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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName LEGG MASON PARTNERS EQUITY TRUST
Prospectus Date rr_ProspectusDate May 01, 2017
Supplement [Text Block] lmpet5_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUS, PROSPECTUS

AND STATEMENT OF ADDITIONAL INFORMATION,

EACH DATED MAY 1, 2017, OF

CLEARBRIDGE DIVIDEND STRATEGY FUND

 

 

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

 

1)The contractual management fee rate schedule for the fund is reduced and the expense cap for Classes A, B, C, FI, I and IS is reduced.

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

 

Shareholder fees
(fees paid directly from your investment)
 
    Class A    Class B    Class C    Class FI    Class R    Class I    Class IS    Class 1 
Maximum sales charge (load) imposed on purchases (as a % of offering price)
   5.751,2    None    None    None    None    None    None    None 
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption)3
   None4    5.00    1.00    None    None    None    None    None 
Small account fee5
   $15    $15    $15    None    None    None    None    $15 
                
Annual fund operating expenses (%)
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A    Class B    Class C    Class FI    Class R    Class I    Class IS    Class 1 
Management fees
   0.66    0.66    0.66    0.66    0.66    0.66    0.66    0.66 
Distribution and/or service (12b-1) fees
   0.25    0.75    1.00    0.25    0.50    None    None    None 
Other expenses
   0.18    0.92    0.12    0.24    0.16    0.14    0.04    0.16 
Total annual fund operating expenses6
   1.09    2.33    1.78    1.15    1.32    0.80    0.70    0.82 
Fees waived and/or expenses reimbursed7
   —    (0.17)    —    —    —    —    —    — 
Total annual fund operating expenses after waiving fees and/or reimbursing expenses8
   1.09    2.16    1.78    1.15    1.32    0.80    0.70    0.82 

 

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

 

 2 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. For additional information, see “Sales charges” in the Prospectus.

 

 3 Maximum deferred sales charge (load) may be reduced over time.

 

 4 You may buy Class A shares in amounts of $1,000,000 or more at net asset value (without an initial sales charge), but if you redeem those shares within 18 months of their purchase, you will pay a contingent deferred sales charge of 1.00%.

 

 5 If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund’s books and records.

 

 6 Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s Prospectus and in the fund’s shareholder reports, which reflect the fund’s operating expenses and do not include acquired fund fees and expenses.

 

 7 The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that the ratio of total annual fund operating expenses will not exceed 1.15% for Class A shares, 2.15% for Class B shares, 1.90% for Class C shares, 1.15% for Class FI shares, 1.40% for Class R shares, 0.80% for Class I shares, 0.70% for Class IS shares and 1.15% for Class 1 shares, subject to recapture as described below. In addition, the ratio of total annual fund operating expenses for Class IS shares will not exceed the ratio of total annual fund operating expenses for Class I shares and the ratio of total annual fund operating expenses for Class 1 shares will not exceed the ratio of total annual fund operating expenses for Class A shares, subject to recapture as described below. Total annual fund operating expenses (after waiving fees and/or reimbursing expenses, as applicable), exceed the expense caps for Class B shares as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2019 without the Board of Trustees’ consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class’ total annual fund operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limits described above or any other lower limit then in effect.

 

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

Example

This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class A (with or without redemption at end of period)
  680  902  1,142  1,828
Class B (with redemption at end of period)
  719  1,011  1,330  2,341
Class B (without redemption at end of period)
  219  711  1,230  2,341
Class C (with redemption at end of period)
  281  561  965  2,096
Class C (without redemption at end of period)
  181  561  965  2,096
Class FI (with or without redemption at end of period)
  364  607  868  1,614
Class R (with or without redemption at end of period)
  134  418  723  1,589
Class I (with or without redemption at end of period)
  82  256  444  990
Class IS (with or without redemption at end of period)
  72  225  391  871
Class 1 (with or without redemption at end of period)
  84  262  456  1,051
ClearBridge Dividend Strategy Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] lmpet5_SupplementTextBlock

LEGG MASON PARTNERS EQUITY TRUST

SUPPLEMENT DATED NOVEMBER 30, 2017

TO THE SUMMARY PROSPECTUS, PROSPECTUS

AND STATEMENT OF ADDITIONAL INFORMATION,

EACH DATED MAY 1, 2017, OF

CLEARBRIDGE DIVIDEND STRATEGY FUND

 

 

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

 

1)The contractual management fee rate schedule for the fund is reduced and the expense cap for Classes A, B, C, FI, I and IS is reduced.

