (%)</b></font></p></div>
<font color="#666666" size="1" class="_mt"><font class="_mt"><font color="#666666" size="1" class="_mt">"<font class="_mt">Other expenses" are based on estimated amounts for the current fiscal year</font></font></font></font>
0.1129
0.0504
0.0046
0.0046
0.0046
0.0046
0.0046
0.0036
0.0026
<font class="_mt">1-877-721-1926</font>
1-877-721-1926.
<font class="_mt">http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class)</font>
<font class="_mt">http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance</font> (select share class)
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows the fund's Class I performance for the last calendar year. The table shows the average annual total returns of the fund and also compares the fund's performance with the average annual total returns of an index or other benchmark.</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows the fund's Class I performance for the last calendar year. The table shows the average annual total returns of the fund and also compares the fund's performance with the average annual total returns of an index or other benchmark. </font></p></div>
<div> <div class="MetaData">
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows the fund's Class I performance for the last calendar year. The table shows the average annual total returns of the fund and also compares the fund's performance with the average annual total returns of an index or other benchmark.</font></p></div>
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font> </p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund makes updated performance information available at the fund's website, <font class="_mt">http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance (select share class)</font>, or by calling the fund at <font class="_mt">1-877-721-1926</font>.</font></p>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><i><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.</font></i></font></p></div>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><i><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></i></font> </p></div> </div>
<div> <div class="MetaData">
<div>
<div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The accompanying bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows the fund's Class I performance for the last calendar year. The table shows the average annual total returns of the fund and also compares the fund's performance with the average annual total returns of an index or other benchmark. </font></p></div></div>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund makes updated performance information available at the fund's website, <font class="_mt"><font class="_mt">http://www.leggmason.com/individualinvestors/products/mutual-funds/annualized_performance</font> (select share class)</font>, or by calling the fund at <font class="_mt">1-877-721-1926.</font> </font></p>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="2"><i><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.</font></i></font></p></div></div></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund commenced operations on September 7, 2010; therefore, it does not have a calendar's year worth of performance to report</font></font>.</font></p></div> </div>
<font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund commenced operations on September 7, 2010; therefore, it does not have a calendar's year worth of performance to report</font>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><i><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.</font></i></font></p></div>
<div class="MetaData">
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" size="2"><i><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.</font></i></font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Average annual total returns </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(for periods ended December 31, 2010)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></p></div>
<div class="MetaData"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Average annual total returns </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(for periods ended December 31, 2010)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></div>
<div> <div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The after-tax returns for Class I shares are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font></font> <font class="_mt">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.</font></font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The after-tax returns for Class I shares are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> </font><font class="_mt">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. </font></font></p></div> </div>
<font class="_mt">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.</font>
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.
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAverageAnnualTotalReturnsTransposedLeggMasonManagerSelectLargeCapGrowthFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027198Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleAverageAnnualTotalReturnsTransposedLeggMasonManagerSelectLargeCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik001474103_S000027199Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~</div> </div>
<font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The after-tax returns for Class I shares are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font></font>
<font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The after-tax returns for Class I shares are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>
<font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio turnover.</b></font> </font>
<div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio turnover.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></p></div>
<div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio turnover.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font></p></div>
0.37
0.63
0.06
<div> <div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover 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. The fund commenced operations on December 1, 2009. During the fiscal period ended September 30, 2010, the fund's portfolio turnover rated was <font class="_mt">37%</font> (not annualized).</font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 0pt; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover 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. The fund commenced operations on December 1, 2009. During the fiscal period ended September 30, 2010, the fund's portfolio turnover rate was <font class="_mt">63%</font> (not annualized). </font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover 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. The fund commenced operations on September 7, 2010. During the fiscal period ended September 30, 2010, the fund's portfolio turnover rate was <font class="_mt">6.0%</font> (not annualized).</font></p></div> </div>
2011-01-28
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Certain risks</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Certain risks </font></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6"><a name="tx139672_4"> </a>Certain risks </font></p></div>
<font class="_mt">You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.</font>
You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.
You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.
<div> <div class="MetaData">
<div>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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. <font class="_mt">You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.</font> The following is a summary description of certain risks of investing in the fund.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Market and equity securities risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 recent financial crisis has caused a significant decline in the value and liquidity of many securities and may create a higher degree of volatility in the net asset values of many mutual funds, including the fund. Because these events are unprecedented, it is difficult to predict their magnitude or duration. In response to the crisis, the U.S. government and the Federal Reserve have taken steps to support financial markets. The withdrawal of this support could also negatively affect the value and liquidity of certain securities. In addition, legislation recently enacted in the U.S. calls for changes in many aspects of financial regulation. The impact of the legislation on the markets, and the practical implications for market participants, may not be fully known for some time.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Issuer risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"> </p><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Multi-manager risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> While LMGAA monitors each subadviser and monitors the overall management of the fund, each subadviser makes investment decisions independently from the others. It is possible that the subadvisers' investment styles will not <font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">always be complementary, which could adversely affect the performance of the fund.</font>
</font>
<p> </p>
<p style="margin-top: 8px; margin-bottom: 0px;"> </p><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio selection risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of your investment may decrease if the portfolio managers' judgment about the attractiveness, value of or market trends affecting a particular security, industry or sector, country or region, or about market movements is incorrect. In addition, the investment models used by the portfolio managers to evaluate securities or securities markets are based on certain assumptions concerning the interplay of market factors and do not assure successful investment.</font>
<p> </p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Growth investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund's growth-oriented investment style may increase the risks of investing in the fund. 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. Growth stocks as a group can be more volatile than value stocks and may be out of favor and underperform the overall equity market while the market concentrates on value stocks. Although the fund will not concentrate its investments in any one industry or industry group, it may, like many growth funds, weight its investments toward certain industries, thus increasing its exposure to factors adversely affecting issuers within those industries.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Large capitalization company risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Large capitalization companies may fall out of favor with investors.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Small and medium capitalization company risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund may invest in small- or mid-sized companies. Such companies may be more at risk than larger companies because, among other things, they may fall out of favor with investors, they may have limited product lines, operating history, market or financial resources, or because they may depend on limited management groups. Securities of smaller companies may be more volatile, especially in the short term, may have limited liquidity and may be difficult to value. Smaller companies are often involved in actual or anticipated reorganizations or restructurings and it may be difficult to obtain information as to the financial conditions of smaller companies.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Leveraging risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Use of leverage can magnify the effects of changes in the value of the fund's investments and makes such investments more volatile. The fund may also have to sell assets at inopportune times to satisfy its obligations.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Foreign investments risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund's investments in securities of foreign issuers involve greater risk than investments in securities of U.S. issuers. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets, may suffer from political or economic instability and may experience negative government actions, such as currency controls or seizures of private businesses or property. In some foreign countries, less information is available about issuers and markets because of less rigorous accounting and regulatory standards than in the United States. Currency conversion costs and currency fluctuations could erase </font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">investment gains or add to investment losses. <b> </b>Because the value of a depositary receipt is dependent upon the market price of an underlying foreign security, depositary receipts are subject to most of the risks associated with investing in foreign securities directly.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Derivatives risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Using derivatives, especially for non-hedging purposes, can increase fund losses and reduce opportunities for gains when market prices, interest rates, currency rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives also can have a leveraging effect and increase fund volatility. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. Using derivatives may also have adverse tax consequences for the fund's shareholders. 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 known 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. Swap agreements will tend to shift the fund's investment exposure from one type of investment to another.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Convertible securities risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Convertible securities are subject to market and interest rate risk and credit risk. When the market price of the equity security underlying a convertible security decreases, the convertible security tends to trade on the basis of its yield and other fixed income characteristics, making the convertible security more susceptible to credit and interest rate risks. When the market price of such equity security rises, the convertible security tends to trade on the basis of its equity conversion features and be more exposed to market risk. Convertible securities are typically issued by smaller capitalized companies whose stock prices may be volatile.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Short sales risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund may suffer significant losses if assets that the fund sells short appreciate rather than depreciate in value. The amount of any gain will be decreased, and the amount of any loss increased, by the amount of the premium, dividends, interest or expenses the fund may be required to pay in connection with the short sale. While the possible loss on a security that is purchased is limited to the price paid for the security, there is no limit on the amount of loss on a security that is sold short.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Investment Company and ETF risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Investing in securities issued by investment companies and exchange-traded funds ("ETFs") involves risks similar to those of investing directly in the securities and other assets held by the investment company or ETF. The fund will indirectly bear its pro rata share of the fees and expenses incurred by any fund it invests in, including advisory fees, and will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. Investing in hedge funds and other privately offered funds involves the additional risks of limited liquidity and potentially significant volatility.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Cash management and defensive investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of the investments held by the fund for cash management or defensive investing purposes may be affected by changing interest rates and by changes in credit ratings of the investments. If the fund holds cash uninvested it could be subject to the credit risk of the depository institution holding the cash. If a significant amount of the fund's assets are used for cash management or defensive investing purposes, it may not be pursuing its principal investment strategies and may not achieve its investment objective.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Valuation risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 shares or lower redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Risk of increase in expenses.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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.</font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">These risks are discussed in more detail in this Prospectus or in the statement of additional information ("SAI").</font></p></div></div> </div>
<div> <div class="MetaData">
<div>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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.<font class="_mt">You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.</font> The following is a summary description of certain risks of investing in the fund. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Market and equity securities risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 recent financial crisis has caused a significant decline in the value and liquidity of many securities and may create a higher degree of volatility in the net asset values of many mutual funds, including the fund. Because these events are unprecedented, it is difficult to predict their magnitude or duration. In response to the crisis, the U.S. government and the Federal Reserve have taken steps to support financial markets. The withdrawal of this support could also negatively affect the value and liquidity of certain securities. In addition, legislation recently enacted in the U.S. calls for changes in many aspects of financial regulation. The impact of the legislation on the markets, and the practical implications for market participants, may not be fully known for some time. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Issuer risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Multi-manager risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> While LMGAA monitors each subadviser and monitors the overall management of the fund, each subadviser makes investment decisions independently from the others. It is possible that the subadvisers' investment styles will not always be complementary, which could adversely affect the performance of the fund. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio selection risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of your investment may decrease if the portfolio managers' judgment about the attractiveness, value of or market trends affecting a particular security, industry or sector, country or region, or about market movements is incorrect. In addition, the investment models used by the portfolio managers to evaluate securities or securities markets are based on certain assumptions concerning the interplay of market factors and do not assure successful investment. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Value investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value approach to investing involves the risk that stocks may remain undervalued or decline in price. Value stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, 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. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Large capitalization company risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Large capitalization companies may fall out of favor with investors. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Small and medium capitalization company risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund may invest in small- or mid-sized companies. Such companies may be more at risk than larger companies because, among other things, they may fall out of favor with investors, they may have limited product lines, operating history, market or financial resources, or because they may depend on limited management groups. Securities of smaller companies may be more volatile, especially in the short term, may have limited liquidity and may be difficult to value. Smaller companies are often involved in actual or anticipated reorganizations or restructurings and it may be difficult to obtain information as to the financial conditions of smaller companies. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Leveraging risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Use of leverage can magnify the effects of changes in the value of the fund's investments and makes such investments more volatile. The fund may also have to sell assets at inopportune times to satisfy its obligations. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Foreign investments risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund's investments in securities of foreign issuers involve greater risk than investments in securities of U.S. issuers. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets, may suffer from political or economic instability and may experience negative government actions, such as currency controls or seizures of private businesses or property. In some foreign countries, less information is available about issuers and markets because of less rigorous accounting and regulatory standards than in the United States. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. <b> </b>Because the value of a depositary receipt is dependent upon the market price of an underlying foreign security, depositary receipts are subject to most of the risks associated with investing in foreign securities directly. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Derivatives risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Using derivatives, especially for non-hedging purposes, can increase fund losses and reduce opportunities for gains when market prices, interest rates, currency rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives also can have a leveraging effect and increase fund volatility. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. Using derivatives may also have adverse tax consequences for the fund's shareholders. 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 known 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. Swap agreements will tend to shift the fund's investment exposure from one type of investment to another. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Convertible securities risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Convertible securities are subject to market and interest rate risk and credit risk. When the market price of the equity security underlying a convertible security decreases, the convertible security tends to trade on the basis of its yield and other fixed income characteristics, making the convertible security more susceptible to credit and interest rate risks. When the market price of such equity security rises, the convertible security tends to trade on the basis of its equity conversion features and be more exposed to market risk. Convertible securities are typically issued by smaller capitalized companies whose stock prices may be volatile. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Short sales risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund may suffer significant losses if assets that the fund sells short appreciate rather than depreciate in value. The amount of any gain will be decreased, and the amount of any loss increased, by the amount of the premium, dividends, interest or expenses the fund may be required to pay in connection with the short sale. While the possible loss on a security that is purchased is limited to the price paid for the security, there is no limit on the amount of loss on a security that is sold short. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Investment Company and ETF risk. </b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Investing in securities issued by investment companies and exchange-traded funds ("ETFs") involves risks similar to those of investing directly in the securities and other assets held by the investment company or ETF. The fund will indirectly bear its pro rata share of the fees and expenses incurred by any fund it invests in, including advisory fees, and will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. Investing in hedge funds and other privately offered funds involves the additional risks of limited liquidity and potentially significant volatility. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Cash management and defensive investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of the investments held by the fund for cash management or defensive investing purposes may be affected by changing interest rates and by changes in credit ratings of the investments. If the fund holds cash uninvested it could be subject to the credit risk of the depository institution holding the cash. If a significant amount of the fund's assets are used for cash management or defensive investing purposes, it may not be pursuing its principal investment strategies and may not achieve its investment objective. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Valuation risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 shares or lower redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Risk of increase in expenses.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">These risks are discussed in more detail in this Prospectus or in the SAI.</font></p></div></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">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. <font class="_mt">You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.</font> The following is a summary description of certain risks of investing in the fund. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Market and equity securities risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 recent financial crisis has caused a significant decline in the value and liquidity of many securities and may create a higher degree of volatility in the net asset values of many mutual funds, including the fund. Because these events are unprecedented, it is difficult to predict their magnitude or duration. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">In response to the crisis, the U.S. government and the Federal Reserve have taken steps to support financial markets. The withdrawal of this support could also negatively affect the value and liquidity of certain securities. In addition, legislation recently enacted in the U.S. calls for changes in many aspects of financial regulation. The impact of the legislation on the markets, and the practical implications for market participants, may not be fully known for some time. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Issuer risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Portfolio selection risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of your investment may decrease if the portfolio managers' judgment about the attractiveness, value of or market trends affecting a particular security, industry or sector, country or region, or about market movements is incorrect. In addition, the investment models used by the portfolio managers to evaluate securities or securities markets are based on certain assumptions concerning the interplay of market factors and do not assure successful investment. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Value investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value approach to investing involves the risk that stocks may remain undervalued or decline in price. Value stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, 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. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Large capitalization company risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Large capitalization companies may fall out of favor with investors. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Foreign investments risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund's investments in securities of foreign issuers involve greater risk than investments in securities of U.S. issuers. Foreign countries in which the fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets, may suffer from political or economic instability and may experience negative government actions, such as currency controls or seizures of private businesses or property. In some foreign countries, less information is available about issuers and markets because of less rigorous accounting and regulatory standards than in the United States. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Special risks of companies undergoing reorganization or restructuring.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> Investing in companies undergoing reorganization or restructuring involves special risks including that the transaction may not be completed on the terms or time frame contemplated, it may be difficult to obtain information on the financial condition of such companies, the issuer's management may be addressing a type of situation with which it has little experience, and the fact that the market prices of such securities are subject to above-average price volatility. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Cash management and defensive investing risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The value of the investments held by the fund for cash management or defensive investing purposes may be affected by changing interest rates and by changes in credit ratings of the investments. If the fund holds cash uninvested it could be subject to the credit risk of the depository institution holding the cash. If a significant amount of the fund's assets are used for cash management or defensive investing purposes, it may not be pursuing its principal investment strategies and may not achieve its investment objective. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Valuation risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 shares or lower redemption proceeds than they would have received if the fund had not fair-valued the security or had used a different valuation methodology. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Risk of increase in expenses.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> 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 are lower than estimated. Net assets are more likely to be less than estimated and fund expense ratios are more likely to increase when markets are volatile. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="2"><b>Funds of funds investments risk.</b></font><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"> The fund may be an investment option for other Legg Mason-advised mutual funds that are managed as "funds of funds." As a result, from time to time, the fund may experience relatively large redemptions or investments and could be required to sell securities or to invest cash at a time when it is not advantageous to do so. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">These risks are discussed in more detail later in this Prospectus or in the SAI.</font></p></div> </div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Legg Mason Manager Select Large Cap Growth Fund</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Legg Mason Manager Select Large Cap Value Fund </font></p></div>
<div class="MetaData">
<p style="margin-top: 24px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="6">Legg Mason BW </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Diversified Large Cap </font><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Value Fund</font></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Shareholder fees </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(paid directly from your investment)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></p></div>
<div class="MetaData">
<p style="margin-top: 18px; margin-bottom: 0px;"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Shareholder fees </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(paid directly from your investment)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"><font color="#508541" class="_mt"><font class="_mt"><strong><font size="2" class="_mt">Shareholder fees </font></strong><font style="font-family: ARIAL;" class="_mt" size="1">(paid directly from your investment)</font><font style="font-family: ARIAL;" class="_mt" size="2"><b> (%)</b></font></font></font></p></div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleShareholderFeesLeggMasonManagerSelectLargeCapGrowthFund column period compact * column dei_LegalEntityAxis compact cik001474103_S000027198Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleShareholderFeesLeggMasonManagerSelectLargeCapValueFund column period compact * column dei_LegalEntityAxis compact cik001474103_S000027199Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
<div> <div style="display:none;" >~ http://www.leggmason.com/role/ScheduleShareholderFeesLeggMasonBwDiversifiedLargeCapValueFund column period compact * column dei_LegalEntityAxis compact cik001474103_S000029727Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> </div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Principal investment strategies</font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6">Principal investment strategies </font></p></div>
<div class="MetaData">
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#508541" size="6"><a name="tx139672_3"> </a>Principal investment strategies </font></p></div>
<div> <div class="MetaData">
<p style="margin-top: 6px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of large-capitalization companies (or other financial instruments that derive their value from the equity securities of such companies).</font></font>The fund generally follows a growth discipline in selecting securities. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund may invest up to 20% of its net assets in small- and mid- capitalization companies. The fund may also invest up to 20% of its net assets in securities of foreign companies.<b> </b>Further, the fund may engage in short sales of securities and other instruments. Short sales may be used to hedge or substantially offset long positions held by the fund, but also may be unrelated to any long positions held by the fund. The fund may hold no more than 25% of its net assets (taken at current market value) as required collateral for such sales at any one time. The fund may also invest in derivatives such as futures and options, to attempt to enhance its return, or to hedge its investments, among other things. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund utilizes a "multi-manager" approach whereby the fund's assets are normally allocated among multiple investment strategies (each managed by a different subadviser and/or investment team) and the Legg Mason Global Asset Allocation "completion portfolio" (managed by the fund's adviser). Each subadviser and/or investment team uses a different investment strategy that the fund's adviser believes is generally complementary to the investment strategies used by the fund's other subadvisers and investment teams. Each subadviser acts independently from the other subadvisers and from the fund's adviser and uses its own methodology for selecting investments. Under normal market conditions, approximately 30% of the fund's assets will be managed by ClearBridge Advisors, LLC in its Aggressive Growth strategy, approximately 30% of the fund's assets will be managed by ClearBridge Advisors, LLC in its Large Cap Growth strategy, approximately 30% of the fund's assets will be managed by Barrett Associates, Inc. in its Large Cap Growth strategy and the remainder of the fund's assets will be managed by Legg Mason Global Asset Allocation, LLC in a "completion portfolio" that attempts to reduce overall fund tracking error versus the fund's comparative index. Legg Mason Global Asset Allocation, LLC manages the "completion portfolio" with reference to the portions of the fund's assets managed by the subadvisers, but acts independently of the subadvisers in managing the "completion portfolio." Pending the Board of Trustees' approval, it is currently expected that Legg Mason Global Asset Allocation, LLC will allocate the portion of assets currently managed by Barrett Associates, Inc. to Legg Mason Capital Management, Inc. on or about March 1, 2011. </font></p></div> </div>
<div> <div class="MetaData">
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of large-capitalization companies (or other financial instruments that derive their value from the equity securities of such companies).</font> </font>The fund generally follows a value discipline in selecting securities. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund may invest up to 20% of its net assets in small- and mid- capitalization companies. The fund may also invest up to 20% of its net assets in securities of foreign companies. Further, the fund may engage in short sales of securities and other instruments. Short sales may be used to hedge or substantially offset long positions held by the fund, but also may be unrelated to any long positions held by the fund. The fund may hold no more than 25% of its net assets (taken at current market value) as required collateral for such sales at any one time. The fund may also invest in derivatives such as futures and options, to attempt to enhance its return, or to hedge its investments, among other things. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund utilizes a "multi-manager" approach whereby the fund's assets are normally allocated among multiple investment strategies (each managed by a different subadviser and/or investment team) and the Legg Mason Global Asset Allocation "completion portfolio" (managed by the fund's adviser). Each subadviser and/or investment team uses a different investment strategy that the fund's adviser believes is generally complementary to the investment strategies used by the fund's other subadvisers and investment teams. Each subadviser acts independently from the other subadvisers and from the fund's adviser and uses its own methodology for selecting investments. Under normal market conditions, approximately 30% of the fund's assets will be managed by Brandywine Global Investment Management, LLC in its Dynamic Large Cap Value Equity strategy, approximately 30% of the fund's assets will be managed by Brandywine Global Investment Management, LLC in its Fundamental Large Cap Value Equity strategy, approximately 30% of the fund's assets will be managed by ClearBridge Advisors, LLC in its Large Cap Value strategy and the remainder of the fund's assets will be managed by Legg Mason Global Asset Allocation, LLC in a "completion portfolio" that attempts to reduce overall fund tracking error versus the fund's comparative index. Legg Mason Global Asset Allocation, LLC manages the "completion portfolio" with reference to the portions of the fund's assets managed by the subadvisers, but acts independently of the subadvisers in managing the "completion portfolio." </font></p></div> </div>
<div> <div class="MetaData">
<p style="padding-bottom: 0px; margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2"><font class="_mt"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund normally invests at least 80% of its net assets in equity securities of large capitalization companies. </font></font>Large capitalization companies are those companies with market capitalizations similar to companies in the Russell 1000<font style="font-family: ARIAL;" class="_mt" color="#666666" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">®</sup></font> Index (the "Index"). The size of the companies in the Index changes with market conditions and the composition of the Index. As of December 31, 2010, the median market capitalization of a company in the Index was approximately $5,299 million and the dollar-weighted average market capitalization of the companies in the Index was approximately $78.7 billion. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund invests primarily in equity securities that, in the investment adviser's opinion, are undervalued or out of favor. The investment adviser invests in securities that meet its value criteria, based on both quantitative and fundamental analysis. The fund expects to hold approximately 150-250 stocks under normal market conditions. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund may invest in foreign equity securities, either directly or through depositary receipts. </font></p>
<p style="margin-top: 8px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#666666" size="2">The fund may take temporary defensive and cash management positions; in such a case, the fund may not be pursuing its principal investment strategies and may not achieve its investment objective.</font></p></div> </div>
The manager has agreed to forgo fees and/or reimburse operating expenses (other than interest, dividend expense on short sales, taxes, extraordinary expenses, acquired fund fees and expenses, and brokerage commissions (except for brokerage commissions paid on purchases and sales of shares of ETFs)), so that total annual operating expenses are not expected to exceed 0.90% for Class I shares. This arrangement cannot be terminated prior to December 31, 2012 without the Board of Trustees' consent. The manager is permitted to recapture amounts forgone or reimbursed to the class within three years after the year in which the manager earned the fee or incurred the expense if the class' total annual operating expenses have fallen to a level below the limit described above.
The manager has agreed to forgo fees and/or reimburse operating expenses (other than interest, dividend expense on short sales, taxes, extraordinary expenses, acquired fund fees and expenses, and brokerage commissions (except for brokerage commissions paid on purchases and sales of shares of ETFs)), so that total annual operating expenses are not expected to exceed 0.90% for Class I shares. This arrangement cannot be terminated prior to December 31, 2012 without the Board of Trustees' consent. The manager is permitted to recapture amounts forgone or reimbursed to the class within three years after the year in which the manager earned the fee or incurred the expense if the class' total annual operating expenses have fallen to a level below the limit described above.
The manager has agreed to forgo fees and/or reimburse operating expenses (other than interest, taxes, extraordinary expenses, acquired fund fees and expenses, and brokerage commissions (except for brokerage commissions paid on purchases and sales of shares of ETFs)), so that total annual operating expenses are not expected to exceed 1.30%, 2.05%, 1.30%, 1.55%, 2.05%, 0.95% and 0.85% for Class A, C, FI, R, R1, I and IS shares, respectively. 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, 2012 without the Board of Trustees' consent. The manager is permitted to recapture amounts forgone or reimbursed to a class within three years after the year in which the manager earned the fee or incurred the expense if the class' total annual operating expenses have fallen to a level below the limit described above.
"Other Expenses" has been restated to reflect current fees.
"Other expenses" has been restated to reflect current fees.
"Other expenses" are based on estimated amounts for the current fiscal year.