0001474103 2026-09-08 2026-09-08 0001474103 lmgamt:S000049068Member 2026-09-08 2026-09-08 0001474103 lmgamt:S000060200Member 2026-09-08 2026-09-08 false 2026-09-08 497 0001474103 N-1A <div style="margin-top:12pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">SUPPLEMENT DATED SEPTEMBER 8, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">TO THE SUMMARY PROSPECTUS, AS APPLICABLE, AND PROSPECTUS </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">OF EACH FUND LISTED IN <span style="text-decoration:underline">SCHEDULE A</span> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt;"> </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">THE FOLLOWING CHANGES ARE EFFECTIVE IMMEDIATELY. </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;"><span style="font-weight:bold">II.</span></td> <td style="vertical-align:top;text-align:left;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:left;">The following is added to the section titled “Principal risks” in the Prospectus of ClearBridge SMASh Series EM Fund: </div> </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:4%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Investing in South Korea risk</span>: Investments in securities of South Korean issuers involve risks that are specific to South Korea, including certain legal, regulatory, political, economic, currency and security risks. In addition, economic and political developments of South Korea’s neighbors or potential hostilities with North Korea may have an adverse effect on the South Korean economy. The South Korean economy is heavily reliant on trading exports, especially with other Asian countries and the U.S. Conditions that weaken demand for such products, and disruptions or decreases in trade activity could lead to declines in economic growth. </div><div style="margin-top:18pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">SCHEDULE A </span></div><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:100%;border-spacing:0px;margin:0 auto"> <tr> <td style="width:74%;"></td> <td style="vertical-align:bottom;width:2%;"></td> <td style="width:24%;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:bottom;white-space:nowrap;"> <span style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.00pt solid #000000;display:table-cell;font-size:10pt;font-family:arial;font-weight:bold">Fund</span></td> <td style="vertical-align:bottom;">  </td> <td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center;"> <div style="margin-top:0pt;margin-bottom:1pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Date of Summary<br/>Prospectus, as<br/>applicable,<br/>and Prospectus</div> </td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST</span></div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt;"></td> <td colspan="2" style="height:1.5pt;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge Emerging Markets Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">February 1, 2026</td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge SMASh Series EM Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">December 1, 2025</td> </tr> </table> <div style="margin-top:12pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">SUPPLEMENT DATED SEPTEMBER 8, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">TO THE SUMMARY PROSPECTUS, AS APPLICABLE, AND PROSPECTUS </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">OF EACH FUND LISTED IN <span style="text-decoration:underline">SCHEDULE A</span> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt;"> </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">THE FOLLOWING CHANGES ARE EFFECTIVE IMMEDIATELY. </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;"><span style="font-weight:bold">I.</span></td> <td style="vertical-align:top;text-align:left;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:left;">The following is added to the section titled “Principal risks” in the Summary Prospectus and Prospectus, respectively, of ClearBridge Emerging Markets Fund: </div> </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:4%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Investing in Taiwan risk</span>: Investments in securities of Taiwanese issuers involve risks that are specific to Taiwan, including certain legal, regulatory, political, currency, economic and security risks. Investments in Taiwan could be adversely affected by its political and economic relationship with China. Specifically, Taiwan’s geographic proximity and history of political contention with China have resulted in ongoing tensions between the two countries. Any escalation of these tensions may materially affect the Taiwanese economy and its securities market. </div><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;"><span style="font-weight:bold">II.</span></td> <td style="vertical-align:top;text-align:left;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:left;">The following is added to the section titled “Principal risks” in the Prospectus of ClearBridge SMASh Series EM Fund: </div> </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:4%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Investing in South Korea risk</span>: Investments in securities of South Korean issuers involve risks that are specific to South Korea, including certain legal, regulatory, political, economic, currency and security risks. In addition, economic and political developments of South Korea’s neighbors or potential hostilities with North Korea may have an adverse effect on the South Korean economy. The South Korean economy is heavily reliant on trading exports, especially with other Asian countries and the U.S. Conditions that weaken demand for such products, and disruptions or decreases in trade activity could lead to declines in economic growth. </div><div style="margin-top:18pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">SCHEDULE A </span></div><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:100%;border-spacing:0px;margin:0 auto"> <tr> <td style="width:74%;"></td> <td style="vertical-align:bottom;width:2%;"></td> <td style="width:24%;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:bottom;white-space:nowrap;"> <span style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.00pt solid #000000;display:table-cell;font-size:10pt;font-family:arial;font-weight:bold">Fund</span></td> <td style="vertical-align:bottom;">  </td> <td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center;"> <div style="margin-top:0pt;margin-bottom:1pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Date of Summary<br/>Prospectus, as<br/>applicable,<br/>and Prospectus</div> </td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST</span></div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt;"></td> <td colspan="2" style="height:1.5pt;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge Emerging Markets Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">February 1, 2026</td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge SMASh Series EM Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">December 1, 2025</td> </tr> </table> <div style="margin-top:12pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">SUPPLEMENT DATED SEPTEMBER 8, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">TO THE SUMMARY PROSPECTUS, AS APPLICABLE, AND PROSPECTUS </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">OF EACH FUND LISTED IN <span style="text-decoration:underline">SCHEDULE A</span> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt;"> </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">THE FOLLOWING CHANGES ARE EFFECTIVE IMMEDIATELY. </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;"><span style="font-weight:bold">I.</span></td> <td style="vertical-align:top;text-align:left;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:left;">The following is added to the section titled “Principal risks” in the Summary Prospectus and Prospectus, respectively, of ClearBridge Emerging Markets Fund: </div> </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:4%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Investing in Taiwan risk</span>: Investments in securities of Taiwanese issuers involve risks that are specific to Taiwan, including certain legal, regulatory, political, currency, economic and security risks. Investments in Taiwan could be adversely affected by its political and economic relationship with China. Specifically, Taiwan’s geographic proximity and history of political contention with China have resulted in ongoing tensions between the two countries. Any escalation of these tensions may materially affect the Taiwanese economy and its securities market. </div><div style="margin-top:18pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">SCHEDULE A </span></div><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:100%;border-spacing:0px;margin:0 auto"> <tr> <td style="width:74%;"></td> <td style="vertical-align:bottom;width:2%;"></td> <td style="width:24%;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:bottom;white-space:nowrap;"> <span style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.00pt solid #000000;display:table-cell;font-size:10pt;font-family:arial;font-weight:bold">Fund</span></td> <td style="vertical-align:bottom;">  </td> <td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center;"> <div style="margin-top:0pt;margin-bottom:1pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Date of Summary<br/>Prospectus, as<br/>applicable,<br/>and Prospectus</div> </td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;font-weight:bold;"><span style="text-decoration:underline">LEGG MASON GLOBAL ASSET MANAGEMENT TRUST</span></div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt;"></td> <td colspan="2" style="height:1.5pt;"></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge Emerging Markets Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">February 1, 2026</td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;">ClearBridge SMASh Series EM Fund</div> </td> <td style="vertical-align:bottom;">  </td> <td style="vertical-align:bottom;text-align:center;">December 1, 2025</td> </tr> </table> LEGG MASON GLOBAL ASSET MANAGEMENT TRUST 2026-09-08