Λ ʌ : Turned V (also called a wedge, a caret, or a hat), which represents an open-mid back unrounded vowel in the IPA
lˈæmdə tˈɜːndvˈiː : tˈɜːnd vˈiː ˈɔːlsoʊ kˈɔːld ɐ wˈɛdʒ, ɐ kˈæɹət, ɔːɹ ɐ hˈæt, wˌɪtʃ ɹˌɛpɹᵻzˈɛnts ɐn ˈoʊpənmˈɪd bˈæk ʌnɹˈaʊndᵻd vˈaʊəl ɪnðɪ ˌaɪpˌiːˈeɪ