This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class A	$123	1.15%

^[1]

Expenses Paid, Amount

$ 123

Expense Ratio, Percent

1.15%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class A shares of ClearBridge Sustainability Leaders Fund returned 14.53%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	5 Year	Since Inception (11/2/2015)
Class A	14.53	11.06	12.49
Class A (with sales charge)	8.25	9.74	11.82
Russell 3000 Index	20.81	16.74	13.93

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[2]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

Class C

Shareholder Report [Line Items]

Fund Name

ClearBridge Sustainability Leaders Fund

Class Name

Class C

Trading Symbol

CAABX

Annual or Semi-Annual Statement [Text Block]

This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class C	$200	1.87%

^[3]

Expenses Paid, Amount

$ 200

Expense Ratio, Percent

1.87%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class C shares of ClearBridge Sustainability Leaders Fund returned 13.73%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	Since Inception (9/30/2021)
Class C	13.73	5.97
Class C (with sales charge)	12.73	5.97
Russell 3000 Index	20.81	12.35

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[4]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

Class FI

Shareholder Report [Line Items]

Fund Name

ClearBridge Sustainability Leaders Fund

Class Name

Class FI

Trading Symbol

LCSTX

Annual or Semi-Annual Statement [Text Block]

This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class FI	$122	1.14%

^[5]

Expenses Paid, Amount

$ 122

Expense Ratio, Percent

1.14%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class FI shares of ClearBridge Sustainability Leaders Fund returned 14.55%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	5 Year	10 Year
Class FI	14.55	11.04	12.57
Russell 3000 Index	20.81	16.74	14.08

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[6]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

Class R

Shareholder Report [Line Items]

Fund Name

ClearBridge Sustainability Leaders Fund

Class Name

Class R

Trading Symbol

CBSLX

Annual or Semi-Annual Statement [Text Block]

This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class R	$155	1.45%

^[7]

Expenses Paid, Amount

$ 155

Expense Ratio, Percent

1.45%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class R shares of ClearBridge Sustainability Leaders Fund returned 14.22%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	Since Inception (6/3/2022)
Class R	14.22	10.44
Russell 3000 Index	20.81	17.13

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[8]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

Class I

Shareholder Report [Line Items]

Fund Name

ClearBridge Sustainability Leaders Fund

Class Name

Class I

Trading Symbol

LCISX

Annual or Semi-Annual Statement [Text Block]

This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class I	$91	0.85%

^[9]

Expenses Paid, Amount

$ 91

Expense Ratio, Percent

0.85%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class I shares of ClearBridge Sustainability Leaders Fund returned 14.87%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	5 Year	10 Year
Class I	14.87	11.40	12.96
Russell 3000 Index	20.81	16.74	14.08

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[10]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

Class IS

Shareholder Report [Line Items]

Fund Name

ClearBridge Sustainability Leaders Fund

Class Name

Class IS

Trading Symbol

LCILX

Annual or Semi-Annual Statement [Text Block]

This annual shareholder report contains important information about ClearBridge Sustainability Leaders Fund for the period November 1, 2024, to October 31, 2025.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at 877-6LM-FUND/656-3863.

Additional Information Phone Number

877-6LM-FUND/656-3863

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Class Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
Class IS	$81	0.75%

^[11]

Expenses Paid, Amount

$ 81

Expense Ratio, Percent

0.75%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended October 31, 2025, Class IS shares of ClearBridge Sustainability Leaders Fund returned 15.03%. The Fund compares its performance to the Russell 3000 Index, which returned 20.81% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock performed well as results from U.S. hyperscalers continued to validate increased capex in support of artificial intelligence (AI) efforts, where Broadcom is a leader in the market for custom silicon.
↑	Nvidia, in the IT sector, is the leading developer of graphic processing units (GPU) for use in generative AI as well as gaming and enterprise applications. Shares made gains as hyperscalers and others maintained elevated capex on generative AI and data centers, for which Nvidia’s chips are central.
↑	JPMorgan Chase performed well as investors looked forward to a lighter regulatory touch for banks and credit card issuers under a Republican administration. Shares were also helped by disciplined execution, resilient consumer spending and credit and signs of increasing capital markets activity.


Top detractors from performance:
↓	UnitedHealth Group shares dropped following news of higher utilization, increasing costs and revenue shortfalls in its Optum Health business. Concerns of poor execution were exacerbated by the resignation of its CEO and federal lawsuits against pharmacy benefit managers such as UnitedHealth’s OptumRx.
↓	Novo Nordisk, in the health care sector, engages in the research and development of pharmaceutical products. Shares declined following a disappointing clinical trial for a next-generation weight loss molecule; higher competition from illegal compounders also weighed on shares.
↓	Danaher traded down amid tariff uncertainty for its biopharma customers and lack of funding clarity for U.S. academic customers.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended October 31, 2025


	1 Year	5 Year	10 Year
Class IS	15.03	11.51	13.03
Russell 3000 Index	20.81	16.74	14.08

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 101,815,720

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 529,147

Investment Company Portfolio Turnover

44.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of October 31, 2025)


Total Net Assets	$101,815,720
Total Number of Portfolio Holdings	59
Total Management Fee Paid	$529,147
Portfolio Turnover Rate	44%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of October 31, 2025)

Portfolio Composition^* (% of Total Investments)

^[12]

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

[1]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[2]

*	Does not include derivatives, except purchased options, if any.

[3]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[4]

*	Does not include derivatives, except purchased options, if any.

[5]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[6]

*	Does not include derivatives, except purchased options, if any.

[7]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[8]

*	Does not include derivatives, except purchased options, if any.

[9]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[10]

*	Does not include derivatives, except purchased options, if any.

[11]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[12]

*	Does not include derivatives, except purchased options, if any.