Shareholder Report
Aug. 31, 2026
USD ($)
$ / shares
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class A
|
$115
|
1.12%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class A shares of ClearBridge Growth Fund returned 5.56%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class A
|
5.56
|
3.14
|
7.76
|
|
Class A (with sales charge)
|
-0.25
|
1.92
|
7.12
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class C
|
$191
|
1.87%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class C shares of ClearBridge Growth Fund returned 4.78%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class C
|
4.78
|
2.40
|
7.00
|
|
Class C (with sales charge)
|
3.87
|
2.40
|
7.00
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class FI
|
$119
|
1.16%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class FI shares of ClearBridge Growth Fund returned 5.51%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class FI
|
5.51
|
3.12
|
7.74
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class R
|
$149
|
1.45%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class R shares of ClearBridge Growth Fund returned 5.21%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class R
|
5.21
|
2.82
|
7.42
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class I
|
$85
|
0.83%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class I shares of ClearBridge Growth Fund returned 5.85%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class I
|
5.85
|
3.45
|
8.09
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
|
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment*
|
|
Class IS
|
$76
|
0.74%
|
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended August 31, 2026, Class IS shares of ClearBridge Growth Fund returned 5.95%. The Fund compares its performance to the Russell Midcap Growth Index, which returned -1.16% for the same period.
PERFORMANCE HIGHLIGHTS
|
Top contributors to performance:
|
|
|
↑
|
CrowdStrike Holdings, in the information technology (IT) sector, is a leading cybersecurity company focused on next-generation endpoint protection. The stock outperformed driven by strong execution, improving confidence in the durability of cybersecurity spending and increasing investor appreciation for the company’s role in securing artificial intelligence (AI)-driven enterprise workflows.
|
|
↑
|
Madison Square Garden Sports, in communication services, operates as a professional sports company in the U.S. Shares were bolstered by investor enthusiasm around the proposed separation of the New York Knicks and New York Rangers into independently traded companies, enhancing strategic flexibility.
|
|
↑
|
Broadcom, in the IT sector, develops semiconductors and software for a range of applications. The stock continued to perform well as its semiconductor chips are in high demand amid AI investment, and the company has emerged as a competitor to Nvidia on the custom ASIC chip side.
|
|
Top detractors from performance:
|
|
|
↓
|
Quanta Services, in the industrials sector, provides specialty contracting services to the electric power and oil and gas industries. The stock benefited from strong demand for power and infrastructure investment tied in part to the data center buildout. While not owning the stock detracted from relative performance, the Fund maintained significant industrials exposure through other high-conviction beneficiaries of infrastructure and power investment.
|
|
↓
|
Autodesk, in the IT sector, is a developer of software for architectural and related engineering and design projects. The stock came under pressure alongside a broad-based selloff in software stocks due to concerns over the potential impact of disintermediation from AI usage and expansion, as well as its announced acquisition of MaintainX, a frontline operations software vendor.
|
|
↓
|
Datadog, in the IT sector, provides a monitoring service through an analytics platform for developers, IT operations teams, and business users in the cloud. The stock outperformed and was a relative headwind to the Fund due to lack of ownership. The Fund continued to maintain technology exposure elsewhere in areas with higher conviction in the durability of growth and long-term risk/reward, including cybersecurity, data infrastructure and AI-related networking.
|
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2026
|
|
1 Year
|
5 Year
|
10 Year
|
|
Class IS
|
5.95
|
3.55
|
8.18
|
|
Russell 3000 Index
|
20.10
|
11.80
|
14.84
|
|
Russell Midcap Growth Index
|
-1.16
|
4.27
|
12.06
|
For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
KEY FUND STATISTICS (as of August 31, 2026)
|
Total Net Assets
|
$4,108,565,369
|
|
Total Number of Portfolio Holdings
|
54
|
|
Total Management Fee Paid
|
$30,345,223
|
|
Portfolio Turnover Rate
|
21%
|
WHAT DID THE FUND INVEST IN? (as of August 31, 2026)
Portfolio Composition* (% of Total Investments)
HOW HAS THE FUND CHANGED?
Although the addition was not driven by a change in investment strategy, the Prospectus was amended to identify Information Technology Sector Risk as a principal risk based on the Fund’s investment concentration.
Effective May 1, 2026, the Fund’s portfolio managers are Aram E. Green and Amanda Leithe, CFA.
This is a summary of certain changes to the Fund since September 1, 2025. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus.us.franklintempleton@fisglobal.com.
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