VGOF‑P31 08/24
LEGG MASON PARTNERS INCOME TRUST
LEGG MASON PARTNERS INVESTMENT TRUST
WESTERN ASSET FUNDS, INC.
SUPPLEMENT DATED AUGUST 2, 2024 TO THE
SUMMARY PROSPECTUS (AS APPLICABLE), PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
OF EACH FUND LISTED IN SCHEDULES A and B
Effective August 2, 2024, all references to “fund(s) distributed through Franklin Distributors, LLC” in the Summary Prospectus of each fund listed in Schedule A and all references to “fund(s) sold by the Distributor” in the Prospectus and SAI of each fund listed in Schedules A and B, for the avoidance of doubt, do not include any series of Putnam Investments Funds.
SCHEDULE A
| Fund | Date of Summary Prospectus, Prospectus and SAI | |
| LEGG MASON GLOBAL ASSET MANAGEMENT TRUST |
||
| BrandywineGLOBAL – Alternative Credit Fund |
March 1, 2024 | |
| BrandywineGLOBAL – Diversified US Large Cap Value Fund |
January 31, 2024 | |
| BrandywineGLOBAL – Flexible Bond Fund |
May 1, 2024 | |
| BrandywineGLOBAL – Global Opportunities Bond Fund |
May 1, 2024 | |
| BrandywineGLOBAL – Global Unconstrained Bond Fund |
March 1, 2024 | |
| BrandywineGLOBAL – Small Cap Value Fund |
May 1, 2024 | |
| ClearBridge Global Infrastructure Income Fund |
January 31, 2024 | |
| ClearBridge International Growth Fund |
March 1, 2024 | |
| ClearBridge Small Cap Fund |
March 1, 2024 | |
| ClearBridge Value Fund |
March 1, 2024 | |
| Franklin International Equity Fund |
January 31, 2024 | |
| Franklin U.S. Small Cap Equity Fund |
May 1, 2024 | |
| Martin Currie Emerging Markets Fund |
January 31, 2024 | |
| LEGG MASON PARTNERS INCOME TRUST |
||
| Western Asset California Municipals Fund |
July 1, 2024 | |
| Western Asset Corporate Bond Fund |
May 1, 2024 | |
| Western Asset Income Fund |
December 1, 2023 | |
| Western Asset Intermediate Maturity California Municipals Fund |
April 1, 2024 | |
| Western Asset Intermediate Maturity New York Municipals Fund |
April 1, 2024 | |
| Western Asset Intermediate-Term Municipals Fund |
August 1, 2024 | |
| Western Asset Managed Municipals Fund |
July 1, 2024 | |
| Western Asset Massachusetts Municipals Fund |
April 1, 2024 | |
| Western Asset Mortgage Total Return Fund |
May 1, 2024 | |
| Western Asset Municipal High Income Fund |
December 1, 2023 | |
| Western Asset New Jersey Municipals Fund |
August 1, 2024 | |
| Western Asset New York Municipals Fund |
August 1, 2024 | |
| Western Asset Oregon Municipals Fund |
August 30, 2023 | |
| Western Asset Pennsylvania Municipals Fund |
August 1, 2024 | |
| Western Asset Short Duration High Income Fund |
December 1, 2023 | |
| Western Asset Short Duration Municipal Income Fund |
July 1, 2024 | |
| Western Asset Short-Term Bond Fund |
May 1, 2024 | |
| Fund | Date of Summary Prospectus, Prospectus and SAI | |
| LEGG MASON PARTNERS INVESTMENT TRUST |
||
| BrandywineGLOBAL – Corporate Credit Fund |
May 1, 2024 | |
| BrandywineGLOBAL – High Yield Fund |
May 1, 2024 | |
| ClearBridge All Cap Value Fund |
January 31, 2024 | |
| ClearBridge Appreciation Fund |
March 1, 2024 | |
| ClearBridge Dividend Strategy Fund |
May 1, 2024 | |
| ClearBridge Growth Fund |
December 29, 2023 | |
| ClearBridge International Value Fund |
March 1, 2024 | |
| ClearBridge Large Cap Growth Fund |
April 1, 2024 | |
| ClearBridge Large Cap Value Fund |
March 1, 2024 | |
| ClearBridge Mid Cap Fund |
March 1, 2024 | |
| ClearBridge Mid Cap Growth Fund |
March 1, 2024 | |
| ClearBridge Select Fund |
March 1, 2024 | |
| ClearBridge Small Cap Growth Fund |
March 1, 2024 | |
| ClearBridge Small Cap Value Fund |
January 31, 2024 | |
| ClearBridge Sustainability Leaders Fund |
March 1, 2024 | |
| ClearBridge Tactical Dividend Income Fund |
March 1, 2024 | |
| Franklin Global Equity Fund |
March 1, 2024 | |
| Franklin Multi-Asset Conservative Growth Fund |
June 1, 2024 | |
| Franklin Multi-Asset Defensive Growth Fund |
June 1, 2024 | |
| Franklin Multi-Asset Growth Fund |
June 1, 2024 | |
| Franklin Multi-Asset Moderate Growth Fund |
June 1, 2024 | |
| Franklin U.S. Large Cap Equity Fund |
April 1, 2024 | |
| WESTERN ASSET FUNDS, INC. |
||
| Western Asset Core Bond Fund |
May 1, 2024 | |
| Western Asset Core Plus Bond Fund |
May 1, 2024 | |
| Western Asset High Yield Fund |
September 29, 2023 | |
| Western Asset Inflation Indexed Plus Bond Fund |
May 1, 2024 | |
| Western Asset Intermediate Bond Fund |
September 29, 2023 | |
| Western Asset Macro Opportunities Fund |
March 1, 2024 | |
| Western Asset Total Return Unconstrained Fund |
September 29, 2023 | |
SCHEDULE B
| Fund | Date of Prospectus and SAI | |
| LEGG MASON PARTNERS INCOME TRUST |
||
| Western Asset Ultra-Short Income Fund |
September 29, 2023 | |
| LEGG MASON PARTNERS INVESTMENT TRUST |
||
| Franklin S&P 500 Index Fund |
January 31, 2024 | |
Please retain this supplement for future reference.
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