# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-26-000073
**Filing Date:** 2026-1
**Character Count:** 198408
**Document Hash:** 4362e635db87b5979be1702dc962a1d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-000073.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0000940400-26-000073

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260109

**EFFECTIVENESS DATE**: 20260109

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 26521880

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

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

## Series and Classes Contracts Data

### BrandywineGLOBAL - Multi-Sector Opportunities Fund (Series ID: S000031479)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000097870 | Class A      | LROAX           |
| C000097872 | Class FI     | LBAFX           |
| C000097873 | Class R      | LBARX           |
| C000097874 | Class I      | LROIX           |
| C000097875 | Class IS     | LROSX           |
| C000116978 | Class C      | LAOCX           |

### ClearBridge Value Fund (Series ID: S000036164)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110727 | Class A      | LGVAX           |
| C000110728 | Class C      | LMVTX           |
| C000110729 | Class FI     | LMVFX           |
| C000110730 | Class R      | LMVRX           |
| C000110732 | Class I      | LMNVX           |
| C000164621 | Class IS     | CBVBX           |

### ClearBridge Small Cap Fund (Series ID: S000036165)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110733 | Class R      | LMARX           |
| C000110735 | Class I      | LMNSX           |
| C000110736 | Class A      | LMSAX           |
| C000110737 | Class C      | LMASX           |
| C000110738 | Class FI     | LGASX           |
| C000164622 | Class IS     | LISGX           |

### ClearBridge International Growth Fund (Series ID: S000036166)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110739 | Class A      | LGGAX           |
| C000110740 | Class C      | LMGTX           |
| C000110741 | Class FI     | LMGFX           |
| C000110742 | Class R      | LMGRX           |
| C000110744 | Class I      | LMGNX           |
| C000164623 | Class IS     | LMGPX           |

### BrandywineGLOBAL - Alternative Credit Fund (Series ID: S000043089)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000133376 | Class A      | LMAPX           |
| C000133377 | Class C      | LMAQX           |
| C000133378 | Class FI     | LMAOX           |
| C000133380 | Class I      | LMANX           |
| C000133381 | Class IS     | LMAMX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of ClearBridge International Growth Fund, ClearBridge Small Cap Fund, ClearBridge Value Fund, BrandywineGLOBAL — Multi-Sector Opportunities Fund<br>In planning and performing our audits of the financial statements of ClearBridge International Growth Fund, ClearBridge Small Cap Fund, ClearBridge Value Fund, BrandywineGLOBAL — Multi-Sector Opportunities Fund (each a series of Legg Mason Global Asset Management Trust, hereinafter collectively referred to as the "Funds") as of and for the year ended October 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.<br>The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.<br>Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.<br>A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.<br>Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason Global Asset Management Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.<br>/s/PricewaterhouseCoopers LLP<br> Baltimore, Maryland<br> December 18, 2025<br>PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, Maryland 21202-1096<br> T: 410 783 7600, www.pwc.com/us

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

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

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

**Series ID Record:1**
- **Series ID:** S000036165

**Series ID Record:2**
- **Series ID:** S000031479

**Series ID Record:3**
- **Series ID:** S000036164

**Series ID Record:4**
- **Series ID:** S000043089

**Series ID Record:5**
- **Series ID:** S000036166

**Class ID Record:1**
- **Class ID:** C000110737

**Class ID Record:2**
- **Class ID:** C000110738

**Class ID Record:3**
- **Class ID:** C000164622

**Class ID Record:4**
- **Class ID:** C000110733

**Class ID Record:5**
- **Class ID:** C000110736

**Class ID Record:6**
- **Class ID:** C000110735

**Class ID Record:7**
- **Class ID:** C000097872

**Class ID Record:8**
- **Class ID:** C000097873

**Class ID Record:9**
- **Class ID:** C000097874

**Class ID Record:10**
- **Class ID:** C000097870

**Class ID Record:11**
- **Class ID:** C000097875

**Class ID Record:12**
- **Class ID:** C000116978

**Class ID Record:13**
- **Class ID:** C000110727

**Class ID Record:14**
- **Class ID:** C000110728

**Class ID Record:15**
- **Class ID:** C000110729

**Class ID Record:16**
- **Class ID:** C000110730

**Class ID Record:17**
- **Class ID:** C000110732

**Class ID Record:18**
- **Class ID:** C000164621

**Class ID Record:19**
- **Class ID:** C000133376

**Class ID Record:20**
- **Class ID:** C000133377

**Class ID Record:21**
- **Class ID:** C000133378

**Class ID Record:22**
- **Class ID:** C000133381

**Class ID Record:23**
- **Class ID:** C000133380

**Class ID Record:24**
- **Class ID:** C000110744

**Class ID Record:25**
- **Class ID:** C000110739

**Class ID Record:26**
- **Class ID:** C000164623

**Class ID Record:27**
- **Class ID:** C000110741

**Class ID Record:28**
- **Class ID:** C000110740

**Class ID Record:29**
- **Class ID:** C000110742

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

**Item A.1.a - Report for period ending:** 2025-10-31

**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 Global Asset Management Trust

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

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

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

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

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

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 2**

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

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

- **Street 2:** Suite 1800

- **c. City:** Philadelphia

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

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

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

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

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

**Location books Record: 3**

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

- **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:** 1-877-656-3863

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

**Location books Record: 4**

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

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

- **c. City:** Edinburgh

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

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

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

**Location books Record: 5**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 6**

- **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: 7**

- **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: 8**

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

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

- **c. City:** Sydney

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

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

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

**Location books Record: 9**

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

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

- **Street 2:** 18th Floor

- **c. City:** New York

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

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

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

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

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

**Location books Record: 10**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 11**

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

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

- **c. City:** New York

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

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

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

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

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

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

### Item B.8 - Directors

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

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

**Chief compliance officer Record: 1**

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

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

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

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - ClearBridge Small Cap Fund

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

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

- **b. Series identification number, if any:** S000036165

- **c. LEI:** 549300WKCUIK8SCOXT82

- **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                 | C000110737                                | LMASX                        |
|                           2 | Class FI                | C000110738                                | LGASX                        |
|                           3 | Class IS                | C000164622                                | LISGX                        |
|                           4 | Class R                 | C000110733                                | LMARX                        |
|                           5 | Class A                 | C000110736                                | LMSAX                        |
|                           6 | Class I                 | C000110735                                | LMNSX                        |

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

- Rule 22d-1 (17 CFR 270.22d-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?** Yes

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** 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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

- **vi. Is the administrator a sub-administrator?:** Yes

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $46,187.28

**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:** $25,664.61

**Brokers Record: 3**

- **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:** $78,692.40

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $40,283.94

**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:** $38,900.87

**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:** $89,273.83

**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:** $41,331.91

**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:** $89,496.98

**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:** $40,652.95

**Brokers Record: 10**

- **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:** $36,127.30

**Aggregate Commission:** $694,423.60

**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        | $1,758,540.00             |
| JEFFERIES LLC              | 008-15074         |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $2,239,200.00             |
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $3,033,330.00             |
| BOFA SECURITIES, INC.      | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $3,400,000.00             |
| Wells Fargo Securities LLC | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $7,547,400.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $17,978,470.00

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

- **Item C.19.a - Fund's monthly average net assets:** $779,430,112.06

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 4 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 8 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** MORGAN STANLEY BANK, N.A.

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

  - **Line Institutions Record: 11 Name of institution:** ROYAL BANK OF CANADA

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

  - **Line Institutions Record: 13 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 14 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 15 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 16 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 18 Name of institution:** BANK OF AMERICA, N.A.

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

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

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

- **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 - BrandywineGLOBAL - Multi-Sector Opportunities Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Multi-Sector Opportunities Fund

- **b. Series identification number, if any:** S000031479

- **c. LEI:** 54930025I496PLRXXD64

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class FI                | C000097872                                | LBAFX                        |
|                           2 | Class R                 | C000097873                                | LBARX                        |
|                           3 | Class I                 | C000097874                                | LROIX                        |
|                           4 | Class A                 | C000097870                                | LROAX                        |
|                           5 | Class IS                | C000097875                                | LROSX                        |
|                           6 | Class C                 | C000116978                                | LAOCX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

- Rule 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?** Yes

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** 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: 6**

- **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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,305.69

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,169.80

**Aggregate Commission:** $11,475.49

**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        | $24,259,637.24            |
| MORGAN STANLEY & CO. LLC              | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $13,212,143.49            |
| HSBC SECURITIES (USA), INC.           | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $13,671,164.89            |
| DEUTSCHE BANK SECURITIES, INC.        | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $11,262,140.58            |
| BARCLAYS CAPITAL, INC.                | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $46,773,001.98            |
| J.P. Morgan Securities LLC            | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $69,393,321.08            |
| NOMURA SECURITIES INTERNATIONAL, INC. | 008-15255         |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $9,840,968.99             |
| Wells Fargo Securities LLC            | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $25,177,407.83            |
| CitiGroup Global Markets Inc.         | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $64,004,422.86            |
| BOFA SECURITIES, INC.                 | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $37,961,815.20            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $369,288,553.82

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

- **Item C.19.a - Fund's monthly average net assets:** $97,154,444.21

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

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

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

**Line of Credit details Record: 1**

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

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

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

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

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

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

  - **Line Institutions Record: 4 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 5 Name of institution:** STANDARD CHARTERED BANK

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

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

  - **Line Institutions Record: 8 Name of institution:** MORGAN STANLEY BANK, N.A.