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

 

Shareholder fees
(fees paid directly from your investment)
 
    Class A    Class B    Class C    Class FI    Class R    Class I    Class IS    Class 1 
Maximum sales charge (load) imposed on purchases (as a % of offering price)
   5.751,2    None    None    None    None    None    None    None 
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption)3
   None4    5.00    1.00    None    None    None    None    None 
Small account fee5
   $15    $15    $15    None    None    None    None    $15 
                
Annual fund operating expenses (%)
(expenses that you pay each year as a percentage of the value of your investment)
 
    Class A    Class B    Class C    Class FI    Class R    Class I    Class IS    Class 1 
Management fees
   0.66    0.66    0.66    0.66    0.66    0.66    0.66    0.66 
Distribution and/or service (12b-1) fees
   0.25    0.75    1.00    0.25    0.50    None    None    None 
Other expenses
   0.18    0.92    0.12    0.24    0.16    0.14    0.04    0.16 
Total annual fund operating expenses6
   1.09    2.33    1.78    1.15    1.32    0.80    0.70    0.82 
Fees waived and/or expenses reimbursed7
   —    (0.17)    —    —    —    —    —    — 
Total annual fund operating expenses after waiving fees and/or reimbursing expenses8
   1.09    2.16    1.78    1.15    1.32    0.80    0.70    0.82 

 

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

 

 2 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. For additional information, see “Sales charges” in the Prospectus.

 

 3 Maximum deferred sales charge (load) may be reduced over time.

 

 4 You may buy Class A shares in amounts of $1,000,000 or more at net asset value (without an initial sales charge), but if you redeem those shares within 18 months of their purchase, you will pay a contingent deferred sales charge of 1.00%.

 

 5 If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund’s books and records.

 

 6 Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s Prospectus and in the fund’s shareholder reports, which reflect the fund’s operating expenses and do not include acquired fund fees and expenses.

 

 7 The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that the ratio of total annual fund operating expenses will not exceed 1.15% for Class A shares, 2.15% for Class B shares, 1.90% for Class C shares, 1.15% for Class FI shares, 1.40% for Class R shares, 0.80% for Class I shares, 0.70% for Class IS shares and 1.15% for Class 1 shares, subject to recapture as described below. In addition, the ratio of total annual fund operating expenses for Class IS shares will not exceed the ratio of total annual fund operating expenses for Class I shares and the ratio of total annual fund operating expenses for Class 1 shares will not exceed the ratio of total annual fund operating expenses for Class A shares, subject to recapture as described below. Total annual fund operating expenses (after waiving fees and/or reimbursing expenses, as applicable), exceed the expense caps for Class B shares as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2019 without the Board of Trustees’ consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class’ total annual fund operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limits described above or any other lower limit then in effect.

 

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

Example

This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes:

 

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

 

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

 

 • You reinvest all distributions and dividends without a sales charge

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

 

