# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0001752724-23-000207
**Filing Date:** 2023-1
**Character Count:** 414957
**Document Hash:** 4bc4e6fc7b53af29cdf7f7a630348dd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-000207.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001752724-23-000207

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**EFFECTIVENESS DATE**: 20230106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000880366
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 23513819

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

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

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

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

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

## Series and Classes Contracts Data

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Partners Investment Trust and Shareholders of ClearBridge Tactical Dividend Income Fund, ClearBridge Appreciation Fund, ClearBridge International Value Fund, ClearBridge Large Cap Value Fund, ClearBridge Mid Cap Fund, ClearBridge Mid Cap Growth Fund, ClearBridge Select Fund, ClearBridge Small Cap Growth Fund, ClearBridge Sustainability Leaders Fund and Franklin Global Equity Fund

In planning and performing our audits of the financial statements of ClearBridge Tactical Dividend Income Fund, ClearBridge Appreciation Fund, ClearBridge International Value Fund, ClearBridge Large Cap Value Fund, ClearBridge Mid Cap Fund, ClearBridge Mid Cap Growth Fund, ClearBridge Select Fund, ClearBridge Small Cap Growth Fund, ClearBridge Sustainability Leaders Fund and Franklin Global Equity Fund each (a series of Legg Mason Partners Investment Trust, hereinafter collectively referred to as the "Funds") as of and for the year ended October 31, 2022, 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.

The management of the Fund 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.

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.

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.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2022.

This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Investment Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

December 19, 2022

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, MD 21202-1096 T: (410) 783 7600, F: (410) 783 7680, www.pwc.com/us

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**Item A.1.a - Report for period ending:** 2022-10-31

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

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

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

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

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

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

- **Item B.2.a - Street 1:** 620 Eighth Avenue

- **Item B.2.a - Street 2:** 47th Floor

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

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

- **Item B.2.e - Zip Code:** 10018

- **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):** ClearBridge Investments, LLC

- **b. Street 1:** 620 Eighth Avenue

- **Street 2:** 48th 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:** 10018

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

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

**Location books Record: 2**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-650-312-2000

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

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

- **c. City:** Philadelphia

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

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

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

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

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

**Location books Record: 4**

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

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

- **c. City:** New York

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

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

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

- **g. Telephone number:** 1-212-495-1784

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

**Location books Record: 5**

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

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

- **c. City:** Rancho Cordova

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

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

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

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

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

**Location books Record: 6**

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

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

- **c. City:** Pasadena

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

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

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

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

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

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** BNY Mellon Investment Servicing (US) Inc.

- **b. Street 1:** 301 Bellevue Parkway

- **c. City:** Wilmington

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 19809

- **g. Telephone number:** 1-302-791-1700

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

**Location books Record: 8**

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

- **b. Street 1:** 100 International Drive

- **c. City:** Baltimore

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 21202

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

- **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):** Legg Mason Partners Investment Trust

- **b. Street 1:** 620 Eighth Avenue

- **Street 2:** 47th 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:** 10018

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

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

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Partners Fund Advisor, LLC

- **b. Street 1:** 280 Park Avenue

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 1-305-529-4400

- **h. Briefly describe the books and records kept at this location:** Records related to its function as 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:** 25

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                     |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22405, 811-22491, 811-23408, 811-22693, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-07362, 811-21477, 811-22582, 811-22338, 811-05812, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| G. Peter O'Brien   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Paul R. Ades       | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Howard J. Johnson  | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Ken Miller         | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Susan M. Heilbron  | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Andrew L. Breech   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Arnold L. Lehman   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Stephen R. Gross   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Althea L. Duersten | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Jerome H. Miller   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Thomas F. Schlafly | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |

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

**Chief compliance officer Record: 1**

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

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

- **c. Street Address 1:** 280 Park Avenue

- **   Street Address 2:** 8th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10017

- **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:** MD

- **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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - ClearBridge Sustainability Leaders Fund

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

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

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

- **c. LEI:** 549300MM5U00C251LY98

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

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

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

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

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

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

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

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

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

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

**Transfer Agents Record: 2**

- **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?** Yes

**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:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **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:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 6**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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: 7**

- **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: 8**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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: 9**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

- **ii. LEI, if any:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,043.99

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,661.34

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,127.78

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,075.68

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000006888

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $926.61

**Brokers Record: 6**

- **i. Full name of broker:** Merrill Lynch Professional Clearing Corp.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,501.42

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,162.62

**Brokers Record: 8**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $824.34

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,983.72

**Brokers Record: 10**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $849.09

**Aggregate Commission:** $19,884.96

**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        | $858,000.00               |
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $847,834.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,705,834.00

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

- **Item C.19.a - Fund's monthly average net assets:** $114,933,449.59

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 2 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

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

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

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

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

  - **Line Institutions Record: 9 Name of institution:** ROYAL BANK OF CANADA

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

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

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 14 Name of institution:** THE BANK OF NEW YORK MELLON

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

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

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

  - **Line Institutions Record: 18 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 19 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 20 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin High Income Fund                                      | 811-01608         |
| ClearBridge Select Fund                                        | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Templeton World Fund                                           | 811-02781         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Growth Fund                                           | 811-00537         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Templeton Global Bond Fund                                     | 811-04706         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin International Small Cap Fund                          | 811-10157         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Templeton Foreign Fund                                         | 811-02781         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Equity Income Fund                                    | 811-04986         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| International Equity Series                                    | 811-06135         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Western Asset Income Fund                                      | 811-04254         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Templeton China World Fund                                     | 811-07876         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |

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

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

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

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

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

### Management Investment Record: 2 - ClearBridge Small Cap Growth Fund

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

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

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

- **c. LEI:** 5493003T8SLPG056ZG32

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

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

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

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

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

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

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

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

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

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

**Transfer Agents Record: 2**

- **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?** Yes

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

**Pricing Services Record: 1**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** 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:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 6**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 7**

- **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: 8**

- **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: 9**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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:** 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

**Broker Dealers Record: 4**

- **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:** $53,000.68

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $61,538.88

**Brokers Record: 3**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $100,272.26

**Brokers Record: 4**

- **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:** $73,116.08

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000000793

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,317.56

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000006888

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,456.85

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $50,992.58

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $132,284.31

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,124.60

**Brokers Record: 10**

- **i. Full name of broker:** SUSQUEHANNA FINANCIAL GROUP, LLLP

- **ii. SEC file number:** 008-44325

- **iii. CRD number:** 000035865

- **iv. LEI, if any:** 549300E8QX0ZMRDC2M81

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,121.00

**Aggregate Commission:** $644,662.85

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

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| JEFFERIES LLC                             | 008-15074         |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $13,308,300.00            |
| GOLDMAN SACHS & CO. LLC                   | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $2,500,484.00             |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $3,870,000.00             |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $14,837,220.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $34,516,004.00

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

- **Item C.19.a - Fund's monthly average net assets:** $4,972,901,325.05

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **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:** CREDIT SUISSE AG

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

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

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

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

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

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

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

  - **Line Institutions Record: 10 Name of institution:** BARCLAYS BANK PLC

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

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

  - **Line Institutions Record: 13 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 15 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 16 Name of institution:** ROYAL BANK OF CANADA

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

  - **Line Institutions Record: 18 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 19 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 20 Name of institution:** THE BANK OF NOVA SCOTIA

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| ClearBridge International Value Fund                           | 811-06444         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| International Equity Series                                    | 811-06135         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Utilities Fund                                        | 811-00537         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Templeton World Fund                                           | 811-02781         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Western Asset Income Fund                                      | 811-04254         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Managed Income fund                                   | 811-04986         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Templeton Foreign Fund                                         | 811-02781         |
| ClearBridge Value Trust                                        | 811-22338         |

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

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

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

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

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

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

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

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

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

- **c. LEI:** 5493006PBJT8YTX0VI46

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

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

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

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

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

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

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

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000104517

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

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

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

**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

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** 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:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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: 7**

- **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: 8**

- **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: 9**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **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:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,264.00

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $472.22

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,658.51

**Brokers Record: 4**

- **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:** $389.22

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000103987

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $362.00

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,182.54

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000007616

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,241.27

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,311.86

**Brokers Record: 9**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,829.13

**Brokers Record: 10**

- **i. Full name of broker:** HSBC SECURITIES (USA) INC.

