XML 10 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS INCOME TRUST
Prospectus Date rr_ProspectusDate Mar. 24, 2017
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

LEGG MASON FUNDS TRUST

LEGG MASON PARTNERS EQUITY TRUST

LEGG MASON PARTNERS INCOME TRUST

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON FUNDS TRUST
  
ClearBridge Real Estate Opportunities Fund
     May 2, 2016  
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
ClearBridge International Growth Fund
     March 1, 2017  
ClearBridge Small Cap Fund
     March 1, 2017  
ClearBridge Value Trust
     March 1, 2017  
Legg Mason BW Absolute Return Opportunities Fund
     March 1, 2017  
Legg Mason BW Alternative Credit Fund
     March 1, 2017  
Legg Mason BW Diversified Large Cap Value Fund
     February 1, 2017  
Legg Mason BW Dynamic Large Cap Value Fund
     February 1, 2017  
Legg Mason BW Global Flexible Income Fund
     May 31, 2016  
Legg Mason BW Global High Yield Fund
     March 1, 2017  
Legg Mason BW Global Opportunities Bond Fund
     May 1, 2016  
Legg Mason BW International Opportunities Bond Fund
     May 1, 2016  
Martin Currie Emerging Markets Fund
     February 1, 2017  
Martin Currie International Unconstrained Equity Fund
     September 30, 2016  
QS Global Market Neutral Fund
     February 1, 2017  
QS International Equity Fund
     February 1, 2017  
QS Strategic Real Return Fund
     February 1, 2017  
QS U.S. Small Capitalization Equity Fund
     May 1, 2016  
RARE Global Infrastructure Value Fund
     February 1, 2017  
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Aggressive Growth Fund
     December 28, 2016  
ClearBridge All Cap Value Fund
     February 1, 2017  
ClearBridge Appreciation Fund
     March 1, 2017  
ClearBridge Dividend Strategy Fund
     May 1, 2016  
ClearBridge Energy MLP & Infrastructure Fund
     March 1, 2017  
ClearBridge International Small Cap Fund
     February 1, 2017  
ClearBridge International Value Fund
     March 1, 2017  
ClearBridge Large Cap Value Fund
     March 1, 2017  
ClearBridge Mid Cap Fund
     March 1, 2017  
ClearBridge Mid Cap Growth Fund
     March 1, 2017  
ClearBridge Select Fund
     March 1, 2017  
ClearBridge Small Cap Growth Fund
     March 1, 2017  
ClearBridge Small Cap Value Fund
     February 1, 2017  
ClearBridge Sustainability Leaders Fund
     March 1, 2017  
ClearBridge Tactical Dividend Income Fund
     March 1, 2017  
EnTrustPermal Alternative Core Fund
     May 1, 2016  
QS Conservative Growth Fund
     June 1, 2016  
QS Defensive Growth Fund
     June 1, 2016  
QS Dynamic Multi-Strategy Fund
     June 1, 2016  
QS Global Dividend Fund
     February 1, 2017  
QS Global Equity Fund
     March 1, 2017  
QS Growth Fund
     June 1, 2016  
QS International Dividend Fund
     February 1, 2017  
QS Moderate Growth Fund
     June 1, 2016  
QS S&P 500 Index Fund
     February 1, 2017  
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Adjustable Rate Income Fund
     September 30, 2016  
Western Asset California Municipals Fund
    








Summary
Prospectus and
Prospectus dated
June 30, 2016 and
Statement of
Additional
Information Dated
June 30, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
Western Asset Corporate Bond Fund
     May 1, 2016  
Western Asset Emerging Markets Debt Fund
     June 30, 2016  
Western Asset Global High Yield Bond Fund
     May 1, 2016  
Western Asset Global Strategic Income Fund
     November 23, 2016  
Western Asset Intermediate-Term Municipals Fund
    

August 1, 2016, as
amended
February 28, 2017
 
 
 
Western Asset Managed Municipals Fund
    

June 30, 2016, as
amended
February 28, 2017
 
 
 
Western Asset Mortgage Backed Securities Fund
     May 1, 2016  
Western Asset Municipal High Income Fund
     November 23, 2016  
Western Asset New Jersey Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
Western Asset New York Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
Western Asset Oregon Municipals Fund
     September 30, 2016  
Western Asset Pennsylvania Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
Western Asset Short Duration High Income Fund
     November 23, 2016
Western Asset Short Duration Municipal Income Fund
     March 1, 2017
Western Asset Short-Term Bond Fund
     May 1, 2016
Western Asset Short Term Yield Fund
     November 23, 2016
WESTERN ASSET FUNDS, INC.
  
