LMYIX : BrandywineGLOBAL - Global High Yield Fund Class I

Fund Summary

The investment seeks to provide a high level of current income; long-term capital appreciation is its secondary objective. Under normal market conditions, the fund will invest at least 80% of its total assets in high yield securities. High yield securities are those rated below investment grade (that is, securities rated below Baa/BBB assigned by at least one Nationally Recognized Statistical Rating Organization ("NRSRO")) or unrated securities determined by the subadviser to be of comparable credit quality; they are commonly known as "junk bonds." The fund's high yield securities may include distressed and defaulted securities. The fund is non-diversified.