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

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

  - **Line Institutions Record: 11 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 13 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **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:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 17 Name of institution:** DEUTSCHE BANK AG

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

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

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

| Name of fund                                                           | SEC File number   |
|:---|:---|
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Templeton World Fund                                                   | 811-02781         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Income Fund                                                   | 811-00537         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin High Income Fund                                              | 811-01608         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Total Return Fund                                             | 811-04986         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| ClearBridge Growth Fund                                                | 811-06444         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| International Equity Series                                            | 811-06135         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| ClearBridge Select Fund                                                | 811-06444         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Templeton Foreign Fund                                                 | 811-02781         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Global Allocation 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: 3 - ClearBridge Value Fund

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

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

- **b. Series identification number, if any:** S000036164

- **c. LEI:** 5493008ED4GHJ6SLU352

- **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                 | C000110727                                | LGVAX                        |
|                           2 | Class C                 | C000110728                                | LMVTX                        |
|                           3 | Class FI                | C000110729                                | LMVFX                        |
|                           4 | Class R                 | C000110730                                | LMVRX                        |
|                           5 | Class I                 | C000110732                                | LMNVX                        |
|                           6 | Class IS                | C000164621                                | CBVBX                        |

**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 (17 CFR 270.18f-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)

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** 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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 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:** 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:** N/A

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

- **vi. Is the administrator a sub-administrator?:** Yes

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $96,342.28

**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:** $157,318.34

**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:** $368,955.15

**Brokers Record: 4**

- **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:** $106,214.66

**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:** $133,906.96

**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:** $122,191.76

**Brokers Record: 7**

- **i. Full name of broker:** BERNSTEIN INSTITUTIONAL SERVICES LLC

- **ii. SEC file number:** 008-71053

- **iii. CRD number:** 000317807

- **iv. LEI, if any:** 2549006LECDZGK4RBC19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $138,325.00

**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:** $178,690.75

**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:** $190,206.44

**Brokers Record: 10**

- **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:** $192,000.00

**Aggregate Commission:** $2,189,776.99

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

| Name                    | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL, INC.  | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $20,000,000.00            |
| GOLDMAN SACHS & CO. LLC | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $39,359,036.04            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $59,359,036.04

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

- **Item C.19.a - Fund's monthly average net assets:** $3,870,578,512.68

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 3 Name of institution:** BANK OF AMERICA, N.A.

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

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

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

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

  - **Line Institutions Record: 9 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 11 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

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

  - **Line Institutions Record: 15 Name of institution:** THE TORONTO-DOMINION BANK

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

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

  - **Line Institutions Record: 18 Name of institution:** GOLDMAN SACHS BANK USA

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

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

| Name of fund                                                           | SEC File number   |
|:---|:---|
| Putnam VT International Equity Fund                                    | 811-05346         |
| Putnam Research Fund                                                   | 811-07237         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam International Equity Fund                                       | 811-06190         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin International Equity Fund                                     | 811-22338         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Western Asset Total Return ETF                                         | 811-23096         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Income Fund                                                   | 811-00537         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam Global Technology Fund                                          | 811-07513         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Putnam VT International Value Fund                                     | 811-05346         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Templeton International Bond Fund                                      | 811-04706         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin International Growth Fund                                     | 811-10157         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam VT Research Fund                                                | 811-05346         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| ClearBridge Select Fund                                                | 811-06444         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Managed Income fund                                           | 811-04986         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Global Equity Fund                                            | 811-06444         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| International Equity Series                                            | 811-06135         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Global Allocation 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: 4 - ClearBridge International Growth Fund

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

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

- **b. Series identification number, if any:** S000036166

- **c. LEI:** 549300SUY81C3X143T93

- **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 I                 | C000110744                                | LMGNX                        |
|                           2 | Class A                 | C000110739                                | LGGAX                        |
|                           3 | Class IS                | C000164623                                | LMGPX                        |
|                           4 | Class FI                | C000110741                                | LMGFX                        |
|                           5 | Class C                 | C000110740                                | LMGTX                        |
|                           6 | Class R                 | C000110742                                | LMGRX                        |

**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 (17 CFR 270.18f-4)

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 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:** PricingDirect Inc.

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** 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: 5**

- **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: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

- **vi. Is the administrator a sub-administrator?:** Yes

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $456,656.55

**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:** $424,712.11

**Brokers Record: 3**

- **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:** $221,327.46

**Brokers Record: 4**

- **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:** $271,323.39

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $303,843.38

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,457,510.93

**Brokers Record: 7**

- **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:** $307,705.52

**Brokers Record: 8**

- **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:** $295,816.40

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $290,690.63

**Brokers Record: 10**

- **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:** $1,289,583.13

**Aggregate Commission:** $7,167,452.33

**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        | $13,532,034.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $13,532,034.00

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

- **Item C.19.a - Fund's monthly average net assets:** $6,596,854,630.75

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

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

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

  - **Line Institutions Record: 4 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 6 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 9 Name of institution:** STANDARD CHARTERED BANK

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

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

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

  - **Line Institutions Record: 13 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 15 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 16 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 17 Name of institution:** GOLDMAN SACHS BANK USA

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

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

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

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

## N-CEN: Part G: Attachments

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

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

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

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

- [ ] iv. Change in accounting principles and practices

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

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

## N-CEN: Signature

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

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

**Date:** 2026-01-09

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer