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Dec. 29, 2017

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST

LEGG MASON PARTNERS EQUITY TRUST

LEGG MASON PARTNERS INCOME TRUST

LEGG MASON PARTNERS MONEY MARKET TRUST

WESTERN ASSET FUNDS, INC.

SUPPLEMENT DATED DECEMBER 29, 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 JANUARY 1, 2018 AND APPLY ONLY TO THOSE FUNDS MARKED WITH AN ASTERISK (*) ON SCHEDULE A:

 

1. The following footnote replaces, in its entirety, the current footnote relating to the potential imposition of a small account fee in each fund’s Summary Prospectus and Prospectus in the section titled “Fees and expenses of the fund — Shareholder fees”:

† If 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). Please contact your Service Agent for more information.

 

SCHEDULE A

 

Fund
   
Date of Summary
Prospectus,
Prospectus and
Statement of
Additional
Information (as
applicable)
LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
   
ClearBridge Small Cap Fund*
    March 1, 2017
BrandywineGLOBAL — Diversified US Large Cap Value Fund*
    February 1, 2017
BrandywineGLOBAL — Global Flexible Income Fund*
    May 1, 2017
BrandywineGLOBAL — Global Opportunities Bond Fund*
    May 1, 2017
Martin Currie Emerging Markets Fund*
    February 1, 2017
Martin Currie International Unconstrained Equity Fund*
    September 30, 2017
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, 2017
RARE Global Infrastructure Value Fund*
    February 1, 2017
LEGG MASON PARTNERS EQUITY TRUST
   
ClearBridge Global Health Care Innovations Fund*
    March 31, 2017
ClearBridge International Small Cap Fund*
    February 1, 2017
ClearBridge Large Cap Value Fund*
    March 1, 2017
ClearBridge Mid Cap Growth Fund*
    March 1, 2017
ClearBridge Sustainability Leaders Fund*
    March 1, 2017
ClearBridge Tactical Dividend Income Fund*
    March 1, 2017
QS Global Dividend Fund*
    February 1, 2017
LEGG MASON PARTNERS INCOME TRUST
   
Western Asset Emerging Markets Debt Fund*
    June 30, 2017
Western Asset Short Duration Municipal Income Fund*
    June 30, 2017
LEGG MASON PARTNERS MONEY MARKET TRUST
   
Western Asset Government Reserves*
    December 27, 2017
WESTERN ASSET FUNDS, INC.
   
Western Asset High Yield Fund*
    September 30, 2017
Western Asset Macro Opportunities Fund*
    March 1, 2017
Western Asset Total Return Unconstrained Fund*
    September 30, 2017