Western Asset Core Bond Fund
     May 1, 2016
Western Asset Core Plus Bond Fund
     May 1, 2016
Western Asset High Yield Fund
     September 30, 2016
Western Asset Inflation Indexed Plus Bond Fund
     May 1, 2016
Western Asset Intermediate Bond Fund
     September 30, 2016
Western Asset Macro Opportunities Fund
     March 1, 2017
Western Asset Total Return Unconstrained Fund
     September 30, 2016
Legg Mason Global Asset Management Trust | ClearBridge International Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
ClearBridge International Growth Fund
     March 1, 2017
Legg Mason Global Asset Management Trust | ClearBridge Small Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
ClearBridge Small Cap Fund
     March 1, 2017
Legg Mason Global Asset Management Trust | ClearBridge Value Trust  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
ClearBridge Value Trust
     March 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Absolute Return Opportunities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Absolute Return Opportunities Fund
     March 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Alternative Credit Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Alternative Credit Fund
     March 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Diversified Large Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Diversified Large Cap Value Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Dynamic Large Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Dynamic Large Cap Value Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Global Flexible Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Global Flexible Income Fund
     May 31, 2016
Legg Mason Global Asset Management Trust | Legg Mason BW Global High Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Global High Yield Fund
     March 1, 2017
Legg Mason Global Asset Management Trust | Legg Mason BW Global Opportunities Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW Global Opportunities Bond Fund
     May 1, 2016
Legg Mason Global Asset Management Trust | Legg Mason BW International Opportunities Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Legg Mason BW International Opportunities Bond Fund
     May 1, 2016
Legg Mason Global Asset Management Trust | Martin Currie Emerging Markets Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Martin Currie Emerging Markets Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | Martin Currie International Unconstrained Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
Martin Currie International Unconstrained Equity Fund
     September 30, 2016
Legg Mason Global Asset Management Trust | QS Global Market Neutral Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
QS Global Market Neutral Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | QS International Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
QS International Equity Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | QS Strategic Real Return Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
QS Strategic Real Return Fund
     February 1, 2017
Legg Mason Global Asset Management Trust | QS U.S. Small Capitalization Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
QS U.S. Small Capitalization Equity Fund
     May 1, 2016
Legg Mason Global Asset Management Trust | RARE Global Infrastructure Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
  
RARE Global Infrastructure Value Fund
     February 1, 2017
Legg Mason Funds Trust | Clearbridge Real Estate Opportuntities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON FUNDS TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON FUNDS TRUST
  
ClearBridge Real Estate Opportunities Fund
     May 2, 2016
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Aggressive Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Aggressive Growth Fund
     December 28, 2016
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge All Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge All Cap Value Fund
     February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Appreciation Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Appreciation Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Dividend Strategy Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Dividend Strategy Fund
     May 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Energy MLP & Infrastructure Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Energy MLP & Infrastructure Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge International Small Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge International Small Cap Fund
     February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge International Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge International Value Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Large Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Large Cap Value Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Mid Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Mid Cap Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Mid Cap Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Mid Cap Growth Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Select Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Select Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Small Cap Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Small Cap Growth Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Small Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Small Cap Value Fund
     February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Sustainability Leaders Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Sustainability Leaders Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | ClearBridge Tactical Dividend Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
ClearBridge Tactical Dividend Income Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | EnTrustPermal Alternative Core Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
EnTrustPermal Alternative Core Fund
     May 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS Conservative Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Conservative Growth Fund
     June 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS Defensive Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Defensive Growth Fund
     June 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS Dynamic Multi-Strategy Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Dynamic Multi-Strategy Fund
     June 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS Global Dividend Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Global Dividend Fund
     February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | QS Global Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Global Equity Fund
     March 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | QS Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Growth Fund
     June 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS International Dividend Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS International Dividend Fund
     February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST | QS Moderate Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS Moderate Growth Fund
     June 1, 2016
LEGG MASON PARTNERS EQUITY TRUST | QS S&P 500 Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS EQUITY TRUST
  
QS S&P 500 Index Fund
     February 1, 2017
LEGG MASON PARTNERS INCOME TRUST | Western Asset Adjustable Rate Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Adjustable Rate Income Fund
     September 30, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset California Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset California Municipals Fund
    








Summary
Prospectus and
Prospectus dated
June 30, 2016 and
Statement of
Additional
Information Dated
June 30, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset Corporate Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Corporate Bond Fund
     May 1, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Emerging Markets Debt Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Emerging Markets Debt Fund
     June 30, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Global High Yield Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Global High Yield Bond Fund
     May 1, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Global Strategic Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Global Strategic Income Fund
     November 23, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Intermediate-Term Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Intermediate-Term Municipals Fund
    

August 1, 2016, as
amended
February 28, 2017
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset Managed Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Managed Municipals Fund
    

June 30, 2016, as
amended
February 28, 2017
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset Mortgage Backed Securities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Mortgage Backed Securities Fund
     May 1, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Municipal High Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Municipal High Income Fund
     November 23, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset New Jersey Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset New Jersey Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset New York Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset New York Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset Oregon Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Oregon Municipals Fund
     September 30, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Pennsylvania Municipals Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Pennsylvania Municipals Fund
    








Summary
Prospectus and
Prospectus dated
August 1, 2016 and
Statement of
Additional
Information dated
August 1, 2016, as
amended
February 28, 2017
 
 
 
 
 
 
 
 
 
 
LEGG MASON PARTNERS INCOME TRUST | Western Asset Short Duration High Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Short Duration High Income Fund
     November 23, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Short Duration Municipal Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Short Duration Municipal Income Fund
     March 1, 2017
LEGG MASON PARTNERS INCOME TRUST | Western Asset Short-Term Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Short-Term Bond Fund
     May 1, 2016
LEGG MASON PARTNERS INCOME TRUST | Western Asset Short Term Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

SCHEDULE A

 

Fund
   Date of
Prospectus
 
LEGG MASON PARTNERS INCOME TRUST
  
Western Asset Short Term Yield Fund
     November 23, 2016
WESTERN ASSET FUNDS INC | Western Asset Core Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Core Bond Fund
     May 1, 2016
WESTERN ASSET FUNDS INC | Western Asset Core Plus Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Core Plus Bond Fund
     May 1, 2016
WESTERN ASSET FUNDS INC | Western Asset High Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset High Yield Fund
     September 30, 2016
WESTERN ASSET FUNDS INC | Western Asset Inflation Indexed Plus Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Inflation Indexed Plus Bond Fund
     May 1, 2016
WESTERN ASSET FUNDS INC | Western Asset Intermediate Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Intermediate Bond Fund
     September 30, 2016
WESTERN ASSET FUNDS INC | Western Asset Macro Opportunities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Macro Opportunities Fund
     March 1, 2017
WESTERN ASSET FUNDS INC | Western Asset Total Return Unconstrained Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpit_SupplementTextBlock

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED MARCH 24, 2017

TO THE SUMMARY PROSPECTUSES, PROSPECTUSES

AND STATEMENTS OF ADDITIONAL INFORMATION

OF THE FUNDS LISTED IN SCHEDULE A

 

 

THE FOLLOWING CHANGES ARE EFFECTIVE AS OF MARCH 31, 2017.

 

1. Class FI shares held by shareholders who invested directly with the fund through Legg Mason Investor Services, LLC prior to March 31, 2017 are exchanged for Class A shares. No sales charge will be imposed in connection with the exchange.

 

2. Class A, Class A2, Class B, Class C and Class C1 Shares (as applicable)

 

  a) For each fund that offers Class A, Class A2, Class B, Class C and/or Class C1 shares, the second paragraph in the section titled “Fees and expenses of the fund” in each fund’s summary prospectus (a “Summary Prospectus”) and prospectus (a “Prospectus”) is supplemented with the following:

More information about these and other discounts is available from your Service Agent, in the Prospectus under the heading “Sales charges,” in the appendix titled “Appendix: Waivers and Discounts Available from Certain Service Agents” and in the fund’s statement of additional information (“SAI”) under the heading “Sales Charge Waivers and Reductions.” “Service Agents” include banks, brokers, dealers, insurance companies, investment advisers, financial consultants or advisers, mutual fund supermarkets and other financial intermediaries that have entered into an agreement with Legg Mason Investor Services, LLC (“LMIS”) to sell shares of the fund.

 

  b) For each fund that offers Class A shares, the following footnote number 1 is added for Class A shares in the fee table included in the section titled “Fees and expenses of the fund” in each fund’s Summary Prospectus and Prospectus:

 

     Class A1,2
Maximum sales charge (load) imposed on purchases (as a % of offering price)
    

 

  1 
Shareholders purchasing Class A shares through certain Service Agents or in certain types of accounts may be eligible for a waiver of the sales charge.

 

  2
The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).

SCHEDULE A

 

Fund
   Date of
Prospectus
 
WESTERN ASSET FUNDS, INC.
  
Western Asset Total Return Unconstrained Fund
     September 30, 2016