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ClearBridge Large Cap Growth Fund - Class I Regulatory Documents

Effective May 14, 2026, this fund’s shareholders approved the following changes: 1) the fund’s classification was changed from diversified to non-diversified, and 2) the fund can now rely on a “Manager of Managers” structure, where the fund’s manager, with the approval of the fund’s Board of Trustees, can enter into and materially amend subadvisory contracts without shareholder approval, in reliance on a exemptive order previously granted by the Securities and Exchange Commission. Refer to the prospectus for more information.