# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-25-010368
**Filing Date:** 2025-11
**Character Count:** 59587
**Document Hash:** a5e715a3e289a9c3b3db6e83aac007b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010368.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010368

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 251519297

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-539-0000

**MAIL ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## Series and Classes Contracts Data

### BrandywineGLOBAL - Global Opportunities Bond Fund (Series ID: S000036894)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112917 | Class A      | GOBAX           |
| C000112918 | Class C1     | GOBCX           |
| C000112919 | Class FI     | GOBFX           |
| C000112920 | Class R      | LBORX           |
| C000112921 | Class I      | GOBIX           |
| C000112922 | Class IS     | GOBSX           |
| C000116979 | Class C      | LGOCX           |

## Nport-Ex

Schedule of Investments (unaudited)

September 30, 2025

 **BrandywineGLOBAL — Global Opportunities Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>| Value |
| **U.S. Government & Agency Obligations — 41.9%** | **U.S. Government & Agency Obligations — 41.9%** | **U.S. Government & Agency Obligations — 41.9%** | **U.S. Government & Agency Obligations — 41.9%** | **U.S. Government & Agency Obligations — 41.9%** |
| *U.S. Government Obligations — 41.9%* | *U.S. Government Obligations — 41.9%* | *U.S. Government Obligations — 41.9%* | *U.S. Government Obligations — 41.9%* | *U.S. Government Obligations — 41.9%* |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 15020000 | &nbsp;&nbsp;&nbsp; $15071631<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 155120000 | &nbsp;&nbsp;&nbsp; 155677462<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (3 mo. U.S. Treasury Money Market Yield + 0.098%) | &nbsp;&nbsp; 3.996% | &nbsp;&nbsp; 1/31/27 | &nbsp;&nbsp; 108090000 | &nbsp;&nbsp;&nbsp; 107965634<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (3 mo. U.S. Treasury Money Market Yield + 0.160%) | &nbsp;&nbsp; 4.058% | &nbsp;&nbsp; 4/30/27 | &nbsp;&nbsp; 129470000 | &nbsp;&nbsp;&nbsp; 129408230<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes (3 mo. U.S. Treasury Money Market Yield + 0.159%) | &nbsp;&nbsp; 4.057% | &nbsp;&nbsp; 7/31/27 | &nbsp;&nbsp; 129450000 | &nbsp;&nbsp;&nbsp; 129359072<br> <sup>(a)</sup><br>|
| **Total U.S. Government & Agency Obligations (Cost — $537,464,429)** | **Total U.S. Government & Agency Obligations (Cost — $537,464,429)** | **Total U.S. Government & Agency Obligations (Cost — $537,464,429)** | **Total U.S. Government & Agency Obligations (Cost — $537,464,429)** | &nbsp;&nbsp; **537482029** |
| **Sovereign Bonds — 35.1%** | **Sovereign Bonds — 35.1%** | **Sovereign Bonds — 35.1%** | **Sovereign Bonds — 35.1%** | **Sovereign Bonds — 35.1%** |
| *Brazil — 5.0%* | *Brazil — 5.0%* | *Brazil — 5.0%* | *Brazil — 5.0%* | *Brazil — 5.0%* |
| &nbsp;&nbsp;&nbsp; Brazil Notas do Tesouro Nacional Serie F, Notes | &nbsp;&nbsp; 10.000% | &nbsp;&nbsp; 1/1/35 | &nbsp;&nbsp; 417780000 <br><sup>BRL</sup><br>| &nbsp;&nbsp;&nbsp; *64252146*<br>|
| *France — 2.7%* | *France — 2.7%* | *France — 2.7%* | *France — 2.7%* | *France — 2.7%* |
| &nbsp;&nbsp;&nbsp; French Republic Government Bond OAT | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 5/25/55 | &nbsp;&nbsp; 35300000 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; *33963164*<br> <sup>(b)</sup><br>|
| *Hungary — 0.5%* | *Hungary — 0.5%* | *Hungary — 0.5%* | *Hungary — 0.5%* | *Hungary — 0.5%* |
| &nbsp;&nbsp;&nbsp; Hungary Government Bond | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 10/24/35 | &nbsp;&nbsp; 2104000000 <br><sup>HUF</sup><br>| &nbsp;&nbsp;&nbsp; *6397124*<br>|
| *Mexico — 6.9%* | *Mexico — 6.9%* | *Mexico — 6.9%* | *Mexico — 6.9%* | *Mexico — 6.9%* |
| &nbsp;&nbsp;&nbsp; Mexican Bonos, Bonds | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 11/7/47 | &nbsp;&nbsp; 249600000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 11976140<br>|
| &nbsp;&nbsp;&nbsp; Mexican Bonos, Bonds | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 7/31/53 | &nbsp;&nbsp; 1611900000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 76687874<br>|
