Legg Mason Partners Variable Equity Trust
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:36
Summary Prospectus by Investment Company (Form 497K)
VGOF-P7 04/26
LEGG MASON PARTNERS INVESTMENT TRUST
LEGG MASON PARTNERS VARIABLE EQUITY TRUST
SUPPLEMENT DATED APRIL 17, 2026,
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
All changes described below are effective June 1, 2026.
I. The following replaces the references to Berkeley Belknap and Jacqueline Kenney in the section titled "Management - Portfolio managers" in the Summary Prospectus and Prospectus, respectively, of each fund listed in Schedule A:
|
Portfolio manager |
Title |
Portfolio manager |
|
Brett S. Goldstein, CFA |
Portfolio Manager |
June 2026 |
|
Thomas Nelson, |
Portfolio Manager |
June 2026 |
II. The following replaces the references to Berkeley Belknap and Jacqueline Kenney in the section titled "More on fund management - Portfolio managers" in the Prospectus of each fund listed in Schedule A:
|
Portfolio manager |
Title and recent biography |
Portfolio manager |
|
Brett S. Goldstein, CFA |
Portfolio Manager of Franklin Advisers. Mr. Goldstein joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Goldstein was a portfolio manager for Putnam Investment Management, LLC, which he joined in 2010. |
June 2026 |
|
Thomas Nelson, CFA, CAIA |
Portfolio Manager of Franklin Advisers. Mr. Nelson joined Franklin Templeton in 2007. |
June 2026 |
III. The following replaces the references to Berkeley Belknap and Jacqueline Kenney in the table in the section titled
"Portfolio Managers - Other Accounts Managed by the Portfolio Managers" in the SAI of each fund listed in Schedule A:
|
Portfolio Managers |
Type of Account |
Number of |
Total
Assets ($) |
Number of
Advisory |
Assets
Advisory |
|
Brett S. Goldstein* |
Registered Investment Companies |
38 |
16.06 |
None |
None |
|
Other Pooled Investment Vehicles |
28 |
15.82 |
None |
None |
|
|
Other Accounts |
11 |
0.06 |
None |
None |
|
|
Thomas Nelson* |
Registered |
140 |
27.38 |
None |
None |
|
Other Pooled |
90 |
29.27 |
None |
None |
|
|
Other Accounts |
300 |
7.03 |
1 |
0.0001 |
* The information is as of February 28, 2026.
IV. The following replaces the references to Berkeley Belknap and Jacqueline Kenney in the table in the section titled "Portfolio Managers - Portfolio Managers Securities Ownership" in the SAI of each fund listed in Schedule A:
|
Portfolio Managers |
Dollar Range of Ownership of Securities ($) |
|
Brett S. Goldstein* |
None |
|
Thomas Nelson* |
None |
* The information is as of March 31, 2026.
SCHEDULE A
|
Fund |
Date of Summary |
|
LEGG MASON PARTNERS |
|
|
Franklin Multi-Asset Conservative Growth Fund |
June 1, 2025 |
|
Franklin Multi-Asset Defensive Growth Fund |
June 1, 2025 |
|
Franklin Multi-Asset Growth Fund |
June 1, 2025 |
|
Franklin Multi-Asset Moderate Growth Fund |
June 1, 2025 |
|
LEGG MASON PARTNERS VARIABLE |
|
|
Franklin Multi-Asset Variable Conservative Growth Fund |
May 1, 2025 |
|
Franklin Multi-Asset Variable Growth Fund |
May 1, 2025 |
|
Franklin Multi-Asset Variable Moderate Growth Fund |
May 1, 2025 |
Please retain this supplement for future reference.
Legg Mason Partners Variable Equity Trust published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]