Number of years you own your shares ($)            
   1 year  3 years  5 years  10 years
Class A (with or without redemption at end of period)
  680  902  1,142  1,828
Class B (with redemption at end of period)
  719  1,011  1,330  2,341
Class B (without redemption at end of period)
  219  711  1,230  2,341
Class C (with redemption at end of period)
  281  561  965  2,096
Class C (without redemption at end of period)
  181  561  965  2,096
Class FI (with or without redemption at end of period)
  364  607  868  1,614
Class R (with or without redemption at end of period)
  134  418  723  1,589
Class I (with or without redemption at end of period)
  82  256  444  990
Class IS (with or without redemption at end of period)
  72  225  391  871
Class 1 (with or without redemption at end of period)
  84  262  456  1,051
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (%)
(expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2019
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock You may buy Class A shares in amounts of $1,000,000 or more at net asset value (without an initial sales charge), but if you redeem those shares within 18 months of their purchase, you will pay a contingent deferred sales charge of 1.00%.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps, as applicable.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s Prospectus and in the fund’s shareholder reports, which reflect the fund’s operating expenses and do not include acquired fund fees and expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes:
  • You invest $10,000 in the fund for the time periods indicated
  • Your investment has a 5% return each year and the fund’s operating expenses remain the same
  • You reinvest all distributions and dividends without a sales charge
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Number of years you own your shares ($)
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Number of years you own your shares ($)
ClearBridge Dividend Strategy Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75% [1],[2]
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3],[4]
Small account fee ($) rr_MaximumAccountFee $ 15 [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.18%
Total annual fund operating expenses rr_ExpensesOverAssets 1.09% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.09% [8]
1 year rr_ExpenseExampleYear01 $ 680
3 years rr_ExpenseExampleYear03 902
5 years rr_ExpenseExampleYear05 1,142
10 years rr_ExpenseExampleYear10 1,828
1 year rr_ExpenseExampleNoRedemptionYear01 680
3 years rr_ExpenseExampleNoRedemptionYear03 902
5 years rr_ExpenseExampleNoRedemptionYear05 1,142
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,828
ClearBridge Dividend Strategy Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther 5.00% [3]
Small account fee ($) rr_MaximumAccountFee $ 15 [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.92%
Total annual fund operating expenses rr_ExpensesOverAssets 2.33% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets (0.17%) [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 2.16% [8]
1 year rr_ExpenseExampleYear01 $ 719
3 years rr_ExpenseExampleYear03 1,011
5 years rr_ExpenseExampleYear05 1,330
10 years rr_ExpenseExampleYear10 2,341
1 year rr_ExpenseExampleNoRedemptionYear01 219
3 years rr_ExpenseExampleNoRedemptionYear03 711
5 years rr_ExpenseExampleNoRedemptionYear05 1,230
10 years rr_ExpenseExampleNoRedemptionYear10 $ 2,341
ClearBridge Dividend Strategy Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Small account fee ($) rr_MaximumAccountFee $ 15 [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.12%
Total annual fund operating expenses rr_ExpensesOverAssets 1.78% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.78% [8]
1 year rr_ExpenseExampleYear01 $ 281
3 years rr_ExpenseExampleYear03 561
5 years rr_ExpenseExampleYear05 965
10 years rr_ExpenseExampleYear10 2,096
1 year rr_ExpenseExampleNoRedemptionYear01 181
3 years rr_ExpenseExampleNoRedemptionYear03 561
5 years rr_ExpenseExampleNoRedemptionYear05 965
10 years rr_ExpenseExampleNoRedemptionYear10 $ 2,096
ClearBridge Dividend Strategy Fund | Class FI  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3]
Small account fee ($) rr_MaximumAccountFee none [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.24%
Total annual fund operating expenses rr_ExpensesOverAssets 1.15% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.15% [8]
1 year rr_ExpenseExampleYear01 $ 364
3 years rr_ExpenseExampleYear03 607
5 years rr_ExpenseExampleYear05 868
10 years rr_ExpenseExampleYear10 1,614
1 year rr_ExpenseExampleNoRedemptionYear01 364
3 years rr_ExpenseExampleNoRedemptionYear03 607
5 years rr_ExpenseExampleNoRedemptionYear05 868
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,614
ClearBridge Dividend Strategy Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3]
Small account fee ($) rr_MaximumAccountFee none [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.16%
Total annual fund operating expenses rr_ExpensesOverAssets 1.32% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 1.32% [8]
1 year rr_ExpenseExampleYear01 $ 134
3 years rr_ExpenseExampleYear03 418
5 years rr_ExpenseExampleYear05 723
10 years rr_ExpenseExampleYear10 1,589
1 year rr_ExpenseExampleNoRedemptionYear01 134
3 years rr_ExpenseExampleNoRedemptionYear03 418
5 years rr_ExpenseExampleNoRedemptionYear05 723
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,589
ClearBridge Dividend Strategy Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3]
Small account fee ($) rr_MaximumAccountFee none [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.14%
Total annual fund operating expenses rr_ExpensesOverAssets 0.80% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.80% [8]
1 year rr_ExpenseExampleYear01 $ 82
3 years rr_ExpenseExampleYear03 256
5 years rr_ExpenseExampleYear05 444
10 years rr_ExpenseExampleYear10 990
1 year rr_ExpenseExampleNoRedemptionYear01 82
3 years rr_ExpenseExampleNoRedemptionYear03 256
5 years rr_ExpenseExampleNoRedemptionYear05 444
10 years rr_ExpenseExampleNoRedemptionYear10 $ 990
ClearBridge Dividend Strategy Fund | Class IS  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3]
Small account fee ($) rr_MaximumAccountFee none [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 0.70% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.70% [8]
1 year rr_ExpenseExampleYear01 $ 72
3 years rr_ExpenseExampleYear03 225
5 years rr_ExpenseExampleYear05 391
10 years rr_ExpenseExampleYear10 871
1 year rr_ExpenseExampleNoRedemptionYear01 72
3 years rr_ExpenseExampleNoRedemptionYear03 225
5 years rr_ExpenseExampleNoRedemptionYear05 391
10 years rr_ExpenseExampleNoRedemptionYear10 $ 871
ClearBridge Dividend Strategy Fund | Class 1  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none [3]
Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none [3]
Small account fee ($) rr_MaximumAccountFee $ 15 [5]
Management fees rr_ManagementFeesOverAssets 0.66%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.16%
Total annual fund operating expenses rr_ExpensesOverAssets 0.82% [6]
Fees waived and/or expenses reimbursed rr_FeeWaiverOrReimbursementOverAssets [7]
Total annual fund operating expenses after waiving fees and/or reimbursing expenses rr_NetExpensesOverAssets 0.82% [8]
1 year rr_ExpenseExampleYear01 $ 84
3 years rr_ExpenseExampleYear03 262
5 years rr_ExpenseExampleYear05 456
10 years rr_ExpenseExampleYear10 1,051
1 year rr_ExpenseExampleNoRedemptionYear01 84
3 years rr_ExpenseExampleNoRedemptionYear03 262
5 years rr_ExpenseExampleNoRedemptionYear05 456
10 years rr_ExpenseExampleNoRedemptionYear10 $ 1,051
[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. For additional information, see “Sales charges” in the Prospectus.
[2] The sales charge is waived for shareholders purchasing Class A shares through accounts where LMIS is the broker-dealer of record (“LMIS Accounts”).
[3] Maximum deferred sales charge (load) may be reduced over time.
[4] You may buy Class A shares in amounts of $1,000,000 or more at net asset value (without an initial sales charge), but if you redeem those shares within 18 months of their purchase, you will pay a contingent deferred sales charge of 1.00%.
[5] If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund’s books and records.
[6] Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the fund’s Prospectus and in the fund’s shareholder reports, which reflect the fund’s operating expenses and do not include acquired fund fees and expenses.
[7] The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that the ratio of total annual fund operating expenses will not exceed 1.15% for Class A shares, 2.15% for Class B shares, 1.90% for Class C shares, 1.15% for Class FI shares, 1.40% for Class R shares, 0.80% for Class I shares, 0.70% for Class IS shares and 1.15% for Class 1 shares, subject to recapture as described below. In addition, the ratio of total annual fund operating expenses for Class IS shares will not exceed the ratio of total annual fund operating expenses for Class I shares and the ratio of total annual fund operating expenses for Class 1 shares will not exceed the ratio of total annual fund operating expenses for Class A shares, subject to recapture as described below. Total annual fund operating expenses (after waiving fees and/or reimbursing expenses, as applicable), exceed the expense caps for Class B shares as a result of acquired fund fees and expenses. These arrangements cannot be terminated prior to December 31, 2019 without the Board of Trustees’ consent. The manager is permitted to recapture amounts waived and/or reimbursed to a class during the same fiscal year if the class’ total annual fund operating expenses have fallen to a level below the limits described above. In no case will the manager recapture any amount that would result, on any particular business day of the fund, in the class’ total annual fund operating expenses exceeding the applicable limits described above or any other lower limit then in effect.
[8] Total annual fund operating expenses after waiving fees and/or reimbursing expenses have been restated to reflect current management fees and expense caps, as applicable.