# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-23-035977
**Filing Date:** 2023-2
**Character Count:** 31475
**Document Hash:** 750df94aa83278b23e2223d1d338e912
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035977.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035977

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001176343
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 23657689

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legg Mason Partners Variable Portfolios IV
- **DATE OF NAME CHANGE:** 20060501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY MULTIPLE DISCIPLINE TRUST
- **DATE OF NAME CHANGE:** 20021004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY MULTIPLE DISCIPLINE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 20020626

## Series and Classes Contracts Data

### ClearBridge Variable Appreciation Portfolio (Series ID: S000017013)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047270 | Class I      | QLMAOX          |
| C000053699 | Class II     | CVAPX           |

## 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 Partners Variable Equity Trust

- **b. Investment Company Act file number:** 811-21128

- **c. CIK number of Registrant:** 0001176343

- **d. LEI of Registrant:** 549300W9EP2BXVLOGN89

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-877-721-1926

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

- **a. Name of Series:** ClearBridge Variable Appreciation Portfolio

- **b. EDGAR series identifier (if any):** S000017013

- **c. LEI of Series:** 549300JPS8VIXKYYNE50

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $900717625.30

**Total Liabilities:** $665555.29

**Net Assets:** $900052070.01

**Cash Not Reported:** $9886.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047270 | 8.61%                | 5.66%                | -4.49%               |
| Class ID C000053699 | 8.58%                | 5.65%                | -4.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-692182.99              | $72186452.55                               |
| Month 2  | $4826662.19              | $44229132.28                               |
| Month 3  | $1025644.38              | $-44302355.63                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COCA-COLA CO                                             | COCA-COLA CO                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    163514 | NS      | $10401125.54  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                          | T-Mobile US Inc                                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     78690 | NS      | $11016600.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                                    | TRAVELERS COS INC/THE                                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    106390 | NS      | $19947061.10  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                                           | WALT DISNEY CO                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     59754 | NS      | $5191427.52   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                              | NVIDIA Corp                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     28837 | NS      | $4214239.18   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                  | PROCTER & GAMBLE CO/THE                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     86778 | NS      | $13152073.68  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                                               | ECOLAB INC                                               | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     39047 | NS      | $5683681.32   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                                      | Emerson Electric Co                                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     19027 | NS      | $1827733.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COS INC                                              | TJX COS INC                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    261863 | NS      | $20844294.80  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                           | Air Products and Chemicals Inc                           | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     46168 | NS      | $14231747.68  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                            | CME Group Inc                                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     43564 | NS      | $7325722.24   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                            | Intercontinental Exchange Inc                            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     34524 | NS      | $3541817.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                                         | EXXON MOBIL CORP                                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    145253 | NS      | $16021405.90  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                        | JOHNSON & JOHNSON                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    125978 | NS      | $22254013.70  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC-A                             | MONDELEZ INTERNATIONAL INC                               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    134237 | NS      | $8946896.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                | Teledyne Technologies Inc                                | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      8134 | NS      | $3252867.94   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                  | Activision Blizzard Inc                                  | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     83338 | NS      | $6379523.90   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd                             | Canadian Pacific Railway Ltd                             | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     85955 | NS      | $6411383.45   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Gr                           | Hartford Financial Services Group Inc/The                | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     62218 | NS      | $4717990.94   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER NATURAL RESOURCES CO                             | PIONEER NATURAL RESOURCES CO                             | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     63427 | NS      | $14486092.53  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                                | Ball Corp                                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    105233 | NS      | $5381615.62   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                       | Meta Platforms Inc                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     19344 | NS      | $2327856.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Premier Institutional US Treasury Reserves | Western Asset Premier Institutional US Treasury Reserves | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        |   5062439 | NS      | $5062439.23   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                    | Northrop Grumman Corp                                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      5136 | NS      | $2802252.96   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                        | General Motors Co                                        | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    126396 | NS      | $4251961.44   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                                  | Becton Dickinson and Co                                  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     36706 | NS      | $9334335.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                               | Raytheon Technologies Corp                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    200758 | NS      | $20260497.36  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                              | HONEYWELL INTERNATIONAL INC                              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    101095 | NS      | $21664658.50  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                      | PayPal Holdings Inc                                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     35580 | NS      | $2534007.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                | APPLE INC                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    345806 | NS      | $44930573.58  | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                       | Union Pacific Corp                                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     16081 | NS      | $3329892.67   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                   | UNITEDHEALTH GROUP INC                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     55708 | NS      | $29535267.44  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                              | WALMART INC                                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    131931 | NS      | $18706496.49  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                               | PFIZER INC                                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    260786 | NS      | $13362674.64  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                              | PEPSICO INC                                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     65927 | NS      | $11910371.82  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                                       | PPG INDUSTRIES INC                                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    102852 | NS      | $12932610.48  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE-CL B                               | UNITED PARCEL SERVICE INC                                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     75815 | NS      | $13179679.60  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                             | COMCAST CORP-CLASS A                                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    297495 | NS      | $10403400.15  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                      | Arista Networks Inc                                      | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     32353 | NS      | $3926036.55   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                              | ORACLE CORP                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    104892 | NS      | $8573872.08   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                               | VERIZON COMMUNICATIONS INC                               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    166811 | NS      | $6572353.40   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                | Tesla Inc                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     21819 | NS      | $2687664.42   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                               | US BANCORP                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    108684 | NS      | $4739709.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                       | NEXTERA ENERGY INC                                       | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35056 | NS      | $2930681.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                                  | Sherwin-Williams Co/The                                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     29317 | NS      | $6957803.61   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                   | Palo Alto Networks Inc                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      6034 | NS      | $841984.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                                         | MERCK & CO. INC.                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    206924 | NS      | $22958217.80  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                           | Eli Lilly & Co                                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     31323 | NS      | $11459206.32  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                            | Marriott International Inc/MD                            | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     20737 | NS      | $3087531.93   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                          | ASML Holding NV                                          | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     13333 | NS      | $7285151.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                             | THERMO FISHER SCIENTIFIC INC                             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     33461 | NS      | $18426638.09  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                                      | VULCAN MATERIALS CO                                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     43259 | NS      | $7575083.49   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                      | AMERICAN TOWER CORP                                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     51513 | NS      | $10913544.18  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                     | BANK OF AMERICA CORP                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    438382 | NS      | $14519211.84  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                 | EQT Corp                                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    133921 | NS      | $4530547.43   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE SYSTEMS INC                                        | ADOBE SYSTEMS INC                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     29084 | NS      | $9787638.52   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                       | Enphase Energy Inc                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     14522 | NS      | $3847749.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                   | Berkshire Hathaway Inc                                   | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |        69 | NS      | $32341056.24  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                             | Stryker Corp                                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     31517 | NS      | $7705591.33   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC                                     | WASTE MANAGEMENT INC                                     | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     91843 | NS      | $14408329.84  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                           | HOME DEPOT INC                                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     52244 | NS      | $16501789.84  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMORGAN CHASE & CO                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    175309 | NS      | $23508936.90  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC SHARES                                          | VISA INC SHARES                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    113082 | NS      | $23493916.32  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                           | MICROSOFT CORP                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    250107 | NS      | $59980660.74  | 6.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC/DE                                     | KINDER MORGAN INC                                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    263565 | NS      | $4765255.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                         | ArcelorMittal SA                                         | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    310639 | NS      | $8144954.58   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                            | Automatic Data Processing Inc                            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     70802 | NS      | $16911765.72  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL C                                        | ALPHABET INC                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    142014 | NS      | $12600902.22  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA ENERGY                                            | SEMPRA ENERGY                                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     25505 | NS      | $3941542.70   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                             | CHEVRON CORP                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116216 | NS      | $20859609.84  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                           | Eaton Corp PLC                                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     54467 | NS      | $8548595.65   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                           | Amazon.com Inc                                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    212323 | NS      | $17835132.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan 100% US Treasury Securities Money Market Fund   | JPMorgan 100% US Treasury Securities Money Market Fund   | CUSIP: 4812A2835<br>LEI: 549300BS6M6EE7LNA816 | Long             | STIV             | RF                | US        |  20249755 | NS      | $20249755.38  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL A                                        | ALPHABET INC                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    157358 | NS      | $13883696.34  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                     | Progressive Corp/The                                     | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     81435 | NS      | $10562933.85  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Legg Mason Partners Variable Equity Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer