LVHI Franklin International Low Volatility High Dividend Index ETF

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549 

SCHEDULE 14A  

Proxy Statement Pursuant to Section 14(a) of the Securities 

Exchange Act of 1934  

Filed by the Registrant [X]  

Filed by a Party other than the Registrant [   ]  

Check the appropriate box:  

[   ]  Preliminary Proxy Statement  

[   ]  Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))  

[   ]Definitive Proxy Statement  

[X]Definitive Additional Materials  

[   ] Soliciting Material Pursuant to §240.14a-12 

LEGG MASON PARTNERS EQUITY TRUST 

LEGG MASON ETF INVESTMENT TRUST 

LEGG MASON PARTNERS VARIABLE EQUITY TRUST 

(Name of Registrant(s) as Specified In Its Charter)  

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)  

Payment of Filing Fee (Check the appropriate box):  

[X]         No fee required.  

[   ]         Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.  

                     1)    Title of each class of securities to which transaction applies:  

                      3)    Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):  

                      4)Proposed maximum aggregate value of transaction:  

[  ]          Fee paid previously with preliminary materials.  

[  ]          Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.  

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         4)    Date Filed:  

SHAREHOLDERS IN LEGG MASON-SPONSORED FUNDS  

IMPORTANT NOTICE: 

Please exercise your right to vote as soon as possible! 

Dear Shareholder: 

We recently sent you proxy materials concerning important proposals to approve new agreements between your Legg Mason-sponsored fund(s) and its investment manager and subadviser(s).  

For fund operations to continue uninterrupted, shareholders are asked to vote to approve the new agreements. They will be identical to the current agreements, except for the dates of execution, effectiveness and termination. 

This letter was sent because you held shares in the fund(s) on the record date and we have not received your vote. 

YOUR FUND BOARD(S) UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSALS 

YOUR VOTE IS VERY IMPORTANT 

VOTING NOW HELPS MINIMIZE PROXY COSTS, AVOIDS UNNECESSARY COMMUNICATIONS AND ELIMINATES PHONE CALLS TO SHAREHOLDERS 

Please vote using one of these options: 

Log on to the website or scan the QR code shown on your proxy card. Please have your proxy card in hand to access your control number (located in the box) and follow the on-screen instructions. 

Call the toll-free number listed on your proxy card. Please have your proxy card in hand to access your control number (located in the box) and follow the recorded instructions.    

Complete, sign and date the proxy card and then return it in the enclosed postage paid envelope. 

The proxy materials we sent contain important information regarding proposals you and other shareholders are being asked to consider. Please read the materials carefully. If you have questions regarding the proposals, or need assistance with voting, please call Computershare Fund Services, the funds’ proxy solicitor, toll free at 1-866-963-5819.   

Thank you for your prompt attention to this matter. If you have already voted, we appreciate your participation. 

LMReminder2020 

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