Legg Mason Etf Investment Trust

04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:39

Summary Prospectus by Investment Company (Form 497K)

GOF-P23 04/26

LEGG MASON ETF INVESTMENT 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 reference to Vaneet Chadha 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
of the fund since

Brett E. Risser

Portfolio Manager

June 2026

II. The following replaces the reference to Vaneet Chadha 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
of the fund since

Brett E. Risser

Portfolio Manager of Franklin Advisers. Mr. Risser joined Franklin Templeton in 2023. Prior to joining Franklin Templeton, Mr. Risser was a portfolio manager for Putnam Investment Management, LLC, which he joined in 2003.

International Low Volatility High Dividend Index ETF:

June 2026

U.S. Low Volatility High Dividend Index ETF:

June 2026

III. The following replaces the reference to Vaneet Chadha 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
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) ($)

Brett E.

Risser*

Registered
Investment
Companies

8

5.41

None

None

Other Pooled
Investment
Vehicles

9

1.94

None

None

Other Accounts

4

1.51

1

0.64

* The information is as of February 28, 2026.

IV. The following replaces the references to Vaneet Chadha 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 E. Risser*

None

* The information is as of March 31, 2026.

SCHEDULE A

Fund

Date of Summary
Prospectus,
Prospectus and
SAI

LEGG MASON ETF

INVESTMENT TRUST

Franklin International Low Volatility High Dividend Index ETF

August 1, 2025

Franklin U.S. Low Volatility High Dividend Index ETF

August 1, 2025

Please retain this supplement for future reference.

Legg Mason Etf Investment 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 13:40 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]