- **ii. SEC file number:** 008-41562

- **iii. CRD number:** 000019585

- **iv. LEI, if any:** CYYGQCGNHMHPSMRL3R97

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,729.55

**Aggregate Commission:** $21,037.02

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

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

- **Item C.19.a - Fund's monthly average net assets:** $202,178,166.99

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

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

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

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

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

  - **Line Institutions Record: 4 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 5 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 7 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 9 Name of institution:** ROYAL BANK OF CANADA

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

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

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

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

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

  - **Line Institutions Record: 15 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 17 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 18 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 19 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 20 Name of institution:** THE TORONTO-DOMINION BANK

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| International Equity Series                                    | 811-06135         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Templeton International Bond Fund                              | 811-04706         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Income Fund                                           | 811-00537         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin International Equity Fund                             | 811-22338         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin High Income Fund                                      | 811-01608         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Templeton World Fund                                           | 811-02781         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |

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

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

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

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

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

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

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

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

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

- **c. LEI:** 5493004YVI7FCGQTRT70

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

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

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

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

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

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

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

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

**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

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 3**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **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:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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: 7**

- **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: 8**

- **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: 9**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** No

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

**Shareholder Servicing Agents Record: 2**

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

- **ii. LEI, if any:** 084-01036

- **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?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $24,977.48

**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:** $27,414.75

**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:** $5,409.09

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000103987

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,828.15

**Brokers Record: 5**

- **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:** $25,452.19

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,962.35

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch Professional Clearing Corp.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,715.05

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000156757

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,653.16

**Brokers Record: 9**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,766.57

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000001576

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,867.11

**Aggregate Commission:** $145,731.30

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

| Name          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| INSTINET, LLC | 008-23669         |    000007897 | 549300MGMN3RKMU8FT57 | NY      | US        | $14.41                    |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $14.41

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

- **Item C.19.a - Fund's monthly average net assets:** $211,314,866.51

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

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

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

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

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

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

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

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

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

  - **Line Institutions Record: 10 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 11 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

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

  - **Line Institutions Record: 19 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 20 Name of institution:** CREDIT SUISSE AG

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Total Return Fund                                     | 811-04986         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Templeton World Fund                                           | 811-02781         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| International Equity Series                                    | 811-06135         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Dynatech Fund                                         | 811-00537         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Western Asset Total Return ETF                                 | 811-23096         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin International Equity Fund                             | 811-22338         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin High Income Fund                                      | 811-01608         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Templeton China World Fund                                     | 811-07876         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin International Growth Fund                             | 811-10157         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |

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

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

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

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

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

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

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

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

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

- **c. LEI:** 5493008XO83F0P2DSQ60

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

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

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

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

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

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

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

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

**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

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **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: 7**

- **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: 8**

- **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: 9**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** No

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

**Shareholder Servicing Agents Record: 2**

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

- **ii. LEI, if any:** 084-01036

- **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?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,165.69

**Brokers Record: 2**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,825.40

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,860.44

**Brokers Record: 4**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,486.10

**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:** $744.51

**Brokers Record: 6**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 008-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,974.12

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,156.66

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,888.58

**Brokers Record: 9**

- **i. Full name of broker:** CAPITAL INSTITUTIONAL SERVICES, INC

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

- **iii. CRD number:** 000007551

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,266.99

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000126292

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

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

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,738.28

**Aggregate Commission:** $25,519.64

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $151,520.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $151,520.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $174,923,266.84

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 3 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 4 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 5 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 6 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 7 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 16 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 17 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 18 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 19 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 20 Name of institution:** DEUTSCHE BANK AG

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Templeton International Bond Fund                              | 811-04706         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin International Equity Fund                             | 811-22338         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| International Equity Series                                    | 811-06135         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| ClearBridge International Value Fund                           | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| ClearBridge International Growth Fund                          | 811-22338         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Templeton Global Bond Fund                                     | 811-04706         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Western Asset Income Fund                                      | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Templeton Foreign Fund                                         | 811-02781         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton World Fund                                           | 811-02781         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - ClearBridge Mid Cap Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Mid Cap Fund

- **b. Series identification number, if any:** S000004162

- **c. LEI:** 54930011YLUI7OR8NW97

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000011723                                | SBMAX                        |
|                           2 | Class 1                 | C000011727                                | SMCPX                        |
|                           3 | Class R                 | C000060700                                | LMREX                        |
|                           4 | Class I                 | C000011726                                | SMBYX                        |
|                           5 | Class C                 | C000011725                                | SBMLX                        |
|                           6 | Class IS                | C000066225                                | LSIRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **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?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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: 7**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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: 8**

- **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: 9**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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:** 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: 4**

- **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:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,113.81

**Brokers Record: 2**

- **i. Full name of broker:** Stifel, Nicolaus & Company, Incorporated

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $56,847.32

**Brokers Record: 3**

- **i. Full name of broker:** BMO CAPITAL MARKETS CORP.

- **ii. SEC file number:** 008-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,330.93

**Brokers Record: 4**

- **i. Full name of broker:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $82,941.07

**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:** $88,671.29

**Brokers Record: 6**

- **i. Full name of broker:** JONESTRADING

- **ii. SEC file number:** 008-26089

- **iii. CRD number:** 000006888

- **iv. LEI, if any:** 2138008JJ5PA8H5UIL69

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $29,179.89

**Brokers Record: 7**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,647.59

**Brokers Record: 8**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $87,984.15

**Brokers Record: 9**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $96,267.88

**Brokers Record: 10**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $50,438.55

**Aggregate Commission:** $768,900.08

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $5,759,820.00             |
| PERSHING LLC                  | 008-17574         |    000007560 | ZI8Q1A8EI8LQFJNM0D94 | NJ      | US        | $9,128,511.41             |
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $2,841,120.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $17,729,451.41

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,270,635,435.16

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 2 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 3 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 12 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 13 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 15 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 16 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 17 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 18 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 19 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 20 Name of institution:** HSBC BANK USA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| International Equity Series                                    | 811-06135         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Templeton China World Fund                                     | 811-07876         |
| Western Asset California Municipals Fund                       | 811-04254         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Templeton World Fund                                           | 811-02781         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| ClearBridge Value Trust                                        | 811-22338         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Total Return Fund                                     | 811-04986         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 7 - ClearBridge Appreciation Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Appreciation Fund

- **b. Series identification number, if any:** S000016651

- **c. LEI:** 549300ZFR48NDB3HQ435

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class R                 | C000046518                                | LMPPX                        |
|                           2 | Class IS                | C000063669                                | LMESX                        |
|                           3 | Class A                 | C000046514                                | SHAPX                        |
|                           4 | Class C                 | C000046516                                | SAPCX                        |
|                           5 | Class FI                | C000046519                                | LMPIX                        |
|                           6 | Class I                 | C000046517                                | SAPYX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **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?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** 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: 4**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **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: 8**

- **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: 9**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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:** 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: 4**

- **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:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46,189.86

**Brokers Record: 2**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $40,848.85

**Brokers Record: 3**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,307.84

**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:** $50,183.02

**Brokers Record: 5**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $55,356.13

**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:** $15,870.47

**Brokers Record: 7**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 008-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $75,773.60

**Brokers Record: 8**

- **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:** $36,592.60

**Brokers Record: 9**

- **i. Full name of broker:** Stifel, Nicolaus & Company, Incorporated

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,654.67

**Brokers Record: 10**

- **i. Full name of broker:** CREDIT SUISSE SECURITIES (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,725.00

**Aggregate Commission:** $448,038.68

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $7,214,505,173.06

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 3 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 4 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 5 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 7 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 8 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 9 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 10 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 14 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 15 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 16 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 17 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 18 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 19 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 20 Name of institution:** MORGAN STANLEY BANK, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Templeton Foreign Fund                                         | 811-02781         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Templeton World Fund                                           | 811-02781         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Templeton International Bond Fund                              | 811-04706         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin High Income Fund                                      | 811-01608         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Global Equity Fund                                    | 811-06444         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin International Equity Fund                             | 811-22338         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Western Asset Income Fund                                      | 811-04254         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Western Asset High Yield Fund                                  | 811-06110         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Utilities Fund                                        | 811-00537         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| ClearBridge International Value Fund                           | 811-06444         |
| International Equity Series                                    | 811-06135         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Total Return Fund                                     | 811-04986         |
| Templeton Global Total Return Fund                             | 811-04706         |
| ClearBridge Select Fund                                        | 811-06444         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Dynatech Fund                                         | 811-00537         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - ClearBridge Large Cap Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Large Cap Value Fund

- **b. Series identification number, if any:** S000016669

- **c. LEI:** 5493008X4JXB7WRB6E40

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000046597                                | SINOX                        |
|                           2 | Class 1                 | C000127016                                | LCLIX                        |
|                           3 | Class A                 | C000046595                                | SINAX                        |
|                           4 | Class R                 | C000063680                                | LCBVX                        |
|                           5 | Class IS                | C000063682                                | LMLSX                        |
|                           6 | Class I                 | C000046599                                | SAIFX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **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?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **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: 8**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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: 9**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **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?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,361.51

**Brokers Record: 2**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,370.42

**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:** $5,860.58

**Brokers Record: 4**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $41,417.98

**Brokers Record: 5**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $83,662.19

**Brokers Record: 6**

- **i. Full name of broker:** Robert W. Baird & Co. Incorporated

- **ii. SEC file number:** 008-00497

- **iii. CRD number:** 000008158

- **iv. LEI, if any:** 549300772UJAHRD6LO53

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,480.84

**Brokers Record: 7**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 008-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,700.80

**Brokers Record: 8**

- **i. Full name of broker:** CAPITAL INSTITUTIONAL SERVICES, INC

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,949.29

**Brokers Record: 9**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,289.88

**Brokers Record: 10**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,465.37

**Aggregate Commission:** $216,558.86

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,856,819,849.25

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 3 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 5 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 6 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 7 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 8 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 9 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 10 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 12 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 13 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 14 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 15 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 17 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 18 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 19 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 20 Name of institution:** BARCLAYS BANK PLC

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Managed Income fund                                   | 811-04986         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin International Small Cap Fund                          | 811-10157         |
| ClearBridge Select Fund                                        | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Templeton Foreign Fund                                         | 811-02781         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| ClearBridge International Growth Fund                          | 811-22338         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Templeton World Fund                                           | 811-02781         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin International Equity Fund                             | 811-22338         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| International Equity Series                                    | 811-06135         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Utilities Fund                                        | 811-00537         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin High Income Fund                                      | 811-01608         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge International Value Fund                           | 811-06444         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 9 - ClearBridge Select Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Select Fund

- **b. Series identification number, if any:** S000039065

- **c. LEI:** 549300YEGM5C2DH89B56

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000120104                                | LCLCX                        |
|                           2 | Class I                 | C000120108                                | LBFIX                        |
|                           3 | Class FI                | C000120105                                | LCBSX                        |
|                           4 | Class R                 | C000120106                                | CBSCX                        |
|                           5 | Class IS                | C000120107                                | LCSSX                        |
|                           6 | Class A                 | C000120103                                | LCLAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **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?** Yes

**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:** Refinitiv Benchmark Services Limited

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **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: 8**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **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: 9**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

- **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?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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: 4**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $51,317.30

**Brokers Record: 2**

- **i. Full name of broker:** JEFFERIES LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $54,637.20

**Brokers Record: 3**

- **i. Full name of broker:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $103,682.53

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,423.27

**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:** $49,587.82

**Brokers Record: 6**

- **i. Full name of broker:** JONESTRADING

- **ii. SEC file number:** 008-26089

- **iii. CRD number:** 000006888

- **iv. LEI, if any:** 2138008JJ5PA8H5UIL69

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,258.35

**Brokers Record: 7**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $142,223.32

**Brokers Record: 8**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $90,485.47

**Brokers Record: 9**

- **i. Full name of broker:** LOOP CAPITAL MARKETS LLC

- **ii. SEC file number:** 008-50140

- **iii. CRD number:** 000043098

- **iv. LEI, if any:** 254900FPPM2WN90D4786

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,756.00

**Brokers Record: 10**

- **i. Full name of broker:** MERRILL LYNCH PROFESSIONAL CLEARING CORP.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,305.94

**Aggregate Commission:** $864,995.85

**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        | $25,900,570.00            |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $10,082,724.08            |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $8,127,170.65             |
| Wells Fargo Securities LLC                | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $3,520,697.84             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $47,631,162.57

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,853,368,606.34

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 4 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 5 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 6 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 8 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 9 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 10 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 11 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 13 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 14 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 15 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 16 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 18 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 19 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 20 Name of institution:** BARCLAYS BANK PLC

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin Total Return Fund                                     | 811-04986         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin High Income Fund                                      | 811-01608         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Templeton Global Total Return Fund                             | 811-04706         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| ClearBridge International Value Fund                           | 811-06444         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Templeton International Bond Fund                              | 811-04706         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| International Equity Series                                    | 811-06135         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Templeton Global Bond Fund                                     | 811-04706         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Templeton World Fund                                           | 811-02781         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Templeton Foreign Fund                                         | 811-02781         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Income VIP Fund                                       | 811-05583         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - ClearBridge Tactical Dividend Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** ClearBridge Tactical Dividend Income Fund

- **b. Series identification number, if any:** S000016241

- **c. LEI:** 549300RZNIVSD1X0ND90

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000044885                                | SMDLX                        |
|                           2 | Class IS                | C000127029                                | LCBDX                        |
|                           3 | Class I                 | C000044886                                | LADIX                        |
|                           4 | Class A                 | C000044883                                | CFLGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

**Transfer Agents Record: 2**

- **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?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

- **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:** 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: 4**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **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:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **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: 7**

- **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: 8**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

- **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: 9**

- **i. Full name:** Refinitiv Benchmark Services Limited

- **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:** 084-01036

- **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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **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?** Yes

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, 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 Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

- **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

**Broker Dealers Record: 4**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Pershing LLC

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,556.00

**Brokers Record: 2**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,293.00

**Brokers Record: 3**

- **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:** $29,424.00

**Brokers Record: 4**

- **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:** $21,032.48

**Brokers Record: 5**

- **i. Full name of broker:** CAPITAL INSTITUTIONAL SERVICES, INC

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,416.40

**Brokers Record: 6**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,025.48

**Brokers Record: 7**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,527.30

**Brokers Record: 8**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,385.86

**Brokers Record: 9**

- **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:** $10,968.66

**Brokers Record: 10**

- **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:** $24,931.41

**Aggregate Commission:** $161,395.96

**Item C.17.a. Principal transaction counterparties.**

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $792,279.39               |
| CREDIT SUISSE SECURITIES (USA) LLC        | 008-00422         |    000000816 | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $2,063,377.71             |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $648,720.00               |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $5,940,340.94             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $9,444,718.04

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $337,265,467.68

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**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?** $2,675,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 2 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 3 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 6 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 8 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 10 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 11 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 13 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 14 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 15 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 16 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 17 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 18 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 19 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 20 Name of institution:** UMB BANK, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                   | SEC File number   |
|:---|:---|
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Equity Income Fund                                    | 811-04986         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| International Equity Series                                    | 811-06135         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Income Fund                                           | 811-00537         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Western Asset Global High Yield Bond Fund                      | 811-04254         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin U.S. Small Capitalization Equity Fund                 | 811-22338         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Utilities Fund                                        | 811-00537         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Templeton China World Fund                                     | 811-07876         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| ClearBridge International Growth Fund                          | 811-22338         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Mutual European Fund                                  | 811-05387         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Templeton World Fund                                           | 811-02781         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin International Growth Fund                             | 811-10157         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Total Return Fund                                     | 811-04986         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Managed Income fund                                   | 811-04986         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Western Asset High Yield Fund                                  | 811-06110         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason Partners Investment Trust

**Date:** 2023-01-06

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer