# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0001752724-25-202248
**Filing Date:** 2025-8
**Character Count:** 106150
**Document Hash:** 7f9fb88f71c5898fd24715fb57530af4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202248.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202248

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 251250339

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

Schedule of Investments (unaudited)

June 30, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Common Stocks — 98.5%** | **Common Stocks — 98.5%** | **Common Stocks — 98.5%** |
| **Communication Services — 4.7%** | **Communication Services — 4.7%** | **Communication Services — 4.7%** |
| *Diversified Telecommunication Services — 2.4%* | *Diversified Telecommunication Services — 2.4%* | *Diversified Telecommunication Services — 2.4%* |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG, Registered Shares | &nbsp;&nbsp; 89991 | &nbsp;&nbsp;&nbsp; $3293995<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | &nbsp;&nbsp; 260018 | &nbsp;&nbsp;&nbsp; 1268417<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Telefonica SA | &nbsp;&nbsp; 239181 | &nbsp;&nbsp;&nbsp; 1258829<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp; 67198 | &nbsp;&nbsp;&nbsp; 1046421<br> <sup>(a)</sup><br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *6867662* |
| *Entertainment — 1.9%* | *Entertainment — 1.9%* | *Entertainment — 1.9%* |
| &nbsp;&nbsp;&nbsp; Konami Group Corp. | &nbsp;&nbsp; 13600 | &nbsp;&nbsp;&nbsp; 2150184<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR | &nbsp;&nbsp; 12929 | &nbsp;&nbsp;&nbsp; 2,067,864<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Spotify Technology SA | &nbsp;&nbsp; 1802 | &nbsp;&nbsp;&nbsp; 1,382,747<br> \*<br>|
| *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *5600795* |
| *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* | *Interactive Media & Services — 0.4%* |
| &nbsp;&nbsp;&nbsp; Auto Trader Group PLC | &nbsp;&nbsp; 107101 | &nbsp;&nbsp;&nbsp;&nbsp; *1213111*<br> <sup>(a)</sup><br>|
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **13681568** |
| **Consumer Discretionary — 11.2%** | **Consumer Discretionary — 11.2%** | **Consumer Discretionary — 11.2%** |
| *Automobile Components — 0.5%* | *Automobile Components — 0.5%* | *Automobile Components — 0.5%* |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp; 17478 | &nbsp;&nbsp;&nbsp;&nbsp; *1525440*<br> <sup>(a)</sup><br>|
| *Automobiles — 1.8%* | *Automobiles — 1.8%* | *Automobiles — 1.8%* |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp; 32300 | &nbsp;&nbsp;&nbsp; 409174<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp; 25157 | &nbsp;&nbsp;&nbsp; 1465651<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp; 84900 | &nbsp;&nbsp;&nbsp; 1471860<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp; 104200 | &nbsp;&nbsp;&nbsp; 1794636<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *5141321* |
| *Broadline Retail — 0.7%* | *Broadline Retail — 0.7%* | *Broadline Retail — 0.7%* |
| &nbsp;&nbsp;&nbsp; Next PLC | &nbsp;&nbsp; 12133 | &nbsp;&nbsp;&nbsp;&nbsp; *2072243*<br> <sup>(a)</sup><br>|
| *Diversified Consumer Services — 0.3%* | *Diversified Consumer Services — 0.3%* | *Diversified Consumer Services — 0.3%* |
| &nbsp;&nbsp;&nbsp; Pearson PLC | &nbsp;&nbsp; 53537 | &nbsp;&nbsp;&nbsp;&nbsp; *788654*<br> <sup>(a)</sup><br>|
| *Hotels, Restaurants & Leisure — 0.9%* | *Hotels, Restaurants & Leisure — 0.9%* | *Hotels, Restaurants & Leisure — 0.9%* |
| &nbsp;&nbsp;&nbsp; Aristocrat Leisure Ltd. | &nbsp;&nbsp; 30736 | &nbsp;&nbsp;&nbsp; 1316877<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; InterContinental Hotels Group PLC | &nbsp;&nbsp; 11169 | &nbsp;&nbsp;&nbsp; 1277010<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *2593887* |
| *Household Durables — 1.9%* | *Household Durables — 1.9%* | *Household Durables — 1.9%* |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp; 143900 | &nbsp;&nbsp;&nbsp; 1539633<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | &nbsp;&nbsp; 148800 | &nbsp;&nbsp;&nbsp; 3868848<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *5408481* |
| *Leisure Products — 0.6%* | *Leisure Products — 0.6%* | *Leisure Products — 0.6%* |
| &nbsp;&nbsp;&nbsp; Bandai Namco Holdings Inc. | &nbsp;&nbsp; 52700 | &nbsp;&nbsp;&nbsp;&nbsp; *1888727*<br> <sup>(a)</sup><br>|
| *Specialty Retail — 0.5%* | *Specialty Retail — 0.5%* | *Specialty Retail — 0.5%* |
| &nbsp;&nbsp;&nbsp; Industria de Diseno Textil SA | &nbsp;&nbsp; 28806 | &nbsp;&nbsp;&nbsp;&nbsp; *1502716*<br> <sup>(a)</sup><br>|
| *Textiles, Apparel & Luxury Goods — 4.0%* | *Textiles, Apparel & Luxury Goods — 4.0%* | *Textiles, Apparel & Luxury Goods — 4.0%* |
| &nbsp;&nbsp;&nbsp; adidas AG | &nbsp;&nbsp; 8030 | &nbsp;&nbsp;&nbsp; 1874442<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asics Corp. | &nbsp;&nbsp; 73400 | &nbsp;&nbsp;&nbsp; 1871728<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA, Registered Shares | &nbsp;&nbsp; 11197 | &nbsp;&nbsp;&nbsp; 2118840<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hermes International SCA | &nbsp;&nbsp; 1024 | &nbsp;&nbsp;&nbsp; 2775927<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp; 2394 | &nbsp;&nbsp;&nbsp; 1252972<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

June 30, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Textiles, Apparel & Luxury Goods — continued* | *Textiles, Apparel & Luxury Goods — continued* | *Textiles, Apparel & Luxury Goods — continued* |
| &nbsp;&nbsp;&nbsp; Pandora A/S | &nbsp;&nbsp; 10516 | &nbsp;&nbsp;&nbsp; $1852871<br> <sup>(a)</sup><br>|
| *Total Textiles, Apparel & Luxury Goods* | *Total Textiles, Apparel & Luxury Goods* | &nbsp;&nbsp; *11746780* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **32668249** |
| **Consumer Staples — 9.8%** | **Consumer Staples — 9.8%** | **Consumer Staples — 9.8%** |
| *Beverages — 0.8%* | *Beverages — 0.8%* | *Beverages — 0.8%* |
| &nbsp;&nbsp;&nbsp; Coca-Cola HBC AG | &nbsp;&nbsp; 34115 | &nbsp;&nbsp;&nbsp; 1782258<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kirin Holdings Co. Ltd. | &nbsp;&nbsp; 38400 | &nbsp;&nbsp;&nbsp; 538123<br> <sup>(a)</sup><br>|
| *Total Beverages* | *Total Beverages* | &nbsp;&nbsp; *2320381* |
| *Consumer Staples Distribution & Retail — 2.8%* | *Consumer Staples Distribution & Retail — 2.8%* | *Consumer Staples Distribution & Retail — 2.8%* |
| &nbsp;&nbsp;&nbsp; Carrefour SA | &nbsp;&nbsp; 79139 | &nbsp;&nbsp;&nbsp; 1116353<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Empire Co. Ltd., Class A Shares | &nbsp;&nbsp; 39300 | &nbsp;&nbsp;&nbsp; 1630874<br>|
| &nbsp;&nbsp;&nbsp; George Weston Ltd. | &nbsp;&nbsp; 2433 | &nbsp;&nbsp;&nbsp; 487958<br>|
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp; 51409 | &nbsp;&nbsp;&nbsp; 2147172<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Loblaw Cos. Ltd. | &nbsp;&nbsp; 4353 | &nbsp;&nbsp;&nbsp; 720039<br>|
| &nbsp;&nbsp;&nbsp; Marks & Spencer Group PLC | &nbsp;&nbsp; 220888 | &nbsp;&nbsp;&nbsp; 1075067<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tesco PLC | &nbsp;&nbsp; 183040 | &nbsp;&nbsp;&nbsp; 1009196<br> <sup>(a)</sup><br>|
| *Total Consumer Staples Distribution & Retail* | *Total Consumer Staples Distribution & Retail* | &nbsp;&nbsp; *8186659* |
| *Food Products — 3.0%* | *Food Products — 3.0%* | *Food Products — 3.0%* |
| &nbsp;&nbsp;&nbsp; Associated British Foods PLC | &nbsp;&nbsp; 24610 | &nbsp;&nbsp;&nbsp; 695340<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kerry Group PLC, Class A Shares | &nbsp;&nbsp; 11954 | &nbsp;&nbsp;&nbsp; 1320754<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nestle SA, Registered Shares | &nbsp;&nbsp; 53778 | &nbsp;&nbsp;&nbsp; 5346952<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; WH Group Ltd. | &nbsp;&nbsp; 1547500 | &nbsp;&nbsp;&nbsp; 1491468<br> <sup>(a)</sup><br>|
| *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *8854514* |
| *Personal Care Products — 2.7%* | *Personal Care Products — 2.7%* | *Personal Care Products — 2.7%* |
| &nbsp;&nbsp;&nbsp; Kao Corp. | &nbsp;&nbsp; 38600 | &nbsp;&nbsp;&nbsp; 1729496<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; L'Oreal SA | &nbsp;&nbsp; 6046 | &nbsp;&nbsp;&nbsp; 2589825<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Unilever PLC | &nbsp;&nbsp; 56797 | &nbsp;&nbsp;&nbsp; 3466109<br> <sup>(a)</sup><br>|
| *Total Personal Care Products* | *Total Personal Care Products* | &nbsp;&nbsp; *7785430* |
| *Tobacco — 0.5%* | *Tobacco — 0.5%* | *Tobacco — 0.5%* |
| &nbsp;&nbsp;&nbsp; Imperial Brands PLC | &nbsp;&nbsp; 38286 | &nbsp;&nbsp;&nbsp;&nbsp; *1512686*<br> <sup>(a)</sup><br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **28659670** |
| **Energy — 3.2%** | **Energy — 3.2%** | **Energy — 3.2%** |
| *Oil, Gas & Consumable Fuels — 3.2%* | *Oil, Gas & Consumable Fuels — 3.2%* | *Oil, Gas & Consumable Fuels — 3.2%* |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings Inc. | &nbsp;&nbsp; 194800 | &nbsp;&nbsp;&nbsp; 965591<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp; 40574 | &nbsp;&nbsp;&nbsp; 1024658<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Idemitsu Kosan Co. Ltd. | &nbsp;&nbsp; 150800 | &nbsp;&nbsp;&nbsp; 914509<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp; 63000 | &nbsp;&nbsp;&nbsp; 884342<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; MEG Energy Corp. | &nbsp;&nbsp; 35300 | &nbsp;&nbsp;&nbsp; 666986<br>|
| &nbsp;&nbsp;&nbsp; Shell PLC | &nbsp;&nbsp; 43637 | &nbsp;&nbsp;&nbsp; 1522475<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp; 54285 | &nbsp;&nbsp;&nbsp; 3318044<br> <sup>(a)</sup><br>|
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **9296605** |
| **Financials — 21.7%** | **Financials — 21.7%** | **Financials — 21.7%** |
| *Banks — 12.1%* | *Banks — 12.1%* | *Banks — 12.1%* |
| &nbsp;&nbsp;&nbsp; AIB Group PLC | &nbsp;&nbsp; 223520 | &nbsp;&nbsp;&nbsp; 1844677<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp; 455707 | &nbsp;&nbsp;&nbsp; 1450767<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp; 424635 | &nbsp;&nbsp;&nbsp; 3516351<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC | &nbsp;&nbsp; 482195 | &nbsp;&nbsp;&nbsp; 2228113<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp; 29524 | &nbsp;&nbsp;&nbsp; $2648353<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia | &nbsp;&nbsp; 21111 | &nbsp;&nbsp;&nbsp; 2569383<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp; 48257 | &nbsp;&nbsp;&nbsp; 1334527<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC | &nbsp;&nbsp; 375579 | &nbsp;&nbsp;&nbsp; 4543075<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp; 97206 | &nbsp;&nbsp;&nbsp; 2130531<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp; 433505 | &nbsp;&nbsp;&nbsp; 2497167<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC | &nbsp;&nbsp; 494943 | &nbsp;&nbsp;&nbsp; 520442<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group Inc. | &nbsp;&nbsp; 41800 | &nbsp;&nbsp;&nbsp; 569884<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NatWest Group PLC | &nbsp;&nbsp; 332395 | &nbsp;&nbsp;&nbsp; 2334395<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC | &nbsp;&nbsp; 98249 | &nbsp;&nbsp;&nbsp; 1625878<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group Inc. | &nbsp;&nbsp; 43800 | &nbsp;&nbsp;&nbsp; 1102926<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp; 51814 | &nbsp;&nbsp;&nbsp; 3475858<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. | &nbsp;&nbsp; 51751 | &nbsp;&nbsp;&nbsp; 1153350<br> <sup>(a)</sup><br>|
| *Total Banks* | *Total Banks* | &nbsp;&nbsp; *35545677* |
| *Capital Markets — 2.8%* | *Capital Markets — 2.8%* | *Capital Markets — 2.8%* |
| &nbsp;&nbsp;&nbsp; 3i Group PLC | &nbsp;&nbsp; 43793 | &nbsp;&nbsp;&nbsp; 2478343<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG, Registered Shares | &nbsp;&nbsp; 96636 | &nbsp;&nbsp;&nbsp; 2864816<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Onex Corp. | &nbsp;&nbsp; 9616 | &nbsp;&nbsp;&nbsp; 791594<br>|
| &nbsp;&nbsp;&nbsp; Singapore Exchange Ltd. | &nbsp;&nbsp; 112400 | &nbsp;&nbsp;&nbsp; 1316117<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Registered Shares | &nbsp;&nbsp; 21485 | &nbsp;&nbsp;&nbsp; 729454<br> <sup>(a)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *8180324* |
| *Financial Services — 0.8%* | *Financial Services — 0.8%* | *Financial Services — 0.8%* |
| &nbsp;&nbsp;&nbsp; EXOR NV | &nbsp;&nbsp; 16398 | &nbsp;&nbsp;&nbsp; 1655338<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Investor AB, Class B Shares | &nbsp;&nbsp; 20601 | &nbsp;&nbsp;&nbsp; 610477<br> <sup>(a)</sup><br>|
| *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *2265815* |
| *Insurance — 6.0%* | *Insurance — 6.0%* | *Insurance — 6.0%* |
| &nbsp;&nbsp;&nbsp; Aegon Ltd. | &nbsp;&nbsp; 203375 | &nbsp;&nbsp;&nbsp; 1473800<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp; 52200 | &nbsp;&nbsp;&nbsp; 472851<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allianz SE, Registered Shares | &nbsp;&nbsp; 9184 | &nbsp;&nbsp;&nbsp; 3727175<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings Inc. | &nbsp;&nbsp; 242300 | &nbsp;&nbsp;&nbsp; 1842112<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Japan Post Holdings Co. Ltd. | &nbsp;&nbsp; 71600 | &nbsp;&nbsp;&nbsp; 663175<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Japan Post Insurance Co. Ltd. | &nbsp;&nbsp; 42100 | &nbsp;&nbsp;&nbsp; 953155<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings Inc. | &nbsp;&nbsp; 70300 | &nbsp;&nbsp;&nbsp; 1571599<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares | &nbsp;&nbsp; 3230 | &nbsp;&nbsp;&nbsp; 2097350<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp; 22021 | &nbsp;&nbsp;&nbsp; 1465257<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sompo Holdings Inc. | &nbsp;&nbsp; 49900 | &nbsp;&nbsp;&nbsp; 1503727<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Suncorp Group Ltd. | &nbsp;&nbsp; 129052 | &nbsp;&nbsp;&nbsp; 1839203<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *17609404* |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **63601220** |
| **Health Care — 11.1%** | **Health Care — 11.1%** | **Health Care — 11.1%** |
| *Biotechnology — 0.3%* | *Biotechnology — 0.3%* | *Biotechnology — 0.3%* |
| &nbsp;&nbsp;&nbsp; Genmab A/S | &nbsp;&nbsp; 3774 | &nbsp;&nbsp;&nbsp; *783,741*<br> \*<sup>(a)</sup><br>|
| *Health Care Equipment & Supplies — 0.8%* | *Health Care Equipment & Supplies — 0.8%* | *Health Care Equipment & Supplies — 0.8%* |
| &nbsp;&nbsp;&nbsp; Hoya Corp. | &nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp; 783830<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Olympus Corp. | &nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp; 724577<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sonova Holding AG, Registered Shares | &nbsp;&nbsp; 2806 | &nbsp;&nbsp;&nbsp; 836821<br> <sup>(a)</sup><br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *2345228* |

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

June 30, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Health Care Providers & Services — 0.1%* | *Health Care Providers & Services — 0.1%* | *Health Care Providers & Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA | &nbsp;&nbsp; 7917 | &nbsp;&nbsp;&nbsp; $*398405*<br> <sup>(a)</sup><br>|
| *Health Care Technology — 0.3%* | *Health Care Technology — 0.3%* | *Health Care Technology — 0.3%* |
| &nbsp;&nbsp;&nbsp; Pro Medicus Ltd. | &nbsp;&nbsp; 5136 | &nbsp;&nbsp;&nbsp;&nbsp; *961124*<br> <sup>(a)</sup><br>|
| *Pharmaceuticals — 9.6%* | *Pharmaceuticals — 9.6%* | *Pharmaceuticals — 9.6%* |
| &nbsp;&nbsp;&nbsp; AstraZeneca PLC | &nbsp;&nbsp; 14316 | &nbsp;&nbsp;&nbsp; 1992346<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chugai Pharmaceutical Co. Ltd. | &nbsp;&nbsp; 35200 | &nbsp;&nbsp;&nbsp; 1838067<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Daiichi Sankyo Co. Ltd. | &nbsp;&nbsp; 55900 | &nbsp;&nbsp;&nbsp; 1295097<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GSK PLC | &nbsp;&nbsp; 132826 | &nbsp;&nbsp;&nbsp; 2532523<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals PLC | &nbsp;&nbsp; 24270 | &nbsp;&nbsp;&nbsp; 662305<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ipsen SA | &nbsp;&nbsp; 5750 | &nbsp;&nbsp;&nbsp; 684927<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Novartis AG, Registered Shares | &nbsp;&nbsp; 42220 | &nbsp;&nbsp;&nbsp; 5124542<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B Shares | &nbsp;&nbsp; 48996 | &nbsp;&nbsp;&nbsp; 3395131<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Otsuka Holdings Co. Ltd. | &nbsp;&nbsp; 21900 | &nbsp;&nbsp;&nbsp; 1085787<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp; 15476 | &nbsp;&nbsp;&nbsp; 5051674<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp; 28091 | &nbsp;&nbsp;&nbsp; 2719594<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp; 86200 | &nbsp;&nbsp;&nbsp; 1551797<br> <sup>(a)</sup><br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *27933790* |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **32422288** |
| **Industrials — 17.6%** | **Industrials — 17.6%** | **Industrials — 17.6%** |
| *Aerospace & Defense — 3.4%* | *Aerospace & Defense — 3.4%* | *Aerospace & Defense — 3.4%* |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp; 2901 | &nbsp;&nbsp;&nbsp; 606891<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BAE Systems PLC | &nbsp;&nbsp; 105642 | &nbsp;&nbsp;&nbsp; 2741715<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Leonardo SpA  | &nbsp;&nbsp; 36456 | &nbsp;&nbsp;&nbsp; 2057098<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC | &nbsp;&nbsp; 251608 | &nbsp;&nbsp;&nbsp; 3334472<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp; 3710 | &nbsp;&nbsp;&nbsp; 1209921<br> <sup>(a)</sup><br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *9950097* |
| *Building Products — 1.6%* | *Building Products — 1.6%* | *Building Products — 1.6%* |
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain SA | &nbsp;&nbsp; 23061 | &nbsp;&nbsp;&nbsp; 2709097<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Geberit AG, Registered Shares | &nbsp;&nbsp; 2317 | &nbsp;&nbsp;&nbsp; 1824741<br> <sup>(a)</sup><br>|
| *Total Building Products* | *Total Building Products* | &nbsp;&nbsp; *4533838* |
| *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* | *Commercial Services & Supplies — 0.4%* |
| &nbsp;&nbsp;&nbsp; Brambles Ltd. | &nbsp;&nbsp; 76594 | &nbsp;&nbsp;&nbsp;&nbsp; *1182902*<br> <sup>(a)</sup><br>|
| *Construction & Engineering — 1.7%* | *Construction & Engineering — 1.7%* | *Construction & Engineering — 1.7%* |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp; 27268 | &nbsp;&nbsp;&nbsp; 1895333<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bouygues SA | &nbsp;&nbsp; 35296 | &nbsp;&nbsp;&nbsp; 1596252<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp; 10904 | &nbsp;&nbsp;&nbsp; 1532157<br> <sup>(a)</sup><br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *5023742* |
| *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* |
| &nbsp;&nbsp;&nbsp; ABB Ltd., Registered Shares | &nbsp;&nbsp; 37429 | &nbsp;&nbsp;&nbsp; 2243077<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | &nbsp;&nbsp; 3809 | &nbsp;&nbsp;&nbsp; 1022659<br> <sup>(a)</sup><br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *3265736* |
| *Industrial Conglomerates — 1.5%* | *Industrial Conglomerates — 1.5%* | *Industrial Conglomerates — 1.5%* |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp; 109900 | &nbsp;&nbsp;&nbsp; 3194172<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Siemens AG, Registered Shares | &nbsp;&nbsp; 4951 | &nbsp;&nbsp;&nbsp; 1271705<br> <sup>(a)</sup><br>|
| *Total Industrial Conglomerates* | *Total Industrial Conglomerates* | &nbsp;&nbsp; *4465877* |
| *Machinery — 4.3%* | *Machinery — 4.3%* | *Machinery — 4.3%* |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class A Shares | &nbsp;&nbsp; 54912 | &nbsp;&nbsp;&nbsp; 887708<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

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Franklin International Equity Fund 2025 Quarterly Report

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 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Machinery — continued* | *Machinery — continued* | *Machinery — continued* |
| &nbsp;&nbsp;&nbsp; GEA Group AG | &nbsp;&nbsp; 22198 | &nbsp;&nbsp;&nbsp; $1556082<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Knorr-Bremse AG | &nbsp;&nbsp; 11472 | &nbsp;&nbsp;&nbsp; 1112749<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Makita Corp. | &nbsp;&nbsp; 42600 | &nbsp;&nbsp;&nbsp; 1311993<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp; 117300 | &nbsp;&nbsp;&nbsp; 2935361<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rational AG | &nbsp;&nbsp; 846 | &nbsp;&nbsp;&nbsp; 710892<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Schindler Holding AG | &nbsp;&nbsp; 4161 | &nbsp;&nbsp;&nbsp; 1549432<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wartsila oyj Abp | &nbsp;&nbsp; 57277 | &nbsp;&nbsp;&nbsp; 1353706<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 632000 | &nbsp;&nbsp;&nbsp; 1102903<br> <sup>(a)</sup><br>|
| *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *12520826* |
| *Marine Transportation — 0.5%* | *Marine Transportation — 0.5%* | *Marine Transportation — 0.5%* |
| &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, Class B Shares | &nbsp;&nbsp; 811 | &nbsp;&nbsp;&nbsp;&nbsp; *1508216*<br> <sup>(a)</sup><br>|
| *Professional Services — 2.2%* | *Professional Services — 2.2%* | *Professional Services — 2.2%* |
| &nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. | &nbsp;&nbsp; 39300 | &nbsp;&nbsp;&nbsp; 2311101<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; RELX PLC | &nbsp;&nbsp; 51066 | &nbsp;&nbsp;&nbsp; 2767659<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wolters Kluwer NV | &nbsp;&nbsp; 7500 | &nbsp;&nbsp;&nbsp; 1254286<br> <sup>(a)</sup><br>|
| *Total Professional Services* | *Total Professional Services* | &nbsp;&nbsp; *6333046* |
| *Trading Companies & Distributors — 0.3%* | *Trading Companies & Distributors — 0.3%* | *Trading Companies & Distributors — 0.3%* |
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. | &nbsp;&nbsp; 48900 | &nbsp;&nbsp;&nbsp;&nbsp; *977114*<br> <sup>(a)</sup><br>|
| *Transportation Infrastructure — 0.6%* | *Transportation Infrastructure — 0.6%* | *Transportation Infrastructure — 0.6%* |
| &nbsp;&nbsp;&nbsp; Aena SME SA | &nbsp;&nbsp; 66420 | &nbsp;&nbsp;&nbsp;&nbsp; *1773001*<br> <sup>(a)</sup><br>|
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **51534395** |
| **Information Technology — 8.8%** | **Information Technology — 8.8%** | **Information Technology — 8.8%** |
| *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* | *Electronic Equipment, Instruments & Components — 0.8%* |
| &nbsp;&nbsp;&nbsp; TDK Corp. | &nbsp;&nbsp; 96300 | &nbsp;&nbsp;&nbsp; 1124067<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Yokogawa Electric Corp. | &nbsp;&nbsp; 50500 | &nbsp;&nbsp;&nbsp; 1349050<br> <sup>(a)</sup><br>|
| *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | &nbsp;&nbsp; *2473117* |
| *IT Services — 0.3%* | *IT Services — 0.3%* | *IT Services — 0.3%* |
| &nbsp;&nbsp;&nbsp; Wix.com Ltd. | &nbsp;&nbsp; 5856 | &nbsp;&nbsp;&nbsp; *927,942*<br> \*<br>|
| *Semiconductors & Semiconductor Equipment — 4.0%* | *Semiconductors & Semiconductor Equipment — 4.0%* | *Semiconductors & Semiconductor Equipment — 4.0%* |
| &nbsp;&nbsp;&nbsp; Advantest Corp. | &nbsp;&nbsp; 29500 | &nbsp;&nbsp;&nbsp; 2186866<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp; 8016 | &nbsp;&nbsp;&nbsp; 6423516<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tokyo Electron Ltd. | &nbsp;&nbsp; 15600 | &nbsp;&nbsp;&nbsp; 2987548<br> <sup>(a)</sup><br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *11597930* |
| *Software — 3.4%* | *Software — 3.4%* | *Software — 3.4%* |
| &nbsp;&nbsp;&nbsp; Check Point Software Technologies Ltd. | &nbsp;&nbsp; 9460 | &nbsp;&nbsp;&nbsp; 2,093,025<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Sage Group PLC | &nbsp;&nbsp; 82683 | &nbsp;&nbsp;&nbsp; 1419899<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp; 20770 | &nbsp;&nbsp;&nbsp; 6351040<br> <sup>(a)</sup><br>|
| *Total Software* | *Total Software* | &nbsp;&nbsp; *9863964* |
| *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* | *Technology Hardware, Storage & Peripherals — 0.3%* |
| &nbsp;&nbsp;&nbsp; Ricoh Co. Ltd. | &nbsp;&nbsp; 94600 | &nbsp;&nbsp;&nbsp;&nbsp; *892778*<br> <sup>(a)</sup><br>|
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **25755731** |
| **Materials — 5.2%** | **Materials — 5.2%** | **Materials — 5.2%** |
| *Chemicals — 1.2%* | *Chemicals — 1.2%* | *Chemicals — 1.2%* |
| &nbsp;&nbsp;&nbsp; Air Liquide SA | &nbsp;&nbsp; 4607 | &nbsp;&nbsp;&nbsp; 949969<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp; 74100 | &nbsp;&nbsp;&nbsp; 527501<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Givaudan SA, Registered Shares | &nbsp;&nbsp; 217 | &nbsp;&nbsp;&nbsp; 1052347<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

June 30, 2025

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Chemicals — continued* | *Chemicals — continued* | *Chemicals — continued* |
| &nbsp;&nbsp;&nbsp; Nitto Denko Corp. | &nbsp;&nbsp; 59300 | &nbsp;&nbsp;&nbsp; $1145170<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *3674987* |
| *Construction Materials — 0.9%* | *Construction Materials — 0.9%* | *Construction Materials — 0.9%* |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | &nbsp;&nbsp; 11480 | &nbsp;&nbsp;&nbsp;&nbsp; *2703503*<br> <sup>(a)</sup><br>|
| *Metals & Mining — 3.1%* | *Metals & Mining — 3.1%* | *Metals & Mining — 3.1%* |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp; 75284 | &nbsp;&nbsp;&nbsp; 1811152<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BlueScope Steel Ltd. | &nbsp;&nbsp; 56538 | &nbsp;&nbsp;&nbsp; 861556<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dundee Precious Metals Inc. | &nbsp;&nbsp; 88358 | &nbsp;&nbsp;&nbsp; 1419698<br>|
| &nbsp;&nbsp;&nbsp; Evraz PLC | &nbsp;&nbsp; 161909 | &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp; 92453 | &nbsp;&nbsp;&nbsp; 929359<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kinross Gold Corp. | &nbsp;&nbsp; 99400 | &nbsp;&nbsp;&nbsp; 1553319<br>|
| &nbsp;&nbsp;&nbsp; OceanaGold Corp. | &nbsp;&nbsp; 73733 | &nbsp;&nbsp;&nbsp; 1040682<br>|
| &nbsp;&nbsp;&nbsp; Rio Tinto PLC | &nbsp;&nbsp; 24160 | &nbsp;&nbsp;&nbsp; 1406211<br> <sup>(a)</sup><br>|
| *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *9021977* |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **15400467** |
| **Real Estate — 1.1%** | **Real Estate — 1.1%** | **Real Estate — 1.1%** |
| *Real Estate Management & Development — 0.8%* | *Real Estate Management & Development — 0.8%* | *Real Estate Management & Development — 0.8%* |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp; 63500 | &nbsp;&nbsp;&nbsp; 280595<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Daiwa House Industry Co. Ltd. | &nbsp;&nbsp; 30900 | &nbsp;&nbsp;&nbsp; 1061811<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mitsubishi Estate Co. Ltd. | &nbsp;&nbsp; 46600 | &nbsp;&nbsp;&nbsp; 873616<br> <sup>(a)</sup><br>|
| *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | &nbsp;&nbsp; *2216022* |
| *Retail REITs — 0.3%* | *Retail REITs — 0.3%* | *Retail REITs — 0.3%* |
| &nbsp;&nbsp;&nbsp; Klepierre SA | &nbsp;&nbsp; 24915 | &nbsp;&nbsp;&nbsp;&nbsp; *985122*<br> <sup>(a)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **3201144** |
| **Utilities — 4.1%** | **Utilities — 4.1%** | **Utilities — 4.1%** |
| *Electric Utilities — 1.6%* | *Electric Utilities — 1.6%* | *Electric Utilities — 1.6%* |
| &nbsp;&nbsp;&nbsp; Endesa SA | &nbsp;&nbsp; 38919 | &nbsp;&nbsp;&nbsp; 1232762<br>|
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp; 176227 | &nbsp;&nbsp;&nbsp; 3390261<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *4623023* |
| *Gas Utilities — 0.8%* | *Gas Utilities — 0.8%* | *Gas Utilities — 0.8%* |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp; 43300 | &nbsp;&nbsp;&nbsp; 1110642<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp; 42500 | &nbsp;&nbsp;&nbsp; 1413639<br> <sup>(a)</sup><br>|
| *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *2524281* |
| *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* | *Independent Power and Renewable Electricity Producers — 0.4%* |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp; 26325 | &nbsp;&nbsp;&nbsp;&nbsp; *1100074*<br> <sup>(a)</sup><br>|
| *Multi-Utilities — 1.3%* | *Multi-Utilities — 1.3%* | *Multi-Utilities — 1.3%* |
| &nbsp;&nbsp;&nbsp; Centrica PLC | &nbsp;&nbsp; 795148 | &nbsp;&nbsp;&nbsp; 1764253<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp; 82966 | &nbsp;&nbsp;&nbsp; 1949934<br> <sup>(a)</sup><br>|
| *Total Multi-Utilities* | *Total Multi-Utilities* | &nbsp;&nbsp; *3714187* |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **11961565** |
| **Total Investments before Short-Term Investments (Cost — $228,188,664)** | **Total Investments before Short-Term Investments (Cost — $228,188,664)** | &nbsp;&nbsp; **288182902** |

---

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

 **Franklin International Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security | Rate | Shares | Value |
| **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional Class (Cost — $3,248,291)  | &nbsp;&nbsp; 4.226% | &nbsp;&nbsp; 3248291<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$3248291**<br> <sup>(d)</sup><br>|
| **Total Investments — 99.6% (Cost — $231,436,955)** | **Total Investments — 99.6% (Cost — $231,436,955)** | **Total Investments — 99.6% (Cost — $231,436,955)** | &nbsp;&nbsp; **291431193** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.4% | &nbsp;&nbsp;&nbsp; 1231015 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$292662208** |

---

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

\* Non-income producing security.

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

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

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

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

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ADR |  | American Depositary Receipts |

---

At June 30, 2025, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation<br>|
| **Contracts to Buy:** <br>|  |  |  |  |  |
| MSCI EAFE Index | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 9/25 | &nbsp;&nbsp;&nbsp;&nbsp; $2266214 | &nbsp;&nbsp;&nbsp;&nbsp; $2279445 | &nbsp;&nbsp;&nbsp; **$13231** |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Franklin International Equity Fund 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Franklin International Equity Fund (the "Fund") is a separate diversified investment series of Legg Mason Global Asset Management Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board"). This may include using an independent third party pricing service to adjust the value of such securities to the latest indications of fair value at 4:00 p.m. (Eastern Time).

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

------

Franklin International Equity Fund 2025 Quarterly Report

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GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)\*<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | &nbsp;&nbsp; $3450611 | &nbsp;&nbsp; $10230957 | &nbsp;&nbsp; — | &nbsp;&nbsp; $13681568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | &nbsp;&nbsp; 2838871 | &nbsp;&nbsp; 25820799 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28659670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | &nbsp;&nbsp; 666986 | &nbsp;&nbsp; 8629619 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9296605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; 791594 | &nbsp;&nbsp; 62809626 | &nbsp;&nbsp; — | &nbsp;&nbsp; 63601220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | &nbsp;&nbsp; 3020967 | &nbsp;&nbsp; 22734764 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25755731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | &nbsp;&nbsp; 4013699 | &nbsp;&nbsp; 11386768 | &nbsp;&nbsp; $0<br> \*\*<br>| &nbsp;&nbsp; 15400467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | &nbsp;&nbsp; 1232762 | &nbsp;&nbsp; 10728803 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11961565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 119826076 | &nbsp;&nbsp; — | &nbsp;&nbsp; 119826076 |
| Total Long-Term Investments | &nbsp;&nbsp; 16015490 | &nbsp;&nbsp; 272167412 | &nbsp;&nbsp; 0<br> \*\*<br>| &nbsp;&nbsp; 288182902 |
| Short-Term Investments† | &nbsp;&nbsp; 3248291 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3248291 |
| **Total Investments** | &nbsp;&nbsp; **$19263781** | &nbsp;&nbsp; **$272167412** | &nbsp;&nbsp; **$0**<br> **\*\***<br>| &nbsp;&nbsp; **$291431193** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $13231 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $13231 |
| **Total** | &nbsp;&nbsp; **$19277012** | &nbsp;&nbsp; **$272167412** | &nbsp;&nbsp; **$0**<br> **\*\***<br>| &nbsp;&nbsp; **$291444424** |

---

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

---

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

---

------

Franklin International Equity Fund 2025 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Legg Mason Global Asset Management Trust

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

- **c. CIK number of Registrant:** 0001474103

- **d. LEI of Registrant:** 549300BI5I8NVF50DG69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 International Drive

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $292737658.80

**Total Liabilities:** $428805.23

**Net Assets:** $292308853.57

**Cash Not Reported:** $546935.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112916 | 4.57%                | 4.06%                | 2.15%                |
| Class ID C000112915 | 4.65%                | 4.17%                | 2.21%                |
| Class ID C000112913 | 4.68%                | 4.21%                | 2.24%                |
| Class ID C000112911 | 4.65%                | 4.09%                | 2.23%                |
| Class ID C000112914 | 4.69%                | 4.17%                | 2.25%                |
| Class ID C000112910 | 4.66%                | 4.15%                | 2.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1163946.29              | $9865871.92                                |
| Month 2  | $88487.52                | $9445442.32                                |
| Month 3  | $328052.96               | $5913817.90                                |

### Schedule of Portfolio Investments

| Name                           | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dai-ichi Life Holdings Inc     | Dai-ichi Life Holdings Inc                                | CUSIP: 000000000<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |    242300 | NS      | $1842111.58   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                        | EXOR NV                                                   | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     16398 | NS      | $1655337.58   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd         | Singapore Exchange Ltd                                    | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |    112400 | NS      | $1316117.10   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC         | Standard Chartered PLC                                    | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     98249 | NS      | $1625878.25   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio     | Invesco Treasury Portfolio                                | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   2901341 | NS      | $2901340.58   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd                   | Brambles Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     76594 | NS      | $1182902.09   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp                    | Subaru Corp                                               | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     84900 | NS      | $1471859.96   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                      | Tesco PLC                                                 | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |    183040 | NS      | $1009195.30   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                       | RELX PLC                                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     51066 | NS      | $2767658.71   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Evraz PLC                      | Evraz PLC                                                 | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | RU        |    161909 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Telefonica SA                  | Telefonica SA                                             | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    239181 | NS      | $1258829.44   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                    | Pandora A/S                                               | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     10516 | NS      | $1852870.66   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     56797 | NS      | $3466108.45   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    332395 | NS      | $2334394.70   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou | Sumitomo Mitsui Financial Group Inc                       | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     43800 | NS      | $1102926.11   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                       | Engie SA                                                  | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     82966 | NS      | $1949933.60   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG           | Schindler Holding AG                                      | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      4161 | NS      | $1549432.39   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd       | Mitsubishi Estate Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |     46600 | NS      | $873615.73    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd          | Daiichi Sankyo Co Ltd                                     | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     55900 | NS      | $1295097.14   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Idemitsu Kosan Co Ltd          | Idemitsu Kosan Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300P0R46FF6DUA630 | Long             | EC               | CORP              | JP        |    150800 | NS      | $914509.02    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC              | HSBC Holdings PLC                                         | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    375579 | NS      | $4543075.41   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                    | Givaudan SA                                               | CUSIP: 000000000<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       217 | NS      | $1052347.40   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                                        | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     15600 | NS      | $2987547.63   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                         | RWE AG                                                    | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     26325 | NS      | $1100074.19   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      4607 | NS      | $949968.62    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                    | Novartis AG                                               | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     42220 | NS      | $5124541.53   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                        | GSK PLC                                                   | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    132826 | NS      | $2532522.88   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     39300 | NS      | $2311100.91   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     15476 | NS      | $5051674.18   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                   | DNB Bank ASA                                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     48257 | NS      | $1334526.99   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd                  | Fortescue Ltd                                             | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     92453 | NS      | $929359.09    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA           | Banco de Sabadell SA                                      | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |    455707 | NS      | $1450766.58   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd               | Isuzu Motors Ltd                                          | CUSIP: 000000000<br>LEI: 529900C0QSXVCC7AR494 | Long             | EC               | CORP              | JP        |     32300 | NS      | $409174.45    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA                      | Endesa SA                                                 | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     38919 | NS      | $1232762.26   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     54912 | NS      | $887707.89    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                                         | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    104200 | NS      | $1794635.76   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                    | Wix.com Ltd                                               | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      5856 | NS      | $927941.76    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG               | Coca-Cola HBC AG                                          | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     34115 | NS      | $1782257.58   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                      | Nestle SA                                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     53778 | NS      | $5346951.51   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                     | Asics Corp                                                | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |     73400 | NS      | $1871728.07   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| OCEANAGOLD CORP                | OCEANAGOLD CORP                                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     73733 | NS      | $1040686.37   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA                             | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     28806 | NS      | $1502715.48   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc             | Sompo Holdings Inc                                        | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     49900 | NS      | $1503726.64   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikma Pharmaceuticals PLC      | Hikma Pharmaceuticals PLC                                 | CUSIP: 000000000<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | GB        |     24270 | NS      | $662304.69    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccio | ACS Actividades de Construccion y Servicios SA            | CUSIP: 000000000<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |     27268 | NS      | $1895333.42   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA         | Fresenius SE & Co KGaA                                    | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      7917 | NS      | $398405.51    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co Ltd    | Japan Post Insurance Co Ltd                               | CUSIP: 000000000<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |     42100 | NS      | $953154.75    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    482195 | NS      | $2228112.63   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co Ltd               | Tokyo Gas Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |     42500 | NS      | $1413639.41   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                       | Next PLC                                                  | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     12133 | NS      | $2072243.36   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      1802 | NS      | $1382746.68   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp                | MEG Energy Corp                                           | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |     35300 | NS      | $666986.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      8016 | NS      | $6423516.07   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                       | Ipsen SA                                                  | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |      5750 | NS      | $684927.36    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings | MS&AD Insurance Group Holdings Inc                        | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     70300 | NS      | $1571599.26   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                    | NN Group NV                                               | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     22021 | NS      | $1465257.51   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA         | Cie de Saint-Gobain SA                                    | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     23061 | NS      | $2709096.64   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                                             | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     24160 | NS      | $1406211.43   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                   | Klepierre SA                                              | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     24915 | NS      | $985121.76    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     54285 | NS      | $3318043.63   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                                        | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    424635 | NS      | $3516350.53   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.         | MSCI EAFE                                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        17 | NC      | $13230.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC            | Imperial Brands PLC                                       | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     38286 | NS      | $1512686.25   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Loblaw Cos Ltd                 | Loblaw Cos Ltd                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      4353 | NS      | $720039.10    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ricoh Co Ltd                   | Ricoh Co Ltd                                              | CUSIP: 000000000<br>LEI: 549300HFIB2GRUMDID72 | Long             | EC               | CORP              | JP        |     94600 | NS      | $892778.44    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV  | Koninklijke Ahold Delhaize NV                             | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     51409 | NS      | $2147171.46   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Makita Corp                    | Makita Corp                                               | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     42600 | NS      | $1311993.35   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA                                  | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      1024 | NS      | $2775926.58   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Dundee Precious Metals Inc     | Dundee Precious Metals Inc                                | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     88358 | NS      | $1419697.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                     | Siemens AG                                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4951 | NS      | $1271704.94   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                   | Carrefour SA                                              | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |     79139 | NS      | $1116353.06   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S         | AP Moller - Maersk A/S                                    | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       811 | NS      | $1508215.53   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia | Commonwealth Bank of Australia                            | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     21111 | NS      | $2569383.42   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                                | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      6046 | NS      | $2589825.29   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd          | CK Asset Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     63500 | NS      | $280595.33    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd                      | Aegon Ltd                                                 | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | NL        |    203375 | NS      | $1473800.51   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp               | Asahi Kasei Corp                                          | CUSIP: 000000000<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |     74100 | NS      | $527500.59    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                      | Shell PLC                                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     43637 | NS      | $1522475.46   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                | Kerry Group PLC                                           | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     11954 | NS      | $1320754.37   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                   | GEA Group AG                                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     22198 | NS      | $1556081.89   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp                     | Inpex Corp                                                | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     63000 | NS      | $884341.61    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG              | Sonova Holding AG                                         | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      2806 | NS      | $836820.72    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp           | Westpac Banking Corp                                      | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     51751 | NS      | $1153350.11   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                   | Olympus Corp                                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     61000 | NS      | $724577.71    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Lt | Mitsubishi Heavy Industries Ltd                           | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    117300 | NS      | $2935360.73   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                     | Geberit AG                                                | CUSIP: 000000000<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      2317 | NS      | $1824741.44   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd     | Japan Post Holdings Co Ltd                                | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |     71600 | NS      | $663174.78    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd              | Shionogi & Co Ltd                                         | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     86200 | NS      | $1551796.60   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire Co Ltd                  | Empire Co Ltd                                             | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     39300 | NS      | $1630874.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp              | Konami Group Corp                                         | CUSIP: 000000000<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |     13600 | NS      | $2150183.76   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| George Weston Ltd              | George Weston Ltd                                         | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |      2433 | NS      | $487957.87    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                                             | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     75284 | NS      | $1811152.15   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                    | Pearson PLC                                               | CUSIP: 000000000<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |     53537 | NS      | $788653.83    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA            | Intesa Sanpaolo SpA                                       | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    433505 | NS      | $2497166.50   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                 | Continental AG                                            | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     17478 | NS      | $1525440.38   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Associated British Foods PLC   | Associated British Foods PLC                              | CUSIP: 000000000<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |     24610 | NS      | $695339.80    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     14316 | NS      | $1992345.80   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd         | Otsuka Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     21900 | NS      | $1085786.78   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp                       | Kao Corp                                                  | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     38600 | NS      | $1729496.45   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     43793 | NS      | $2478342.77   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues SA                    | Bouygues SA                                               | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     35296 | NS      | $1596251.79   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| TDK Corp                       | TDK Corp                                                  | CUSIP: 000000000<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |     96300 | NS      | $1124067.19   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                                  | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    251608 | NS      | $3334472.13   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                         | SAP SE                                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     20770 | NS      | $6351039.45   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co Ltd    | Daiwa House Industry Co Ltd                               | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |     30900 | NS      | $1061810.81   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                   | Leonardo SpA                                              | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     36456 | NS      | $2057098.23   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings Inc             | ENEOS Holdings Inc                                        | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    194800 | NS      | $965591.08    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd            | BlueScope Steel Ltd                                       | CUSIP: 000000000<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |     56538 | NS      | $861556.38    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd              | Suncorp Group Ltd                                         | CUSIP: 000000000<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |    129052 | NS      | $1839202.98   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA                               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     11197 | NS      | $2118840.52   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                   | Centrica PLC                                              | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    795148 | NS      | $1764253.25   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      3809 | NS      | $1022658.97   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group | Mitsubishi UFJ Financial Group Inc                        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     41800 | NS      | $569884.15    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                                    | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     25157 | NS      | $1465650.86   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                      | Hoya Corp                                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      6600 | NS      | $783829.92    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                                              | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     97206 | NS      | $2130530.90   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                | Pro Medicus Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      5136 | NS      | $961123.75    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                      | Sanofi SA                                                 | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     28091 | NS      | $2719594.04   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd   | Chugai Pharmaceutical Co Ltd                              | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     35200 | NS      | $1838067.44   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                    | Investor AB                                               | CUSIP: 000000000<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     20601 | NS      | $610477.41    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp               | Wartsila OYJ Abp                                          | CUSIP: 000000000<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     57277 | NS      | $1353705.40   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG               | Deutsche Bank AG                                          | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     96636 | NS      | $2864816.00   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Onex Corp                      | Onex Corp                                                 | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |      9616 | NS      | $791594.35    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                | Knorr-Bremse AG                                           | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     11472 | NS      | $1112749.14   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     52200 | NS      | $472850.76    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV              | Wolters Kluwer NV                                         | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      7500 | NS      | $1254285.83   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technolog | Check Point Software Technologies Ltd                     | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      9460 | NS      | $2093025.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                | BAE Systems PLC                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    105642 | NS      | $2741714.90   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      3774 | NS      | $783740.67    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                      | Safran SA                                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      3710 | NS      | $1209920.81   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp               | Nitto Denko Corp                                          | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     59300 | NS      | $1145170.36   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     29524 | NS      | $2648353.22   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group PLC      | Marks & Spencer Group PLC                                 | CUSIP: 000000000<br>LEI: 213800EJP14A79ZG1X44 | Long             | EC               | CORP              | GB        |    220888 | NS      | $1075067.27   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    148800 | NS      | $3868848.55   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Re                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      3230 | NS      | $2097350.36   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group  | InterContinental Hotels Group PLC                         | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     11169 | NS      | $1277009.71   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                  | UniCredit SpA                                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     51814 | NS      | $3475858.42   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    176227 | NS      | $3390260.46   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd                   | WH Group Ltd                                              | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |   1547500 | NS      | $1491468.32   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp              | Kinross Gold Corp                                         | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     99400 | NS      | $1553318.89   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co Ltd          | Kirin Holdings Co Ltd                                     | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |     38400 | NS      | $538123.40    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     40574 | NS      | $1024658.02   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp                | Mitsubishi Corp                                           | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     48900 | NS      | $977114.11    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                  | AIB Group PLC                                             | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    223520 | NS      | $1844677.48   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     89991 | NS      | $3293994.62   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp         | Yokogawa Electric Corp                                    | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |     50500 | NS      | $1349049.98   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                    | Telenor ASA                                               | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     67198 | NS      | $1046420.46   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC       | Lloyds Banking Group PLC                                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    494943 | NS      | $520441.74    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                              | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     21485 | NS      | $729453.78    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                 | Advantest Corp                                            | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     29500 | NS      | $2186865.86   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                    | Rational AG                                               | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |       846 | NS      | $710892.35    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd         | Aristocrat Leisure Ltd                                    | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     30736 | NS      | $1316877.58   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                      | Airbus SE                                                 | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |      2901 | NS      | $606891.37    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                   | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     37429 | NS      | $2243076.55   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV             | Koninklijke KPN NV                                        | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    260018 | NS      | $1268417.25   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp        | Panasonic Holdings Corp                                   | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |    143900 | NS      | $1539632.61   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                     | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      9184 | NS      | $3727175.28   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandai Namco Holdings Inc      | Bandai Namco Holdings Inc                                 | CUSIP: 000000000<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |     52700 | NS      | $1888726.64   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                    | Aena SME SA                                               | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     66420 | NS      | $1773000.91   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE                       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      2394 | NS      | $1252971.67   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi | Yangzijiang Shipbuilding Holdings Ltd                     | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | CN        |    632000 | NS      | $1102902.88   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd               | Osaka Gas Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     43300 | NS      | $1110641.89   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     48996 | NS      | $3395131.27   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC          | Auto Trader Group PLC                                     | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    107101 | NS      | $1213111.20   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG        | Heidelberg Materials AG                                   | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     11480 | NS      | $2703503.30   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The             | Sage Group PLC/The                                        | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     82683 | NS      | $1419899.19   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                    | Hitachi Ltd                                               | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    109900 | NS      | $3194172.48   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                     | Eiffage SA                                                | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     10904 | NS      | $1532156.84   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |     12929 | NS      | $2067864.26   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                      | adidas AG                                                 | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      8030 | NS      | $1874442.29   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer