# EDGAR Filing Document

**Accession Number:** 0000863520
**File Stem:** 0000940400-26-009805
**Filing Date:** 2026-3
**Character Count:** 161146
**Document Hash:** e9745d855899b4cfe734a66430fcd0a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009805.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0000940400-26-009805

**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:** WESTERN ASSET FUNDS INC
- **CENTRAL INDEX KEY:** 0000863520

**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:** 811-06110
- **FILM NUMBER:** 26742170

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-454-2760

**MAIL ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **STREET 2:** 7TH FLOOR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LM INSTITUTIONAL FUND ADVISORS I INC
- **DATE OF NAME CHANGE:** 19980818

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTERN ASSET TRUST INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Western Asset Core Bond Fund (Series ID: S000000713)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002079 | Class I      | WATFX           |
| C000002080 | Class FI     | WAPIX           |
| C000066988 | Class IS     | WACSX           |
| C000113701 | CLASS A      | WABAX           |
| C000113702 | CLASS C      | WABCX           |
| C000113703 | CLASS R      | WABRX           |
| C000117034 | Class C1     | LWACX           |

### Western Asset Core Plus Bond Fund (Series ID: S000000714)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002081 | Class I      | WACPX           |
| C000002082 | Class FI     | WACIX           |
| C000066989 | Class IS     | WAPSX           |
| C000113704 | CLASS A      | WAPAX           |
| C000113705 | CLASS C      | WAPCX           |
| C000113706 | CLASS R      | WAPRX           |
| C000117035 | Class C1     | LWCPX           |

### Western Asset Inflation Indexed Plus Bond Fund (Series ID: S000000715)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002083 | Class FI     | WATPX           |
| C000002084 | Class I      | WAIIX           |
| C000066990 | Class IS     | WAFSX           |
| C000113707 | CLASS A      | WAFAX           |
| C000113708 | CLASS C      | WAFCX           |
| C000113709 | CLASS R      | WAFRX           |
| C000117036 | Class C1     | LWICX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Directors of Western Asset Funds, Inc. and Shareholders of Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund and Western Asset Inflation Indexed Plus Bond Fund<br>In planning and performing our audits of the financial statements of Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund and Western Asset Inflation Indexed Plus Bond Fund (each a series of Western Asset Funds, Inc., hereinafter collectively 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 Directors of Western Asset Funds, Inc. 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:** 0000863520

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

**Series ID Record:1**
- **Series ID:** S000000714

**Series ID Record:2**
- **Series ID:** S000000715

**Series ID Record:3**
- **Series ID:** S000000713

**Class ID Record:1**
- **Class ID:** C000117035

**Class ID Record:2**
- **Class ID:** C000113704

**Class ID Record:3**
- **Class ID:** C000113706

**Class ID Record:4**
- **Class ID:** C000002081

**Class ID Record:5**
- **Class ID:** C000002082

**Class ID Record:6**
- **Class ID:** C000066989

**Class ID Record:7**
- **Class ID:** C000113705

**Class ID Record:8**
- **Class ID:** C000002083

**Class ID Record:9**
- **Class ID:** C000117036

**Class ID Record:10**
- **Class ID:** C000113708

**Class ID Record:11**
- **Class ID:** C000002084

**Class ID Record:12**
- **Class ID:** C000113709

**Class ID Record:13**
- **Class ID:** C000113707

**Class ID Record:14**
- **Class ID:** C000066990

**Class ID Record:15**
- **Class ID:** C000002080

**Class ID Record:16**
- **Class ID:** C000113702

**Class ID Record:17**
- **Class ID:** C000066988

**Class ID Record:18**
- **Class ID:** C000117034

**Class ID Record:19**
- **Class ID:** C000002079

**Class ID Record:20**
- **Class ID:** C000113701

**Class ID Record:21**
- **Class ID:** C000113703

### 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:** Western Asset Funds Inc

- **Item B.1.b - Investment Company Act file number:** 811-06110

- **Item B.1.c - CIK:** 0000863520

- **Item B.1.d - LEI:** 5493004NC00X8WKL1P34

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

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

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

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

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

- **Item B.2.f - Telephone:** 1-877-721-1926

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

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

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Western Asset Funds Inc

- **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: 2**

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

- **b. Street 1:** 10 Exchange Square

- **Street 2:** Primrose Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC2A 2EN

- **g. Telephone number:** 44-20-7422-3000

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

**Location books Record: 3**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 4**

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

- **b. Street 1:** 1 George Street #23-01

- **c. City:** Singapore

- **f. Zip code and zip code extension, or foreign postal code:** 049145

- **g. Telephone number:** 65-6428-3600

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

**Location books Record: 5**

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

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

- **c. City:** Rancho Cordova

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

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

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

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

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

**Location books Record: 6**

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

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

- **c. City:** Pasadena

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

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

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

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

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

**Location books Record: 7**

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

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

- **Street 2:** 1-Chome Chiyoda-Ku

- **c. City:** Tokyo

- **f. Zip code and zip code extension, or foreign postal code:** 100-6536

- **g. Telephone number:** 81-03-4520-4300

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

**Location books Record: 8**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 9**

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

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

- **Street 2:** 17th Floor

- **c. City:** New York

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

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

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

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

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

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

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                    |
|:---|:---|:---|
| Peter J. Taylor          | No                      | 811-06310, 811-06740, 811-21403, 811-04254, 811-02351, 811-21477, 811-10603, 811-10407, 811-04052                                                                                                                                                                                                                                        |
| Jane Trust               | Yes                     | 811-06740, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 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, 811-21477, 811-22338, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Michael Larson           | No                      | 811-02351, 811-04052, 811-06740, 811-04254, 811-10407, 811-21477, 811-21403, 811-06310, 811-10603                                                                                                                                                                                                                                        |
| Susan B. Kerley          | No                      | 811-10407, 811-06310, 811-04550, 811-03833-01, 811-21403, 811-22321, 811-21477, 811-10603, 811-02351, 811-04254, 811-06740, 811-04052, 811-22551                                                                                                                                                                                         |
| Robert Abeles, Jr.       | No                      | 811-02351, 811-10407, 811-04052, 811-21477, 811-21403, 811-06740, 811-06310, 811-10603, 811-04254                                                                                                                                                                                                                                        |
| Avedick B. Poladian      | No                      | 811-04052, 811-04254, 811-21403, 811-10407, 811-21477, 811-02351, 811-06310, 811-10603, 811-06740                                                                                                                                                                                                                                        |
| William E. B. Siart      | No                      | 811-21477, 811-10603, 811-02351, 811-04052, 811-10407, 811-06740, 811-04254, 811-21403, 811-06310                                                                                                                                                                                                                                        |
| Ronald L. Olson          | Yes                     | 811-06310, 811-10603, 811-21477, 811-02351, 811-10407, 811-04254, 811-06740, 811-04052, 811-21403                                                                                                                                                                                                                                        |
| Jane F. Dasher           | No                      | 811-10603, 811-06740, 811-04254, 811-21403, 811-02351, 811-06310, 811-21477, 811-10407, 811-04052                                                                                                                                                                                                                                        |
| Jaynie Miller Studenmund | No                      | 811-10407, 811-06740, 811-06310, 811-10603, 811-04052, 811-02351, 811-21403, 811-04254, 811-21477                                                                                                                                                                                                                                        |
| Anita L. DeFrantz        | No                      | 811-02351, 811-06310, 811-10603, 811-21477, 811-06740, 811-10407, 811-04254, 811-21403, 811-04052                                                                                                                                                                                                                                        |

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

**Chief compliance officer Record: 1**

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

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

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

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Western Asset Core Plus Bond Fund

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

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

- **b. Series identification number, if any:** S000000714

- **c. LEI:** 549300M92SFKO7RZX103

- **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 C1                | C000117035                                | LWCPX                        |
|                           2 | Class A                 | C000113704                                | WAPAX                        |
|                           3 | Class R                 | C000113706                                | WAPRX                        |
|                           4 | Class I                 | C000002081                                | WACPX                        |
|                           5 | Class FI                | C000002082                                | WACIX                        |
|                           6 | Class IS                | C000066989                                | WAPSX                        |
|                           7 | Class C                 | C000113705                                | WAPCX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

- **ii. SEC file number:** 801-67298

- **iii. CRD number:** 000142188

- **iv. LEI, if any:** 549300GGQQAH8OMMCX51

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company Ltd

- **ii. SEC file number:** 801-68224

- **iii. CRD number:** 000143388

- **iv. LEI, if any:** 549300ILBTC2ZDZBT448

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

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

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

**Sub-adviser Record: 3**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

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

**Sub-adviser Record: 4**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $120,178.40

**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:** $427,918.84

**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:** $136,119.27

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $247,144.16

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,704.14

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,210.81

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $227,738.17

**Brokers Record: 8**

- **i. Full name of broker:** ADVANTAGE SECURITIES LLC

- **ii. SEC file number:** 008-48652

- **iii. CRD number:** 000039362

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,097,032.50

**Brokers Record: 9**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $49,235.80

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000143624

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,824.15

**Aggregate Commission:** $3,525,459.11

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

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MORGAN STANLEY & CO. LLC      | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $5,802,191,687.22         |
| J.P. Morgan Securities LLC    | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $6,227,365,954.42         |
| MIZUHO SECURITIES USA, INC.   | 008-37710         |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $159,418,444.33           |
| GOLDMAN SACHS & CO. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $4,237,398,002.74         |
| BMO CAPITAL MARKETS CORP.     | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $187,304,079.63           |
| WELLS FARGO SECURITIES, LLC   | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $409,256,312.53           |
| BARCLAYS CAPITAL, INC.        | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $268,402,469.15           |
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $1,517,652,714.77         |
| BNP PARIBAS SECURITIES CORP.  | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $942,164,208.66           |
| BOFA SECURITIES, INC.         | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $756,417,229.71           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $21,655,679,918.78

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

- **Item C.19.a - Fund's monthly average net assets:** $4,905,896,952.89

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

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

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

**Line of Credit details Record: 1**

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

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

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

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

  - **Line Institutions Record: 2 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 3 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

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

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY BANK, N.A.

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

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 10 Name of institution:** DEUTSCHE BANK AG

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

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

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

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

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

  - **Line Institutions Record: 16 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 17 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 18 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

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

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

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

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

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

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

### Management Investment Record: 2 - Western Asset Inflation Indexed Plus Bond Fund

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

- **a. Full Name of the Fund:** Western Asset Inflation Indexed Plus Bond Fund

- **b. Series identification number, if any:** S000000715

- **c. LEI:** 54930060PJLL6R7TJG35

- **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 FI                | C000002083                                | WATPX                        |
|                           2 | Class C1                | C000117036                                | LWICX                        |
|                           3 | Class C                 | C000113708                                | WAFCX                        |
|                           4 | Class I                 | C000002084                                | WAIIX                        |
|                           5 | Class R                 | C000113709                                | WAFRX                        |
|                           6 | Class A                 | C000113707                                | WAFAX                        |
|                           7 | Class IS                | C000066990                                | WAFSX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Western Asset Management Company Ltd

- **ii. SEC file number:** 801-68224

- **iii. CRD number:** 000143388

- **iv. LEI, if any:** 549300ILBTC2ZDZBT448

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 3**

- **i. Full name:** Western Asset Management Company Pte. Ltd.

- **ii. SEC file number:** 801-67298

- **iii. CRD number:** 000142188

- **iv. LEI, if any:** 549300GGQQAH8OMMCX51

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

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

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

**Sub-adviser Record: 4**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $341.36

**Brokers Record: 2**

- **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:** $236.13

**Brokers Record: 3**

- **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:** $368.56

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000002525

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $136.79

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $304.70

**Brokers Record: 6**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $198.33

**Brokers Record: 7**

- **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:** $125.44

**Brokers Record: 8**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 008-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $155.20

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $110.72

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $95.15

**Aggregate Commission:** $2,185.22

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

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| NOMURA SECURITIES INTERNATIONAL, INC. | 008-15255         |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $1,694,773.72             |
| BOFA SECURITIES, INC.                 | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $756,740.59               |
| J.P. Morgan Securities LLC            | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $2,382,723.04             |
| CITADEL CLEARING LLC                  | 008-69521         |    000172693 | 5493001I7IJ4CW6Q9N27 | FL      | US        | $4,740,257.11             |
| BNP PARIBAS SECURITIES CORP.          | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $1,165,119.38             |
| BARCLAYS CAPITAL, INC.                | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $8,085,702.65             |
| MORGAN STANLEY & CO. LLC              | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $5,279,322.39             |
| WELLS FARGO SECURITIES, LLC           | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $8,052,169.02             |
| CitiGroup Global Markets Inc.         | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $8,788,598.41             |
| BMO CAPITAL MARKETS CORP.             | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $6,917,847.26             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $49,186,657.25

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

- **Item C.19.a - Fund's monthly average net assets:** $44,853,883.14

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 3 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 5 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 7 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

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

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

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

  - **Line Institutions Record: 15 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

  - **Line Institutions Record: 18 Name of institution:** CITIBANK, N.A.

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

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

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

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

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

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

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

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

### Management Investment Record: 3 - Western Asset Core Bond Fund

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

- **a. Full Name of the Fund:** Western Asset Core Bond Fund

- **b. Series identification number, if any:** S000000713

- **c. LEI:** 549300Q2LEO7M5HGWP70

- **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 FI                | C000002080                                | WAPIX                        |
|                           2 | Class C                 | C000113702                                | WABCX                        |
|                           3 | Class IS                | C000066988                                | WACSX                        |
|                           4 | Class C1                | C000117034                                | LWACX                        |
|                           5 | Class I                 | C000002079                                | WATFX                        |
|                           6 | Class A                 | C000113701                                | WABAX                        |
|                           7 | Class R                 | C000113703                                | WABRX                        |

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $29,886.15

**Brokers Record: 2**

- **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:** $28,325.39

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000143624

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,388.71

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,044.62

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,745.95

**Brokers Record: 6**

- **i. Full name of broker:** J.P. Morgan Securities LLC

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,396.14

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,200.38

**Brokers Record: 8**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 008-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,356.48

**Brokers Record: 9**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,229.67

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,409.41

**Aggregate Commission:** $171,658.73

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

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO CAPITAL MARKETS CORP.     | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $159,350,306.63           |
| Goldman Sachs & Co. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,800,141,614.19         |
| WELLS FARGO SECURITIES, LLC   | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $250,458,182.42           |
| Mizuho Securities USA LLC     | 008-37710         |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $82,669,465.84            |
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $936,750,041.19           |
| J.P. Morgan Securities LLC    | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $2,151,129,057.86         |
| BARCLAYS CAPITAL, INC.        | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $104,540,703.57           |
| BNP PARIBAS SECURITIES CORP.  | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $255,387,943.58           |
| BOFA SECURITIES, INC.         | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $338,006,769.07           |
| MORGAN STANLEY & CO. LLC      | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $2,327,911,047.77         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $9,113,226,090.28

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

- **Item C.19.a - Fund's monthly average net assets:** $2,353,576,860.17

**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:** UMB BANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NEW YORK MELLON

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

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

  - **Line Institutions Record: 6 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 7 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

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

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

  - **Line Institutions Record: 16 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

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

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

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

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

- **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:** Western Asset Funds Inc

**Date:** 2026-03-11

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer