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Product Pitchbook 2Q 2021 Separately Managed Accounts LEGG MASON GLOBAL ALL CAP BLEND PORTFOLIOS(MDA8) Separately Managed Accounts (SMAs) are investment services provided by Legg Mason Private Portfolio Group, LLC (LMPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Franklin Templeton affiliated subadvisors: ClearBridge Investments, LLC, and Western Asset Management Company, LLC. Management is implemented by LMPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee. These materials are being provided for illustrative and informational purposes only. The information contained herein is obtained from multiple sources that are believed to be reliable. However, such information has not been verified, and may be different from the information included in documents and materials created by the sponsor firm in whose investment program a client participates. Some sponsor firms may require that these materials be preceded or accompanied by investment profiles or other documents or materials prepared by such sponsor firms, which will be provided upon a client’s request. For additional information, documents and/or materials, please speak to your financial professional or contact your sponsor firm. INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE . Introduction | Legg Mason Underlying strategies in proposed portfolio Legg Mason Global All Cap Blend Portfolios · 40% ClearBridge All Cap Growth Portfolios · 40% ClearBridge All Cap Value Portfolios · 20% ClearBridge International Value ADR Portfolios 2 . Introduction | Franklin Templeton Franklin Templeton We aim to offer the best of both worlds: global strength and boutique specialization. Providing real customization backed by the scale and resources of a large company. All driven by our single focus on delivering better client outcomes. Unparalleled in our Guided by long-term Nimble where it matters ability to customize value creation • Autonomous investment teams • Strategy- and vehicle-agnostic • Closely-held public firm where entrepreneurial, independent approach to solving client needs with a strong balance sheet, professionals practice true allowing us to invest with a • Tailored support through a specialization global distribution platform, long-term horizon • ~1300 research and investment technological tools and value- • Track record of product professionals, giving us added services, provides more and technological innovations differentiated insights and an than just investment returns fueled by our Silicon Valley roots “ear to the ground” in 20+ countries • Multi-asset capabilities that • Values-based culture, we do • At-scale capabilities in analytics, advance portfolio construction the right thing for our clients data and servicing combined with and provide true solutions and our people empowered teams makes us uniquely agile As of December 31, 2020. 3 . Introduction | Franklin Templeton We offer a full range of investment strategies across asset classes and geographies Our investment capabilities Our investment brands Equity Fixed Income Franklin Templeton (1947) Value Government Western Asset (1971) Deep Value Municipals ClearBridge Investments (2005) Core Value Corporate Credit Blend Bank Loans Brandywine Global (1986) GARP Securitized Growth Multi-Sector Clarion Partners (1982) Convertibles Currencies Sector Sukuk Benefit Street Partners (2008) Shariah Martin Currie (1881) Smart Beta Thematic QS Investors (1999) K2 Advisors (1994) Multi-Asset Solutions Alternatives Royce (1972) Income Private Debt Real Return Hedge Funds Balanced/Hybrid Private Equity Total Return Real Estate Target Date/Risk Infrastructure + Absolute Return 1,300 Tactical Asset Allocation investment professionals in over 20 countries1 Managed Volatility 1 As of 6/30/20. Investment professionals include portfolio managers, research analysts, research associates, investment support and executives of Franklin Templeton, Legg Mason and subsidiary investment management groups. 4 2 . Introduction | Multiple Discipline Account Multiple Discipline Account® (“MDA”) -- Potential benefits 1 2 3 Diversification Simplified, convenient Flexibility and choice • Multiple investment styles portfolio administration • Greater accommodation of in single account • Single point of contact for special instructions • Ongoing monitoring of portfolio management • Tax harvesting potential2 asset allocation with • Consolidation of positions rebalancing as deemed into one statement appropriate1 Diversification does not assure a profit or protect against market loss. Asset Allocation does not assure a profit or protect against market loss. 1 The Overlay Portfolio Management process is conducted by the MDA style managers and a service provider on behalf of Legg Mason Private Portfolio Group, LLC. 2 Depends on individual tax situation. Please see “Disclaimer” for important tax information. 5 . Introduction | Multiple Discipline Account Diversification By investing in more than one asset class, investors may have the potential over time to enhance overall portfolio returns and manage risk. Calendar year returns of varied market indices. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Large Cap Fixed Mid Cap Small Cap Fixed Mid Cap Small Cap Mid Cap Large Cap Small Cap Large Cap Inter- Inter- Cash Large Cap Large Cap Growth Income Growth Growth Income Value Growth Value Growth Value Growth national national 1.86% Growth Growth 14.02% 26.86% 11.81% 5.70% 46.29% 29.09% 8.74% 18.51% 43.30% 14.75% 5.67% 31.74% 30.21% 36.39% 38.49% Mid Cap Inter- Large Cap Mid Cap Large Cap Small Cap S&P 500 S&P 500 Mid Cap Inter- Fixed Small Cap Cash Mid Cap Mid Cap Mid Cap Value national Growth Growth Growth Value Index Index Value national Income Value 1.80% Growth Growth Growth 12.65% 23.48% 11.63% 37.21% 26.38% 2.64% 18.05% 35.74% 13.69% 1.38% 20.00% 25.62% -0.42% 35.47% 35.59% Mid Cap Large Cap Mid Cap Small Cap Small Cap Mid Cap S&P 500 Inter- Small Cap Large Cap Fixed Large Cap Mid Cap Large Cap S&P 500 Small Cap Growth Value Growth Value Growth Value Index national Value Value Income Value Growth Growth Index EST EFOMANCE Growth 12.10% 22.25% 11.43% -28.92% 34.47% 24.75% 2.11% 17.90% 34.52% 13.45% 0.15% 17.34% 25.27% -1.51% 31.49% 34.63% Large Cap Fixed Large Cap Mid Cap Small Cap Large Cap Large Cap Large Cap S&P 500 Small Cap S&P 500 Mid Cap Large Cap Cash Small Cap S&P 500 Value Income Value Value Value Value Value Growth Index Growth Index Value Growth 0.03% Growth Index 7.07% 20.22% 7.23% -36.85% 34.21% 24.50% 0.39% 17.51% 33.48% 13.05% 11.96% 22.17% -4.38% 28.48% 18.40% Large Cap Small Cap S&P 500 Inter- Large Cap S&P 500 Mid Cap Mid Cap Small Cap S&P 500 Mid Cap S&P 500 Cash Mid Cap Mid Cap Fixed Growth Growth Index national Growth Index Growth Growth Growth Index Growth Index 0.08% Value Value Income 5.26% 15.79% 7.05% -37.00% 32.46% 16.71% 16.00% 33.46% 11.90% -0.20% 11.32% 21.83% -4.75% 27.06% 8.93% S&P 500 Small Cap S&P 500 Large Cap S&P 500 Large Cap Mid Cap Mid Cap Large Cap Fixed Inter- Mid Cap Large Cap Large Cap Large Cap Inter- Index Growth Index Growth Index Value Value Growth Value Income national Growth Value Value Value national 4.91% 13.35% 5.49% -38.44% 26.46% 15.51% -1.38% 15.81% 32.53% 5.99% -0.39% 7.33% 13.66% -8.27% 26.54% 8.28% Small Cap Mid Cap Mid Cap Small Cap S&P 500 Mid Cap Large Cap Small Cap Small Cap Large Cap Mid Cap Small Cap Cash S&P 500 Inter- Mid Cap Value Growth Value Value Index Growth Growth Growth Growth Growth Value Growth 4.74% Index national Value 4.71% 10.66% -38.44% 20.58% 15.06% -1.65% 15.26% 32.39% 5.60% -1.38% 7.08% 13.34% -9.31% 22.66% 4.96% Small Cap Large Cap Large Cap Small Cap Large Cap Inter- Small Cap Small Cap Inter- Small Cap Large Cap Fixed Small Cap Mid Cap Small Cap Small Cap Growth Growth Value Growth Value national Growth Growth national Value Value Income Value Value Value Value 4.15% 9.07% -0.17% -38.54% 19.69% 8.21% -2.91% 14.59% 23.29% 4.22% -3.83% 3.05% 7.84% -12.29% 22.39% 4.63% Mid Cap Inter- Fixed Fixed Small Cap Fixed Mid Cap Inter- Fixed Small Cap Cash Cash Cash Fixed Large Cap Value national Income Income Value Income Cash Value national Income Value Income 3.00% 4.76% 0.05% 0.03% Value -1.42% -43.06% 4.52% 6.59% -5.50% 4.82% -4.78% 1.51% 4.00% -12.86% 9.71% 2.80% Fixed Fixed Small Cap Mid Cap Inter- Fixed Inter- Small Cap Inter- Cash Cash Cash Cash Cash Cash Cash WOST EFOMANCE Value Growth national national Value national Income Income 0.16% 0.13% 0.07% Income 0.27% 0.84% 2.37% 3.78% -9.78% -44.32% -11.73% -2.35% -4.48% -7.47% -13.36% 2.25% 0.58% The above table is presented for informational purposes only and does not represent performance of any portfolio or mutual fund. Past performance is no guarantee of future results. Please see Index Performance Endnotes for important additional information. An investor cannot invest directly in an index. Cash is represented by the FTSE 3-Month U.S. Large Cap Growth is represented by the Mid Cap Growth is represented by Small Cap Growth is represented by International is represented by the Treasury Bill Index Russell 1000 Growth Index. Russell MidCap Growth Index the Russell 2000 Growth Index.
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