# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-26-009787
**Filing Date:** 2026-3
**Character Count:** 150375
**Document Hash:** 48ba05b4ede089709bc1aaee9f16c6cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009787.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0000940400-26-009787

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260311

**DATE AS OF CHANGE**: 20260311

**EFFECTIVENESS DATE**: 20260311

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 26742123

**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

### BrandywineGLOBAL - Global Opportunities Bond Fund (Series ID: S000036894)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112917 | Class A      | GOBAX           |
| C000112918 | Class C1     | GOBCX           |
| C000112919 | Class FI     | GOBFX           |
| C000112920 | Class R      | LBORX           |
| C000112921 | Class I      | GOBIX           |
| C000112922 | Class IS     | GOBSX           |
| C000116979 | Class C      | LGOCX           |

### Franklin U.S. Small Cap Equity Fund (Series ID: S000036895)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112923 | Class A      | LMBAX           |
| C000112924 | Class C      | LMBCX           |
| C000112925 | Class FI     | LGSCX           |
| C000112928 | Class I      | LMSIX           |
| C000112929 | Class IS     | LMBMX           |

### BrandywineGLOBAL - Flexible Bond Fund (Series ID: S000053934)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000169730 | Class A      | LFLAX           |
| C000169732 | Class C      | LFLCX           |
| C000169735 | Class I      | LFLIX           |
| C000169736 | Class IS     | LFLSX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of Franklin U.S. Small Cap Equity Fund, BrandywineGLOBAL – Flexible Bond Fund and BrandywineGLOBAL - Global Opportunities Bond Fund<br>In planning and performing our audits of the financial statements of Franklin U.S. Small Cap Equity Fund, BrandywineGLOBAL – Flexible Bond Fund and BrandywineGLOBAL - Global Opportunities Bond Fund (each a series of Legg Mason Global Asset Management Trust, hereinafter referred to as the "Funds") as of and for the year ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.<br>The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.<br>Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.<br>A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.<br>Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason Global Asset Management Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.<br>/s/PricewaterhouseCoopers LLP<br> Baltimore, Maryland<br> February 20, 2026<br>PricewaterhouseCoopers LLP<br> 100 East Pratt Street, Suite 2600<br> Baltimore, Maryland 21202-1096<br> (410) 783 7600<br> www.pwc.com/us

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001474103

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

**Series ID Record:1**
- **Series ID:** S000036894

**Series ID Record:2**
- **Series ID:** S000036895

**Series ID Record:3**
- **Series ID:** S000053934

**Class ID Record:1**
- **Class ID:** C000112917

**Class ID Record:2**
- **Class ID:** C000112920

**Class ID Record:3**
- **Class ID:** C000112919

**Class ID Record:4**
- **Class ID:** C000112922

**Class ID Record:5**
- **Class ID:** C000112918

**Class ID Record:6**
- **Class ID:** C000116979

**Class ID Record:7**
- **Class ID:** C000112921

**Class ID Record:8**
- **Class ID:** C000112923

**Class ID Record:9**
- **Class ID:** C000112928

**Class ID Record:10**
- **Class ID:** C000112924

**Class ID Record:11**
- **Class ID:** C000112929

**Class ID Record:12**
- **Class ID:** C000112925

**Class ID Record:13**
- **Class ID:** C000169732

**Class ID Record:14**
- **Class ID:** C000169730

**Class ID Record:15**
- **Class ID:** C000169735

**Class ID Record:16**
- **Class ID:** C000169736

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

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

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

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

- **Item B.1.a - Full name of Registrant:** Legg Mason Global Asset Management Trust

- **Item B.1.b - Investment Company Act file number:** 811-22338

- **Item B.1.c - CIK:** 0001474103

- **Item B.1.d - LEI:** 549300BI5I8NVF50DG69

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

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

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

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

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

- **Item B.2.f - Telephone:** 1-800-691-6960

- **Item B.2.g - Public Website:** www.franklintempleton.com

### Item B.3 - Location of books and records

**Location books Record: 1**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Brandywine Global Investment Management, LLC

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

- **Street 2:** Suite 1800

- **c. City:** Philadelphia

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

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

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

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

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

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** ClearBridge Investment Management Limited

- **b. Street 1:** 5 Morrison Street

- **c. City:** Edinburgh

- **f. Zip code and zip code extension, or foreign postal code:** EH3 8BH

- **g. Telephone number:** 0131 229 5252

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

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** The Bank of New York Mellon

- **b. Street 1:** 240 Greenwich Street

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10286

- **g. Telephone number:** 212-495-1784

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

**Location books Record: 5**

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

- **b. Street 1:** 3344 Quality Drive

- **c. City:** Rancho Cordova

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 95670

- **g. Telephone number:** 1-916-463-2075

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

**Location books Record: 6**

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

- **b. Street 1:** 385 East Colorado Boulevard

- **c. City:** Pasadena

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 91101

- **g. Telephone number:** 1-626-844-9400

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

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** CLEARBRIDGE INVESTMENTS (NORTH AMERICA) PTY LIMITED

- **b. Street 1:** LEVEL 13, 35 CLARENCE STREET

- **c. City:** Sydney

- **f. Zip code and zip code extension, or foreign postal code:** NSW 2000

- **g. Telephone number:** 61-2-9397-7300

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

**Location books Record: 8**

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

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

- **Street 2:** 18th Floor

- **c. City:** New York

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

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

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

- **g. Telephone number:** 1-800-691-6960

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

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Global Asset Management Trust

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

- **Street 2:** 17th Floor

- **c. City:** New York

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

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

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

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

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

**Location books Record: 10**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 11**

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

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

- **c. City:** New York

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

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

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

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 12

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                    |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-24075, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-21477, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                     |
| G. Peter O'Brien   | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                     |
| Ken Miller         | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                     |
| Susan M. Heilbron  | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                     |
| Andrew L. Breech   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Arnold L. Lehman   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Stephen R. Gross   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Thomas F. Schlafly | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Ted P. Becker

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** One Madison Avenue

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-19023

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Franklin Distributors, LLC

- **ii. SEC file number:** 008-53089

- **iii. CRD number:** 000109064

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

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

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

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

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

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

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - BrandywineGLOBAL - Global Opportunities Bond Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Global Opportunities Bond Fund

- **b. Series identification number, if any:** S000036894

- **c. LEI:** 549300UL6SM15ZRNUZ25

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000112917                                | GOBAX                        |
|                           2 | Class R                 | C000112920                                | LBORX                        |
|                           3 | Class FI                | C000112919                                | GOBFX                        |
|                           4 | Class IS                | C000112922                                | GOBSX                        |
|                           5 | Class C1                | C000112918                                | GOBCX                        |
|                           6 | Class C                 | C000116979                                | LGOCX                        |
|                           7 | Class I                 | C000112921                                | GOBIX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

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

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

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

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

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

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

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

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

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

- **a. Full name:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,373.09

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,134.56

**Aggregate Commission:** $23,507.65

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

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| HSBC SECURITIES (USA), INC.           | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $1,102,935,391.09         |
| CitiGroup Global Markets Inc.         | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $621,442,586.49           |
| Wells Fargo Securities LLC            | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $136,768,206.86           |
| J.P. Morgan Securities LLC            | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,532,996,361.79         |
| GOLDMAN SACHS & CO. LLC               | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $444,516,330.61           |
| BARCLAYS CAPITAL, INC.                | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $742,984,688.71           |
| NOMURA SECURITIES INTERNATIONAL, INC. | 008-15255         |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $183,395,310.82           |
| DEUTSCHE BANK SECURITIES, INC.        | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $275,289,751.30           |
| BOFA SECURITIES, INC.                 | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $532,078,433.93           |
| STONEX FINANCIAL INC.                 | 008-51269         |    000045993 | 549300LNKU6K5TJCRG93 | FL      | US        | $153,670,835.60           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,193,809,537.06

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

- **Item C.19.a - Fund's monthly average net assets:** $1,316,212,155.49

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

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

  - **Line Institutions Record: 6 Name of institution:** CITIBANK, N.A.

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

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

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 12 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 15 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 16 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 17 Name of institution:** HSBC BANK USA, N.A.

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

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

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

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

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

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

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

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

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

### Management Investment Record: 2 - Franklin U.S. Small Cap Equity Fund

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

- **a. Full Name of the Fund:** Franklin U.S. Small Cap Equity Fund

- **b. Series identification number, if any:** S000036895

- **c. LEI:** 549300T66MRU4LGXY771

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000112923                                | LMBAX                        |
|                           2 | Class I                 | C000112928                                | LMSIX                        |
|                           3 | Class C                 | C000112924                                | LMBCX                        |
|                           4 | Class IS                | C000112929                                | LMBMX                        |
|                           5 | Class FI                | C000112925                                | LGSCX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

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

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

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

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000104517

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

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

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

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

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

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

- **a. Full name:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,149.54

**Brokers Record: 2**

- **i. Full name of broker:** DTCC ITP LLC

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

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

- **iv. LEI, if any:** 549300DMVUWLVUJLNM35

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $216.54

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $29,351.05

**Brokers Record: 4**

- **i. Full name of broker:** LIQUIDNET, INC.

- **ii. SEC file number:** 008-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $329.00

**Brokers Record: 5**

- **i. Full name of broker:** INSTINET CORPORATION

- **ii. SEC file number:** 008-51776

- **iii. CRD number:** 000047380

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,019.92

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,263.96

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $207.66

**Brokers Record: 8**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $24,575.18

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $37,851.07

**Aggregate Commission:** $123,963.92

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

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

- **Item C.19.a - Fund's monthly average net assets:** $110,506,556.21

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

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

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

**Line of Credit details Record: 1**

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

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

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

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

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

  - **Line Institutions Record: 3 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 4 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 5 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 6 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 7 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 8 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 11 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 12 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

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

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

  - **Line Institutions Record: 16 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 17 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 18 Name of institution:** MORGAN STANLEY BANK, N.A.

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

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

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

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

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

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

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

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

### Management Investment Record: 3 - BrandywineGLOBAL - Flexible Bond Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Flexible Bond Fund

- **b. Series identification number, if any:** S000053934

- **c. LEI:** 549300LKGPDL1FZO8D31

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000169732                                | LFLCX                        |
|                           2 | Class A                 | C000169730                                | LFLAX                        |
|                           3 | Class I                 | C000169735                                | LFLIX                        |
|                           4 | Class IS                | C000169736                                | LFLSX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

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

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

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

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

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

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

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

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

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** ROYCE FUND SERVICES, LLC

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,912.84

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,052.37

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $721.80

**Aggregate Commission:** $21,687.01

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

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC               | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $23,054,640.39            |
| CitiGroup Global Markets Inc.         | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $26,590,720.52            |
| BARCLAYS CAPITAL, INC.                | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $45,015,008.86            |
| BOFA SECURITIES, INC.                 | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $82,293,883.85            |
| NOMURA SECURITIES INTERNATIONAL, INC. | 008-15255         |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $20,275,866.43            |
| DEUTSCHE BANK SECURITIES, INC.        | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $24,232,423.62            |
| HSBC SECURITIES (USA), INC.           | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $38,122,567.49            |
| J.P. Morgan Securities LLC            | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $126,700,489.03           |
| SANTANDER SECURITIES, LLC             | 008-49571         |    000041791 | 254900HRJWI7G0YUS842 | MA      | US        | $19,454,415.50            |
| MORGAN STANLEY & CO. LLC              | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $30,489,354.79            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $568,224,122.23

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

- **Item C.19.a - Fund's monthly average net assets:** $480,926,082.53

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 2 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 3 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 5 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 6 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

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

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

  - **Line Institutions Record: 12 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** GOLDMAN SACHS BANK USA

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

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

  - **Line Institutions Record: 17 Name of institution:** THE TORONTO-DOMINION BANK

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

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

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

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

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

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

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

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

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

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason Global Asset Management Trust

**Date:** 2026-03-11

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer