# EDGAR Filing Document

**Accession Number:** 0000764624
**File Stem:** 0000940400-25-003068
**Filing Date:** 2025-10
**Character Count:** 153471
**Document Hash:** ddf4e215e958a4e563e43e9634dd3324
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-003068.hdr.sgml**: 20251008

**ACCESSION NUMBER**: 0000940400-25-003068

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20251008

**DATE AS OF CHANGE**: 20251008

**EFFECTIVENESS DATE**: 20251008

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INCOME TRUST
- **CENTRAL INDEX KEY:** 0000764624

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04254
- **FILM NUMBER:** 251381343

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS INCOME FUNDS
- **DATE OF NAME CHANGE:** 20060407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INCOME FUNDS
- **DATE OF NAME CHANGE:** 19941228

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY SHEARSON INCOME FUNDS
- **DATE OF NAME CHANGE:** 19931015

## Series and Classes Contracts Data

### Western Asset Income Fund (Series ID: S000008972)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024372 | Class A      | SDSAX           |
| C000024374 | Class C      | LWSIX           |
| C000024375 | Class I      | SDSYX           |
| C000081533 | Class C1     | SDSIX           |
| C000118995 | Class IS     | WAGIX           |

### Western Asset Short Duration High Income Fund (Series ID: S000008975)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024383 | Class A      | SHIAX           |
| C000024385 | Class C      | LWHIX           |
| C000024386 | Class I      | SHIYX           |
| C000071124 | Class R      | LWSRX           |
| C000081534 | Class C1     | SHICX           |

### Western Asset Municipal High Income Fund (Series ID: S000008976)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024387 | Class A      | STXAX           |
| C000024389 | Class C      | SMHLX           |
| C000024390 | Class I      | LMHIX           |

## Internal

<br> Report of Independent Registered Public Accounting Firm<br>To the Board of Directors of Legg Mason Partners Income Trust and Shareholders of Western Asset Short Duration High Income Fund, Western Asset Municipal High Income Fund, and Western Asset Income Fund<br>In planning and performing our audits of the financial statements of Western Asset Short Duration High Income Fund, Western Asset Municipal High Income Fund, and Western Asset Income Fund (each a series of Legg Mason Partners Income Trust, hereafter collectively referred to as the "Funds") as of and for the year ended July 31, 2025, 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.<br>The management of the Funds 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.<br>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.<br>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.<br>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 July 31, 2025.<br>This report is intended solely for the information and use of the Board of Directors of Legg Mason Partners Income 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.<br>/s/PricewaterhouseCoopers LLP<br> Baltimore, Maryland<br> September 18, 2025<br>PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, Maryland 21202<br> T: (410) 783 7600, www.pwc.com/us<br>

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000764624

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

**Series ID Record:1**
- **Series ID:** S000008972

**Series ID Record:2**
- **Series ID:** S000008976

**Series ID Record:3**
- **Series ID:** S000008975

**Class ID Record:1**
- **Class ID:** C000024375

**Class ID Record:2**
- **Class ID:** C000024374

**Class ID Record:3**
- **Class ID:** C000118995

**Class ID Record:4**
- **Class ID:** C000024372

**Class ID Record:5**
- **Class ID:** C000081533

**Class ID Record:6**
- **Class ID:** C000024387

**Class ID Record:7**
- **Class ID:** C000024389

**Class ID Record:8**
- **Class ID:** C000024390

**Class ID Record:9**
- **Class ID:** C000071124

**Class ID Record:10**
- **Class ID:** C000024385

**Class ID Record:11**
- **Class ID:** C000081534

**Class ID Record:12**
- **Class ID:** C000024386

**Class ID Record:13**
- **Class ID:** C000024383

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

**Item A.1.a - Report for period ending:** 2025-07-31

**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 Partners Income Trust

- **Item B.1.b - Investment Company Act file number:** 811-04254

- **Item B.1.c - CIK:** 0000764624

- **Item B.1.d - LEI:** 549300Y1U2UCLTK83X35

- **Item B.2.a - Street 1:** One Madison Avenue

- **Item B.2.a - Street 2:** 17th Floor

- **Item B.2.b - City:** New York

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

- **Item B.2.e - Zip Code:** 10010

- **Item B.2.f - Telephone:** 1-877-656-3863

- **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):** 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: 2**

- **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:** 212-495-1784

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

**Location books Record: 3**

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

- **b. Street 1:** 1 George Street #23-01

- **c. City:** Singapore

- **f. Zip code and zip code extension, or foreign postal code:** 049145

- **g. Telephone number:** 65-6428-3600

- **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):** 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: 5**

- **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: 6**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Partners Income Trust

- **b. Street 1:** One Madison Avenue

- **Street 2:** 17th 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:** 10010

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

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

**Location books Record: 7**

- **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: 8**

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

- **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:** 1-800-632-2350

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

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **b. Street 1:** One Madison 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:** 10010

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

- **h. Briefly describe the books and records kept at this location:** Records related to its function as investment 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:** 18

- **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                                                                                                                                                                                                                                                                                         |
|:---|:---|:---|
| Peter J. Taylor          | No                      | 811-06310, 811-06740, 811-21403, 811-06110, 811-02351, 811-21477, 811-10603, 811-10407, 811-04052                                                                                                                                                                                                                             |
| Jane Trust               | Yes                     | 811-06740, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-06110, 811-21477, 811-22338, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Michael Larson           | No                      | 811-02351, 811-06110, 811-04052, 811-06740, 811-10407, 811-21477, 811-21403, 811-06310, 811-10603                                                                                                                                                                                                                             |
| Susan B. Kerley          | No                      | 811-10407, 811-06310, 811-04550, 811-03833-01, 811-21403, 811-22321, 811-21477, 811-10603, 811-02351, 811-06110, 811-06740, 811-04052, 811-22551                                                                                                                                                                              |
| Robert Abeles, Jr.       | No                      | 811-06110, 811-02351, 811-10407, 811-04052, 811-21477, 811-21403, 811-06740, 811-06310, 811-10603                                                                                                                                                                                                                             |
| Avedick B. Poladian      | No                      | 811-06110, 811-04052, 811-21403, 811-10407, 811-21477, 811-02351, 811-06310, 811-10603, 811-06740                                                                                                                                                                                                                             |
| William E. B. Siart      | No                      | 811-21477, 811-10603, 811-02351, 811-04052, 811-10407, 811-06740, 811-21403, 811-06310, 811-06110                                                                                                                                                                                                                             |
| Ronald L. Olson          | Yes                     | 811-06310, 811-10603, 811-21477, 811-06110, 811-02351, 811-10407, 811-06740, 811-04052, 811-21403                                                                                                                                                                                                                             |
| Jane F. Dasher           | No                      | 811-10603, 811-06740, 811-21403, 811-06110, 811-02351, 811-06310, 811-21477, 811-10407, 811-04052                                                                                                                                                                                                                             |
| Jaynie Miller Studenmund | No                      | 811-10407, 811-06740, 811-06310, 811-10603, 811-04052, 811-02351, 811-21403, 811-06110, 811-21477                                                                                                                                                                                                                             |
| Anita L. DeFrantz        | No                      | 811-02351, 811-06310, 811-10603, 811-21477, 811-06740, 811-10407, 811-21403, 811-06110, 811-04052                                                                                                                                                                                                                             |

### 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:** One Madison Avenue

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **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:** CA

- **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 - Western Asset Income Fund

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

- **a. Full Name of the Fund:** Western Asset Income Fund

- **b. Series identification number, if any:** S000008972

- **c. LEI:** 5493007PBU5GQOUDIO10

- **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                 | C000024375                                | SDSYX                        |
|                           2 | Class C                 | C000024374                                | LWSIX                        |
|                           3 | Class IS                | C000118995                                | WAGIX                        |
|                           4 | Class A                 | C000024372                                | SDSAX                        |
|                           5 | Class C1                | C000081533                                | SDSIX                        |

**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 23c-1 (17 CFR 270.23c-1)

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

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

- Rule 17a-8 (17 CFR 270.17a-8)

- 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?** No

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

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company Ltd

- **ii. SEC file number:** 801-68224

- **iii. CRD number:** 000143388

- **iv. LEI, if any:** 549300ILBTC2ZDZBT448

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 3**

- **i. Full name:** Western Asset Management Company Pte. Ltd.

- **ii. SEC file number:** 801-67298

- **iii. CRD number:** 000142188

- **iv. LEI, if any:** 549300GGQQAH8OMMCX51

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

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

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

**Sub-adviser Record: 4**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 3**

- **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: 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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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

- **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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**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:** $12,175.17

**Brokers Record: 2**

- **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:** $6,148.42

**Brokers Record: 3**

- **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:** $3,191.77

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,570.37

**Brokers Record: 5**

- **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:** $12,502.25

**Brokers Record: 6**

- **i. Full name of broker:** NOMURA SECURITIES INTERNATIONAL, INC.

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,492.93

**Brokers Record: 7**

- **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:** $2,885.45

**Brokers Record: 8**

- **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:** $3,945.69

**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:** $6,013.28

**Brokers Record: 10**

- **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:** $2,178.68

**Aggregate Commission:** $60,896.81

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

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| WELLS FARGO SECURITIES, LLC   | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $73,976,088.90            |
| BNP PARIBAS SECURITIES CORP.  | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $32,522,868.72            |
| J.P. Morgan Securities LLC    | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $268,842,427.34           |
| BOFA SECURITIES, INC.         | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $639,787,349.84           |
| JEFFERIES LLC                 | 008-15074         |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $77,802,968.87            |
| MORGAN STANLEY & CO. LLC      | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $163,006,995.60           |
| Goldman Sachs & Co. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $132,639,689.54           |
| UBS SECURITIES LLC            | 008-22651         |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $26,931,045.62            |
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $137,820,388.69           |
| BARCLAYS CAPITAL, INC.        | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $260,384,969.51           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,151,430,613.49

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

- **Item C.19.a - Fund's monthly average net assets:** $741,527,005.11

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 3 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 4 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 6 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 9 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 11 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 13 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 14 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 15 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 16 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 17 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 18 Name of institution:** HSBC BANK USA, 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   |
|:---|:---|
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Templeton Foreign Fund                                                 | 811-02781         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin International Growth Fund                                     | 811-10157         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam International Value Fund                                        | 811-07513         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Putnam Research Fund                                                   | 811-07237         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Western Asset High Yield Fund                                          | 811-06110         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| International Equity Series                                            | 811-06135         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Select Fund                                                | 811-06444         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Total Return Fund                                             | 811-04986         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Templeton Global Bond Fund                                             | 811-04706         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam High Yield Fund                                                 | 811-04616         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Putnam VT International Equity Fund                                    | 811-05346         |

- **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 - Western Asset Municipal High Income Fund

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

- **a. Full Name of the Fund:** Western Asset Municipal High Income Fund

- **b. Series identification number, if any:** S000008976

- **c. LEI:** 549300RTPE8K0EEJKY08

- **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?:** 5

- **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 A                 | C000024387                                | STXAX                        |
|                           2 | Class C                 | C000024389                                | SMHLX                        |
|                           3 | Class I                 | C000024390                                | LMHIX                        |

**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 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))

- Rule 17a-8 (17 CFR 270.17a-8)

- Rule 23c-1 (17 CFR 270.23c-1)

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

- Rule 17a-7 (17 CFR 270.17a-7)

**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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 4**

- **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: 5**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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

- **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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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:** 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:** $242.20

**Brokers Record: 2**

- **i. Full name of broker:** NOMURA SECURITIES INTERNATIONAL, INC.

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $183.38

**Brokers Record: 3**

- **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:** $134.94

**Brokers Record: 4**

- **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:** $148.78

**Brokers Record: 5**

- **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:** $100.34

**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:** $183.38

**Aggregate Commission:** $993.02

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

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC       | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $29,487,902.61            |
| RBC CAPITAL MARKETS, LLC         | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $15,126,307.15            |
| MORGAN STANLEY & CO. LLC         | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $22,670,196.10            |
| UBS SECURITIES LLC               | 008-22651         |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $6,494,900.00             |
| BARCLAYS CAPITAL, INC.           | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $6,431,825.00             |
| TD SECURITIES (USA) LLC          | 008-36747         |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $29,704,760.00            |
| WELLS FARGO SECURITIES, LLC      | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $21,260,180.60            |
| GOLDMAN SACHS & CO. LLC          | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $7,144,256.00             |
| STIFEL, NICOLAUS & COMPANY, INC. | 008-01447         |    000000793 | 5WUVMA08EYG4KEUPW589 | MO      | US        | $6,233,450.00             |
| BOFA SECURITIES, INC.            | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $7,689,713.70             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $180,577,199.26

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

- **Item C.19.a - Fund's monthly average net assets:** $308,123,536.43

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 2 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 3 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 4 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 5 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 6 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 8 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 9 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 10 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 11 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 13 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 15 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 17 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 18 Name of institution:** JPMORGAN CHASE 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 Colorado Tax-Free Income Fund                                 | 811-04149         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Utilities Fund                                                | 811-00537         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam International Value Fund                                        | 811-07513         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Income Fund                                                   | 811-00537         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Templeton International Bond Fund                                      | 811-04706         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Managed Income fund                                           | 811-04986         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| ClearBridge Select Fund                                                | 811-06444         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam Global Income Trust                                             | 811-04524         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam International Equity Fund                                       | 811-06190         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Income Fund                                                     | 811-00653         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Western Asset Income Fund                                              | 811-04254         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Total Return Fund                                             | 811-04986         |
| International Equity Series                                            | 811-06135         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin High Income Fund                                              | 811-01608         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin International Growth Fund                                     | 811-10157         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Income VIP Fund                                               | 811-05583         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |

- **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 - Western Asset Short Duration High Income Fund

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

- **a. Full Name of the Fund:** Western Asset Short Duration High Income Fund

- **b. Series identification number, if any:** S000008975

- **c. LEI:** 549300QVO0TT5WYOHA80

- **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 R                 | C000071124                                | LWSRX                        |
|                           2 | Class C                 | C000024385                                | LWHIX                        |
|                           3 | Class C1                | C000081534                                | SHICX                        |
|                           4 | Class I                 | C000024386                                | SHIYX                        |
|                           5 | Class A                 | C000024383                                | SHIAX                        |

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

- Rule 23c-1 (17 CFR 270.23c-1)

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

- Rule 17a-8 (17 CFR 270.17a-8)

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

**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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**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:** 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: 3**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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

- **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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**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:** $204.20

**Aggregate Commission:** $204.20

**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        | $34,043,608.49            |
| BOFA SECURITIES, INC.           | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $38,100,622.23            |
| BNY MELLON CAPITAL MARKETS, LLC | 008-35255         |    000017454 | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $7,329,965.94             |
| CitiGroup Global Markets Inc.   | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $24,414,836.16            |
| WELLS FARGO SECURITIES, LLC     | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $15,625,780.50            |
| MORGAN STANLEY & CO. LLC        | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $95,358,929.58            |
| JEFFERIES LLC                   | 008-15074         |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $29,181,179.39            |
| J.P. Morgan Securities LLC      | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $56,828,306.46            |
| BARCLAYS CAPITAL, INC.          | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $14,961,091.65            |
| RBC CAPITAL MARKETS, LLC        | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $7,373,836.50             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $381,791,198.51

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

- **Item C.19.a - Fund's monthly average net assets:** $493,586,028.95

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 4 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 5 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 7 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 8 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 9 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 11 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 13 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 15 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 18 Name of institution:** DEUTSCHE BANK AG

- **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 Rising Dividends Fund                                         | 811-04894         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam International Equity Fund                                       | 811-06190         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset California Municipals Fund                               | 811-04254         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| International Equity Series                                            | 811-06135         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin International Equity Fund                                     | 811-22338         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| ClearBridge Select Fund                                                | 811-06444         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Putnam Global Income Trust                                             | 811-04524         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Putnam Money Market Fund                                               | 811-02608         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Templeton World Fund                                                   | 811-02781         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam Research Fund                                                   | 811-07237         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |

- **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 Partners Income Trust

**Date:** 2025-10-08

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer