# EDGAR Filing Document

**Accession Number:** 0000874835
**File Stem:** 0000940400-26-009800
**Filing Date:** 2026-3
**Character Count:** 156926
**Document Hash:** 7e9268672cfbb5e30a494434479f9957
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009800.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0000940400-26-009800

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260311

**DATE AS OF CHANGE**: 20260311

**EFFECTIVENESS DATE**: 20260311

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE INCOME TRUST
- **CENTRAL INDEX KEY:** 0000874835

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06310
- **FILM NUMBER:** 26742151

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **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, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE PORTFOLIOS II
- **DATE OF NAME CHANGE:** 20060501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREENWICH STREET SERIES FUND
- **DATE OF NAME CHANGE:** 19970902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHEARSON SERIES FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Western Asset Core Plus VIT Portfolio (Series ID: S000016930)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047111 | Class I      | QLMHIX          |
| C000154792 | Class II     | LVITX           |

### Western Asset Variable Global High Yield Bond Portfolio (Series ID: S000017004)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047256 | Class I      | QLMYIX          |
| C000047257 | Class II     | QLMYTX          |

### Western Asset Long Credit VIT (Series ID: S000080158)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241838 | Class I      | LLAAX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Partners Variable Income Trust and Shareholders of Western Asset Core Plus VIT Portfolio, Western Asset Long Credit VIT and Western Asset Variable Global High Yield Bond Portfolio<br>In planning and performing our audits of the financial statements of Western Asset Core Plus VIT Portfolio, Western Asset Long Credit VIT and Western Asset Variable Global High Yield Bond Portfolio (each a series of Legg Mason Partners Variable Income Trust, hereinafter referred to as the "Funds") as of and for the year ended December 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 December 31, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Variable 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> February 13, 2026<br>PricewaterhouseCoopers LLP<br> 100 East Pratt Street, Suite 2600<br> Baltimore, Maryland 21202-1096<br> (410) 783 7600<br> www.pwc.com/us

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000874835

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

**Series ID Record:1**
- **Series ID:** S000080158

**Series ID Record:2**
- **Series ID:** S000016930

**Series ID Record:3**
- **Series ID:** S000017004

**Class ID Record:1**
- **Class ID:** C000241838

**Class ID Record:2**
- **Class ID:** C000047111

**Class ID Record:3**
- **Class ID:** C000154792

**Class ID Record:4**
- **Class ID:** C000047257

**Class ID Record:5**
- **Class ID:** C000047256

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

**Item A.1.a - Report for period ending:** 2025-12-31

**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 Variable Income Trust

- **Item B.1.b - Investment Company Act file number:** 811-06310

- **Item B.1.c - CIK:** 0000874835

- **Item B.1.d - LEI:** 549300HMB5WZ1N3QY685

- **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:** 1-877-721-1926

- **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):** Legg Mason Partners Variable 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: 3**

- **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: 4**

- **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: 5**

- **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: 6**

- **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: 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

- **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:** 1-800-822-5544

- **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:** 3

- **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                      | 811-06740, 811-21403, 811-04254, 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, 811-02351, 811-22444, 811-10407, 811-24075, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 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, 811-04254, 811-10407, 811-21477, 811-21403, 811-10603                                                                                                                                                                                                                                        |
| Susan B. Kerley          | No                      | 811-10407, 811-04550, 811-03833-01, 811-21403, 811-22321, 811-21477, 811-10603, 811-02351, 811-04254, 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, 811-10603, 811-04254                                                                                                                                                                                                                                        |
| Avedick B. Poladian      | No                      | 811-06110, 811-04052, 811-04254, 811-21403, 811-10407, 811-21477, 811-02351, 811-10603, 811-06740                                                                                                                                                                                                                                        |
| William E. B. Siart      | No                      | 811-21477, 811-10603, 811-02351, 811-04052, 811-10407, 811-06740, 811-04254, 811-21403, 811-06110                                                                                                                                                                                                                                        |
| Ronald L. Olson          | Yes                     | 811-10603, 811-21477, 811-06110, 811-02351, 811-10407, 811-04254, 811-06740, 811-04052, 811-21403                                                                                                                                                                                                                                        |
| Jane F. Dasher           | No                      | 811-10603, 811-06740, 811-04254, 811-21403, 811-06110, 811-02351, 811-21477, 811-10407, 811-04052                                                                                                                                                                                                                                        |
| Jaynie Miller Studenmund | No                      | 811-10407, 811-06740, 811-10603, 811-04052, 811-02351, 811-21403, 811-06110, 811-04254, 811-21477                                                                                                                                                                                                                                        |
| Anita L. DeFrantz        | No                      | 811-02351, 811-10603, 811-21477, 811-06740, 811-10407, 811-04254, 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 Long Credit VIT

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

- **a. Full Name of the Fund:** Western Asset Long Credit VIT

- **b. Series identification number, if any:** S000080158

- **c. LEI:** 254900R9Z9AK6K20YF38

- **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?:** 2

- **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                 | C000241838                                | LLAAX                        |

**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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

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

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

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

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

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

- **c. Are the fees waived subject to recoupment?** No

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

**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:** PricingDirect Inc.

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

- **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:** 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:** $2,854.50

**Brokers Record: 2**

- **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:** $709.30

**Brokers Record: 3**

- **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:** $911.71

**Brokers Record: 4**

- **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:** $2,563.86

**Brokers Record: 5**

- **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:** $1,081.25

**Brokers Record: 6**

- **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:** $1,155.64

**Brokers Record: 7**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $865.00

**Brokers Record: 8**

- **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:** $1,830.34

**Brokers Record: 9**

- **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:** $2,491.20

**Brokers Record: 10**

- **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:** $3,127.84

**Aggregate Commission:** $18,625.18

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

| Name                           | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITADEL CLEARING LLC           | 008-69521         |    000172693 | 5493001I7IJ4CW6Q9N27 | FL      | US        | $50,939,548.66            |
| BMO CAPITAL MARKETS CORP.      | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $27,175,924.72            |
| BOFA SECURITIES, INC.          | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $107,214,487.09           |
| MORGAN STANLEY & CO. LLC       | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $45,966,005.45            |
| WELLS FARGO SECURITIES, LLC    | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $24,247,188.27            |
| GOLDMAN SACHS & CO. LLC        | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $54,659,845.82            |
| DEUTSCHE BANK SECURITIES, INC. | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $22,445,913.96            |
| CitiGroup Global Markets Inc.  | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $34,522,523.38            |
| J.P. Morgan Securities LLC     | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $69,238,247.13            |
| RBC CAPITAL MARKETS, LLC       | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $16,619,017.06            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $573,427,774.31

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

- **Item C.19.a - Fund's monthly average net assets:** $262,283,729.43

**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:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 3 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 5 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 7 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 11 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 13 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** BANK OF AMERICA, 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:** BANCO BILBAO VIZCAYA ARGENTARIA, S.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   |
|:---|:---|
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Western Asset High Yield Fund                                          | 811-06110         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam International Equity Fund                                       | 811-06190         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Select Fund                                                | 811-06444         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Equity Income Fund                                            | 811-04986         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| International Equity Series                                            | 811-06135         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin High Income Fund                                              | 811-01608         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Growth Fund                                                   | 811-00537         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |

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

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

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

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

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

### Management Investment Record: 2 - Western Asset Core Plus VIT Portfolio

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

- **a. Full Name of the Fund:** Western Asset Core Plus VIT Portfolio

- **b. Series identification number, if any:** S000016930

- **c. LEI:** 549300ZKZMJ585OXJ739

- **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?:** 2

- **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                 | C000047111                                | QLMHIX                       |
|                           2 | Class II                | C000154792                                | LVITX                        |

**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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

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

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

- 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, 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: 2**

- **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: 3**

- **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: 4**

- **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

**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:** PricingDirect Inc.

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

- **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:** 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:** $1,326.47

**Brokers Record: 2**

- **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:** $1,604.75

**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:** $1,264.49

**Brokers Record: 4**

- **i. Full name of broker:** R.J. O'Brien Securities, LLC

- **ii. SEC file number:** 008-67587

- **iii. CRD number:** 000143624

- **iv. LEI, if any:** 549300BSZNPQJNYIAD03

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,579.49

**Brokers Record: 5**

- **i. Full name of broker:** DEUTSCHE BANK SECURITIES INC.

- **ii. SEC file number:** 008-17822

- **iii. CRD number:** 000002525

- **iv. LEI, if any:** 9J6MBOOO7BECTDTUZW19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $913.44

**Brokers Record: 6**

- **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:** $3,508.14

**Brokers Record: 7**

- **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:** $960.15

**Brokers Record: 8**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,275.58

**Brokers Record: 9**

- **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:** $992.66

**Brokers Record: 10**

- **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:** $4,900.91

**Aggregate Commission:** $44,355.92

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

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $51,289,382.40            |
| Goldman Sachs & Co. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $149,877,118.71           |
| J.P. Morgan Securities LLC    | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $161,483,751.10           |
| RBC CAPITAL MARKETS, LLC      | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,074,566.77             |
| BARCLAYS CAPITAL, INC.        | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $3,290,971.18             |
| WELLS FARGO SECURITIES, LLC   | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $10,622,776.42            |
| BMO CAPITAL MARKETS CORP.     | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $1,940,348.79             |
| BNP PARIBAS SECURITIES CORP.  | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $23,085,132.69            |
| BOFA SECURITIES, INC.         | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $14,664,019.65            |
| MORGAN STANLEY & CO. LLC      | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $171,878,146.24           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $602,963,242.22

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

- **Item C.19.a - Fund's monthly average net assets:** $128,247,726.12

**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:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 4 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 5 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 9 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 10 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 12 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 13 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 14 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 16 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 18 Name of institution:** ROYAL BANK OF CANADA

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

- **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 Variable Global High Yield Bond Portfolio

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

- **a. Full Name of the Fund:** Western Asset Variable Global High Yield Bond Portfolio

- **b. Series identification number, if any:** S000017004

- **c. LEI:** 549300DNX2ZRYZEQYB09

- **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?:** 2

- **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 II                | C000047257                                | QLMYTX                       |
|                           2 | Class I                 | C000047256                                | QLMYIX                       |

**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

- [ ] 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 32a-4 (17 CFR 270.32a-4)

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

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

- 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?** No

- **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

**Sub-adviser Record: 2**

- **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: 3**

- **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:** PricingDirect Inc.

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

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** 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: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** 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: 6**

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

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

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

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

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

- **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:** N/A

- **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:** 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:** $90.00

**Brokers Record: 2**

- **i. Full name of broker:** R.J. O'BRIEN SECURITIES, LLC

- **ii. SEC file number:** 008-67587

- **iii. CRD number:** 000143624

- **iv. LEI, if any:** 549300Y3W4512F4J2D08

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $27.68

**Brokers Record: 3**

- **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:** $297.68

**Brokers Record: 4**

- **i. Full name of broker:** DEUTSCHE BANK SECURITIES INC.

- **ii. SEC file number:** 008-17822

- **iii. CRD number:** 000002525

- **iv. LEI, if any:** 9J6MBOOO7BECTDTUZW19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $48.44

**Brokers Record: 5**

- **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:** $249.12

**Brokers Record: 6**

- **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:** $235.28

**Brokers Record: 7**

- **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:** $3.46

**Brokers Record: 8**

- **i. Full name of broker:** Stifel, Nicolaus & Company, Incorporated

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $321.71

**Brokers Record: 9**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $103.80

**Aggregate Commission:** $1,377.17

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

| Name                           | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| DEUTSCHE BANK SECURITIES, INC. | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $5,188,949.20             |
| MORGAN STANLEY & CO. LLC       | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $11,147,524.90            |
| BARCLAYS CAPITAL, INC.         | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $8,008,477.99             |
| RBC CAPITAL MARKETS, LLC       | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $5,639,154.00             |
| Goldman Sachs & Co. LLC        | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $22,249,587.18            |
| CitiGroup Global Markets Inc.  | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $13,751,949.45            |
| JEFFERIES LLC                  | 008-15074         |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $5,923,060.70             |
| WELLS FARGO SECURITIES, LLC    | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $9,954,427.85             |
| BOFA SECURITIES, INC.          | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $23,656,424.51            |
| J.P. Morgan Securities LLC     | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $23,359,605.48            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $159,978,303.20

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

- **Item C.19.a - Fund's monthly average net assets:** $155,678,278.57

**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:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

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

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

  - **Line Institutions Record: 5 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 9 Name of institution:** THE TORONTO-DOMINION BANK

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

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

  - **Line Institutions Record: 12 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 13 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 14 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

  - **Line Institutions Record: 16 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 18 Name of institution:** BANK OF AMERICA, N.A.

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

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

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

- **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 Variable Income Trust

**Date:** 2026-03-11

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer