LMEAX
Franklin International Equity Fund
Legg Mason Global Asset Management Trust
Expense ratio1
1.28%
Net assets2
$284.85M
Holdings2
165
Category
International Equity
2025 return3
33.13%

Investment objective & strategy

As of Jan. 27, 2026 · prospectus

Objective. Maximum long-term total return.

Strategy. Under normal circumstances, the fund intends to invest primarily (at least 65% of its total assets) in equity securities of issuers located outside the United States. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in equity securities. The subadviser uses a quantitative process and seeks to add value through stock selection and region, country and sector allocation. Region, country and sector allocations are based on rankings generated by the subadvisers proprietary models. The subadviser periodically reviews these allocations and may adjust them based on current or anticipated market conditions or in an effort to manage risk consistent with the funds investment objective. The fund is not limited in the … Under normal circumstances, the fund intends to invest primarily (at least 65% of its total assets) in equity securities of issuers located outside the United States. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in equity securities. The subadviser uses a quantitative process and seeks to add value through stock selection and region, country and sector allocation. Region, country and sector allocations are based on rankings generated by the subadvisers proprietary models. The subadviser periodically reviews these allocations and may adjust them based on current or anticipated market conditions or in an effort to manage risk consistent with the funds investment objective. The fund is not limited in the amount of its total assets that may be denominated in a single currency or invested in securities of issuers located in a single country. The fund may invest up to 35% of its total assets in securities of emerging market issuers. The fund considers an investment to be tied economically to a country if the issuer: (i) has a class of its securities whose principal securities market is in the country; (ii) is organized under the laws of, or has a principal office in, the country; (iii) derives 50% or more of its total revenue or profit from goods produced, sales made or services provided in the country; or (iv) maintains 50% or more of its assets in the country. The funds investment portfolio will normally be diversified across a broad range of regions and industry sectors, consistent with managing risk while pursuing its investment objective. The subadviser may also seek to enhance portfolio returns through active currency hedging strategies and may invest in derivative instruments to do so.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
ASML Holding NV $9.12M 3.20%
ROCHE HOLDING AG $5.75M 2.02%
ASTRAZENECA PLC $5.70M 2.00%
Novartis AG (Registered) NVSEF $5.66M 1.99%
HSBC HOLDINGS PL $5.42M 1.90%
NESTLE SA (REG) $4.61M 1.62%
BHP GROUP LTD $4.06M 1.42%
BANCO SANTANDER SA $4.06M 1.42%
IBERDROLA SA $3.50M 1.23%
ALLIANZ SE (REGD) $3.38M 1.19%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
18
Exited
21
Increased
24
Decreased
123
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of September 30, 2025 · N-CEN
FirmRole
FRANKLIN TEMPLETON FUND ADVISER, LLC Adviser
Western Asset Management Company, LLC Sub-adviser
Franklin Advisers, Inc. Sub-adviser

Footnotes

  1. Expense ratio as of January 27, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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