0000880366
2018-05-01
2018-05-01
0000880366
lmpet1:S000025317Member
2018-05-01
2018-05-01
2018-05-01
497
2017-12-31
LEGG MASON PARTNERS EQUITY TRUST
0000880366
false
2018-11-16
2018-11-16
<p style="margin-top:0pt; margin-bottom:0pt; "><b>LEGG MASON PARTNERS EQUITY TRUST </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>SUPPLEMENT DATED NOVEMBER 16, 2018 </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>TO THE SUMMARY PROSPECTUS AND PROSPECTUS </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>DATED MAY 1, 2018 OF </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>ENTRUSTPERMAL ALTERNATIVE CORE FUND </b></p> <p style="margin-top:0pt;margin-bottom:0pt"> </p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000"> </p> <p style="margin-top:12pt; margin-bottom:0pt; "><b>The following information supplements, and to the extent inconsistent therewith, supersedes the information contained in the section of the fund’s Summary Prospectus and Prospectus titled “Performance”: </b></p> <p style="margin-top:10pt; margin-bottom:0pt; ">Effective November 16, 2018, the fund will compare its performance to the HFRX Global Hedge Fund Index. The fund will no longer use the Morgan Stanley Capital International (“MSCI”) World Index (Gross), the Bloomberg Barclays U.S. Aggregate Index or a 60/40 Composite Index (consisting of 60% MSCI World Index (Gross) and 40% Bloomberg Barclays U.S. Aggregate Index) as its benchmarks. The fund believes that the HFRX Global Hedge Fund Index is a more relevant benchmark for its investment strategies. </p>
<p style="margin-top:0pt; margin-bottom:0pt; "><b>LEGG MASON PARTNERS EQUITY TRUST </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>SUPPLEMENT DATED NOVEMBER 16, 2018 </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>TO THE SUMMARY PROSPECTUS AND PROSPECTUS </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>DATED MAY 1, 2018 OF </b></p> <p style="margin-top:0pt; margin-bottom:0pt; "><b>ENTRUSTPERMAL ALTERNATIVE CORE FUND </b></p> <p style="margin-top:0pt;margin-bottom:0pt"> </p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000"> </p> <p style="margin-top:12pt; margin-bottom:0pt; "><b>The following information supplements, and to the extent inconsistent therewith, supersedes the information contained in the section of the fund’s Summary Prospectus and Prospectus titled “Performance”: </b></p> <p style="margin-top:10pt; margin-bottom:0pt; ">Effective November 16, 2018, the fund will compare its performance to the HFRX Global Hedge Fund Index. The fund will no longer use the Morgan Stanley Capital International (“MSCI”) World Index (Gross), the Bloomberg Barclays U.S. Aggregate Index or a 60/40 Composite Index (consisting of 60% MSCI World Index (Gross) and 40% Bloomberg Barclays U.S. Aggregate Index) as its benchmarks. The fund believes that the HFRX Global Hedge Fund Index is a more relevant benchmark for its investment strategies. </p>
N-1A