# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-26-008682
**Filing Date:** 2026-2
**Character Count:** 105660
**Document Hash:** ac9bac20b617146d2d1c11c4234a3c7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008682.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008682

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**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:** 26687484

**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

### Franklin International Equity Fund (Series ID: S000036893)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112910 | Class FI     | LGFEX           |
| C000112911 | Class R      | LMIRX           |
| C000112913 | Class I      | LGIEX           |
| C000112914 | Class IS     | LIESX           |
| C000112915 | Class A      | LMEAX           |
| C000112916 | Class C      | LMGEX           |

## Nport-Ex

Schedule of Investments (unaudited)

December 31, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Common Stocks — 98.9%** | **Common Stocks — 98.9%** | **Common Stocks — 98.9%** |
| **Communication Services — 4.4%** | **Communication Services — 4.4%** | **Communication Services — 4.4%** |
| *Diversified Telecommunication Services — 1.8%* | *Diversified Telecommunication Services — 1.8%* | *Diversified Telecommunication Services — 1.8%* |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG, Registered Shares | &nbsp;&nbsp; 86982 | &nbsp;&nbsp;&nbsp; $2831356<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Singapore Telecommunications Ltd. | &nbsp;&nbsp; 506700 | &nbsp;&nbsp;&nbsp; 1792704<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp; 64679 | &nbsp;&nbsp;&nbsp; 940720<br> <sup>(a)</sup><br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *5564780* |
| *Entertainment — 1.2%* | *Entertainment — 1.2%* | *Entertainment — 1.2%* |
| &nbsp;&nbsp;&nbsp; Konami Group Corp. | &nbsp;&nbsp; 13100 | &nbsp;&nbsp;&nbsp; 1779076<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Spotify Technology SA | &nbsp;&nbsp; 1761 | &nbsp;&nbsp;&nbsp; 1,022,630<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Toho Co. Ltd. | &nbsp;&nbsp; 17100 | &nbsp;&nbsp;&nbsp; 871157<br>|
| *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *3672863* |
| *Interactive Media & Services — 0.7%* | *Interactive Media & Services — 0.7%* | *Interactive Media & Services — 0.7%* |
| &nbsp;&nbsp;&nbsp; Auto Trader Group PLC | &nbsp;&nbsp; 97801 | &nbsp;&nbsp;&nbsp; 771588<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; LY Corp. | &nbsp;&nbsp; 486500 | &nbsp;&nbsp;&nbsp; 1294551<br> <sup>(a)</sup><br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *2066139* |
| *Wireless Telecommunication Services — 0.7%* | *Wireless Telecommunication Services — 0.7%* | *Wireless Telecommunication Services — 0.7%* |
| &nbsp;&nbsp;&nbsp; SoftBank Group Corp. | &nbsp;&nbsp; 7600 | &nbsp;&nbsp;&nbsp; 213205<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vodafone Group PLC | &nbsp;&nbsp; 1509177 | &nbsp;&nbsp;&nbsp; 2011747<br> <sup>(a)</sup><br>|
| *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | &nbsp;&nbsp; *2224952* |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **13528734** |
| **Consumer Discretionary — 11.6%** | **Consumer Discretionary — 11.6%** | **Consumer Discretionary — 11.6%** |
| *Automobile Components — 0.5%* | *Automobile Components — 0.5%* | *Automobile Components — 0.5%* |
| &nbsp;&nbsp;&nbsp; Aisin Corp. | &nbsp;&nbsp; 17300 | &nbsp;&nbsp;&nbsp; 324137<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp; 16414 | &nbsp;&nbsp;&nbsp; 1302664<br> <sup>(a)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *1626801* |
| *Automobiles — 2.5%* | *Automobiles — 2.5%* | *Automobiles — 2.5%* |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp; 32515 | &nbsp;&nbsp;&nbsp; 2254008<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp; 79500 | &nbsp;&nbsp;&nbsp; 1711732<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Suzuki Motor Corp. | &nbsp;&nbsp; 121200 | &nbsp;&nbsp;&nbsp; 1812603<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp; 79900 | &nbsp;&nbsp;&nbsp; 1716020<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *7494363* |
| *Broadline Retail — 1.2%* | *Broadline Retail — 1.2%* | *Broadline Retail — 1.2%* |
| &nbsp;&nbsp;&nbsp; Next PLC | &nbsp;&nbsp; 11511 | &nbsp;&nbsp;&nbsp; 2119177<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ryohin Keikaku Co. Ltd. | &nbsp;&nbsp; 84800 | &nbsp;&nbsp;&nbsp; 1497353<br> <sup>(a)</sup><br>|
| *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *3616530* |
| *Hotels, Restaurants & Leisure — 0.8%* | *Hotels, Restaurants & Leisure — 0.8%* | *Hotels, Restaurants & Leisure — 0.8%* |
| &nbsp;&nbsp;&nbsp; Aristocrat Leisure Ltd. | &nbsp;&nbsp; 10057 | &nbsp;&nbsp;&nbsp; 389350<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. | &nbsp;&nbsp; 117000 | &nbsp;&nbsp;&nbsp; 576906<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; INTERCONTINENTAL HOTELS GROUP PLC | &nbsp;&nbsp; 10436 | &nbsp;&nbsp;&nbsp; 1466559<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *2432815* |
| *Household Durables — 1.8%* | *Household Durables — 1.8%* | *Household Durables — 1.8%* |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp; 136600 | &nbsp;&nbsp;&nbsp; 1770888<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | &nbsp;&nbsp; 141600 | &nbsp;&nbsp;&nbsp; 3632180<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *5403068* |
| *Leisure Products — 0.4%* | *Leisure Products — 0.4%* | *Leisure Products — 0.4%* |
| &nbsp;&nbsp;&nbsp; Bandai Namco Holdings Inc. | &nbsp;&nbsp; 49600 | &nbsp;&nbsp;&nbsp;&nbsp; *1320158*<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

December 31, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Specialty Retail — 1.1%* | *Specialty Retail — 1.1%* | *Specialty Retail — 1.1%* |
| &nbsp;&nbsp;&nbsp; Industria de Diseno Textil SA | &nbsp;&nbsp; 26993 | &nbsp;&nbsp;&nbsp; $1780585<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kingfisher PLC | &nbsp;&nbsp; 396858 | &nbsp;&nbsp;&nbsp; 1670594<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *3451179* |
| *Textiles, Apparel & Luxury Goods — 3.3%* | *Textiles, Apparel & Luxury Goods — 3.3%* | *Textiles, Apparel & Luxury Goods — 3.3%* |
| &nbsp;&nbsp;&nbsp; Asics Corp. | &nbsp;&nbsp; 69600 | &nbsp;&nbsp;&nbsp; 1670850<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA, Registered Shares | &nbsp;&nbsp; 10763 | &nbsp;&nbsp;&nbsp; 2321052<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hermes International SCA | &nbsp;&nbsp; 976 | &nbsp;&nbsp;&nbsp; 2423262<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp; 3094 | &nbsp;&nbsp;&nbsp; 2332059<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pandora A/S | &nbsp;&nbsp; 10271 | &nbsp;&nbsp;&nbsp; 1135829<br> <sup>(a)</sup><br>|
| *Total Textiles, Apparel & Luxury Goods* | *Total Textiles, Apparel & Luxury Goods* | &nbsp;&nbsp; *9883052* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **35227966** |
| **Consumer Staples — 6.8%** | **Consumer Staples — 6.8%** | **Consumer Staples — 6.8%** |
| *Consumer Staples Distribution & Retail — 1.6%* | *Consumer Staples Distribution & Retail — 1.6%* | *Consumer Staples Distribution & Retail — 1.6%* |
| &nbsp;&nbsp;&nbsp; Empire Co. Ltd., Class A Shares | &nbsp;&nbsp; 36400 | &nbsp;&nbsp;&nbsp; 1265533<br>|
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp; 48120 | &nbsp;&nbsp;&nbsp; 1973252<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Loblaw Cos. Ltd. | &nbsp;&nbsp; 17212 | &nbsp;&nbsp;&nbsp; 778117<br>|
| &nbsp;&nbsp;&nbsp; Tesco PLC | &nbsp;&nbsp; 166801 | &nbsp;&nbsp;&nbsp; 991937<br> <sup>(a)</sup><br>|
| *Total Consumer Staples Distribution & Retail* | *Total Consumer Staples Distribution & Retail* | &nbsp;&nbsp; *5008839* |
| *Food Products — 2.2%* | *Food Products — 2.2%* | *Food Products — 2.2%* |
| &nbsp;&nbsp;&nbsp; Nestle SA, Registered Shares | &nbsp;&nbsp; 49870 | &nbsp;&nbsp;&nbsp; 4950053<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; WH Group Ltd. | &nbsp;&nbsp; 1515000 | &nbsp;&nbsp;&nbsp; 1687731<br> <sup>(a)(b)</sup><br>|
| *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *6637784* |
| *Personal Care Products — 2.5%* | *Personal Care Products — 2.5%* | *Personal Care Products — 2.5%* |
| &nbsp;&nbsp;&nbsp; Kao Corp. | &nbsp;&nbsp; 35800 | &nbsp;&nbsp;&nbsp; 1428834<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; L'Oreal SA | &nbsp;&nbsp; 6727 | &nbsp;&nbsp;&nbsp; 2888009<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Unilever PLC | &nbsp;&nbsp; 47948 | &nbsp;&nbsp;&nbsp; 3132787<br> <sup>(a)</sup><br>|
| *Total Personal Care Products* | *Total Personal Care Products* | &nbsp;&nbsp; *7449630* |
| *Tobacco — 0.5%* | *Tobacco — 0.5%* | *Tobacco — 0.5%* |
| &nbsp;&nbsp;&nbsp; Imperial Brands PLC | &nbsp;&nbsp; 36460 | &nbsp;&nbsp;&nbsp;&nbsp; *1530962*<br> <sup>(a)</sup><br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **20627215** |
| **Energy — 2.7%** | **Energy — 2.7%** | **Energy — 2.7%** |
| *Oil, Gas & Consumable Fuels — 2.7%* | *Oil, Gas & Consumable Fuels — 2.7%* | *Oil, Gas & Consumable Fuels — 2.7%* |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings Inc. | &nbsp;&nbsp; 223300 | &nbsp;&nbsp;&nbsp; 1579871<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp; 58310 | &nbsp;&nbsp;&nbsp; 1375056<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp; 93000 | &nbsp;&nbsp;&nbsp; 1860050<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Parex Resources Inc. | &nbsp;&nbsp; 66200 | &nbsp;&nbsp;&nbsp; 889869<br>|
| &nbsp;&nbsp;&nbsp; Shell PLC | &nbsp;&nbsp; 41028 | &nbsp;&nbsp;&nbsp; 1511974<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp; 14436 | &nbsp;&nbsp;&nbsp; 941199<br> <sup>(a)</sup><br>|
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **8158019** |
| **Financials — 23.3%** | **Financials — 23.3%** | **Financials — 23.3%** |
| *Banks — 14.3%* | *Banks — 14.3%* | *Banks — 14.3%* |
| &nbsp;&nbsp;&nbsp; AIB Group PLC | &nbsp;&nbsp; 215132 | &nbsp;&nbsp;&nbsp; 2299836<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp; 451555 | &nbsp;&nbsp;&nbsp; 1779510<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp; 408445 | &nbsp;&nbsp;&nbsp; 4807598<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC | &nbsp;&nbsp; 464239 | &nbsp;&nbsp;&nbsp; 2971654<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp; 29044 | &nbsp;&nbsp;&nbsp; 2747767<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia | &nbsp;&nbsp; 10236 | &nbsp;&nbsp;&nbsp; 1092581<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp; 88348 | &nbsp;&nbsp;&nbsp; $1818898<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp; 14192 | &nbsp;&nbsp;&nbsp; 395400<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC | &nbsp;&nbsp; 348616 | &nbsp;&nbsp;&nbsp; 5485801<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp; 93162 | &nbsp;&nbsp;&nbsp; 2618619<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp; 420831 | &nbsp;&nbsp;&nbsp; 2907987<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC | &nbsp;&nbsp; 475281 | &nbsp;&nbsp;&nbsp; 628661<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group Inc. | &nbsp;&nbsp; 41400 | &nbsp;&nbsp;&nbsp; 657062<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NatWest Group PLC | &nbsp;&nbsp; 319928 | &nbsp;&nbsp;&nbsp; 2806499<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp; 32541 | &nbsp;&nbsp;&nbsp; 2619681<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC | &nbsp;&nbsp; 96147 | &nbsp;&nbsp;&nbsp; 2346029<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group Inc. | &nbsp;&nbsp; 10300 | &nbsp;&nbsp;&nbsp; 331263<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank | &nbsp;&nbsp; 3900 | &nbsp;&nbsp;&nbsp; 367567<br>|
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp; 44131 | &nbsp;&nbsp;&nbsp; 3655225<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. | &nbsp;&nbsp; 48877 | &nbsp;&nbsp;&nbsp; 1254258<br> <sup>(a)</sup><br>|
| *Total Banks* | *Total Banks* | &nbsp;&nbsp; *43591896* |
| *Capital Markets — 3.0%* | *Capital Markets — 3.0%* | *Capital Markets — 3.0%* |
| &nbsp;&nbsp;&nbsp; 3i Group PLC | &nbsp;&nbsp; 48366 | &nbsp;&nbsp;&nbsp; 2120793<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG, Registered Shares | &nbsp;&nbsp; 85653 | &nbsp;&nbsp;&nbsp; 3300993<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Onex Corp. | &nbsp;&nbsp; 17716 | &nbsp;&nbsp;&nbsp; 1458016<br>|
| &nbsp;&nbsp;&nbsp; Singapore Exchange Ltd. | &nbsp;&nbsp; 107100 | &nbsp;&nbsp;&nbsp; 1409857<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Registered Shares | &nbsp;&nbsp; 20850 | &nbsp;&nbsp;&nbsp; 962740<br> <sup>(a)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *9252399* |
| *Financial Services — 0.4%* | *Financial Services — 0.4%* | *Financial Services — 0.4%* |
| &nbsp;&nbsp;&nbsp; Industrivarden AB, Class A Shares | &nbsp;&nbsp; 8400 | &nbsp;&nbsp;&nbsp; 376306<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp; 26700 | &nbsp;&nbsp;&nbsp; 780903<br> <sup>(a)</sup><br>|
| *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *1157209* |
| *Insurance — 5.6%* | *Insurance — 5.6%* | *Insurance — 5.6%* |
| &nbsp;&nbsp;&nbsp; Aegon Ltd. | &nbsp;&nbsp; 110237 | &nbsp;&nbsp;&nbsp; 857236<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp; 81200 | &nbsp;&nbsp;&nbsp; 835799<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allianz SE, Registered Shares | &nbsp;&nbsp; 8797 | &nbsp;&nbsp;&nbsp; 4067533<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp; 24773 | &nbsp;&nbsp;&nbsp; 1188634<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Japan Post Holdings Co. Ltd. | &nbsp;&nbsp; 69100 | &nbsp;&nbsp;&nbsp; 729103<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Japan Post Insurance Co. Ltd. | &nbsp;&nbsp; 56100 | &nbsp;&nbsp;&nbsp; 1687127<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings Inc. | &nbsp;&nbsp; 37400 | &nbsp;&nbsp;&nbsp; 878041<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares | &nbsp;&nbsp; 3153 | &nbsp;&nbsp;&nbsp; 2074946<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp; 21356 | &nbsp;&nbsp;&nbsp; 1647501<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sompo Holdings Inc. | &nbsp;&nbsp; 49000 | &nbsp;&nbsp;&nbsp; 1663169<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Suncorp Group Ltd. | &nbsp;&nbsp; 126048 | &nbsp;&nbsp;&nbsp; 1479689<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *17108778* |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **71110282** |
| **Health Care — 12.8%** | **Health Care — 12.8%** | **Health Care — 12.8%** |
| *Biotechnology — 0.6%* | *Biotechnology — 0.6%* | *Biotechnology — 0.6%* |
| &nbsp;&nbsp;&nbsp; Genmab A/S | &nbsp;&nbsp; 5611 | &nbsp;&nbsp;&nbsp; *1,739,321*<br> \*<sup>(a)</sup><br>|
| *Health Care Equipment & Supplies — 1.3%* | *Health Care Equipment & Supplies — 1.3%* | *Health Care Equipment & Supplies — 1.3%* |
| &nbsp;&nbsp;&nbsp; Hoya Corp. | &nbsp;&nbsp; 6200 | &nbsp;&nbsp;&nbsp; 940352<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Olympus Corp. | &nbsp;&nbsp; 56300 | &nbsp;&nbsp;&nbsp; 713842<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Smith & Nephew PLC | &nbsp;&nbsp; 87560 | &nbsp;&nbsp;&nbsp; 1456206<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

December 31, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Health Care Equipment & Supplies — continued* | *Health Care Equipment & Supplies — continued* | *Health Care Equipment & Supplies — continued* |
| &nbsp;&nbsp;&nbsp; Sonova Holding AG, Registered Shares | &nbsp;&nbsp; 2542 | &nbsp;&nbsp;&nbsp; $657531<br> <sup>(a)</sup><br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *3767931* |
| *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* | *Health Care Technology — 0.2%* |
| &nbsp;&nbsp;&nbsp; Pro Medicus Ltd. | &nbsp;&nbsp; 4862 | &nbsp;&nbsp;&nbsp;&nbsp; *714049*<br> <sup>(a)</sup><br>|
| *Pharmaceuticals — 10.7%* | *Pharmaceuticals — 10.7%* | *Pharmaceuticals — 10.7%* |
| &nbsp;&nbsp;&nbsp; Astellas Pharma Inc. | &nbsp;&nbsp; 141900 | &nbsp;&nbsp;&nbsp; 1888620<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AstraZeneca PLC | &nbsp;&nbsp; 27996 | &nbsp;&nbsp;&nbsp; 5180922<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chugai Pharmaceutical Co. Ltd. | &nbsp;&nbsp; 32800 | &nbsp;&nbsp;&nbsp; 1720739<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GSK PLC | &nbsp;&nbsp; 127422 | &nbsp;&nbsp;&nbsp; 3124033<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ipsen SA | &nbsp;&nbsp; 5206 | &nbsp;&nbsp;&nbsp; 726391<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Novartis AG, Registered Shares | &nbsp;&nbsp; 39503 | &nbsp;&nbsp;&nbsp; 5443355<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B Shares | &nbsp;&nbsp; 44368 | &nbsp;&nbsp;&nbsp; 2250277<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Otsuka Holdings Co. Ltd. | &nbsp;&nbsp; 33600 | &nbsp;&nbsp;&nbsp; 1900390<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Roche Holding AG, Vienna Stock Exchange | &nbsp;&nbsp; 15261 | &nbsp;&nbsp;&nbsp; 6302339<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp; 26788 | &nbsp;&nbsp;&nbsp; 2591879<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp; 81500 | &nbsp;&nbsp;&nbsp; 1475136<br> <sup>(a)</sup><br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *32604081* |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **38825382** |
| **Industrials — 17.8%** | **Industrials — 17.8%** | **Industrials — 17.8%** |
| *Aerospace & Defense — 3.2%* | *Aerospace & Defense — 3.2%* | *Aerospace & Defense — 3.2%* |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp; 2908 | &nbsp;&nbsp;&nbsp; 675307<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BAE Systems PLC | &nbsp;&nbsp; 86639 | &nbsp;&nbsp;&nbsp; 1994002<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC | &nbsp;&nbsp; 242893 | &nbsp;&nbsp;&nbsp; 3756513<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp; 9574 | &nbsp;&nbsp;&nbsp; 3334788<br> <sup>(a)</sup><br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *9760610* |
| *Air Freight & Logistics — 0.2%* | *Air Freight & Logistics — 0.2%* | *Air Freight & Logistics — 0.2%* |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG, Registered Shares | &nbsp;&nbsp; 13768 | &nbsp;&nbsp;&nbsp;&nbsp; *750710*<br> <sup>(a)</sup><br>|
| *Building Products — 1.0%* | *Building Products — 1.0%* | *Building Products — 1.0%* |
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain SA | &nbsp;&nbsp; 11436 | &nbsp;&nbsp;&nbsp; 1162948<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Geberit AG, Registered Shares | &nbsp;&nbsp; 2233 | &nbsp;&nbsp;&nbsp; 1734199<br> <sup>(a)</sup><br>|
| *Total Building Products* | *Total Building Products* | &nbsp;&nbsp; *2897147* |
| *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* |
| &nbsp;&nbsp;&nbsp; Brambles Ltd. | &nbsp;&nbsp; 73042 | &nbsp;&nbsp;&nbsp;&nbsp; *1115375*<br> <sup>(a)</sup><br>|
| *Construction & Engineering — 1.2%* | *Construction & Engineering — 1.2%* | *Construction & Engineering — 1.2%* |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp; 23153 | &nbsp;&nbsp;&nbsp; 2298290<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp; 10538 | &nbsp;&nbsp;&nbsp; 1509879<br> <sup>(a)</sup><br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *3808169* |
| *Electrical Equipment — 1.8%* | *Electrical Equipment — 1.8%* | *Electrical Equipment — 1.8%* |
| &nbsp;&nbsp;&nbsp; ABB Ltd., Registered Shares | &nbsp;&nbsp; 36382 | &nbsp;&nbsp;&nbsp; 2681992<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | &nbsp;&nbsp; 3511 | &nbsp;&nbsp;&nbsp; 960522<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | &nbsp;&nbsp; 71913 | &nbsp;&nbsp;&nbsp; 1945047<br> <sup>(a)</sup><br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *5587561* |
| *Ground Transportation — 0.8%* | *Ground Transportation — 0.8%* | *Ground Transportation — 0.8%* |
| &nbsp;&nbsp;&nbsp; Central Japan Railway Co. | &nbsp;&nbsp; 62200 | &nbsp;&nbsp;&nbsp; 1722940<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Seibu Holdings Inc. | &nbsp;&nbsp; 25600 | &nbsp;&nbsp;&nbsp; 703400<br> <sup>(a)</sup><br>|
| *Total Ground Transportation* | *Total Ground Transportation* | &nbsp;&nbsp; *2426340* |

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Industrial Conglomerates — 0.7%* | *Industrial Conglomerates — 0.7%* | *Industrial Conglomerates — 0.7%* |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp; 28900 | &nbsp;&nbsp;&nbsp; $906349<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Siemens AG, Registered Shares | &nbsp;&nbsp; 4700 | &nbsp;&nbsp;&nbsp; 1316360<br> <sup>(a)</sup><br>|
| *Total Industrial Conglomerates* | *Total Industrial Conglomerates* | &nbsp;&nbsp; *2222709* |
| *Machinery — 3.7%* | *Machinery — 3.7%* | *Machinery — 3.7%* |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class A Shares | &nbsp;&nbsp; 36014 | &nbsp;&nbsp;&nbsp; 641142<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GEA Group AG | &nbsp;&nbsp; 21875 | &nbsp;&nbsp;&nbsp; 1478362<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Makita Corp. | &nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp; 1242668<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp; 113700 | &nbsp;&nbsp;&nbsp; 2775694<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Schindler Holding AG | &nbsp;&nbsp; 3895 | &nbsp;&nbsp;&nbsp; 1464774<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wartsila oyj Abp | &nbsp;&nbsp; 54153 | &nbsp;&nbsp;&nbsp; 1917266<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 614000 | &nbsp;&nbsp;&nbsp; 1658716<br> <sup>(a)</sup><br>|
| *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *11178622* |
| *Marine Transportation — 1.1%* | *Marine Transportation — 1.1%* | *Marine Transportation — 1.1%* |
| &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, Class B Shares | &nbsp;&nbsp; 761 | &nbsp;&nbsp;&nbsp; 1746154<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; SITC International Holdings Co. Ltd. | &nbsp;&nbsp; 413000 | &nbsp;&nbsp;&nbsp; 1477877<br> <sup>(a)</sup><br>|
| *Total Marine Transportation* | *Total Marine Transportation* | &nbsp;&nbsp; *3224031* |
| *Passenger Airlines — 0.3%* | *Passenger Airlines — 0.3%* | *Passenger Airlines — 0.3%* |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp; 183526 | &nbsp;&nbsp;&nbsp;&nbsp; *1019012*<br> <sup>(a)</sup><br>|
| *Professional Services — 1.7%* | *Professional Services — 1.7%* | *Professional Services — 1.7%* |
| &nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. | &nbsp;&nbsp; 47200 | &nbsp;&nbsp;&nbsp; 2652243<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; RELX PLC | &nbsp;&nbsp; 42322 | &nbsp;&nbsp;&nbsp; 1705019<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wolters Kluwer NV | &nbsp;&nbsp; 7152 | &nbsp;&nbsp;&nbsp; 740779<br> <sup>(a)</sup><br>|
| *Total Professional Services* | *Total Professional Services* | &nbsp;&nbsp; *5098041* |
| *Trading Companies & Distributors — 1.1%* | *Trading Companies & Distributors — 1.1%* | *Trading Companies & Distributors — 1.1%* |
| &nbsp;&nbsp;&nbsp; AerCap Holdings NV | &nbsp;&nbsp; 13385 | &nbsp;&nbsp;&nbsp; 1924228<br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. | &nbsp;&nbsp; 13900 | &nbsp;&nbsp;&nbsp; 317930<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp; 35200 | &nbsp;&nbsp;&nbsp; 1186916<br> <sup>(a)</sup><br>|
| *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | &nbsp;&nbsp; *3429074* |
| *Transportation Infrastructure — 0.6%* | *Transportation Infrastructure — 0.6%* | *Transportation Infrastructure — 0.6%* |
| &nbsp;&nbsp;&nbsp; Aena SME SA | &nbsp;&nbsp; 65527 | &nbsp;&nbsp;&nbsp;&nbsp; *1830881*<br> <sup>(a)(b)</sup><br>|
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **54348282** |
| **Information Technology — 9.8%** | **Information Technology — 9.8%** | **Information Technology — 9.8%** |
| *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* | *Communications Equipment — 0.5%* |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B Shares | &nbsp;&nbsp; 147616 | &nbsp;&nbsp;&nbsp;&nbsp; *1436605*<br> <sup>(a)</sup><br>|
| *Electronic Equipment, Instruments & Components — 0.5%* | *Electronic Equipment, Instruments & Components — 0.5%* | *Electronic Equipment, Instruments & Components — 0.5%* |
| &nbsp;&nbsp;&nbsp; Yokogawa Electric Corp. | &nbsp;&nbsp; 47900 | &nbsp;&nbsp;&nbsp;&nbsp; *1536180*<br> <sup>(a)</sup><br>|
| *Semiconductors & Semiconductor Equipment — 5.4%* | *Semiconductors & Semiconductor Equipment — 5.4%* | *Semiconductors & Semiconductor Equipment — 5.4%* |
| &nbsp;&nbsp;&nbsp; Advantest Corp. | &nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp; 3540542<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp; 7533 | &nbsp;&nbsp;&nbsp; 8116959<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lasertec Corp. | &nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; 285814<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; SCREEN Holdings Co. Ltd. | &nbsp;&nbsp; 14100 | &nbsp;&nbsp;&nbsp; 1373401<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tokyo Electron Ltd. | &nbsp;&nbsp; 14900 | &nbsp;&nbsp;&nbsp; 3318638<br> <sup>(a)</sup><br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *16635354* |
| *Software — 2.9%* | *Software — 2.9%* | *Software — 2.9%* |
| &nbsp;&nbsp;&nbsp; Check Point Software Technologies Ltd. | &nbsp;&nbsp; 8998 | &nbsp;&nbsp;&nbsp; 1,669,669<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Nice Ltd. | &nbsp;&nbsp; 11924 | &nbsp;&nbsp;&nbsp; 1,347,853<br> \*<sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sage Group PLC | &nbsp;&nbsp; 77991 | &nbsp;&nbsp;&nbsp; 1134339<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

December 31, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Software — continued* | *Software — continued* | *Software — continued* |
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp; 19279 | &nbsp;&nbsp;&nbsp; $4684191<br> <sup>(a)</sup><br>|
| *Total Software* | *Total Software* | &nbsp;&nbsp; *8836052* |
| *Technology Hardware, Storage & Peripherals — 0.5%* | *Technology Hardware, Storage & Peripherals — 0.5%* | *Technology Hardware, Storage & Peripherals — 0.5%* |
| &nbsp;&nbsp;&nbsp; Logitech International SA, Registered Shares | &nbsp;&nbsp; 14715 | &nbsp;&nbsp;&nbsp;&nbsp; *1493838*<br> <sup>(a)</sup><br>|
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **29938029** |
| **Materials — 4.3%** | **Materials — 4.3%** | **Materials — 4.3%** |
| *Chemicals — 0.9%* | *Chemicals — 0.9%* | *Chemicals — 0.9%* |
| &nbsp;&nbsp;&nbsp; Air Liquide SA | &nbsp;&nbsp; 4331 | &nbsp;&nbsp;&nbsp; 814028<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp; 65800 | &nbsp;&nbsp;&nbsp; 584880<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nitto Denko Corp. | &nbsp;&nbsp; 56500 | &nbsp;&nbsp;&nbsp; 1345249<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *2744157* |
| *Construction Materials — 0.9%* | *Construction Materials — 0.9%* | *Construction Materials — 0.9%* |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | &nbsp;&nbsp; 1147 | &nbsp;&nbsp;&nbsp; 297368<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Holcim AG | &nbsp;&nbsp; 24077 | &nbsp;&nbsp;&nbsp; 2343903<br> <sup>(a)</sup><br>|
| *Total Construction Materials* | *Total Construction Materials* | &nbsp;&nbsp; *2641271* |
| *Metals & Mining — 2.5%* | *Metals & Mining — 2.5%* | *Metals & Mining — 2.5%* |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp; 81667 | &nbsp;&nbsp;&nbsp; 2464639<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Evraz PLC | &nbsp;&nbsp; 161909 | &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp; 120099 | &nbsp;&nbsp;&nbsp; 1756147<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kinross Gold Corp. | &nbsp;&nbsp; 75600 | &nbsp;&nbsp;&nbsp; 2129391<br>|
| &nbsp;&nbsp;&nbsp; OceanaGold Corp. | &nbsp;&nbsp; 47733 | &nbsp;&nbsp;&nbsp; 1352821<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *7702998* |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **13088426** |
| **Real Estate — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |
| *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp; 63500 | &nbsp;&nbsp;&nbsp;&nbsp; *321112*<br> <sup>(a)</sup><br>|
| *Retail REITs — 0.3%* | *Retail REITs — 0.3%* | *Retail REITs — 0.3%* |
| &nbsp;&nbsp;&nbsp; Klepierre SA | &nbsp;&nbsp; 23806 | &nbsp;&nbsp;&nbsp;&nbsp; *941892*<br> <sup>(a)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **1263004** |
| **Utilities — 5.0%** | **Utilities — 5.0%** | **Utilities — 5.0%** |
| *Electric Utilities — 3.0%* | *Electric Utilities — 3.0%* | *Electric Utilities — 3.0%* |
| &nbsp;&nbsp;&nbsp; Acciona SA | &nbsp;&nbsp; 5307 | &nbsp;&nbsp;&nbsp; 1155012<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Endesa SA | &nbsp;&nbsp; 47471 | &nbsp;&nbsp;&nbsp; 1708784<br>|
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp; 261483 | &nbsp;&nbsp;&nbsp; 2718726<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp; 160554 | &nbsp;&nbsp;&nbsp; 3476539<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *9059061* |
| *Gas Utilities — 1.0%* | *Gas Utilities — 1.0%* | *Gas Utilities — 1.0%* |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp; 40900 | &nbsp;&nbsp;&nbsp; 1421148<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp; 1625423<br> <sup>(a)</sup><br>|
| *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *3046571* |
| *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp; 24920 | &nbsp;&nbsp;&nbsp;&nbsp; *1320432*<br> <sup>(a)</sup><br>|
| *Multi-Utilities — 0.6%* | *Multi-Utilities — 0.6%* | *Multi-Utilities — 0.6%* |
| &nbsp;&nbsp;&nbsp; Centrica PLC | &nbsp;&nbsp; 758847 | &nbsp;&nbsp;&nbsp;&nbsp; *1730217*<br> <sup>(a)</sup><br>|
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **15156281** |
| **Total Investments before Short-Term Investments (Cost — $236,549,630)** | **Total Investments before Short-Term Investments (Cost — $236,549,630)** | &nbsp;&nbsp; **301271620** |

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security | Rate | Shares | Value |
| **Short-Term Investments — 0.9%** | **Short-Term Investments — 0.9%** | **Short-Term Investments — 0.9%** | **Short-Term Investments — 0.9%** |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional Class (Cost — $2,754,007)  | &nbsp;&nbsp; 3.658% | &nbsp;&nbsp; 2754007<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$2754007**<br> <sup>(e)</sup><br>|
| **Total Investments — 99.8% (Cost — $239,303,637)** | **Total Investments — 99.8% (Cost — $239,303,637)** | **Total Investments — 99.8% (Cost — $239,303,637)** | &nbsp;&nbsp; **304025627** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; 727572 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$304753199** |

---

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

\* Non-income producing security.

<sup>(a)</sup> Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1).

<sup>(b)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees. 

<sup>(c)</sup> Security is valued using significant unobservable inputs (Note 1).

<sup>(d)</sup> Value is less than $1.

<sup>(e)</sup> Rate shown is one-day yield as of the end of the reporting period. 

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.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Franklin International Equity Fund (the "Fund") is a separate 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.** 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. 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. 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"). This may include using an independent third party pricing service to adjust the value of such securities to the latest indications of fair value at 4:00 p.m. (Eastern Time).

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.

------

Franklin International Equity Fund 2025 Quarterly Report

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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 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; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | &nbsp;&nbsp; $1893787 | &nbsp;&nbsp; $11634947 | &nbsp;&nbsp; — | &nbsp;&nbsp; $13528734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | &nbsp;&nbsp; 2043650 | &nbsp;&nbsp; 18583565 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20627215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | &nbsp;&nbsp; 889869 | &nbsp;&nbsp; 7268150 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8158019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; 1825583 | &nbsp;&nbsp; 69284699 | &nbsp;&nbsp; — | &nbsp;&nbsp; 71110282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | &nbsp;&nbsp; 1924228 | &nbsp;&nbsp; 52424054 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54348282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | &nbsp;&nbsp; 1669669 | &nbsp;&nbsp; 28268360 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29938029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | &nbsp;&nbsp; 3482212 | &nbsp;&nbsp; 9606214 | &nbsp;&nbsp; $0<br> \*\*<br>| &nbsp;&nbsp; 13088426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | &nbsp;&nbsp; 1708784 | &nbsp;&nbsp; 13447497 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15156281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 75316352 | &nbsp;&nbsp; — | &nbsp;&nbsp; 75316352 |
| Total Long-Term Investments | &nbsp;&nbsp; 15437782 | &nbsp;&nbsp; 285833838 | &nbsp;&nbsp; 0<br> \*\*<br>| &nbsp;&nbsp; 301271620 |
| Short-Term Investments† | &nbsp;&nbsp; 2754007 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2754007 |
| **Total Investments** | &nbsp;&nbsp; **$18191789** | &nbsp;&nbsp; **$285833838** | &nbsp;&nbsp; **$0**<br> **\*\***<br>| &nbsp;&nbsp; **$304025627** |

---

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

---

| | |
|:---|:---|
| \* | As a result of the fair value pricing procedures for international equities utilized by the Fund, which account for events occurring after the close of the <br> principal market of the security but prior to the calculation of the Fund's net asset value, certain securities were classified as Level 2 within the fair value <br> hierarchy.<br>|
| † | See Schedule of Investments for additional detailed categorizations. |
| \*\* | Amount represents less than $1. |

---

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Franklin International Equity Fund 2025 Quarterly Report

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## 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:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-800-691-6960

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

- **a. Name of Series:** Franklin International Equity Fund

- **b. EDGAR series identifier (if any):** S000036893

- **c. LEI of Series:** 549300NLP1WLJBNEZJ22

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $305127874.33

**Total Liabilities:** $447807.46

**Net Assets:** $304680066.87

**Cash Not Reported:** $396824.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112910 | 0.82%                | 0.63%                | 2.74%                |
| Class ID C000112911 | 0.77%                | 0.59%                | 2.72%                |
| Class ID C000112913 | 0.82%                | 0.68%                | 2.76%                |
| Class ID C000112914 | 0.82%                | 0.63%                | 2.81%                |
| Class ID C000112915 | 0.82%                | 0.62%                | 2.74%                |
| Class ID C000112916 | 0.75%                | 0.56%                | 2.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4699584.04              | $-2452812.55                               |
| Month 2  | $1315187.64              | $385306.13                                 |
| Month 3  | $3674381.27              | $4654801.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DNB Bank ASA                   | DNB Bank ASA                                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     14192 | NS      | $395400.17    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                      | Tesco PLC                                                 | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |    166801 | NS      | $991937.06    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings | MS&AD Insurance Group Holdings Inc                        | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     37400 | NS      | $878040.75    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     47200 | NS      | $2652242.65   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                        | GSK PLC                                                   | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    127422 | NS      | $3124032.81   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                       | Enel SpA                                                  | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    261483 | NS      | $2718726.40   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     29044 | NS      | $2747766.93   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccio | ACS Actividades de Construccion y Servicios SA            | CUSIP: 000000000<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |     23153 | NS      | $2298290.28   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Parex Resources Inc            | Parex Resources Inc                                       | CUSIP: 69946Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     66200 | NS      | $889869.22    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Evraz PLC                      | Evraz PLC                                                 | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | RU        |    161909 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Check Point Software Technolog | Check Point Software Technologies Ltd                     | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      8998 | NS      | $1669668.88   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                       | RELX PLC                                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     42322 | NS      | $1705018.71   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                                        | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |   1509177 | NS      | $2011747.01   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi | Yangzijiang Shipbuilding Holdings Ltd                     | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | CN        |    614000 | NS      | $1658716.18   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd                   | Brambles Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     73042 | NS      | $1115374.57   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd              | Suncorp Group Ltd                                         | CUSIP: 000000000<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |    126048 | NS      | $1479688.93   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG              | Sonova Holding AG                                         | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      2542 | NS      | $657530.94    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                         | RWE AG                                                    | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     24920 | NS      | $1320432.21   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                    | Novartis AG                                               | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     39503 | NS      | $5443355.16   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                                              | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     93162 | NS      | $2618619.28   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                         | SAP SE                                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     19279 | NS      | $4684190.32   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      4331 | NS      | $814028.62    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd | Galaxy Entertainment Group Ltd                            | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    117000 | NS      | $576905.70    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      1761 | NS      | $1022630.31   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA                               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     10763 | NS      | $2321052.20   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     27996 | NS      | $5180921.50   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA            | Intesa Sanpaolo SpA                                       | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    420831 | NS      | $2907986.60   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings Inc             | ENEOS Holdings Inc                                        | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    223300 | NS      | $1579871.01   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG               | Deutsche Bank AG                                          | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     85653 | NS      | $3300992.74   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      7533 | NS      | $8116959.43   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    160554 | NS      | $3476539.17   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Seibu Holdings Inc             | Seibu Holdings Inc                                        | CUSIP: 000000000<br>LEI: 353800JY9TYV9WTCN620 | Long             | EC               | CORP              | JP        |     25600 | NS      | $703400.11    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                  | UniCredit SpA                                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     44131 | NS      | $3655225.20   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                                   | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     71913 | NS      | $1945046.85   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Acciona SA                     | Acciona SA                                                | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      5307 | NS      | $1155011.87   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                                        | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    408445 | NS      | $4807598.03   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    319928 | NS      | $2806498.64   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd                  | Fortescue Ltd                                             | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    120099 | NS      | $1756147.15   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd         | Aristocrat Leisure Ltd                                    | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     10057 | NS      | $389350.69    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA                      | Endesa SA                                                 | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     47471 | NS      | $1708783.97   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd                   | WH Group Ltd                                              | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |   1515000 | NS      | $1687731.26   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co Ltd               | Tokyo Gas Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |     41000 | NS      | $1625423.17   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Aisin Corp                     | Aisin Corp                                                | CUSIP: 000000000<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |     17300 | NS      | $324137.32    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp                    | Subaru Corp                                               | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     79500 | NS      | $1711732.37   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                         | AXA SA                                                    | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     24773 | NS      | $1188634.41   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                   | GEA Group AG                                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     21875 | NS      | $1478361.79   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      3511 | NS      | $960522.75    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Co Ltd/Tokyo              | Toho Co Ltd/Tokyo                                         | CUSIP: 000000000<br>LEI: 529900IYHHYWU4O3H185 | Long             | EC               | CORP              | JP        |     17100 | NS      | $871156.79    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp                      | ORIX Corp                                                 | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     26700 | NS      | $780902.45    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA      | Logitech International SA                                 | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |     14715 | NS      | $1493838.14   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp            | SoftBank Group Corp                                       | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |      7600 | NS      | $213205.36    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The             | Sage Group PLC/The                                        | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     77991 | NS      | $1134339.19   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                                | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      6727 | NS      | $2888008.62   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC              | HSBC Holdings PLC                                         | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    348616 | NS      | $5485800.93   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd          | CK Asset Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     63500 | NS      | $321112.28    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                                    | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     32515 | NS      | $2254007.83   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      5611 | NS      | $1739320.70   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp         | Yokogawa Electric Corp                                    | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |     47900 | NS      | $1536180.13   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                                         | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     79900 | NS      | $1716020.08   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp               | Wartsila OYJ Abp                                          | CUSIP: 000000000<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     54153 | NS      | $1917266.22   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV  | Koninklijke Ahold Delhaize NV                             | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     48120 | NS      | $1973251.69   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                 | Continental AG                                            | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     16414 | NS      | $1302663.51   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp                | Mitsubishi Corp                                           | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     13900 | NS      | $317930.34    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                      | Airbus SE                                                 | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |      2908 | NS      | $675307.35    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                     | Geberit AG                                                | CUSIP: 000000000<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      2233 | NS      | $1734198.71   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA                             | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     26993 | NS      | $1780584.67   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     36014 | NS      | $641142.05    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp                       | Kao Corp                                                  | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     35800 | NS      | $1428833.73   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV              | Wolters Kluwer NV                                         | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      7152 | NS      | $740779.20    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA           | Banco de Sabadell SA                                      | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |    451555 | NS      | $1779510.46   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandai Namco Holdings Inc      | Bandai Namco Holdings Inc                                 | CUSIP: 000000000<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |     49600 | NS      | $1320157.91   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                  | Lasertec Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1500 | NS      | $285813.95    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group | Mitsubishi UFJ Financial Group Inc                        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     41400 | NS      | $657062.46    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson                           | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    147616 | NS      | $1436604.83   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd         | SCREEN Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     14100 | NS      | $1373401.37   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                      | Shell PLC                                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     41028 | NS      | $1511974.14   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc             | Sompo Holdings Inc                                        | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     49000 | NS      | $1663168.60   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Konami Group Corp              | Konami Group Corp                                         | CUSIP: 000000000<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |     13100 | NS      | $1779075.40   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                   | Centrica PLC                                              | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    758847 | NS      | $1730216.78   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Onex Corp                      | Onex Corp                                                 | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |     17716 | NS      | $1458015.64   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co Ltd               | Osaka Gas Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     40900 | NS      | $1421147.25   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| DHL GROUP                      | DHL GROUP                                                 | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     13768 | NS      | $750709.94    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia | Commonwealth Bank of Australia                            | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     10236 | NS      | $1092581.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                 | Kingfisher PLC                                            | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    396858 | NS      | $1670594.45   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                       | Next PLC                                                  | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     11511 | NS      | $2119177.05   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                      | Hoya Corp                                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      6200 | NS      | $940351.51    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC            | Imperial Brands PLC                                       | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     36460 | NS      | $1530961.93   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                      | Holcim AG                                                 | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     24077 | NS      | $2343903.58   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                       | Ipsen SA                                                  | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |      5206 | NS      | $726390.49    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp           | Westpac Banking Corp                                      | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     48877 | NS      | $1254258.45   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou | Sumitomo Mitsui Financial Group Inc                       | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     10300 | NS      | $331262.58    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB              | Industrivarden AB                                         | CUSIP: 000000000<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |      8400 | NS      | $376306.09    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE                       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      3094 | NS      | $2332058.43   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                  | AIB Group PLC                                             | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    215132 | NS      | $2299836.16   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group  | InterContinental Hotels Group PLC                         | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     10436 | NS      | $1466558.75   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                                        | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     14900 | NS      | $3318637.94   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                   | Klepierre SA                                              | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     23806 | NS      | $941891.81    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd         | Singapore Exchange Ltd                                    | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |    107100 | NS      | $1409857.43   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    141600 | NS      | $3632179.97   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                     | Eiffage SA                                                | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     10538 | NS      | $1509878.63   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio     | Invesco Treasury Portfolio                                | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   2502310 | NS      | $2502310.29   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                      | Safran SA                                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      9574 | NS      | $3334787.66   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA            | Societe Generale SA                                       | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     32541 | NS      | $2619681.25   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                    | Pandora A/S                                               | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     10271 | NS      | $1135829.39   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Air | International Consolidated Airlines Group SA              | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | GB        |    183526 | NS      | $1019011.79   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV             | AerCap Holdings NV                                        | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |     13385 | NS      | $1924227.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    464239 | NS      | $2971653.63   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Makita Corp                    | Makita Corp                                               | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     41000 | NS      | $1242668.04   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     86982 | NS      | $2831355.98   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp               | Asahi Kasei Corp                                          | CUSIP: 000000000<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |     65800 | NS      | $584879.67    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     58310 | NS      | $1375056.32   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                | BAE Systems PLC                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     86639 | NS      | $1994001.44   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryohin Keikaku Co Ltd          | Ryohin Keikaku Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300PMNF56J66BY371 | Long             | EC               | CORP              | JP        |     84800 | NS      | $1497352.54   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co Ltd    | Japan Post Insurance Co Ltd                               | CUSIP: 000000000<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |     56100 | NS      | $1687126.60   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd                      | Aegon Ltd                                                 | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | NL        |    110237 | NS      | $857236.32    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire Co Ltd                  | Empire Co Ltd                                             | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     36400 | NS      | $1265533.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                | OceanaGold Corp                                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     47733 | NS      | $1352820.44   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA             | Credit Agricole SA                                        | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     88348 | NS      | $1818897.91   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     44368 | NS      | $2250277.47   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The      | Toronto-Dominion Bank/The                                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      3900 | NS      | $367566.94    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                   | Olympus Corp                                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     56300 | NS      | $713842.04    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd   | Chugai Pharmaceutical Co Ltd                              | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     32800 | NS      | $1720739.48   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC             | Smith & Nephew PLC                                        | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     87560 | NS      | $1456206.38   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                      | Sanofi SA                                                 | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     26788 | NS      | $2591879.01   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                                             | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     81667 | NS      | $2464639.22   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     48366 | NS      | $2120792.89   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                     | Siemens AG                                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4700 | NS      | $1316359.99   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     14436 | NS      | $941198.47    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG           | Schindler Holding AG                                      | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      3895 | NS      | $1464773.66   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC          | Auto Trader Group PLC                                     | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |     97801 | NS      | $771587.42    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp              | Kinross Gold Corp                                         | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     75600 | NS      | $2129391.28   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     81200 | NS      | $835799.20    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| LY Corp                        | LY Corp                                                   | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    486500 | NS      | $1294551.28   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG        | Heidelberg Materials AG                                   | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      1147 | NS      | $297367.83    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                | Pro Medicus Ltd                                           | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |      4862 | NS      | $714048.90    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd     | Japan Post Holdings Co Ltd                                | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |     69100 | NS      | $729102.59    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     47948 | NS      | $3132787.36   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co Ltd                        | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |    413000 | NS      | $1477877.15   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                    | NN Group NV                                               | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     21356 | NS      | $1647500.85   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                   | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     36382 | NS      | $2681991.93   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp              | Suzuki Motor Corp                                         | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |    121200 | NS      | $1812602.92   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                    | Telenor ASA                                               | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     64679 | NS      | $940720.15    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                    | Aena SME SA                                               | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     65527 | NS      | $1830880.93   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc            | Astellas Pharma Inc                                       | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |    141900 | NS      | $1888620.48   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                 | Advantest Corp                                            | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     28000 | NS      | $3540541.78   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd         | Otsuka Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33600 | NS      | $1900390.09   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA         | Cie de Saint-Gobain SA                                    | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     11436 | NS      | $1162948.63   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                                  | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    242893 | NS      | $3756513.29   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                     | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      8797 | NS      | $4067533.04   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp               | Nitto Denko Corp                                          | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     56500 | NS      | $1345248.81   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp                     | Inpex Corp                                                | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     93000 | NS      | $1860050.10   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Loblaw Cos Ltd                 | Loblaw Cos Ltd                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     17212 | NS      | $778117.08    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co Ltd              | Shionogi & Co Ltd                                         | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     81500 | NS      | $1475135.61   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                    | Hitachi Ltd                                               | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     28900 | NS      | $906349.42    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                      | Nestle SA                                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     49870 | NS      | $4950052.38   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp        | Panasonic Holdings Corp                                   | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |    136600 | NS      | $1770887.90   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Re                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      3153 | NS      | $2074946.51   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                              | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     20850 | NS      | $962740.47    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA                                  | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       976 | NS      | $2423262.25   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S         | AP Moller - Maersk A/S                                    | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       761 | NS      | $1746153.74   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                                  | CUSIP: 000000000<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     11924 | NS      | $1347853.18   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                     | Asics Corp                                                | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |     69600 | NS      | $1670850.29   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp             | Toyota Tsusho Corp                                        | CUSIP: 000000000<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |     35200 | NS      | $1186915.95   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     15261 | NS      | $6302339.39   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co       | Central Japan Railway Co                                  | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |     62200 | NS      | $1722939.92   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC         | Standard Chartered PLC                                    | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     96147 | NS      | $2346029.23   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd                          | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    506700 | NS      | $1792704.13   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Lt | Mitsubishi Heavy Industries Ltd                           | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    113700 | NS      | $2775694.39   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC       | Lloyds Banking Group PLC                                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    475281 | NS      | $628660.68    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer