497K 1 d403341d497k.htm LEGG MASON PARTNERS INVESTMENT TRUST LEGG MASON PARTNERS INVESTMENT TRUST

90757-P2 12/22

 

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LEGG MASON PARTNERS INVESTMENT TRUST

SUPPLEMENT DATED DECEMBER 6, 2022

TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”)

EACH DATED JANUARY 28, 2022, OF

CLEARBRIDGE INTERNATIONAL SMALL CAP FUND (THE “FUND”)

 

 

 

1a.

Effective December 31, 2022, the table in the section titled “Management – Portfolio managers” in the Fund’s Summary Prospectus and Prospectus is deleted in its entirety and replaced with the following:

 

Portfolio manager

 

Title

 

Portfolio manager of the fund since

Sean M. Bogda, CFA

  Managing Director and Portfolio Manager of ClearBridge   2010

Grace Su

  Managing Director and Portfolio Manager of ClearBridge   2017

 

1b.

Effective December 31, 2022, the table in the section titled “More on fund management – Portfolio managers” in the Fund’s Prospectus is deleted in its entirety and replaced with the following:

 

Portfolio manager

 

Title and recent biography

 

Portfolio manager of the fund since

Sean M. Bogda, CFA   Mr. Bogda is a Managing Director and Portfolio Manager on the International and Global Value Equity team of ClearBridge. He is responsible for covering the energy, industrials and consumer discretionary sectors. Prior to April 2013, he was a managing director and a portfolio manager at ClearBridge Global Currents Investment Management LLC (“CBGC”). Mr. Bogda was previously with Brandywine Global Investment Management (“Brandywine”) as a global equity portfolio manager (1993-2008). He has 29 years of investment industry experience. Mr. Bogda earned a B.S. in Finance from the University of Colorado, graduating cum laude.   2010

Grace Su

  Ms. Su is a Managing Director and Portfolio Manager on the International and Global Value Equity team of ClearBridge. Prior to 2017, she worked as a research analyst of ClearBridge. She joined Brandywine in 2005 as a Research Analyst. Ms. Su previously worked as an Equity Research Analyst at Bear Stearns & Co. and as a Business Analyst at Mitchell Madison Group. She has 21 years of investment industry experience. Ms. Su earned an M.B.A. in Finance from the Wharton School at the University of Pennsylvania and a B.S. in Business Administration from the Haas School of Business, University of California, Berkeley.   2017


2a.

Effective December 31, 2022, the table related to the Fund in the section of the Fund’s SAI titled “Investment Management and Service Provider Information – Portfolio Managers – Other Accounts Managed by the Portfolio Managers” is deleted in its entirety and replaced with the following:

Information is provided as of September 30, 2021.

 

Portfolio Manager

 

Type of Account

  Number of
Accounts
Managed
    Total Assets
Managed
(Billions) ($)
    Number of
Accounts
Managed for
which Advisory
Fee is
Performance-
Based
   

Assets
Managed for
which Advisory
Fee is
Performance
Based
(Billions) ($)

International Small Cap Fund

       
Sean M. Bogda   Registered investment companies     3       0.35       0     0
  Other pooled investment vehicles     2       0.02       0     0
  Other accounts     3,871       1.38       2     0.18

Grace Su

  Registered investment companies     3       0.35       0     0
  Other pooled investment vehicles     2       0.02       0     0
  Other accounts     3,871       1.38       2     0.18

 

2b.

Effective December 31, 2022, the table related to the Fund in the section of the Fund’s SAI titled “Investment Management and Service Provider Information – Portfolio Managers – Portfolio Manager Securities Ownership” is deleted in its entirety and replaced with the following:

Information is provided as of September 30, 2021.

 

Portfolio Manager

  

Dollar Range of Ownership of Securities ($)

Sean M. Bogda*

  

50,001-100,000

Grace Su

  

10,001-50,000

 

  *   As of September 30, 2021, Mr. Bogda held $50,001-100,000 in the International Small Cap Opportunity Fund, a portfolio of ClearBridge Investment Trust, a Delaware statutory trust, which is an unregistered fund with investment objectives, strategies and policies substantially similar to the investment objective, strategies and policies of the International Small Cap Fund.

Please retain this supplement for future reference.

 

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