| *Total Mexico* | *Total Mexico* | *Total Mexico* | *Total Mexico* | &nbsp;&nbsp; *88664014* |
| *United Kingdom — 20.0%* | *United Kingdom — 20.0%* | *United Kingdom — 20.0%* | *United Kingdom — 20.0%* | *United Kingdom — 20.0%* |
| &nbsp;&nbsp;&nbsp; United Kingdom Gilt, Bonds | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 7/31/34 | &nbsp;&nbsp; 98510000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; 128817722<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Kingdom Gilt, Bonds | &nbsp;&nbsp; 1.250% | &nbsp;&nbsp; 7/31/51 | &nbsp;&nbsp; 99760000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; 56023176<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Kingdom Gilt, Bonds | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 7/31/54 | &nbsp;&nbsp; 63630000 <br><sup>GBP</sup><br>| &nbsp;&nbsp;&nbsp; 71619325<br> <sup>(b)</sup><br>|
| *Total United Kingdom* | *Total United Kingdom* | *Total United Kingdom* | *Total United Kingdom* | &nbsp;&nbsp; *256460223* |
| **Total Sovereign Bonds (Cost — $446,388,603)** | **Total Sovereign Bonds (Cost — $446,388,603)** | **Total Sovereign Bonds (Cost — $446,388,603)** | **Total Sovereign Bonds (Cost — $446,388,603)** | &nbsp;&nbsp; **449736671** |
| **Mortgage-Backed Securities — 15.0%** | **Mortgage-Backed Securities — 15.0%** | **Mortgage-Backed Securities — 15.0%** | **Mortgage-Backed Securities — 15.0%** | **Mortgage-Backed Securities — 15.0%** |
| *GNMA — 15.0%* | *GNMA — 15.0%* | *GNMA — 15.0%* | *GNMA — 15.0%* | *GNMA — 15.0%* |
| &nbsp;&nbsp;&nbsp; Government National Mortgage Association (GNMA) II <br>(Cost — $189,763,955) | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 10/20/53- <br>12/20/54<br>| &nbsp;&nbsp; 188068747 | &nbsp;&nbsp;&nbsp; **192038999**<br>|
| **Corporate Bonds & Notes — 3.1%** | **Corporate Bonds & Notes — 3.1%** | **Corporate Bonds & Notes — 3.1%** | **Corporate Bonds & Notes — 3.1%** | **Corporate Bonds & Notes — 3.1%** |
| **Consumer Discretionary — 1.7%** | **Consumer Discretionary — 1.7%** | **Consumer Discretionary — 1.7%** | **Consumer Discretionary — 1.7%** | **Consumer Discretionary — 1.7%** |
| *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* | *Automobiles — 1.7%* |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co. Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 4/6/26 | &nbsp;&nbsp; 11600000<br>| &nbsp;&nbsp;&nbsp; 11665849<br>|
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp., Senior Notes | &nbsp;&nbsp; 4.450% | &nbsp;&nbsp; 5/18/26 | &nbsp;&nbsp; 10710000<br>| &nbsp;&nbsp;&nbsp; 10744144<br>|
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **22409993** |
| **Energy — 0.5%** | **Energy — 0.5%** | **Energy — 0.5%** | **Energy — 0.5%** | **Energy — 0.5%** |
| *Oil, Gas & Consumable Fuels — 0.5%* | *Oil, Gas & Consumable Fuels — 0.5%* | *Oil, Gas & Consumable Fuels — 0.5%* | *Oil, Gas & Consumable Fuels — 0.5%* | *Oil, Gas & Consumable Fuels — 0.5%* |
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos, Senior Notes | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 1/28/60 | &nbsp;&nbsp; 7240000<br>| &nbsp;&nbsp;&nbsp; **5959497**<br>|
| **Financials — 0.9%** | **Financials — 0.9%** | **Financials — 0.9%** | **Financials — 0.9%** | **Financials — 0.9%** |
| *Banks — 0.9%* | *Banks — 0.9%* | *Banks — 0.9%* | *Banks — 0.9%* | *Banks — 0.9%* |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, Senior Notes | &nbsp;&nbsp; 4.568% | &nbsp;&nbsp; 12/17/26 | &nbsp;&nbsp; 11520000<br>| &nbsp;&nbsp;&nbsp; **11586167**<br>|
| **Total Corporate Bonds & Notes (Cost — $38,289,506)** | **Total Corporate Bonds & Notes (Cost — $38,289,506)** | **Total Corporate Bonds & Notes (Cost — $38,289,506)** | **Total Corporate Bonds & Notes (Cost — $38,289,506)** | &nbsp;&nbsp; **39955657** |
| **Total Investments before Short-Term Investments (Cost — $1,211,906,493)** | **Total Investments before Short-Term Investments (Cost — $1,211,906,493)** | **Total Investments before Short-Term Investments (Cost — $1,211,906,493)** | **Total Investments before Short-Term Investments (Cost — $1,211,906,493)** | &nbsp;&nbsp; **1219213356** |
| **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** | **Short-Term Investments — 4.4%** |

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Global Opportunities Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate |  | Face<br> Amount†<br>| Value |
| **Sovereign Bonds — 3.1%** | **Sovereign Bonds — 3.1%** | **Sovereign Bonds — 3.1%** | **Sovereign Bonds — 3.1%** | **Sovereign Bonds — 3.1%** |
| &nbsp;&nbsp;&nbsp; Egypt Treasury Bills | 20.925% | &nbsp;&nbsp; 10/14/25 | &nbsp;&nbsp; 1050000000 <br><sup>EGP</sup><br>| &nbsp;&nbsp;&nbsp; $21784237<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Egypt Treasury Bills | 28.289% | &nbsp;&nbsp; 2/3/26 | &nbsp;&nbsp; 959000000 <br><sup>EGP</sup><br>| &nbsp;&nbsp;&nbsp; 18390294<br> <sup>(c)</sup><br>|
| **Total Sovereign Bonds (Cost — $38,470,262)** | **Total Sovereign Bonds (Cost — $38,470,262)** | **Total Sovereign Bonds (Cost — $38,470,262)** | **Total Sovereign Bonds (Cost — $38,470,262)** | &nbsp;&nbsp; **40174531** |
|  |  |  | Shares |  |
| **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** |
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares <br> (Cost — $15,892,159)  | &nbsp;&nbsp; 4.013% |  | &nbsp;&nbsp; 15892159<br>| &nbsp;&nbsp;&nbsp;&nbsp; **15892159**<br> <sup>(d)(e)</sup><br>|
| **Total Short-Term Investments (Cost — $54,362,421)** | **Total Short-Term Investments (Cost — $54,362,421)** | **Total Short-Term Investments (Cost — $54,362,421)** | **Total Short-Term Investments (Cost — $54,362,421)** | &nbsp;&nbsp; **56066690** |
| **Total Investments — 99.5% (Cost — $1,266,268,914)** | **Total Investments — 99.5% (Cost — $1,266,268,914)** | **Total Investments — 99.5% (Cost — $1,266,268,914)** | **Total Investments — 99.5% (Cost — $1,266,268,914)** | &nbsp;&nbsp; **1275280046** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; 6353467 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$1281633513** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| <sup>(a)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(b)</sup> | Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of <br> the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the <br> Board of Trustees.<br>|
| <sup>(c)</sup> | Rate shown represents yield-to-maturity. |
| <sup>(d)</sup> | Rate shown is one-day yield as of the end of the reporting period.  |
| <sup>(e)</sup> | In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding <br> voting securities of an issuer, or a company which is under common ownership or control with the Fund. At September 30, 2025, the total market value of <br> investments in Affiliated Companies was $15,892,159 and the cost was $15,892,159 (Note 2).<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| BRL |  | Brazilian Real |
| EGP |  | Egyptian Pound |
| EUR |  | Euro |
| GBP |  | British Pound |
| HUF |  | Hungarian Forint |
| MXN |  | Mexican Peso |
| OAT |  | Obligations Assimilables du Trésor (French Treasury Bonds) |

---

At September 30, 2025, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Appreciation <br>(Depreciation)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 19797254 | &nbsp;&nbsp; CAD | &nbsp;&nbsp;&nbsp;&nbsp; 27180000 | Barclays Bank PLC | &nbsp;&nbsp; 10/28/25 | &nbsp;&nbsp; $239282 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 51430000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 37311917 | Citibank N.A. | &nbsp;&nbsp; 10/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; (304319) |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 82050000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 59905159 | Citibank N.A. | &nbsp;&nbsp; 10/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; (864261) |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 91420000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 67126808 | Citibank N.A. | &nbsp;&nbsp; 10/28/25 | &nbsp;&nbsp; (1343518) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 18191336 | &nbsp;&nbsp; CAD | &nbsp;&nbsp;&nbsp;&nbsp; 25250000 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp; 10/28/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22138 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 81623946 | &nbsp;&nbsp; MXN | &nbsp;&nbsp; 1530600000 | Citibank N.A. | &nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp; (1689655) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 32350000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 38124989 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (60456) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 127880000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 147624762 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp; 2844868 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2325602 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1970000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7607 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4138297 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20032 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5979614 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5150000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (80119) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 34536917 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 29370000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (21208) |

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

 **BrandywineGLOBAL — Global Opportunities Bond Fund**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Currency<br> Purchased | Currency<br> Sold | Currency<br> Sold | Counterparty | Settlement<br> Date<br>| Unrealized<br> Appreciation<br> (Depreciation)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 63596748 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 54410000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp; $(424620) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 120177171 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 102330000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (229126) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 54030000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 63546304 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp; 11/5/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27938 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 20949820 | &nbsp;&nbsp; ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 381800000 | HSBC Securities Inc. | &nbsp;&nbsp; 11/7/25 | &nbsp;&nbsp; (1098368) |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 26800000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1489050 | HSBC Securities Inc. | &nbsp;&nbsp; 11/7/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58596 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 51900000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2902100 | HSBC Securities Inc. | &nbsp;&nbsp; 11/7/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95021 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 113400000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6277714 | HSBC Securities Inc. | &nbsp;&nbsp; 11/7/25 | &nbsp;&nbsp;&nbsp;&nbsp; 270910 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 189700000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 10603749 | HSBC Securities Inc. | &nbsp;&nbsp; 11/7/25 | &nbsp;&nbsp;&nbsp;&nbsp; 351048 |
| KRW | &nbsp;&nbsp; 66580000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 48262114 | Citibank N.A. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; (709048) |
| KRW | &nbsp;&nbsp; 82920000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 59969625 | Citibank N.A. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; (746130) |
| KRW | &nbsp;&nbsp; 89440000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 65184278 | Citibank N.A. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp; (1304039) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 18181170 | &nbsp;&nbsp; KRW | &nbsp;&nbsp; 25490000000 | Citibank N.A. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; (24413) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 20431864 | &nbsp;&nbsp; KRW | &nbsp;&nbsp; 28150000000 | Citibank N.A. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 326444 |
| CLP | &nbsp;&nbsp; 36880000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 38704532 | HSBC Securities Inc. | &nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; (340775) |
| CNH | &nbsp;&nbsp;&nbsp;&nbsp; 266580000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 37710600 | JPMorgan Chase & Co. | &nbsp;&nbsp; 12/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (138282) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 37374346 | &nbsp;&nbsp; CNH | &nbsp;&nbsp;&nbsp;&nbsp; 266580000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 12/5/25 | &nbsp;&nbsp;&nbsp;&nbsp; (197971) |
| SEK | &nbsp;&nbsp;&nbsp;&nbsp; 602400000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 63939203 | JPMorgan Chase & Co. | &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 340033 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 31568346 | &nbsp;&nbsp; SEK | &nbsp;&nbsp;&nbsp;&nbsp; 291200000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 495781 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 33477484 | &nbsp;&nbsp; SEK | &nbsp;&nbsp;&nbsp;&nbsp; 311200000 | JPMorgan Chase & Co. | &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 270814 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 118100000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 77908799 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 306472 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 62710409 | &nbsp;&nbsp; AUD | &nbsp;&nbsp;&nbsp;&nbsp; 95750000 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; (702903) |
| INR | &nbsp;&nbsp; 2096700000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 23848087 | HSBC Securities Inc. | &nbsp;&nbsp; 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (340431) |
| INR | &nbsp;&nbsp; 3342300000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 37872873 | HSBC Securities Inc. | &nbsp;&nbsp; 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (399873) |
| JPY | &nbsp;&nbsp; 45960000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 314188739 | Citibank N.A. | &nbsp;&nbsp; 1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4649 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 254980208 | &nbsp;&nbsp; GBP | &nbsp;&nbsp;&nbsp;&nbsp; 189790000 | HSBC Securities Inc. | &nbsp;&nbsp; 1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp; (255380) |
| CLP | &nbsp;&nbsp; 36910000000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 38918178 | HSBC Securities Inc. | &nbsp;&nbsp; 1/22/26 | &nbsp;&nbsp;&nbsp;&nbsp; (539175) |
| EGP | &nbsp;&nbsp;&nbsp;&nbsp; 137400000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2540681 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp;&nbsp; 6/2/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50715 |
| EGP | &nbsp;&nbsp;&nbsp;&nbsp; 307100000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5684721 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp;&nbsp; 6/2/26 | &nbsp;&nbsp;&nbsp;&nbsp; 107256 |
| EGP | &nbsp;&nbsp;&nbsp;&nbsp; 412100000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7625409 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp;&nbsp; 6/2/26 | &nbsp;&nbsp;&nbsp;&nbsp; 146891 |
| EGP | &nbsp;&nbsp;&nbsp;&nbsp; 494200000 | &nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9101289 | Morgan Stanley & Co. Inc. | &nbsp;&nbsp;&nbsp; 6/2/26 | &nbsp;&nbsp;&nbsp;&nbsp; 219437 |
| **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **Net unrealized depreciation on open forward foreign currency contracts** | **$(5608138)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| AUD |  | Australian Dollar |
| CAD |  | Canadian Dollar |
| CLP |  | Chilean Peso |
| CNH |  | Chinese Offshore Yuan |
| EGP |  | Egyptian Pound |
| EUR |  | Euro |
| GBP |  | British Pound |
| INR |  | Indian Rupee |
| JPY |  | Japanese Yen |
| KRW |  | South Korean Won |
| MXN |  | Mexican Peso |
| SEK |  | Swedish Krona |
| USD |  | United States Dollar |
| ZAR |  | South African Rand |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

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BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

BrandywineGLOBAL — Global Opportunities Bond Fund (the "Fund") is a separate non-diversified investment series of Legg Mason Global Asset Management Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

------

BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; $537482029 | &nbsp;&nbsp; — | &nbsp;&nbsp; $537482029 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 449736671 | &nbsp;&nbsp; — | &nbsp;&nbsp; 449736671 |
| &nbsp;&nbsp;&nbsp; Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 192038999 | &nbsp;&nbsp; — | &nbsp;&nbsp; 192038999 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 39955657 | &nbsp;&nbsp; — | &nbsp;&nbsp; 39955657 |
| Total Long-Term Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 1219213356 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1219213356 |
| Short-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 40174531 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40174531 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; $15892159 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15892159 |
| Total Short-Term Investments | &nbsp;&nbsp; 15892159 | &nbsp;&nbsp; 40174531 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56066690 |
| **Total Investments** | &nbsp;&nbsp; **$15892159** | &nbsp;&nbsp; **$1259387887** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$1275280046** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $6205932 | &nbsp;&nbsp; — | &nbsp;&nbsp; $6205932 |
| **Total** | &nbsp;&nbsp; **$15892159** | &nbsp;&nbsp; **$1265593819** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$1281485978** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $11814070 | &nbsp;&nbsp; — | &nbsp;&nbsp; $11814070 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations. <br> †† Reflects the unrealized appreciation (depreciation) of the instruments.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended September 30, 2025. The following transactions were effected in such company for the period ended September 30, 2025. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional U.S. <br> Treasury Reserves, <br> Premium Shares<br>| $34180500 | $819415744 | 819415744 | $837704085 | 837704085 |

---

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BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>September 30, <br>2025<br>|
| Western Asset Premier <br> Institutional U.S. Treasury <br> Reserves, Premium Shares<br>|  | $1082067 |  | $15892159 |

---

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BrandywineGLOBAL — Global Opportunities Bond Fund 2025 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Legg Mason Global Asset Management Trust

- **b. Investment Company Act file number:** 811-22338

- **c. CIK number of Registrant:** 0001474103

- **d. LEI of Registrant:** 549300BI5I8NVF50DG69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 International Drive

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 1-877-656-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** BrandywineGLOBAL - Global Opportunities Bond Fund

- **b. EDGAR series identifier (if any):** S000036894

- **c. LEI of Series:** 549300UL6SM15ZRNUZ25

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1296500222.73

**Total Liabilities:** $27730796.69

**Net Assets:** $1268769426.04

**Cash Not Reported:** $9440615.68

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 745.76347186 | **1-Year:** 1807.25120520 | **5-Year:** 52.88365030 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 29384.32189389 | **5-Year:** 26077.85230910 | **10-Year:** 6216.52505695 | **30-Year:** 231.81793039

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112917 | -2.42%               | 1.81%                | 0.80%                |
| Class ID C000112920 | -2.45%               | 1.72%                | 0.85%                |
| Class ID C000112919 | -2.46%               | 1.83%                | 0.68%                |
| Class ID C000112922 | -2.42%               | 1.80%                | 0.89%                |
| Class ID C000112918 | -2.49%               | 1.77%                | 0.77%                |
| Class ID C000116979 | -2.50%               | 1.75%                | 0.74%                |
| Class ID C000112921 | -2.53%               | 1.92%                | 0.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13037283.79            | $-4534591.92                               |
| Month 2  | $2007462.46              | $8547416.21                                |
| Month 3  | $7087530.77              | $5441342.97                                |

**Designated Index Information**

- **Index Name:** FTSE WGBI

- **Index Identifier:** NA

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YU77<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    7718206 | PA      | $7883527.38   | 0.62%             | 2054-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | ZAR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $775575.30    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                          | United States Treasury Note/Bond                         | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  155120000 | PA      | $155677462.50 | 12.27%            | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 3618N5C72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    7257339 | PA      | $7394216.01   | 0.58%             | 2054-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YKT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   11593386 | PA      | $11858020.49  | 0.93%             | 2053-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | USD/ZAR FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-1098368.21  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | KRW/USD FORWARD                                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2759216.49  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                          | United States Treasury Floating Rate Note                | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  129470000 | PA      | $129408229.86 | 10.20%            | 2027-04-30      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | EUR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $2784411.61   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                      | Egypt Treasury Bills                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |  959000000 | PA      | $18390293.66  | 1.45%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                   | General Motors Financial Co Inc                          | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   11600000 | PA      | $11665848.91  | 0.92%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YML5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   28753184 | PA      | $29409522.71  | 2.32%             | 2053-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                  | Hungary Government Bond                                  | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        | 2104000000 | PA      | $6397123.76   | 0.50%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179Y5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   24767254 | PA      | $25260698.03  | 1.99%             | 2054-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/MXN FORWARD                                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-1689655.30  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)                                         | French Republic Government Bond OAT                      | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   35300000 | PA      | $33963163.54  | 2.68%             | 2055-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | EUR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $27938.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                          | United States Treasury Floating Rate Note                | CUSIP: 91282CNQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  129450000 | PA      | $129359071.73 | 10.20%            | 2027-07-31      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | GBP/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-255380.40   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                    | Toronto-Dominion Bank/The                                | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   11520000 | PA      | $11586166.73  | 0.91%             | 2026-12-17      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YHT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   26422837 | PA      | $27033406.66  | 2.13%             | 2053-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | USD/CAD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $22138.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                      | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    7790000 | PA      | $6412221.65   | 0.51%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp                                 | CUSIP: 89236TKT1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   10710000 | PA      | $10744144.34  | 0.85%             | 2026-05-18      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                  | Mexican Bonos                                            | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  249600000 | PA      | $11976140.55  | 0.94%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                      | Egypt Treasury Bills                                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        | 1050000000 | PA      | $21784237.65  | 1.72%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36180AAG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   25531089 | PA      | $26027327.13  | 2.05%             | 2054-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | EGP/USD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $524298.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | CNH/USD FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-197971.42   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                 | Brazil Notas do Tesouro Nacional Serie F                 | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  417780000 | PA      | $64252146.30  | 5.06%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                                      | United Kingdom Gilt                                      | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   99760000 | PA      | $56023175.98  | 4.42%             | 2051-07-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/JPY FORWARD                                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $4648.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                                      | United Kingdom Gilt                                      | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   63630000 | PA      | $71619324.83  | 5.64%             | 2054-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                  | Mexican Bonos                                            | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        | 1611900000 | PA      | $76687873.58  | 6.04%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | KRW/USD FORWARD                                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $302031.40    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | INR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-740304.10   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT                                      | United Kingdom Gilt                                      | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   98510000 | PA      | $128817721.88 | 10.15%            | 2034-07-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | USD/SEK FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $766594.84    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | USD/CLP FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-539174.72   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | CAD/USD FORWARD                                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2512098.17  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | SEK/USD FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $340033.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | USD/AUD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-702902.87   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | CLP/USD FORWARD                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-340774.97   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YYX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   18029874 | PA      | $18400848.33  | 1.45%             | 2054-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | CAD/USD FORWARD                                          | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $239281.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                          | United States Treasury Note/Bond                         | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  121340000 | PA      | $121757106.25 | 9.60%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | USD/CNH FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-138281.91   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179YW67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   13064567 | PA      | $13337051.06  | 1.05%             | 2054-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | USD/EUR FORWARD                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-727433.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Premier Institutional US Treasury Reserves | Western Asset Premier Institutional US Treasury Reserves | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        |   10021850 | NS      | $10021849.98  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | USD/AUD FORWARD                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $306472.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                           | Ginnie Mae II Pool                                       | CUSIP: 36179Y2M5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   24931012 | PA      | $25434380.84  | 2.00%             | 2054-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Legg Mason Global Asset Management Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer