Legg Mason Partners Variable Income Trust

04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:41

Summary Prospectus by Investment Company (Form 497K)

VGOF-P14 04/26

LEGG MASON PARTNERS INSTITUTIONAL TRUST
LEGG MASON PARTNERS VARIABLE INCOME TRUST
SUPPLEMENT DATED APRIL 17, 2026
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A

Effective September 30, 2026, the following supersedes any and all disclosure to the contrary in the Summary Prospectus (as applicable), Prospectus and SAI of each fund listed in Schedule A:

a. The investment professionals primarily responsible for the day-to-day management of Western Asset SMASh Series M Fund are Michael C. Buchanan, Ion G. Dan and Greg E. Handler.

b. The investment professionals primarily responsible for the day-to-day management of Western Asset Variable Global High Yield Bond Portfolio are Michael C. Buchanan, Ryan Kohan, Ian R. Edmonds and Walter E. Kilcullen.

SCHEDULE A

Fund

Date of Summary Prospectus, Prospectus and SAI

LEGG MASON PARTNERS INSTITUTIONAL TRUST

Western Asset SMASh Series M Fund

July 1, 2025

LEGG MASON PARTNERS VARIABLE INCOME TRUST

Western Asset Variable Global High Yield Bond Portfolio

May 1, 2025

Please retain this supplement for future reference.

Legg Mason Partners Variable Income 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 13:41 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]