497K 1 d458838d497k.htm BRANDYWINEGLOBAL- HIGH YIELD FUND BrandywineGLOBAL- High Yield Fund

VGOF-P13 03/23

 

LOGO

 

LEGG MASON PARTNERS INVESTMENT TRUST

SUPPLEMENT DATED MARCH 31, 2023, TO THE

SUMMARY PROSPECTUS, PROSPECTUS, AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”)

OF EACH FUND LISTED IN SCHEDULE A

 

 

 

I.

Effective March 31, 2023, the following changes are made to each fund’s Summary Prospectus and Prospectus:

 

  a.

In the section titled “Management – Portfolio managers” in each fund’s Summary Prospectus and Prospectus, the following portfolio manager is added:

 

Portfolio manager   Title   Portfolio manager of the
fund since
Jack Parker, CFA   Portfolio Manager   March 2023

 

  b.

In the section titled “More on fund management – Portfolio managers” in each fund’s Prospectus, the following portfolio manager is added:

 

Portfolio manager   Title and recent biography   Portfolio manager of the
fund since
Jack Parker, CFA   Mr. Parker is an associate portfolio manager on the corporate credit and high yield strategies and senior research analyst on the Global Fixed Income team. He has been employed by Brandywine Global since 2021. Previously, Mr. Parker served as a fixed income senior associate for Diamond Hill Capital Management (2015-2021). He earned a B.S.B.A. in accounting and finance from The Ohio State University.   March 2023

 

II.

Effective March 31, 2023, the following changes are made to each fund’s SAI:

 

  a.

The table in the section of each fund’s SAI titled “Portfolio Managers – Other Accounts Managed by the Portfolio Managers” is amended with respect to each fund to include the following entry:

 

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) ($)

Jack Parker*

  Registered Investment Companies   None   None   None   None
  Other Pooled Investment Vehicles   None   None   None   None
  Other Accounts   None   None   None   None

 

*

The information is as of February 28, 2023, and does not reflect additional accounts (including the Fund) for which Mr. Parker will join the portfolio management team on March 31, 2023.


  b.

The table in the section of each fund’s SAI titled “Portfolio Managers – Portfolio Managers Securities Ownership” is amended with respect to each fund to include the following entry:

 

Portfolio Managers

  

Dollar Range of Ownership of Securities ($)

Corporate Credit

  

Jack Parker

  

None*

High Yield Fund

  

Jack Parker

  

100,001-500,000*

 

  *   The information is as of February 28, 2023

SCHEDULE A

 

Fund

  

Date of Summary
Prospectus,
Prospectus
and SAI

LEGG MASON PARTNERS INVESTMENT TRUST

  

BrandywineGLOBAL – Corporate Credit Fund

   May 1, 2022

BrandywineGLOBAL – High Yield Fund

   May 1, 2022

Please retain this supplement for future reference.

 

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