0001752724-22-224762.txt : 20221005 0001752724-22-224762.hdr.sgml : 20221005 20221005110420 ACCESSION NUMBER: 0001752724-22-224762 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220731 FILED AS OF DATE: 20221005 DATE AS OF CHANGE: 20221005 EFFECTIVENESS DATE: 20221005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Legg Mason Global Asset Management Trust CENTRAL INDEX KEY: 0001474103 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22338 FILM NUMBER: 221294805 BUSINESS ADDRESS: STREET 1: 100 INTERNATIONAL DRIVE CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-539-0000 MAIL ADDRESS: STREET 1: 100 INTERNATIONAL DRIVE CITY: BALTIMORE STATE: MD ZIP: 21202 0001474103 S000060200 Martin Currie SMASh Series EM Fund C000197014 Martin Currie SMASh Series EM Fund LCSMX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001474103 XXXXXXXX 811-22338 false false false N-1A S000060200 C000197014 Legg Mason Global Asset Management Trust 811-22338 0001474103 549300BI5I8NVF50DG69 620 Eighth Avenue 47th Floor New York 10018 US-NY US 1-877-656-3863 ClearBridge Investments, LLC 620 Eighth Avenue 48th Floor New York 10018 1-800-691-6960 Records related to its function as sub-advisor. ClearBridge RARE Infrastructure (North America) PTY Limited Level 13, 35 Clarence Street Sydney AU NSW 2000 61-2-9397-7300 Records related to its function as sub-advisor. Franklin Advisers, Inc. One Franklin Parkway San Mateo 94403-1906 1-650-312-2000 Records related to its function as sub-advisor. Brandywine Global Investment Management, LLC 1735 Market Street Philadelphia 19103 1-215-609-3500 Records related to its function as a sub-advisor. Western Asset Management Company Limited 10 Exchange Square Primrose Street London GB EC2A 2EN 44-20-7422-3000 Records related to its function as sub-advisor. The Bank of New York Mellon 240 Greenwich Street New York 10286 1-212-495-1784 Records related to its function as custodian. Franklin Templeton Investor Services, LLC 3344 Quality Drive Rancho Cordova 95670 1-916-463-2075 Records related to its function as transfer agent. Western Asset Management Company, LLC 385 East Colorado Boulevard Pasadena 91101 1-626-844-9400 Records related to its function as sub-advisor. Legg Mason Global Asset Management Trust 620 Eighth Avenue 47th Floor New York 10018 1-877-656-3863 Records related to its function as registrant. BNY Mellon Investment Servicing (US) Inc. 301 Bellevue Parkway Wilmington 19809 1-302-791-1700 Records related to its function as transfer agent. Franklin Distributors LLC 100 International Drive Baltimore 21202 1-800-822-5544 Records related to its function as distributor. Western Asset Management Company Ltd. 5-1 Marunouchi 1-Chome Chiyoda-Ku Tokyo JP 100-6536 81-03-4520-4300 Records related to its function as sub-advisor. Legg Mason Partners Fund Advisor, LLC 280 Park Avenue New York 10017 1-305-529-4400 Records related to its function as advisor. Martin Currie Inc Saltire Court 20 Castle Terrace Edinburgh GB EH1 2ES 44-(0)-131-229-5252 Records related to its function as sub-advisor. N N N-1A 18 Y Jane Trust N/A Y Robin J.W. Masters N/A N G. Peter O'Brien N/A N Paul R. Ades N/A N Howard J. Johnson N/A N Ken Miller N/A N Susan M. Heilbron N/A N Andrew L. Breech N/A N Arnold L. Lehman N/A N Stephen R. Gross N/A N Althea L. Duersten N/A N Jerome H. Miller N/A N Thomas F. Schlafly N/A N Ted P. Becker N/A 620 Eighth Avenue 47th Floor New York 10018 XXXXXX N N N N N N Franklin Distributors, LLC 008-53089 000109064 N/A Y N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N N Martin Currie SMASh Series EM Fund S000060200 549300B4QSPMYWW7U508 N 1 0 0 N/A Y N N N N/A N/A N/A Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Legg Mason Partners Fund Advisor, LLC 801-66785 000140432 549300POFVK5JLWUL193 N MARTIN CURRIE INC. 801-14261 000110909 549300ZAKP3NG77F3O35 Y GB N BNY Mellon Investment Servicing (US) Inc. 084-01761 549300CFZQLI9QMJ1Z03 N N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N Y PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Refinitiv US LLC 213800HQORQAP68CJJ04 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Virtu Financial, Inc. 5493001OPW2K42CH3884 N THE CLEARING HOUSE PAYMENTS COMPANY L.L.C. 549300KIB86ZLHRUV723 N Bloomberg L.P. 549300B56MD0ZC402L06 N Refinitiv Benchmark Services Limited N/A N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bank of America Merill Lynch PriceServe N/A N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N BNY Mellon Investment Servicing (US) Inc. 549300CFZQLI9QMJ1Z03 N N Franklin Templeton Investor Services, LLC 084-01036 SEC File number Y N Y Legg Mason Partners Fund Advisor, LLC 549300POFVK5JLWUL193 Y N N Franklin Distributors, LLC 008-53089 000109064 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 008-43206 000027884 N/A 0.00000000 Clarion Partners Securities, LLC 008-69204 000166384 N/A 0.00000000 ROYCE FUND SERVICES, LLC 008-28663 000014470 N/A 0.00000000 CREDIT SUISSE SECURITIES (USA) LLC 008-00422 000000816 1V8Y6QCX6YMJ2OELII46 146472.90000000 CREDIT AGRICOLE SECURITIES (USA), INC. 008-13753 000000190 549300WO2DKF0Q3YMV43 29273.54000000 MORGAN STANLEY & CO. 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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of Martin Currie SMASh Series EM Fund

In planning and performing our audit of the financial statements of Martin Currie SMASh Series EM Fund (a series of Legg Mason Global Asset Management Trust, hereafter referred to as the "Fund") as of and for the year ended July 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) ("PCAOB"), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of July 31, 2022.

This report is intended solely for the information and use of the Board of Trustees of Legg Mason Global Asset Management Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
September 20, 2022