# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0000940400-26-000074
**Filing Date:** 2026-1
**Character Count:** 466118
**Document Hash:** 01c45f18bc4499b46d13989a87df6c1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-000074.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0000940400-26-000074

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260109

**EFFECTIVENESS DATE**: 20260109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000880366

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 26521879

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS EQUITY TRUST
- **DATE OF NAME CHANGE:** 20070412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20060407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19950831

## Series and Classes Contracts Data

### ClearBridge Mid Cap Fund (Series ID: S000004162)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000011723 | Class A      | SBMAX           |
| C000011725 | Class C      | SBMLX           |
| C000011726 | Class I      | SMBYX           |
| C000011727 | Class 1      | SMCPX           |
| C000060700 | Class R      | LMREX           |
| C000066225 | Class IS     | LSIRX           |

### ClearBridge Tactical Dividend Income Fund (Series ID: S000016241)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000044883 | Class A      | CFLGX           |
| C000044885 | Class C      | SMDLX           |
| C000044886 | Class I      | LADIX           |
| C000127029 | Class IS     | LCBDX           |

### ClearBridge International Value Fund (Series ID: S000016247)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000044909 | Class A      | SBIEX           |
| C000044911 | Class C      | SBICX           |
| C000044912 | Class I      | SBIYX           |
| C000059794 | Class R      | LIORX           |
| C000066228 | Class IS     | LSIUX           |

### ClearBridge Appreciation Fund (Series ID: S000016651)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046514 | Class A      | SHAPX           |
| C000046516 | Class C      | SAPCX           |
| C000046517 | Class I      | SAPYX           |
| C000046518 | Class R      | LMPPX           |
| C000046519 | Class FI     | LMPIX           |
| C000063669 | Class IS     | LMESX           |

### ClearBridge Small Cap Growth Fund (Series ID: S000016663)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046565 | Class A      | SASMX           |
| C000046567 | Class C      | SCSMX           |
| C000046569 | Class FI     | LMPSX           |
| C000046570 | Class R      | LMPOX           |
| C000046571 | Class I      | SBPYX           |
| C000046572 | Class 1      | LMPMX           |
| C000063670 | Class IS     | LMOIX           |

### Franklin Global Equity Fund (Series ID: S000016668)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046590 | Class A      | CFIPX           |
| C000046592 | Class C      | SILLX           |
| C000046593 | Class I      | SMYIX           |
| C000046594 | Class 1      | LMPEX           |
| C000183979 | Class IS     | SMYSX           |

### ClearBridge Large Cap Value Fund (Series ID: S000016669)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046595 | Class A      | SINAX           |
| C000046597 | Class C      | SINOX           |
| C000046599 | Class I      | SAIFX           |
| C000063680 | Class R      | LCBVX           |
| C000063682 | Class IS     | LMLSX           |
| C000127016 | Class 1      | LCLIX           |

### ClearBridge Mid Cap Growth Fund (Series ID: S000029718)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000091376 | Class A      | LBGAX           |
| C000091377 | Class C      | LBGCX           |
| C000091379 | Class R      | LCMRX           |
| C000091381 | Class I      | LBGIX           |
| C000091382 | Class IS     | LCMIX           |

### ClearBridge Select Fund (Series ID: S000039065)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000120103 | Class A      | LCLAX           |
| C000120104 | Class C      | LCLCX           |
| C000120105 | Class FI     | LCBSX           |
| C000120106 | Class R      | CBSCX           |
| C000120107 | Class IS     | LCSSX           |
| C000120108 | Class I      | LBFIX           |

### ClearBridge Sustainability Leaders Fund (Series ID: S000048737)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000153520 | Class A      | CLSUX           |
| C000153522 | Class C      | CAABX           |
| C000153523 | Class FI     | LCSTX           |
| C000153524 | Class R      | CBSLX           |
| C000153525 | Class I      | LCISX           |
| C000153526 | Class IS     | LCILX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Partners Investment Trust and Shareholders of ClearBridge Tactical Dividend Income Fund, ClearBridge Appreciation Fund, ClearBridge International Value Fund, ClearBridge Large Cap Value Fund, ClearBridge Mid Cap Fund, ClearBridge Mid Cap Growth Fund, ClearBridge Select Fund, ClearBridge Small Cap Growth Fund, ClearBridge Sustainability Leaders Fund and Franklin Global Equity Fund<br>In planning and performing our audits of the financial statements of ClearBridge Tactical Dividend Income Fund, ClearBridge Appreciation Fund, ClearBridge International Value Fund, ClearBridge Large Cap Value Fund, ClearBridge Mid Cap Fund, ClearBridge Mid Cap Growth Fund, ClearBridge Select Fund, ClearBridge Small Cap Growth Fund, ClearBridge Sustainability Leaders Fund and Franklin Global Equity Fund (each a series of Legg Mason Partners Investment Trust, hereinafter collectively referred to as the "Funds") as of and for the year ended October 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 October 31, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Investment 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> December 18, 2025<br>PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, Maryland 21202-1096<br> T: 410 783 7600, www.pwc.com/us

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000880366

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

**Series ID Record:1**
- **Series ID:** S000048737

**Series ID Record:2**
- **Series ID:** S000016663

**Series ID Record:3**
- **Series ID:** S000016668

**Series ID Record:4**
- **Series ID:** S000016247

**Series ID Record:5**
- **Series ID:** S000029718

**Series ID Record:6**
- **Series ID:** S000004162

**Series ID Record:7**
- **Series ID:** S000016651

**Series ID Record:8**
- **Series ID:** S000016669

**Series ID Record:9**
- **Series ID:** S000039065

**Series ID Record:10**
- **Series ID:** S000016241

**Class ID Record:1**
- **Class ID:** C000153525

**Class ID Record:2**
- **Class ID:** C000153520

**Class ID Record:3**
- **Class ID:** C000153523

**Class ID Record:4**
- **Class ID:** C000153522

**Class ID Record:5**
- **Class ID:** C000153524

**Class ID Record:6**
- **Class ID:** C000153526

**Class ID Record:7**
- **Class ID:** C000046571

**Class ID Record:8**
- **Class ID:** C000046570

**Class ID Record:9**
- **Class ID:** C000063670

**Class ID Record:10**
- **Class ID:** C000046567

**Class ID Record:11**
- **Class ID:** C000046569

**Class ID Record:12**
- **Class ID:** C000046572

**Class ID Record:13**
- **Class ID:** C000046565

**Class ID Record:14**
- **Class ID:** C000046590

**Class ID Record:15**
- **Class ID:** C000046593

**Class ID Record:16**
- **Class ID:** C000046594

**Class ID Record:17**
- **Class ID:** C000046592

**Class ID Record:18**
- **Class ID:** C000183979

**Class ID Record:19**
- **Class ID:** C000044909

**Class ID Record:20**
- **Class ID:** C000044912

**Class ID Record:21**
- **Class ID:** C000044911

**Class ID Record:22**
- **Class ID:** C000066228

**Class ID Record:23**
- **Class ID:** C000059794

**Class ID Record:24**
- **Class ID:** C000091381

**Class ID Record:25**
- **Class ID:** C000091382

**Class ID Record:26**
- **Class ID:** C000091379

**Class ID Record:27**
- **Class ID:** C000091377

**Class ID Record:28**
- **Class ID:** C000091376

**Class ID Record:29**
- **Class ID:** C000011723

**Class ID Record:30**
- **Class ID:** C000011727

**Class ID Record:31**
- **Class ID:** C000060700

**Class ID Record:32**
- **Class ID:** C000011726

**Class ID Record:33**
- **Class ID:** C000011725

**Class ID Record:34**
- **Class ID:** C000066225

**Class ID Record:35**
- **Class ID:** C000046518

**Class ID Record:36**
- **Class ID:** C000063669

**Class ID Record:37**
- **Class ID:** C000046514

**Class ID Record:38**
- **Class ID:** C000046516

**Class ID Record:39**
- **Class ID:** C000046519

**Class ID Record:40**
- **Class ID:** C000046517

**Class ID Record:41**
- **Class ID:** C000046597

**Class ID Record:42**
- **Class ID:** C000127016

**Class ID Record:43**
- **Class ID:** C000046595

**Class ID Record:44**
- **Class ID:** C000063680

**Class ID Record:45**
- **Class ID:** C000063682

**Class ID Record:46**
- **Class ID:** C000046599

**Class ID Record:47**
- **Class ID:** C000120104

**Class ID Record:48**
- **Class ID:** C000120108

**Class ID Record:49**
- **Class ID:** C000120105

**Class ID Record:50**
- **Class ID:** C000120106

**Class ID Record:51**
- **Class ID:** C000120107

**Class ID Record:52**
- **Class ID:** C000120103

**Class ID Record:53**
- **Class ID:** C000044885

**Class ID Record:54**
- **Class ID:** C000127029

**Class ID Record:55**
- **Class ID:** C000044886

**Class ID Record:56**
- **Class ID:** C000044883

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

**Item A.1.a - Report for period ending:** 2025-10-31

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

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

- **Item B.1.a - Full name of Registrant:** Legg Mason Partners Investment Trust

- **Item B.1.b - Investment Company Act file number:** 811-06444

- **Item B.1.c - CIK:** 0000880366

- **Item B.1.d - LEI:** 5493006N9MF7V29DK342

- **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):** Franklin Advisers, Inc.

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-650-312-3000

- **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):** Brandywine Global Investment Management, LLC

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

- **Street 2:** Suite 1800

- **c. City:** Philadelphia

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

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

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

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

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

**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):** Legg Mason Partners Investment 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:** 1-877-721-1926

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

**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):** CLEARBRIDGE INVESTMENTS, LLC

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

- **Street 2:** 18th 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:** 1-800-691-6960

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

**Location books Record: 8**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-800-632-2350

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

**Location books Record: 9**

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

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

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10010

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 21

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                         |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-21477, 811-22338, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                          |
| G. Peter O'Brien   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                          |
| Ken Miller         | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                          |
| Susan M. Heilbron  | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                          |
| Andrew L. Breech   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                          |
| Arnold L. Lehman   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                          |
| Stephen R. Gross   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                          |
| Thomas F. Schlafly | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                          |

### 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 - ClearBridge Sustainability Leaders Fund

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

- **a. Full Name of the Fund:** ClearBridge Sustainability Leaders Fund

- **b. Series identification number, if any:** S000048737

- **c. LEI:** 549300MM5U00C251LY98

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000153525                                | LCISX                        |
|                           2 | Class A                 | C000153520                                | CLSUX                        |
|                           3 | Class FI                | C000153523                                | LCSTX                        |
|                           4 | Class C                 | C000153522                                | CAABX                        |
|                           5 | Class R                 | C000153524                                | CBSLX                        |
|                           6 | Class IS                | C000153526                                | LCILX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000137028

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

- **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, 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:** 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: 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:** 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: 5**

- **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: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

- **ii. LEI, if any:** 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:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** 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:** 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:** 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:** $1,836.52

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,358.68

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,200.19

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,024.80

**Brokers Record: 5**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,642.31

**Brokers Record: 6**

- **i. Full name of broker:** BERNSTEIN INSTITUTIONAL SERVICES LLC

- **ii. SEC file number:** 008-71053

- **iii. CRD number:** 000317807

- **iv. LEI, if any:** 2549006LECDZGK4RBC19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,375.05

**Brokers Record: 7**

- **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:** $1,183.73

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,263.13

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,539.56

**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:** $718.80

**Aggregate Commission:** $18,972.90

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

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $97,324.00                |
| BARCLAYS CAPITAL, INC.     | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $101,696.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $199,020.00

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

- **Item C.19.a - Fund's monthly average net assets:** $105,212,920.91

**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:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 7 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 8 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 9 Name of institution:** STANDARD CHARTERED BANK

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

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

  - **Line Institutions Record: 12 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 13 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 14 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 15 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 17 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 18 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

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

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

- **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 - ClearBridge Small Cap Growth Fund

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

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

- **b. Series identification number, if any:** S000016663

- **c. LEI:** 5493003T8SLPG056ZG32

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000046571                                | SBPYX                        |
|                           2 | Class R                 | C000046570                                | LMPOX                        |
|                           3 | Class IS                | C000063670                                | LMOIX                        |
|                           4 | Class C                 | C000046567                                | SCSMX                        |
|                           5 | Class FI                | C000046569                                | LMPSX                        |
|                           6 | Class 1                 | C000046572                                | LMPMX                        |
|                           7 | Class A                 | C000046565                                | SASMX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

**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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

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

- **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:** 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: 2**

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

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

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** 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: 4**

- **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: 5**

- **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: 6**

- **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

- **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:** 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:** $112,660.24

**Brokers Record: 2**

- **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:** $87,175.20

**Brokers Record: 3**

- **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:** $145,922.27

**Brokers Record: 4**

- **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:** $92,450.04

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $50,471.31

**Brokers Record: 6**

- **i. Full name of broker:** JONESTRADING

- **ii. SEC file number:** 008-26089

- **iii. CRD number:** 000006888

- **iv. LEI, if any:** 2138008JJ5PA8H5UIL69

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $55,354.14

**Brokers Record: 7**

- **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:** $76,747.42

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $75,193.21

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $56,543.12

**Brokers Record: 10**

- **i. Full name of broker:** ROBERT W. BAIRD & CO. INC.

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

- **iii. CRD number:** 000008158

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $67,650.60

**Aggregate Commission:** $1,054,786.86

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

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC       | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $4,365,606.00             |
| SUSQUEHANNA FINANCIAL GROUP LLLP | 008-44325         |    000035865 | 549300E8QX0ZMRDC2M81 | PA      | US        | $11,957,000.00            |
| CitiGroup Global Markets Inc.    | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $2,043,030.00             |
| BOFA SECURITIES, INC.            | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $3,427,900.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $21,793,536.00

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

- **Item C.19.a - Fund's monthly average net assets:** $2,572,878,270.56

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

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

  - **Line Institutions Record: 2 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

  - **Line Institutions Record: 4 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 6 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 7 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 9 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 11 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 12 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 14 Name of institution:** ROYAL BANK OF CANADA

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

  - **Line Institutions Record: 16 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 17 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 18 Name of institution:** THE BANK OF NOVA SCOTIA

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

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

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

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

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

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

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

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

### Management Investment Record: 3 - Franklin Global Equity Fund

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

- **a. Full Name of the Fund:** Franklin Global Equity Fund

- **b. Series identification number, if any:** S000016668

- **c. LEI:** 5493006PBJT8YTX0VI46

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000046590                                | CFIPX                        |
|                           2 | Class I                 | C000046593                                | SMYIX                        |
|                           3 | Class 1                 | C000046594                                | LMPEX                        |
|                           4 | Class C                 | C000046592                                | SILLX                        |
|                           5 | Class IS                | C000183979                                | SMYSX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** 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:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **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, 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:** 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: 2**

- **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: 3**

- **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: 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:** 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: 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:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** 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:** 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:** $7,611.87

**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:** $1,601.63

**Brokers Record: 3**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,392.26

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,097.26

**Brokers Record: 5**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 008-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,723.56

**Brokers Record: 6**

- **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:** $30,841.75

**Brokers Record: 7**

- **i. Full name of broker:** RBC CAPITAL MARKETS, LLC

- **ii. SEC file number:** 008-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,601.82

**Brokers Record: 8**

- **i. Full name of broker:** SG AMERICAS SECURITIES LLC

- **ii. SEC file number:** 008-66125

- **iii. CRD number:** 000128351

- **iv. LEI, if any:** 549300F35UE0BOM1WJ55

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,182.95

**Brokers Record: 9**

- **i. Full name of broker:** The Depository Trust Company

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300HBJLRO8YFMI370

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,593.19

**Brokers Record: 10**

- **i. Full name of broker:** CitiGroup Global Markets Inc.

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,735.28

**Aggregate Commission:** $97,899.91

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

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

- **Item C.19.a - Fund's monthly average net assets:** $453,253,000.81

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 2 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 4 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

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

  - **Line Institutions Record: 7 Name of institution:** ROYAL BANK OF CANADA

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

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

  - **Line Institutions Record: 10 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 12 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 13 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 14 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 16 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 17 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 18 Name of institution:** THE TORONTO-DOMINION BANK

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

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

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

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

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

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

### Management Investment Record: 4 - ClearBridge International Value Fund

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

- **a. Full Name of the Fund:** ClearBridge International Value Fund

- **b. Series identification number, if any:** S000016247

- **c. LEI:** 5493004YVI7FCGQTRT70

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000044909                                | SBIEX                        |
|                           2 | Class I                 | C000044912                                | SBIYX                        |
|                           3 | Class C                 | C000044911                                | SBICX                        |
|                           4 | Class IS                | C000066228                                | LSIUX                        |
|                           5 | Class R                 | C000059794                                | LIORX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

- **d. Were any expenses previously waived recouped during the period?** 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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

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

- **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:** 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: 3**

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

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** 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: 5**

- **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: 6**

- **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

- **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:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** 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:** 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:** 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:** $13,423.15

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,694.66

**Brokers Record: 3**

- **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:** $2,863.75

**Brokers Record: 4**

- **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:** $5,921.26

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,093.30

**Brokers Record: 6**

- **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:** $7,207.23

**Brokers Record: 7**

- **i. Full name of broker:** Berenberg Capital Markets LLC

- **ii. SEC file number:** 008-68821

- **iii. CRD number:** 000156757

- **iv. LEI, if any:** 5493007EG0CYRKKG9L11

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,633.32

**Brokers Record: 8**

- **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:** $3,054.89

**Brokers Record: 9**

- **i. Full name of broker:** DAIWA CAPITAL MARKETS AMERICA INC.

- **ii. SEC file number:** 008-12242

- **iii. CRD number:** 000001576

- **iv. LEI, if any:** M67H5PRC0NQKM73ZAS82

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,365.60

**Brokers Record: 10**

- **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:** $2,861.55

**Aggregate Commission:** $76,640.11

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

| Name                   | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL, INC. | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $193,310.72               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $193,310.72

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

- **Item C.19.a - Fund's monthly average net assets:** $166,593,172.53

**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:** ROYAL BANK OF CANADA

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

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

  - **Line Institutions Record: 4 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

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

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

  - **Line Institutions Record: 8 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 10 Name of institution:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 12 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 15 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 17 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 18 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

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

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

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

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

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

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

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

### Management Investment Record: 5 - ClearBridge Mid Cap Growth Fund

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

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

- **b. Series identification number, if any:** S000029718

- **c. LEI:** 5493008XO83F0P2DSQ60

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000091381                                | LBGIX                        |
|                           2 | Class IS                | C000091382                                | LCMIX                        |
|                           3 | Class R                 | C000091379                                | LCMRX                        |
|                           4 | Class C                 | C000091377                                | LBGCX                        |
|                           5 | Class A                 | C000091376                                | LBGAX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

- **d. Were any expenses previously waived recouped during the period?** 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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

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

- **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, 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:** 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: 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:** ICE Data Pricing & Reference Data, LLC

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

- **ii. LEI, if any:** 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:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** 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:** 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:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,141.92

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,606.82

**Brokers Record: 3**

- **i. Full name of broker:** JP 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:** $1,737.88

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,733.29

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,692.64

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,222.85

**Brokers Record: 7**

- **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:** $1,919.12

**Brokers Record: 8**

- **i. Full name of broker:** CAPIS

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,589.00

**Brokers Record: 9**

- **i. Full name of broker:** STIFEL, NICOLAUS & CO INC

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,833.40

**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:** $1,624.00

**Aggregate Commission:** $30,185.90

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

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MORGAN STANLEY & CO. LLC   | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $1,434,947.00             |
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,048,750.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,483,697.00

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

- **Item C.19.a - Fund's monthly average net assets:** $280,386,758.14

**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:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 2 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 4 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 6 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 8 Name of institution:** MORGAN STANLEY BANK, N.A.

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

  - **Line Institutions Record: 10 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 11 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

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

  - **Line Institutions Record: 14 Name of institution:** BARCLAYS BANK PLC

  - **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:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

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

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

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

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

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

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

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

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

### Management Investment Record: 6 - ClearBridge Mid Cap Fund

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

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

- **b. Series identification number, if any:** S000004162

- **c. LEI:** 54930011YLUI7OR8NW97

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000011723                                | SBMAX                        |
|                           2 | Class 1                 | C000011727                                | SMCPX                        |
|                           3 | Class R                 | C000060700                                | LMREX                        |
|                           4 | Class I                 | C000011726                                | SMBYX                        |
|                           5 | Class C                 | C000011725                                | SBMLX                        |
|                           6 | Class IS                | C000066225                                | LSIRX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000137028

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

- **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, LLC

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** 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: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

- **vi. Is the custodian a sub-custodian?:** Yes

- **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:** Franklin Distributors, LLC

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $34,605.36

**Brokers Record: 2**

- **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:** $39,434.84

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,551.28

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $69,460.66

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,059.45

**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:** $20,307.88

**Brokers Record: 7**

- **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:** $55,626.83

**Brokers Record: 8**

- **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:** $46,814.77

**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:** $46,008.77

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $61,379.86

**Aggregate Commission:** $564,980.83

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

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,887,750.00             |
| MORGAN STANLEY & CO. LLC   | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $8,672,518.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,560,268.00

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

- **Item C.19.a - Fund's monthly average net assets:** $1,694,802,977.63

**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:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 2 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** CITIBANK, N.A.

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

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

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 13 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 14 Name of institution:** BARCLAYS BANK PLC

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

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

  - **Line Institutions Record: 17 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

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

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

- **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: 7 - ClearBridge Appreciation Fund

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

- **a. Full Name of the Fund:** ClearBridge Appreciation Fund

- **b. Series identification number, if any:** S000016651

- **c. LEI:** 549300ZFR48NDB3HQ435

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R                 | C000046518                                | LMPPX                        |
|                           2 | Class IS                | C000063669                                | LMESX                        |
|                           3 | Class A                 | C000046514                                | SHAPX                        |
|                           4 | Class C                 | C000046516                                | SAPCX                        |
|                           5 | Class FI                | C000046519                                | LMPIX                        |
|                           6 | Class I                 | C000046517                                | SAPYX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

- **c. Are the fees waived subject to recoupment?** 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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** 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: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

- **ii. LEI, if any:** 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:** Franklin Distributors, LLC

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**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:** 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:** $5,162.25

**Brokers Record: 2**

- **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:** $13,059.25

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,170.96

**Brokers Record: 4**

- **i. Full name of broker:** CAPIS

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,385.45

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $118,368.86

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $195,624.13

**Brokers Record: 7**

- **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:** $46,302.87

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000000705

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,446.20

**Brokers Record: 9**

- **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:** $6,326.16

**Brokers Record: 10**

- **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:** $14,126.12

**Aggregate Commission:** $421,073.25

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

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

- **Item C.19.a - Fund's monthly average net assets:** $9,091,149,648.15

**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:** BARCLAYS BANK PLC

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

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

  - **Line Institutions Record: 4 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 7 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

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

  - **Line Institutions Record: 10 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 14 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 15 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 17 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 18 Name of institution:** MORGAN STANLEY BANK, N.A.

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

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

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

- **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: 8 - ClearBridge Large Cap Value Fund

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

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

- **b. Series identification number, if any:** S000016669

- **c. LEI:** 5493008X4JXB7WRB6E40

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000046597                                | SINOX                        |
|                           2 | Class 1                 | C000127016                                | LCLIX                        |
|                           3 | Class A                 | C000046595                                | SINAX                        |
|                           4 | Class R                 | C000063680                                | LCBVX                        |
|                           5 | Class IS                | C000063682                                | LMLSX                        |
|                           6 | Class I                 | C000046599                                | SAIFX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

**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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

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

- **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, 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:** 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: 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:** 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: 5**

- **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: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

- **ii. LEI, if any:** 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:** 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:** Clarion Partners Securities, LLC

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,430.00

**Brokers Record: 2**

- **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:** $21,514.25

**Brokers Record: 3**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 008-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,424.00

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,076.36

**Brokers Record: 5**

- **i. Full name of broker:** CAPIS

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $17,310.55

**Brokers Record: 6**

- **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:** $38,517.48

**Brokers Record: 7**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,716.00

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000000705

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,382.20

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $95,836.57

**Brokers Record: 10**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,950.50

**Aggregate Commission:** $296,057.26

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

| Name                | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $23,714,125.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $23,714,125.00

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

- **Item C.19.a - Fund's monthly average net assets:** $2,427,424,245.84

**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:** STATE STREET BANK AND TRUST COMPANY

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

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

  - **Line Institutions Record: 4 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 5 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 6 Name of institution:** THE BANK OF NOVA SCOTIA

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

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

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

  - **Line Institutions Record: 10 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 11 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

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

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

  - **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:** BARCLAYS BANK PLC

- **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   |
|:---|:---|
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Total Return Fund                                             | 811-04986         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Templeton Foreign Fund                                                 | 811-02781         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin International Equity Fund                                     | 811-22338         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam Global Income Trust                                             | 811-04524         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin Equity Income Fund                                            | 811-04986         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Managed Income fund                                           | 811-04986         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Templeton World Fund                                                   | 811-02781         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Western Asset Total Return ETF                                         | 811-23096         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| International Equity Series                                            | 811-06135         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Martin Currie Emerging Markets 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: 9 - ClearBridge Select Fund

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

- **a. Full Name of the Fund:** ClearBridge Select Fund

- **b. Series identification number, if any:** S000039065

- **c. LEI:** 549300YEGM5C2DH89B56

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000120104                                | LCLCX                        |
|                           2 | Class I                 | C000120108                                | LBFIX                        |
|                           3 | Class FI                | C000120105                                | LCBSX                        |
|                           4 | Class R                 | C000120106                                | CBSCX                        |
|                           5 | Class IS                | C000120107                                | LCSSX                        |
|                           6 | Class A                 | C000120103                                | LCLAX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

- **d. Were any expenses previously waived recouped during the period?** 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:** ClearBridge Investments, LLC

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

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **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, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** CA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** 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: 3**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** 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:** 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:** 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

- **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:** 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:** $58,024.86

**Brokers Record: 2**

- **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:** $50,574.54

**Brokers Record: 3**

- **i. Full name of broker:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $41,721.04

**Brokers Record: 4**

- **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:** $106,779.60

**Brokers Record: 5**

- **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:** $70,471.92

**Brokers Record: 6**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $56,168.80

**Brokers Record: 7**

- **i. Full name of broker:** CAPIS

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $43,902.72

**Brokers Record: 8**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $39,555.02

**Brokers Record: 9**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,099.14

**Brokers Record: 10**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $39,726.24

**Aggregate Commission:** $758,622.45

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC  | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $13,370,508.00            |
| BOFA SECURITIES, INC.    | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $23,009,405.00            |
| MORGAN STANLEY & CO. LLC | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $26,226,760.53            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $62,606,673.53

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,488,568,069.87

**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:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 4 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 5 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 6 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 8 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 9 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 11 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 13 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 14 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 15 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 16 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 17 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 18 Name of institution:** BARCLAYS BANK PLC

- **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 LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin International Growth Fund                                     | 811-10157         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| International Equity Series                                            | 811-06135         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Managed Income fund                                           | 811-04986         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Growth Fund                                                   | 811-00537         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Global Income Trust                                             | 811-04524         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam International Value Fund                                        | 811-07513         |
| ClearBridge Growth Fund                                                | 811-06444         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Utilities Fund                                                | 811-00537         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - ClearBridge Tactical Dividend Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Tactical Dividend Income Fund

- **b. Series identification number, if any:** S000016241

- **c. LEI:** 549300RZNIVSD1X0ND90

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000044885                                | SMDLX                        |
|                           2 | Class IS                | C000127029                                | LCBDX                        |
|                           3 | Class I                 | C000044886                                | LADIX                        |
|                           4 | Class A                 | C000044883                                | CFLGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** 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:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **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:** 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: 5**

- **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: 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:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,190.42

**Brokers Record: 2**

- **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:** $7,352.28

**Brokers Record: 3**

- **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:** $28,820.54

**Brokers Record: 4**

- **i. Full name of broker:** CAPIS

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,399.96

**Brokers Record: 5**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,165.31

**Brokers Record: 6**

- **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:** $10,363.06

**Brokers Record: 7**

- **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:** $13,733.88

**Brokers Record: 8**

- **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:** $10,472.00

**Brokers Record: 9**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,017.47

**Brokers Record: 10**

- **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:** $24,156.96

**Aggregate Commission:** $201,367.68

**Item C.17.a. Principal transaction counterparties.**

| Name                            | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC         | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $8,587,597.56             |
| Wells Fargo Securities LLC      | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $3,868,814.00             |
| J.P. Morgan Securities LLC      | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $10,257,672.15            |
| BOFA SECURITIES, INC.           | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $32,309,654.67            |
| NATIONAL FINANCIAL SERVICES LLC | 008-26740         |    000013041 | 549300JRHF1MHHWUAW04 | MA      | US        | $1,854,925.50             |
| CitiGroup Global Markets Inc.   | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $2,197,969.37             |
| MORGAN STANLEY & CO. LLC        | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $12,315,410.33            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $71,392,043.58

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $362,311,418.65

**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:** BARCLAYS BANK PLC

  - **Line Institutions Record: 2 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 3 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 6 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 12 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 14 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 15 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 16 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 17 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 18 Name of institution:** UMB BANK, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                           | SEC File number   |
|:---|:---|
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam Global Income Trust                                             | 811-04524         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Growth Fund                                                   | 811-00537         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| International Equity Series                                            | 811-06135         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin International Growth Fund                                     | 811-10157         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| ClearBridge Select Fund                                                | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Utilities Fund                                                | 811-00537         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| ClearBridge International Value Fund                                   | 811-06444         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin International Equity Fund                                     | 811-22338         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Putnam International Value Fund                                        | 811-07513         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Putnam Income Fund                                                     | 811-00653         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason Partners Investment Trust

**Date:** 2026-01-09

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer