Equity Fixed Income Guide to Investing - Legg Mason

Morgan Stanley
Guide to Investing
For Morgan Stanley Use Only
Not for Public Distribution
Class Symbol CUSIP ISIN Class Symbol CUSIP ISIN Class Symbol CUSIP ISIN
Fixed Income
Legg Mason BRANDYWINE GLOBAL CREDIT OPPORTUNITIES BOND FUND
Class A AS LEEGO G54499200 IE00BMMV5V01
Legg Mason BRANDYWINE GLOBAL FIXED INCOME ABSOLUTE RETURN FUND
Class A DS (A) LEGAB G5447A563 IE00BBT3JY36
Class A AS LEGMB G5442W123 IE00B59BT671
Class C AS LEGMS G5447A571 IE00BBT3JZ43
Class E DS (A) LEGGL G5447A597 IE00BBT3K171
Class E AS LEGBW G5447A589 IE00BBT3K064
Legg Mason BRANDYWINE GLOBAL FIXED INCOME FUND
Class A DS (S) LEGBA G54417160 IE0033637442
Class A DS (M) LGGMB G5446K828 IE00B556SN66
Class A AS LMOPA G54422319 IE00B19Z4J92
Class B DS LMPBB G54417459 IE0034203715
Class B AS LMMBR G5442M216 IE00B23Z9202
Class C DS LMBGC G54417467 IE0034203822
Class C AS LLBBY G5442M315 IE00B23Z9319
Class E AS LMCCA G5442W644 IE00B50ZNB17
Legg Mason WESTERN ASSET ASIAN OPPORTUNITIES FUND
Class A DS LMWOA G5442U184 IE00B2Q1FF07
Class A AS LMWTA G5442U275 IE00B2Q1FD82
Class B DS LMWPB G5442U267 IE00B2Q1FQ12
Class B AS LMWWS G5442T880 IE00B2Q1G689
Class C DS LMODC G5442U101 IE00B2Q1FS36
Class C AS LLAAW G5442U119 IE00B2Q1FR29
Class E DS LASIA G5446H122 IE00B3MHB513
Class E AS LASSW G5446H130 IE00B54X3T93
Legg Mason WESTERN ASSET DIVERSIFIED STRATEGIC INCOME FUND
Class A DS LEGMA G54417202 IE0034202634
Class A AS LMDSA G54423150 IE00B19Z5K72
Class B DS LMWDB G54417376 IE0034202741
Class B AS LMWDD G5442M588 IE00B23ZB138
Class C DS LMWAC G54417384 IE0034202857
Class C AS WESTT G5442M547 IE00B23ZB245
Legg Mason WESTERN ASSET EMERGING MARKETS BOND FUND
Class A DS LEGWA G54417236 IE0034203483
Class A AS LMEMA G54423143 IE00B19Z5636
Class B DS WAEBB G54417434 IE0034203590
Class B AS LLWWE G5442M646 IE00B23Z9P34
Class C DS LMEMC G54417442 IE0034203608
Class C AS LMEMM G5442M612 IE00B23Z9Q41
Class E DS LMWAE G5446H833 IE00B40T0711
Legg Mason WESTERN ASSET EURO CORE PLUS BOND FUND
Class A DS LEGGA G54417194 IE0034202303
Class B DS LMEBB G54417350 IE0034237671
Class C DS LMECC G54417368 IE0034237788
Legg Mason WESTERN ASSET GLOBAL BLUE CHIP BOND FUND
Class A DS LMWUC G54431211 IE00B4Y6F407
Class A AS LMWBA G54431203 IE00B4Y6F282
Class B DS LMGEB G54431294 IE00B4Y6FH34
Class B AS WAGGL G54431286 IE00B4Y6FF10
Class C DS LMWAD G54431310 IE00B4Y6FL79
Class C AS WWGGL G54431302 IE00B4Y6FK62
Class E DS WALEG G5446H106 IE00B3MJ6Y11
Class E AS LGGLL G5446H114 IE00B57YF262
Legg Mason WESTERN ASSET GLOBAL HIGH YIELD FUND
Class A DS LWAGA G54423192 IE00B19Z6Y83
Class A AS LMGHA G54423317 IE00B1BXHP82
Class B DS LMWAB G54423275 IE00B19Z7673
Class B AS LAWWA G5442M778 IE00B2417T01
Class C DS LMGHC G54423283 IE00B19Z7780
Class C AS LMEST G5442M745 IE00B2417V23
Class E DS LGGHH G54435337 IE00B55W1F74
Class E AS LGHYY G54435345 IE00B56HL515
Legg Mason WESTERN ASSET GLOBAL MULTI STRATEGY FUND
Class A DS WAGMA G54417137 IE0031618964
Class A AS LMGMA G54423119 IE00B19Z3V48
Class B DS LGMSB G54417392 IE0034202964
Class B AS LEWAA G54420768 IE00B23Z7V53
Class C DS LMGMC G54417400 IE0034203046
Class C AS LMMWA G54420834 IE00B23Z7W60
Class E DS LMMST G54435113 IE00B58YSJ33
Class E AS LMBBL G54435121 IE00B57LSL76
Legg Mason WESTERN ASSET INFLATION MANAGEMENT FUND
Class A DS (A) LWAIA G54423333 IE00B1BXHR07
Class A AS LMSFA G54420255 IE00B19Z7G76
Class B DS (A) LMIMB G54423416 IE00B19Z7B22
Class B AS LWSTR G54426468 IE00B2418192
Class C DS (A) LMWMC G54423424 IE00B19Z7C39
Class C AS LMWWW G54426492 IE00B2418200
Legg Mason WESTERN ASSET MACRO OPPORTUNITIES BOND FUND
Class A DS (S) LGGSM G54471191 IE00BH57VP65
Class A AS LGGMS G5447A753 IE00BC9S3Z47
Class B AS LEGGO G5S46W768 IE00BKZGYJ98
Class C DS (S) LEGGI G5S46W792 IE00BKZGYM28
Class C AS LEGGD G5S46W784 IE00BKZGYL11
Legg Mason WESTERN ASSET US ADJUSTABLE RATE FUND
Class A DS LMWAA G54423721 IE00B19Z8G42
Class A AS LMWDA G54420230 IE00B19Z8T70
Class B DS LMUAB G54423804 IE00B1BXHY73
Class B AS LMUSA G54426187 IE00B241BV09
Class C DS LMUSC G54423812 IE00B19Z8Q40
Class C AS LMMSE G54426195 IE00B241BW16
Legg Mason WESTERN ASSET US CORE BOND FUND
Class A DS LMUCA G54417103 IE0031615739
Class A AS LMWSA G54423101 IE00B19Z3K33
Class B DS LMCBB G54417335 IE0034202188
Class B AS LAMWW G5442M166 IE00B23Z6W95
Class C DS LMCBC G54417343 IE0034202295
Class C AS LMWAU G5442M158 IE00B23Z6Z27
Legg Mason WESTERN ASSET US CORE PLUS BOND FUND
Class A DS LMIGA G54423465 IE00B19Z7J08
Class A AS LMITA G54420248 IE00B19Z7Y58
Class B DS LMIGB G54423549 IE00B19Z7S98
Class B AS LGWWT G54426120 IE00B241B651
Class C DS LMWGA G54423556 IE00B19Z7T06
Class C AS LMSST G54426138 IE00B241B768
Legg Mason WESTERN ASSET US HIGH YIELD FUND
Class A DS LMHYA G54417228 IE0034203152
Class A AS LMWEA G54423135 IE00B19Z4V13
Class B DS WAHYB G54417418 IE0034203269
Class B AS LLWWT G5442M448 IE00B23Z9H59
Class C DS LMHAC G54417426 IE0034203376
Class C AS WASST G5442M430 IE00B23Z9J73
Class E DS LEGGW G54435170 IE00B57L6B31
Class E AS LGUSS G54435188 IE00B57L6W44
Legg Mason WESTERN ASSET US MONEY MARKET FUND*
Class A DS LMMMA G54417301 IE0034205421
Class A AS LMSMA G54417855 IE00B19Z6R17
Class B DS LMMMB G54417319 IE0034205538
Class B AS WWUSS G5442M828 IE00B19Z6S24
Class C DS LMWAM G54417327 IE0034205645
Class C AS LGWEE G54417889 IE00B19Z6T31
*An investment in the Fund is not insured or guaranteed by any government agency. The value of
an investment in the Fund, in contrast to a deposit, may fluctuate, and there can be no assurances
that the Fund will achieve its investment objective.
Legg Mason WESTERN ASSET US SHORT-TERM GOVERNMENT FUND
Class A DS LMWUA G54423598 IE00B19Z8085
Class A AS LMGUA G54420222 IE00B19Z8D11
Class B DS LMSTB G54423671 IE00B19Z8861
Class B AS LWEST G54426278 IE00B241BG57
Class C DS LMWTC G54423689 IE00B19Z8978
Class C AS LMWST G54426237 IE00B241BH64
Equity
Legg Mason BATTERYMARCH ASIA EX JAPAN EQUITY FUND
Class A DS LEGPA G54417293 IE0034204895
Class A AS LMBTA G5441Z366 IE00B19Z5X02
Class B DS LMPEB G54417558 IE0034204903
Class B AS LMMTT G5442M711 IE00B23ZBP76
Class C DS LMBPC G54417566 IE0034205082
Class C AS LBBTR G5442M661 IE00B23ZBQ83
Class E DS MASBT G54435246 IE00B5633086
Class E AS LMSSN G54435253 IE00B57DXR40

Morgan Stanley
Guide to Investing
For Morgan Stanley Use Only
Not for Public Distribution
Class Symbol CUSIP ISIN Class Symbol CUSIP ISIN
Equity
Legg Mason BATTERYMARCH MANAGED VOLATILITY EUROPEAN EQUITY FUND
Class A DS LMBEA G54417285 IE0034204671
Class A AS LMUEA G54417756 IE00B19Z4449
Class B DS LEBEB G54417533 IE0034237895
Class B AS LSOBT G54424695 IE00B23Z8H84
Class C DS LMBEC G54417541 IE0034238083
Class C AS LMBTY G54424729 IE00B23Z8J09
Legg Mason BATTERYMARCH EMERGING MARKETS EQUITY FUND
Class A DS LMBME G54420495 IE00B19ZC514
Class A AS LGMME G54420461 IE00B19ZCC84
Class B DS LLMMB G54424596 IE00B19ZC738
Class B AS LGMBB G5442Q274 IE00B241GX77
Class C DS LMBBE G54424604 IE00B19ZC845
Class C AS BTRRR G5442Q332 IE00B241GY84
Class E DS MAGGL G54435477 IE00B59HQ757
Class E AS MASST G54435485 IE00B59HRD89
Legg Mason BATTERYMARCH INTERNATIONAL LARGE CAP FUND
Class A DS LMILA G54420370 IE00B19Z9836
Class A AS LMBLA G54420388 IE00B19Z9L69
Class B DS LEILB G54424224 IE00B19Z9F00
Class B AS LMBBM G54426328 IE00B241DP88
Class C DS LMILC G54424232 IE00B19Z9G17
Class C AS BTMMM G54426344 IE00B241DT27
Legg Mason CLEARBRIDGE GLOBAL EQUITY FUND
Class A DS LEFBA G54417681 IE00B06N0024
Class A AS LMBGA G54417798 IE00B19ZBS79
Class B DS LMBGB G54417699 IE00B06N0131
Class B AS BRNDW G5442Q381 IE00B241GC64
Class C DS LMGBC G54417707 IE00B06N0248
Legg Mason CLEARBRIDGE GROWTH FUND
Class A DS LMGFA G54417251 IE0034203939
Class A AS LMGRA G54420156 IE00B19Z5Q35
Class B DS LMGFB G54417475 IE0034204010
Class B AS LOOGW G5442M885 IE00B23ZBG85
Class C DS LMGFC G54417483 IE0034204127
Class C AS LGGGW G5442M869 IE00B23ZBH92
Legg Mason CLEARBRIDGE US AGGRESSIVE GROWTH FUND
Class A DS LMCAA G54420339 IE00B19Z9P08
Class A AS LMCGA G54420362 IE00B19Z9Z06
Class B DS LMCGB G54424307 IE00B19Z9V67
Class B AS CLLUS G54426682 IE00B241F850
Class C DS LMUAC G54424315 IE00B19Z9W74
Class C AS LMMMC G54426658 IE00B241F967
Class E DS LMCAH G5446H809 IE00B4JY0997
Class E AS LMCAG G5446K703 IE00B546ST30
Legg Mason CLEARBRIDGE US APPRECIATION FUND
Class A DS LMCBA G54420313 IE00B19ZB219
Class A AS LMCPA G54424422 IE00B1BXHZ80
Class B DS LMCAB G54424380 IE00B19ZB763
Class B AS LMUUS G54426591 IE00B241FM97
Class C DS LMCAC G54424398 IE00B19ZB870
Class C AS LECCL G54426617 IE00B241FN05
Class E DS LMMCL G54435402 IE00B57BQT15
Class E AS MASGG G54435410 IE00B55W2L00
Legg Mason CLEARBRIDGE US FUNDAMENTAL VALUE FUND
Class A DS LMFBA G54424455 IE00B1BXJ296
Class A AS LMCFA G54424539 IE00B1BXJ635
Class B DS LMCFB G54424497 IE00B19ZBG57
Class B AS LMCCL G54426567 IE00B241FW95
Class C DS LMGCC G54424505 IE00B1BXJ528
Class C AS LMCCC G54426534 IE00B241FY10
Legg Mason CLEARBRIDGE US LARGE CAP GROWTH FUND
Class A DS LMCUA G54420297 IE00B19Z8W00
Class A AS LMCLA G54420271 IE00B19Z9505
Class B DS LMCLB G54424141 IE00B19Z9166
Class B AS LBRDD G54426377 IE00B241CG23
Class C DS LMCUC G54424158 IE00B19Z9273
Legg Mason CLEARBRIDGE VALUE FUND
Class A DS LMVFA G54417145 IE0002270589
Class A AS LMVLA G54417848 IE00B19Z3581
Class B DS LMGVB G54417491 IE0034205199
Class B AS LSMVL G54424752 IE00B23Z5Y45
Class C DS LMVCC G54417509 IE0034205207
Class C AS LMVLL G54424760 IE00B23Z6075
Legg Mason ROYCE US SMALL CAP OPPORTUNITY FUND
Class A DS LEGRA G54417152 IE0031619046
Class A AS LMRUA G54420123 IE00B19Z4B17
Class B DS LMRSB G54417517 IE0034204234
Class B AS LYRRR G54424869 IE00B23Z8Q75
Class C DS LMRSC G54417525 IE0034204341
Class C AS LROOO G54424877 IE00B23Z8R82
Class E DS LMRSO G5446H825 IE00B401CS25
Class E AS LMRCE G5446H817 IE00B53B0H15
Legg Mason ROYCE US SMALLER COMPANIES FUND
Class A DS LMREA G54417574 IE0034390439
Class A AS LMFEA G54417863 IE00B19Z6F94
Class B DS LMREB G54417582 IE0034390546
Class B AS LRRYY G54426757 IE00B23ZBX50
Class C DS LMREC G54417590 IE0034390652
Class C AS LGRRY G54426799 IE00B23ZBY67
Class E DS LMRSS G54435279 IE00B57DYK46
Class E AS LMROY G54435287 IE00B56HKL06
Minimum Initial Investment US $1,000
Minimum Subsequent Investment US $500
Dividends
Fixed Income Funds
Daily Accrual / Monthly Distribution*
Distribution Frequency: (A) = Annual (S) = Semiannual (M) = Monthly
*Legg Mason Western Asset Global Blue Chip Bond Fund – Monthly Accrual
*Direct investments in the Legg Mason Western Asset US Money Market Fund Class C DS/AS Shares
are prohibited.
CLASS A SHARES: FRONT-END SALES CHARGE
Amount
Sales Charge
Less than $50,000 5.00%
$50,000 but under $100,000 4.00%
$100,000 but under $250,000 3.50%
$250,000 but under $500,000 2.50%
$500,000 but under $1,000,000 2.00%
$1,000,000 but under $3,000,000 1.00%
$3,000,000 or more 0.00%
Sales Charge for Class A is negotiable – NAV trades are allowed
Upfront Gross Commission
90% of sales charge to dealer
Gross Annual Trail Commission*
0.25% MM
0.50% Fixed Income / Equity
0.50% Multi Asset
CLASS B SHARES: BACK-END SALES CHARGE
Years Since Purchase Payment Was Made
Sales Charge
First 5.00%
Second 4.00%
Third 3.00%
Fourth 2.00%
Fifth 1.00%
Sixth and following 0.00%
Upfront Gross Commission 4.00%
Gross Annual Trail Commission*
0.25% MM / Fixed Income
0.50% Equity / Multi Asset
CLASS C SHARES: LEVEL LOAD SALES CHARGE
Years Since Purchase Payment Was Made
Sales Charge
First 1.00%
Second and following 0.00%
Upfront Gross Commission 1.00%
Gross Annual Trail Commission**
0.00% MM
(Beginning in the 13 th month)
1.00% Fixed Income / Equity
1.00% Multi Asset
**TRAIL COMMISSIONS for CLASS C begin to accrue in the 13 th month; paid quarterly in arrears
CLASS E SHARES: FRONT-END SALES CHARGE
Amount
Sales Charge
Less than $500,000 2.50%
$500,000 but under $1,500,000 2.00%
$1,500,000 but under $2,500,000 1.50%
$2,500,000 but under $3,500,000 1.00%
$3,500,000 but under $4,500,000 0.50%
$4,500,000 or above 0.00%
Sales Charge for Class E is negotiable – NAV trades are allowed
Upfront Gross Commission
Gross Annual Trail Commission*
*TRAIL COMMISSIONS for CLASSES A, B and E begin to accrue immediately; paid quarterly in arrears
DS = Distribution Share Class
AS = Accumulation Share Class
90% of sales charge to dealer
1.10% Fixed Income
1.25% Equity / Multi Asset
Each of the Funds listed is a sub-fund of the Legg Mason Global Funds plc, an umbrella fund,
with segregated liability between sub-funds, established as an open-ended investment
company with variable capital and incorporated with limited liability under the laws of Ireland
with registered number 278601. It qualifies, and is authorized in Ireland by the Central Bank of
Ireland as an undertaking for collective investment in transferable securities.
It is the responsibility of the dealer to ensure that the offering and sale of fund shares complies
with relevant national law. Fund shares may not be sold to citizens or residents of the United
States or in any other country or jurisdiction where it would be unlawful to offer, solicit an offer
for, or sell the shares. Residents of the domiciles of the fund family may not be eligible to
purchase the Funds. This document is for information only and is neither intended to be, nor
constitutes, a public offering to sell shares of any mutual fund.
rev. 01/15