Legg Mason Global Asset Management Trust

02/02/2026 | Press release | Distributed by Public on 02/02/2026 08:32

Summary Prospectus by Investment Company (Form 497K)

91444-P2 02/26

LEGG MASON GLOBAL ASSET MANAGEMENT TRUST
SUPPLEMENT DATED FEBRUARY 2, 2026, TO THE
SUMMARY PROSPECTUS, PROSPECTUS, AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
DATED FEBRUARY 1, 2026 OF
CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOME FUND (THE "FUND")

I. Effective September 30, 2026, Nick Langley will step down as a portfolio manager for the Fund. Mr. Langley will continue to serve as portfolio manager for other Franklin Templeton funds. All references to Nick Langley in the Fund's Summary Prospectus, Prospectus and SAI are deleted in their entirety.

II. Effective September 30, 2026, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:

a. The following is added to the section titled "Management - Portfolio managers" in the Fund's Summary Prospectus and Prospectus:

Portfolio manager

Title

Portfolio manager of the
fund since

Moaz Mohib, CFA

Portfolio Manager of ClearBridge and ClearBridge Investments Limited

September 2026

b. The following is added to the section titled "More on fund management - Portfolio managers" in the Fund's Prospectus:

Portfolio manager

Title and recent biography

Portfolio manager of the
fund since

Moaz Mohib, CFA

Mr. Mohib is a Director and Portfolio Manager of Clearbridge and CIL. Prior to joining CIL in 2016, Mr. Mohib was an Investment Analyst at SQM Research. Mr. Mohib holds a Bachelor of Commerce from the University of New South Wales.

September 2026

c. The following is added to the section titled "Portfolio Managers - Other Accounts Managed by the Portfolio Managers" in the Fund's SAI:

Portfolio

Managers

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) ($)

Moaz

Mohib*

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 December 31, 2025 and does not reflect additional accounts (including the Fund) for which Mr. Mohib will join the portfolio management team effective September 30, 2026.

d. The section entitled "Portfolio Managers - Portfolio Managers Securities Ownership" in the Fund's SAI is deleted in its entirety and replaced with the following:

As of January 1, 2026, the portfolio managers did not own shares of the Fund. It is not tax efficient for the portfolio managers, as residents of Australia, to invest in the Fund.

Please retain this supplement for future reference.

Legg Mason Global Asset Management Trust published this content on February 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 02, 2026 at 14:32 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]