Schedule of Investments (unaudited)
June 30, 2026
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 BrandywineGLOBAL — Diversified US Large Cap Value Fund

(Percentages shown based on Fund net assets) 
Security
 
 
 
Shares
Value
Common Stocks — 98.0%
Communication Services — 6.7%
Diversified Telecommunication Services — 2.9%
AT&T Inc.
63,200
 $1,308,240
 
Comcast Corp., Class A Shares
10,100
247,955
 
Verizon Communications Inc.
37,500
1,587,750
 
Total Diversified Telecommunication Services
3,143,945
Entertainment — 1.9%
Walt Disney Co.
21,900
2,107,875
 
Interactive Media & Services — 0.8%
Match Group Inc.
2,600
98,930
 
Meta Platforms Inc., Class A Shares
1,350
760,441
 
Total Interactive Media & Services
859,371
Media — 0.3%
Fox Corp., Class A Shares
2,800
146,048
 
News Corp., Class A Shares
4,600
114,218
 
Sirius XM Holdings Inc.
2,400
70,896
 
Total Media
331,162
Wireless Telecommunication Services — 0.8%
T-Mobile US Inc.
5,500
922,515
 
 
Total Communication Services
7,364,868
Consumer Discretionary — 8.6%
Automobile Components — 0.2%
BorgWarner Inc.
2,200
146,080
 
Automobiles — 1.3%
Ford Motor Co.
49,400
686,660
 
General Motors Co.
10,100
778,508
 
Total Automobiles
1,465,168
Broadline Retail — 2.4%
Amazon.com Inc.
8,300
1,978,222
 *
Dillard’s Inc., Class A Shares
160
84,547
 
eBay Inc.
5,500
614,625
 
Total Broadline Retail
2,677,394
Diversified Consumer Services — 0.1%
Service Corp. International
1,700
129,132
 
Hotels, Restaurants & Leisure — 1.3%
Darden Restaurants Inc.
1,400
288,414
 
Expedia Group Inc.
1,400
358,232
 
Las Vegas Sands Corp.
4,800
221,712
 
Royal Caribbean Cruises Ltd.
1,900
603,307
 
Total Hotels, Restaurants & Leisure
1,471,665
Household Durables — 1.1%
DR Horton Inc.
3,600
586,368
 
NVR Inc.
16
109,015
 *
PulteGroup Inc.
2,400
329,304
 
Toll Brothers Inc.
1,100
181,225
 
Total Household Durables
1,205,912
See Notes to Schedule of Investments.
1
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
June 30, 2026
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Leisure Products — 0.1%
Hasbro Inc.
1,100
 $90,849
 
Specialty Retail — 1.7%
Best Buy Co. Inc.
2,600
197,288
 
GameStop Corp., Class A Shares
2,200
48,576
 *
Gap Inc.
4,600
85,928
 
Lowe’s Cos. Inc.
6,300
1,389,087
 
Murphy USA Inc.
100
53,887
 
Penske Automotive Group Inc.
800
143,160
 
Total Specialty Retail
1,917,926
Textiles, Apparel & Luxury Goods — 0.4%
Deckers Outdoor Corp.
1,000
99,290
 *
Tapestry Inc.
2,100
307,398
 
Total Textiles, Apparel & Luxury Goods
406,688
 
Total Consumer Discretionary
9,510,814
Consumer Staples — 7.3%
Beverages — 1.5%
Brown-Forman Corp., Class B Shares
2,100
55,965
 
Constellation Brands Inc., Class A Shares
1,200
166,908
 
Molson Coors Beverage Co., Class B Shares
900
35,064
 
PepsiCo Inc.
10,600
1,435,240
 
Total Beverages
1,693,177
Consumer Staples Distribution & Retail — 1.9%
BJ’s Wholesale Club Holdings Inc.
900
78,498
 *
Dollar General Corp.
1,600
184,176
 
Dollar Tree Inc.
2,100
253,995
 *
Kroger Co.
7,000
388,710
 
Maplebear Inc.
800
37,880
 *
Sysco Corp.
5,800
484,764
 
Target Corp.
5,500
718,355
 
Total Consumer Staples Distribution & Retail
2,146,378
Food Products — 1.0%
Hormel Foods Corp.
4,000
99,280
 
JM Smucker Co.
800
90,000
 
Mondelez International Inc., Class A Shares
11,800
682,512
 
Tyson Foods Inc., Class A Shares
3,100
177,475
 
Total Food Products
1,049,267
Household Products — 1.5%
Procter & Gamble Co.
11,600
1,701,024
 
Tobacco — 1.4%
Altria Group Inc.
20,700
1,489,365
 
 
Total Consumer Staples
8,079,211
Energy — 8.3%
Energy Equipment & Services — 0.3%
Halliburton Co.
10,300
349,685
 
Oil, Gas & Consumable Fuels — 8.0%
Antero Midstream Corp.
5,800
131,950
 
Antero Resources Corp.
3,400
119,476
 *
See Notes to Schedule of Investments.
2
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Oil, Gas & Consumable Fuels — continued
APA Corp.
4,400
 $143,308
 
ConocoPhillips
8,800
914,848
 
Diamondback Energy Inc.
3,600
632,808
 
EOG Resources Inc.
5,700
739,461
 
Exxon Mobil Corp.
26,500
3,623,080
 
HF Sinclair Corp.
2,200
153,230
 
Kinder Morgan Inc.
27,600
882,372
 
Marathon Petroleum Corp.
2,100
536,907
 
Phillips 66
5,000
845,250
 
Range Resources Corp.
3,000
111,570
 
Total Oil, Gas & Consumable Fuels
8,834,260
 
Total Energy
9,183,945
Financials — 28.4%
Banks — 12.4%
Bank of America Corp.
39,600
2,256,408
 
Citigroup Inc.
12,700
1,777,492
 
Citizens Financial Group Inc.
3,300
231,231
 
Cullen/Frost Bankers Inc.
400
61,808
 
East-West Bancorp Inc.
900
116,181
 
First Citizens BancShares Inc., Class A Shares
110
228,887
 
First Horizon Corp.
3,100
79,484
 
JPMorgan Chase & Co.
14,700
4,811,751
 
KeyCorp
6,600
152,130
 
M&T Bank Corp.
1,000
238,010
 
PNC Financial Services Group Inc.
3,000
738,660
 
Popular Inc.
400
65,672
 
Regions Financial Corp.
6,600
199,320
 
SouthState Bank Corp.
200
19,980
 
Truist Financial Corp.
7,800
388,596
 
UMB Financial Corp.
100
14,276
 
US Bancorp
9,600
579,840
 
Wells Fargo & Co.
21,300
1,760,232
 
Western Alliance Bancorp
500
41,100
 
Zions Bancorp NA
700
48,433
 
Total Banks
13,809,491
Capital Markets — 8.0%
Ameriprise Financial Inc.
870
399,121
 
Bank of New York Mellon Corp.
5,900
853,199
 
Charles Schwab Corp.
8,800
811,976
 
Evercore Inc., Class A Shares
100
34,144
 
Goldman Sachs Group Inc.
2,560
2,589,107
 
Invesco Ltd.
2,300
60,697
 
Morgan Stanley
13,200
2,759,328
 
Northern Trust Corp.
1,700
295,528
 
Raymond James Financial Inc.
1,800
273,654
 
SEI Investments Co.
1,000
87,710
 
State Street Corp.
2,600
440,960
 
See Notes to Schedule of Investments.
3
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
June 30, 2026
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Capital Markets — continued
Stifel Financial Corp.
1,050
 $73,259
 
T. Rowe Price Group Inc.
1,500
170,535
 
Total Capital Markets
8,849,218
Consumer Finance — 1.4%
Ally Financial Inc.
1,800
82,710
 
American Express Co.
3,500
1,183,875
 
Synchrony Financial
3,500
266,175
 
Total Consumer Finance
1,532,760
Financial Services — 0.3%
Block Inc.
3,400
258,400
 *
Corpay Inc.
300
99,981
 *
Total Financial Services
358,381
Insurance — 6.3%
Aflac Inc.
4,800
562,800
 
Allstate Corp.
1,500
356,910
 
American Financial Group Inc.
500
69,970
 
American International Group Inc.
5,200
387,556
 
Aon PLC, Class A Shares
1,000
331,690
 
Arch Capital Group Ltd.
2,600
252,356
 *
Assurant Inc.
400
107,412
 
Axis Capital Holdings Ltd.
700
75,208
 
Chubb Ltd.
2,000
681,480
 
Cincinnati Financial Corp.
1,300
240,682
 
Everest Group Ltd.
410
146,464
 
Fidelity National Financial Inc.
1,900
89,604
 
Globe Life Inc.
500
89,340
 
Hartford Insurance Group Inc.
2,600
344,552
 
Loews Corp.
1,900
215,099
 
Markel Group Inc.
84
164,053
 *
MetLife Inc.
6,100
516,121
 
Old Republic International Corp.
2,200
90,024
 
Primerica Inc.
200
56,840
 
Principal Financial Group Inc.
1,900
204,782
 
Progressive Corp.
1,100
240,295
 
Prudential Financial Inc.
2,600
280,618
 
Reinsurance Group of America Inc.
500
106,325
 
RenaissanceRe Holdings Ltd.
400
126,760
 
Travelers Cos. Inc.
2,000
660,240
 
Unum Group
1,500
134,100
 
Willis Towers Watson PLC
780
203,869
 
WR Berkley Corp.
3,400
239,802
 
Total Insurance
6,974,952
 
Total Financials
31,524,802
Health Care — 16.6%
Biotechnology — 3.3%
Amgen Inc.
4,300
1,557,116
 
Exelixis Inc.
3,000
163,230
 *
See Notes to Schedule of Investments.
4
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Biotechnology — continued
Gilead Sciences Inc.
9,400
 $1,187,596
 
Halozyme Therapeutics Inc.
1,200
93,924
 *
Regeneron Pharmaceuticals Inc.
700
436,478
 
United Therapeutics Corp.
490
265,497
 *
Total Biotechnology
3,703,841
Health Care Equipment & Supplies — 1.5%
Cooper Cos. Inc.
1,400
100,394
 *
GE HealthCare Technologies Inc.
3,300
211,233
 
Globus Medical Inc., Class A Shares
800
63,208
 *
Medtronic PLC
13,300
1,040,459
 
Solventum Corp.
1,200
92,580
 *
Zimmer Biomet Holdings Inc.
2,100
180,789
 
Total Health Care Equipment & Supplies
1,688,663
Health Care Providers & Services — 5.1%
Cencora Inc.
2,000
565,960
 
Cigna Group
1,900
523,792
 
CVS Health Corp.
11,200
1,158,640
 
DaVita Inc.
300
66,744
 *
Elevance Health Inc.
1,600
618,768
 
Encompass Health Corp.
300
30,324
 
HCA Healthcare Inc.
3,000
1,169,670
 
Henry Schein Inc.
1,200
100,224
 *
Labcorp Holdings Inc.
900
252,000
 
McKesson Corp.
800
604,480
 
Quest Diagnostics Inc.
1,200
254,340
 
Tenet Healthcare Corp.
900
168,372
 *
Universal Health Services Inc., Class B Shares
700
104,083
 
Total Health Care Providers & Services
5,617,397
Life Sciences Tools & Services — 0.3%
Bio-Rad Laboratories Inc., Class A Shares
200
58,722
 *
IQVIA Holdings Inc.
1,200
231,864
 *
Revvity Inc.
500
55,630
 
Total Life Sciences Tools & Services
346,216
Pharmaceuticals — 6.4%
Jazz Pharmaceuticals PLC
500
120,485
 *
Johnson & Johnson
16,500
4,190,505
 
Merck & Co. Inc.
12,400
1,593,400
 
Pfizer Inc.
41,100
989,688
 
Viatris Inc.
12,100
192,148
 
Total Pharmaceuticals
7,086,226
 
Total Health Care
18,442,343
Industrials — 6.7%
Aerospace & Defense — 0.9%
General Dynamics Corp.
2,400
850,176
 
Textron Inc.
2,100
192,633
 
Total Aerospace & Defense
1,042,809
See Notes to Schedule of Investments.
5
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
June 30, 2026
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Air Freight & Logistics — 1.7%
FedEx Corp.
3,000
 $939,390
 
United Parcel Service Inc., Class B Shares
9,100
978,250
 
Total Air Freight & Logistics
1,917,640
Building Products — 0.5%
Allegion PLC
1,000
140,490
 
AO Smith Corp.
1,300
81,536
 
Carlisle Cos. Inc.
400
145,100
 
Masco Corp.
2,400
195,288
 
Total Building Products
562,414
Electrical Equipment — 0.3%
Acuity Inc.
340
128,064
 
Regal Rexnord Corp.
800
190,552
 
Total Electrical Equipment
318,616
Ground Transportation — 0.1%
Ryder System Inc.
200
52,754
 
U-Haul Holding Co., Non Voting Shares
1,400
80,780
 
Total Ground Transportation
133,534
Industrial Conglomerates — 1.0%
3M Co.
6,500
1,052,415
 
Machinery — 1.0%
AGCO Corp.
900
107,730
 
Allison Transmission Holdings Inc.
600
67,644
 
CNH Industrial NV
8,900
99,947
 
Dover Corp.
900
201,852
 
Flowserve Corp.
900
66,744
 
Mueller Industries Inc.
1,100
135,223
 
Oshkosh Corp.
700
107,436
 
Snap-on Inc.
600
241,440
 
Toro Co.
1,200
116,904
 
Total Machinery
1,144,920
Passenger Airlines — 1.0%
Delta Air Lines Inc.
5,400
505,764
 
United Airlines Holdings Inc.
4,000
543,960
 *
Total Passenger Airlines
1,049,724
Professional Services — 0.1%
CACI International Inc., Class A Shares
200
92,652
 *
Trading Companies & Distributors — 0.1%
Core & Main Inc., Class A Shares
2,000
96,500
 *
 
Total Industrials
7,411,224
Information Technology — 8.9%
Electronic Equipment, Instruments & Components — 0.3%
Arrow Electronics Inc.
100
21,341
 *
TD SYNNEX Corp.
1,000
267,340
 
Total Electronic Equipment, Instruments & Components
288,681
Semiconductors & Semiconductor Equipment — 3.4%
First Solar Inc.
1,100
259,556
 *
Intel Corp.
7,600
1,061,188
 *
See Notes to Schedule of Investments.
6
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Semiconductors & Semiconductor Equipment — continued
QUALCOMM Inc.
13,100
 $2,420,749
 
Skyworks Solutions Inc.
300
20,340
 
Total Semiconductors & Semiconductor Equipment
3,761,833
Software — 2.3%
Microsoft Corp.
6,850
2,555,187
 
Technology Hardware, Storage & Peripherals — 2.9%
Apple Inc.
10,100
2,922,536
 
NetApp Inc.
2,300
355,948
 
Total Technology Hardware, Storage & Peripherals
3,278,484
 
Total Information Technology
9,884,185
Materials — 3.9%
Chemicals — 1.3%
Albemarle Corp.
1,200
162,036
 
CF Industries Holdings Inc.
1,600
173,216
 
Corteva Inc.
7,200
609,768
 
PPG Industries Inc.
2,700
327,483
 
RPM International Inc.
1,500
166,725
 
Total Chemicals
1,439,228
Construction Materials — 0.3%
CRH PLC
3,400
363,800
 
Containers & Packaging — 0.5%
Avery Dennison Corp.
900
146,115
 
Ball Corp.
3,400
212,160
 
Crown Holdings Inc.
1,400
156,548
 
Total Containers & Packaging
514,823
Metals & Mining — 1.8%
Alcoa Corp.
2,800
145,992
 
Newmont Corp.
11,000
1,027,400
 
Nucor Corp.
2,800
623,700
 
Reliance Inc.
500
186,800
 
Total Metals & Mining
1,983,892
 
Total Materials
4,301,743
Real Estate — 0.1%
Real Estate Management & Development — 0.1%
Jones Lang LaSalle Inc.
400
123,980
 *
 
Utilities — 2.5%
Electric Utilities — 1.5%
Alliant Energy Corp.
3,200
244,128
 
Duke Energy Corp.
6,500
822,770
 
Evergy Inc.
2,800
242,004
 
FirstEnergy Corp.
7,000
332,780
 
Total Electric Utilities
1,641,682
Gas Utilities — 0.1%
UGI Corp.
2,600
89,804
 
Independent Power and Renewable Electricity Producers — 0.1%
AES Corp.
8,800
129,008
 
See Notes to Schedule of Investments.
7
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
June 30, 2026
 BrandywineGLOBAL — Diversified US Large Cap Value Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Multi-Utilities — 0.8%
DTE Energy Co.
2,100
 $319,977
 
Public Service Enterprise Group Inc.
6,100
495,076
 
WEC Energy Group Inc.
1,100
128,447
 
Total Multi-Utilities
943,500
 
Total Utilities
2,803,994
Total Common Stocks (Cost — $79,205,845)
108,631,109
 
Investments in Underlying Funds — 1.6%
iShares Trust — iShares Russell 1000 Value ETF (Cost — $1,546,695)
7,300
 
1,769,739
 
Total Investments before Short-Term Investments (Cost — $80,752,540)
110,400,848
 
 
Rate
 
 
 
Short-Term Investments — 0.4%
Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
(Cost — $518,182)  
3.592%
518,182
 
518,182
 (a)(b)
Total Investments — 100.0% (Cost — $81,270,722)
110,919,030
Liabilities in Excess of Other Assets — (0.0)%††
(49,920
)
Total Net Assets — 100.0%
$110,869,110
 
††
Represents less than 0.1%.
*
Non-income producing security.
(a)
Rate shown is one-day yield as of the end of the reporting period.
(b)
In this instance, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), an “Affiliated Company” represents Fund ownership of at
least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At June 30, 2026, the
total market value of investments in Affiliated Companies was $518,182 and the cost was $518,182 (Note 2).
 
Abbreviation(s) used in this schedule:
ETF
—
Exchange-Traded Fund
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to Schedule of Investments.
8
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
BrandywineGLOBAL — Diversified US Large Cap Value Fund (the “Fund”) is a separate diversified investment series of Legg Mason Global Asset Management Trust (the “Trust”). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.
The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. Equity securities, including exchange-traded funds, for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Trustees (the “Board”).  
Pursuant to policies adopted by the Board, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
9
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
•
Level 1 — unadjusted quoted prices in active markets for identical investments
•
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:
 
ASSETS
Description
Quoted Prices
(Level 1)
Other Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Long-Term Investments†:
Common Stocks
 $108,631,109
—
—
 $108,631,109
Investments in Underlying Funds
1,769,739
—
—
1,769,739
Total Long-Term Investments
110,400,848
—
—
110,400,848
Short-Term Investments†
518,182
—
—
518,182
Total Investments
$110,919,030
—
—
$110,919,030
 
†
See Schedule of Investments for additional detailed categorizations.
2. Transactions with affiliated company
As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended June 30, 2026. The following transactions were effected in such company for the period ended June 30, 2026.
 
 
Affiliate
Value at

September 30,
2025
Purchased
Sold
Cost
Shares
Proceeds
Shares
Western Asset Premier
Institutional U.S.
Treasury Reserves,
Premium Shares
 $634,745
 $13,150,988
13,150,988
 $13,267,551
13,267,551

 
(cont’d)
Realized
Gain (Loss)
Dividend
Income
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
Affiliate
Value at
June 30,
2026
Western Asset Premier
Institutional U.S. Treasury
Reserves, Premium Shares
—
 $16,415
—
 $518,182
10
BrandywineGLOBAL — Diversified US Large Cap Value Fund 2026 Quarterly Report