# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0001752724-23-000206
**Filing Date:** 2023-1
**Character Count:** 216051
**Document Hash:** 0dd7daa81725dfe0fea475d98dc63512
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-000206.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001752724-23-000206

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**EFFECTIVENESS DATE**: 20230106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 23513817

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

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

## Series and Classes Contracts Data

### BrandywineGLOBAL - Global Unconstrained Bond Fund (Series ID: S000031479)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000097870 | Class A      | LROAX           |
| C000097872 | Class FI     | LBAFX           |
| C000097873 | Class R      | LBARX           |
| C000097874 | Class I      | LROIX           |
| C000097875 | Class IS     | LROSX           |
| C000116978 | Class C      | LAOCX           |

### ClearBridge Value Trust (Series ID: S000036164)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110727 | Class A      | LGVAX           |
| C000110728 | Class C      | LMVTX           |
| C000110729 | Class FI     | LMVFX           |
| C000110730 | Class R      | LMVRX           |
| C000110732 | Class I      | LMNVX           |
| C000164621 | Class IS     | CBVBX           |

### ClearBridge Small Cap Fund (Series ID: S000036165)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110733 | Class R      | LMARX           |
| C000110735 | Class I      | LMNSX           |
| C000110736 | Class A      | LMSAX           |
| C000110737 | Class C      | LMASX           |
| C000110738 | Class FI     | LGASX           |
| C000164622 | Class IS     | LISGX           |

### ClearBridge International Growth Fund (Series ID: S000036166)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110739 | Class A      | LGGAX           |
| C000110740 | Class C      | LMGTX           |
| C000110741 | Class FI     | LMGFX           |
| C000110742 | Class R      | LMGRX           |
| C000110744 | Class I      | LMGNX           |
| C000164623 | Class IS     | LMGPX           |

### BrandywineGLOBAL - Alternative Credit Fund (Series ID: S000043089)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000133376 | Class A      | LMAPX           |
| C000133377 | Class C      | LMAQX           |
| C000133378 | Class FI     | LMAOX           |
| C000133380 | Class I      | LMANX           |
| C000133381 | Class IS     | LMAMX           |

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of ClearBridge International Growth Fund, ClearBridge Small Cap Fund, ClearBridge Value Trust, BrandywineGLOBAL

—Global Unconstrained Bond Fund and BrandywineGLOBAL —Alternative Credit Fund

In planning and performing our audits of the financial statements of ClearBridge International Growth Fund, ClearBridge Small Cap Fund, ClearBridge Value Trust, BrandywineGLOBAL —Global Unconstrained Bond Fund and BrandywineGLOBAL —Alternative Credit Fund (each a series of Legg Mason Global Asset Management Trust, hereinafter collectively referred to as the "Funds") as of and for the year ended October 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB.

However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2022.

This report is intended solely for the information and use of the Board of Trustees of Legg Mason Global Asset Management Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

December 19, 2022

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, MD 21202-1096 T: (410) 783 7600, F: (410) 783 7680, www.pwc.com/us

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001474103

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000036165

**Series ID Record:2**
- **Series ID:** S000031479

**Series ID Record:3**
- **Series ID:** S000043089

**Series ID Record:4**
- **Series ID:** S000036164

**Series ID Record:5**
- **Series ID:** S000036166

**Class ID Record:1**
- **Class ID:** C000110737

**Class ID Record:2**
- **Class ID:** C000110738

**Class ID Record:3**
- **Class ID:** C000164622

**Class ID Record:4**
- **Class ID:** C000110733

**Class ID Record:5**
- **Class ID:** C000110736

**Class ID Record:6**
- **Class ID:** C000110735

**Class ID Record:7**
- **Class ID:** C000097872

**Class ID Record:8**
- **Class ID:** C000097873

**Class ID Record:9**
- **Class ID:** C000097874

**Class ID Record:10**
- **Class ID:** C000097870

**Class ID Record:11**
- **Class ID:** C000097875

**Class ID Record:12**
- **Class ID:** C000116978

**Class ID Record:13**
- **Class ID:** C000133381

**Class ID Record:14**
- **Class ID:** C000133380

**Class ID Record:15**
- **Class ID:** C000133377

**Class ID Record:16**
- **Class ID:** C000133376

**Class ID Record:17**
- **Class ID:** C000133378

**Class ID Record:18**
- **Class ID:** C000110727

**Class ID Record:19**
- **Class ID:** C000110728

**Class ID Record:20**
- **Class ID:** C000110729

**Class ID Record:21**
- **Class ID:** C000110730

**Class ID Record:22**
- **Class ID:** C000110732

**Class ID Record:23**
- **Class ID:** C000164621

**Class ID Record:24**
- **Class ID:** C000110744

**Class ID Record:25**
- **Class ID:** C000110739

**Class ID Record:26**
- **Class ID:** C000164623

**Class ID Record:27**
- **Class ID:** C000110741

**Class ID Record:28**
- **Class ID:** C000110740

**Class ID Record:29**
- **Class ID:** C000110742

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Legg Mason Global Asset Management Trust

- **Item B.1.b - Investment Company Act file number:** 811-22338

- **Item B.1.c - CIK:** 0001474103

- **Item B.1.d - LEI:** 549300BI5I8NVF50DG69

- **Item B.2.a - Street 1:** 100 International Drive

- **Item B.2.b - City:** Baltimore

- **Item B.2.c - State:** MD

- **Item B.2.e - Zip Code:** 21202

- **Item B.2.f - Telephone:** 1-410-539-0000

- **Item B.2.g - Public Website:** www.franklintempleton.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** ClearBridge Investments, LLC

- **b. Street 1:** 620 Eighth Avenue

- **Street 2:** 48th Floor

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10018

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

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** ClearBridge RARE Infrastructure (North America) PTY Limited

- **b. Street 1:** Level 13, 35 Clarence Street

- **c. City:** Sydney

- **f. Zip code and zip code extension, or foreign postal code:** NSW 2000

- **g. Telephone number:** 61-2-9397-7300

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Franklin Advisers, Inc.

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 1-650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** Brandywine Global Investment Management, LLC

- **b. Street 1:** 1735 Market Street

- **c. City:** Philadelphia

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19103

- **g. Telephone number:** 1-215-609-3500

- **h. Briefly describe the books and records kept at this location:** Records related to its function as a sub-advisor.

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Global Asset Management Trust

- **b. Street 1:** 100 International Drive

- **c. City:** Baltimore

- **d. State, if applicable:** MD

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 21202

- **g. Telephone number:** 1-410-539-0000

- **h. Briefly describe the books and records kept at this location:** Records related to its function as registrant.

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Western Asset Management Company Limited

- **b. Street 1:** 10 Exchange Square

- **Street 2:** Primrose Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC2A 2EN

- **g. Telephone number:** 44-20-7422-3000

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** The Bank of New York Mellon

- **b. Street 1:** 240 Greenwich Street

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10286

- **g. Telephone number:** 1-212-495-1784

- **h. Briefly describe the books and records kept at this location:** Records related to its function as custodian.

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Investor Services, LLC

- **b. Street 1:** 3344 Quality Drive

- **c. City:** Rancho Cordova

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 95670

- **g. Telephone number:** 1-916-463-2075

- **h. Briefly describe the books and records kept at this location:** Records related to its function as transfer agent.

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Western Asset Management Company, LLC

- **b. Street 1:** 385 East Colorado Boulevard

- **c. City:** Pasadena

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 91101

- **g. Telephone number:** 1-626-844-9400

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** BNY Mellon Investment Servicing (US) Inc.

- **b. Street 1:** 301 Bellevue Parkway

- **c. City:** Wilmington

- **d. State, if applicable:** DE

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19809

- **g. Telephone number:** 1-302-791-1700

- **h. Briefly describe the books and records kept at this location:** Records related to its function as transfer agent.

**Location books Record: 11**

- **a. Name of person (e.g., a custodian of records):** Franklin Distributors LLC

- **b. Street 1:** 100 International Drive

- **c. City:** Baltimore

- **d. State, if applicable:** MD

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 21202

- **g. Telephone number:** 1-800-822-5544

- **h. Briefly describe the books and records kept at this location:** Records related to its function as distributor.

**Location books Record: 12**

- **a. Name of person (e.g., a custodian of records):** Western Asset Management Company Ltd.

- **b. Street 1:** 5-1 Marunouchi

- **Street 2:** 1-Chome Chiyoda-Ku

- **c. City:** Tokyo

- **f. Zip code and zip code extension, or foreign postal code:** 100-6536

- **g. Telephone number:** 81-03-4520-4300

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

**Location books Record: 13**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Partners Fund Advisor, LLC

- **b. Street 1:** 280 Park Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 1-305-529-4400

- **h. Briefly describe the books and records kept at this location:** Records related to its function as advisor.

**Location books Record: 14**

- **a. Name of person (e.g., a custodian of records):** Martin Currie Inc

- **b. Street 1:** Saltire Court

- **Street 2:** 20 Castle Terrace

- **c. City:** Edinburgh

- **f. Zip code and zip code extension, or foreign postal code:** EH1 2ES

- **g. Telephone number:** 44-(0)-131-229-5252

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-advisor.

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** FRANKLIN TEMPLETON

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 19

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                     |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22405, 811-22491, 811-23408, 811-22693, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-07362, 811-21477, 811-22582, 811-05812, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| G. Peter O'Brien   | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Paul R. Ades       | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Howard J. Johnson  | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Ken Miller         | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Susan M. Heilbron  | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Andrew L. Breech   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Arnold L. Lehman   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Stephen R. Gross   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Althea L. Duersten | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Jerome H. Miller   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Thomas F. Schlafly | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Ted P. Becker

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 280 Park Avenue

- **   Street Address 2:** 8th Floor

- **d. City:** New York

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 10017

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-19023

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Franklin Distributors, LLC

- **ii. SEC file number:** 008-53089

- **iii. CRD number:** 000109064

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** MD

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** MD

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - ClearBridge Small Cap Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Small Cap Fund

- **b. Series identification number, if any:** S000036165

- **c. LEI:** 549300WKCUIK8SCOXT82

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000110737                                | LMASX                        |
|                           2 | Class FI                | C000110738                                | LGASX                        |
|                           3 | Class IS                | C000164622                                | LISGX                        |
|                           4 | Class R                 | C000110733                                | LMARX                        |
|                           5 | Class A                 | C000110736                                | LMSAX                        |
|                           6 | Class I                 | C000110735                                | LMNSX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 8**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 9**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Stifel, Nicolaus & Co., Inc.

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $86,261.08

**Brokers Record: 2**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 008-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $59,455.58

**Brokers Record: 3**

- **i. Full name of broker:** DREXEL HAMILTON LLC

- **ii. SEC file number:** 008-67576

- **iii. CRD number:** 000143570

- **iv. LEI, if any:** 254900MVVWQEFWE3M609

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $37,884.28

**Brokers Record: 4**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,773.66

**Brokers Record: 5**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $80,335.84

**Brokers Record: 6**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $68,726.28

**Brokers Record: 7**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $113,379.15

**Brokers Record: 8**

- **i. Full name of broker:** Robert W. Baird & Co. Incorporated

- **ii. SEC file number:** 008-00497

- **iii. CRD number:** 000008158

- **iv. LEI, if any:** 549300772UJAHRD6LO53

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,523.28

**Brokers Record: 9**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $82,441.06

**Brokers Record: 10**

- **i. Full name of broker:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $54,564.80

**Aggregate Commission:** $874,769.10

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,014,948,364.10

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 3 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 4 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 5 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 6 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 9 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 14 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 15 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 16 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 17 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 18 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 19 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 20 Name of institution:** BANK OF AMERICA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Total Return Fund                                     | 811-04986         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Utilities Fund                                        | 811-00537         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Western Asset Income Fund                                      | 811-04254         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin International Growth Fund                             | 811-10157         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| International Equity Series                                    | 811-06135         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Templeton World Fund                                           | 811-02781         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin Managed Income fund                                   | 811-04986         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin International Equity Fund                             | 811-22338         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Global Equity Fund                                    | 811-06444         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - BrandywineGLOBAL - Global Unconstrained Bond Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** BrandywineGLOBAL - Global Unconstrained Bond Fund

- **b. Series identification number, if any:** S000031479

- **c. LEI:** 54930025I496PLRXXD64

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 7

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class FI                | C000097872                                | LBAFX                        |
|                           2 | Class R                 | C000097873                                | LBARX                        |
|                           3 | Class I                 | C000097874                                | LROIX                        |
|                           4 | Class A                 | C000097870                                | LROAX                        |
|                           5 | Class IS                | C000097875                                | LROSX                        |
|                           6 | Class C                 | C000116978                                | LAOCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** Yes

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 8**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 9**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $974.83

**Brokers Record: 2**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48,530.39

**Aggregate Commission:** $49,505.22

**Item C.17.a. Principal transaction counterparties.**

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC                   | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $89,432,778.51            |
| HSBC SECURITIES (USA), INC.               | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $151,261,752.38           |
| DEUTSCHE BANK SECURITIES, INC.            | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $71,499,385.02            |
| CAPITAL INSTITUTIONAL SERVICES, INC.      | 008-22273         |    000007551 | 54930061X8RDWFDJIS05 | TX      | US        | $39,412,422.60            |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $137,402,069.11           |
| BARCLAYS CAPITAL, INC.                    | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $57,868,374.59            |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $227,556,050.97           |
| BMO CAPITAL MARKETS CORP.                 | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $39,172,193.23            |
| Mizuho Securities USA LLC                 | 008-37710         |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $32,445,169.25            |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $296,514,177.56           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,268,143,771.28

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $562,070,703.67

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 2 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 3 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 5 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 6 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 7 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 8 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 12 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 16 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 17 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 18 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 19 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 20 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| International Equity Series                                    | 811-06135         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin High Income Fund                                      | 811-01608         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Templeton International Climate Change Fund                    | 811-02781         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Global Equity Fund                                    | 811-06444         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Templeton World Fund                                           | 811-02781         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Western Asset High Yield Fund                                  | 811-06110         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Select Fund                                        | 811-06444         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Templeton China World Fund                                     | 811-07876         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Managed Income fund                                   | 811-04986         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Utilities Fund                                        | 811-00537         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Templeton Foreign Fund                                         | 811-02781         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Dynatech Fund                                         | 811-00537         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| ClearBridge International Value Fund                           | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - BrandywineGLOBAL - Alternative Credit Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** BrandywineGLOBAL - Alternative Credit Fund

- **b. Series identification number, if any:** S000043089

- **c. LEI:** 5493003A7V5IXGWH8L61

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class IS                | C000133381                                | LMAMX                        |
|                           2 | Class I                 | C000133380                                | LMANX                        |
|                           3 | Class C                 | C000133377                                | LMAQX                        |
|                           4 | Class A                 | C000133376                                | LMAPX                        |
|                           5 | Class FI                | C000133378                                | LMAOX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** Yes

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 8**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 9**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,407.50

**Brokers Record: 2**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $44,215.38

**Aggregate Commission:** $45,622.88

**Item C.17.a. Principal transaction counterparties.**

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| SG AMERICAS SECURITIES, LLC               | 008-66125         |    000128351 | 549300F35UE0BOM1WJ55 | NY      | US        | $27,110,771.16            |
| WELLS FARGO SECURITIES, LLC               | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $69,547,555.90            |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $33,579,443.29            |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $74,892,844.06            |
| Goldman Sachs & Co. LLC                   | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $19,867,647.49            |
| BMO CAPITAL MARKETS CORP.                 | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $28,371,377.44            |
| BARCLAYS CAPITAL, INC.                    | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $64,977,299.30            |
| NOMURA SECURITIES INTERNATIONAL, INC.     | 008-15255         |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $25,605,668.75            |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $229,346,897.27           |
| MORGAN STANLEY & CO. LLC                  | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $21,515,803.05            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $699,209,060.25

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $182,786,889.38

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 3 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 6 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 8 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 9 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 10 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 11 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 12 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 16 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 17 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 18 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 19 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 20 Name of institution:** UMB BANK, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| ClearBridge International Growth Fund                          | 811-22338         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Growth Fund                                           | 811-00537         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Western Asset California Municipals Fund                       | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| ClearBridge International Value Fund                           | 811-06444         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Income Fund                                           | 811-00537         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| International Equity Series                                    | 811-06135         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Templeton International Bond Fund                              | 811-04706         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Western Asset Total Return ETF                                 | 811-23096         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Templeton World Fund                                           | 811-02781         |
| Western Asset Income Fund                                      | 811-04254         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - ClearBridge Value Trust

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Value Trust

- **b. Series identification number, if any:** S000036164

- **c. LEI:** 5493008ED4GHJ6SLU352

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000110727                                | LGVAX                        |
|                           2 | Class C                 | C000110728                                | LMVTX                        |
|                           3 | Class FI                | C000110729                                | LMVFX                        |
|                           4 | Class R                 | C000110730                                | LMVRX                        |
|                           5 | Class I                 | C000110732                                | LMNVX                        |
|                           6 | Class IS                | C000164621                                | CBVBX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** Yes

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 8**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 9**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $78,387.25

**Brokers Record: 2**

- **i. Full name of broker:** Stifel, Nicolaus & Company, Incorporated

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $116,800.00

**Brokers Record: 3**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $155,700.00

**Brokers Record: 4**

- **i. Full name of broker:** JEFFERIES LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $66,905.14

**Brokers Record: 5**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $135,400.00

**Brokers Record: 6**

- **i. Full name of broker:** CREDIT SUISSE SECURITIES (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $123,068.22

**Brokers Record: 7**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $191,956.67

**Brokers Record: 8**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $70,400.15

**Brokers Record: 9**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $150,847.38

**Brokers Record: 10**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $66,734.68

**Aggregate Commission:** $1,480,620.45

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $3,786,750.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,786,750.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,963,495,845.06

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 3 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 7 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 8 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 11 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 12 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 15 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 18 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 19 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 20 Name of institution:** GOLDMAN SACHS BANK USA

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin High Income Fund                                      | 811-01608         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| International Equity Series                                    | 811-06135         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin International Equity Fund                             | 811-22338         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Managed Income fund                                   | 811-04986         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Templeton Foreign Fund                                         | 811-02781         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Templeton International Bond Fund                              | 811-04706         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset California Municipals Fund                       | 811-04254         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| ClearBridge Select Fund                                        | 811-06444         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Natural Resources Fund                                | 811-06243         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Templeton China World Fund                                     | 811-07876         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 5 - ClearBridge International Growth Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge International Growth Fund

- **b. Series identification number, if any:** S000036166

- **c. LEI:** 549300SUY81C3X143T93

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000110744                                | LMGNX                        |
|                           2 | Class A                 | C000110739                                | LGGAX                        |
|                           3 | Class IS                | C000164623                                | LMGPX                        |
|                           4 | Class FI                | C000110741                                | LMGFX                        |
|                           5 | Class C                 | C000110740                                | LMGTX                        |
|                           6 | Class R                 | C000110742                                | LMGRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 8**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 9**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $257,652.61

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $185,565.49

**Brokers Record: 3**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $133,822.82

**Brokers Record: 4**

- **i. Full name of broker:** RBC CAPITAL MARKETS, LLC

- **ii. SEC file number:** 008-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $160,659.69

**Brokers Record: 5**

- **i. Full name of broker:** JEFFERIES LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $345,658.95

**Brokers Record: 6**

- **i. Full name of broker:** DAIWA CAPITAL MARKETS AMERICA INC.

- **ii. SEC file number:** 008-12242

- **iii. CRD number:** 000001576

- **iv. LEI, if any:** M67H5PRC0NQKM73ZAS82

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $258,972.33

**Brokers Record: 7**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $230,411.79

**Brokers Record: 8**

- **i. Full name of broker:** BNP PARIBAS SECURITIES CORP.

- **ii. SEC file number:** 008-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $148,023.79

**Brokers Record: 9**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $189,427.07

**Brokers Record: 10**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $511,376.71

**Aggregate Commission:** $3,081,762.48

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MORGAN STANLEY & CO. LLC | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $28,240,055.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $28,240,055.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $5,498,287,751.33

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 2 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 4 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 6 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 8 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 10 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 15 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 16 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 17 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 18 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 19 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 20 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Natural Resources Fund                                | 811-06243         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Western Asset Income Fund                                      | 811-04254         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Mutual European Fund                                  | 811-05387         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Templeton Foreign Fund                                         | 811-02781         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin High Income Fund                                      | 811-01608         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Utilities Fund                                        | 811-00537         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Growth Fund                                           | 811-00537         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| International Equity Series                                    | 811-06135         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin International Equity Fund                             | 811-22338         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason Global Asset Management Trust

**Date:** 2023-01-06

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer