For questions about Mutual Funds, please call Legg Mason Shareholder Services at1-or visitLegg Masons website.

We offer custom solutions, collective investments and locally registered funds in many jurisdictions around the world through our affiliated companies.Learn more about how we can help.

Our strategies harness an active, bottom-up approach to stock selection that combines the market knowledge of long-tenured portfolio managers with the original research of a specialized group of analysts.

Anatomy of a Recession: Probabilities vs. Possibilities

Recessions historically coincide with market downturns.To gauge the likelihood of a recession, Investment Strategist Jeffrey Schulze has developed theClearBridge Recession Risk DashboardandAnatomy of a Recessionpresentation.

In the latest update, Jeff presents his market and economic outlook and explains why recession risk is growing, signaling caution.

Experience and Tenure DifferentiateClearBridge

ClearBridge Investments has been recognized by Pensions & Investments Magazine as aBest Place to Work in Money Managementin all seven years of the survey.

These awards reflect the Firms spirit of collaboration, work/life balance and ongoing investment in our employees.

We align the interests of the firm with our clients and strive to deliver alpha in every aspect of our business, from generating consistent investment performance, to promoting sustainable business practices, to delivering successful long-termoutcomes.

Here you can learn more aboutour companyour teamandcareersat ClearBridge.

For questions about Mutual Funds, please call Legg Mason Shareholder Services at1-or visitLegg Masons website.

We offer custom solutions, collective investments and locally registered funds in many jurisdictions around the world through our affiliated companies.Learn more about how we can help.

Research-driven stock selection generates portfolios distinct from the market. We believe our high-conviction approach gives investors the best opportunities to earn superior results.

Focused strategies that emphasize growth and reflect our highest convictions

Dividend-oriented strategies geared to providing high and growing income streams

Risk-aware strategies that seek consistency with an emphasis on downside protection

Environmental, Social and Governance factors guide strategies to make an impact

3Q19 Commentary: We do not believe the current slowdown has fully played out and anticipate continued volatility.

3Q19 Commentary: Our diversified approach to growth proved helpful in a quarter that pressured momentum stocks.

PMs John Baldi and Peter Vanderlee join Jeff Schulze to discuss how dividend stocks offer income and growth in a low-yield environment.

2Q19 Commentary: Our portfolio companies are managing around a myriad of geopolitical and global growth risks.

We invest for full market cycles or longer, leveraging time and patience to fully participate in the success of our portfolio companies.

Natural Gas Offers Dividend Investors a Path to Carbon Neutrality

The cleanest fossil fuel, natural gas can be instrumental in a transition to renewable energy.

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By continuing, you are conseting to being redirected to Legg Mason Investor Services, LLCs (LMIS) website where you will find details about products for individual investors and the ClearBridge Investments. LMIS is a FINRA registered broker-dealer and is the underwriter for the Funds. ClearBridge Investments and LMIS are Legg Mason, Inc. subsidiaries.

ClearBridge Investments is a leading global equity manager with $146.4 billion in assets under management as of June 30, 2019. We are committed to delivering long-term results through active management as we have for more than 50 years and continue to offer investment solutions that emphasize differentiated stock selection to move our clients forward.