# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-23-035964
**Filing Date:** 2023-2
**Character Count:** 13418
**Document Hash:** 8cf3ab45ae6411ce3fbd0e9adb256c00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035964.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035964

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 23657676

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

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

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

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

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

## Series and Classes Contracts Data

### Franklin Templeton Moderate Model Portfolio (Series ID: S000068273)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218578 | Class II     | QLMAFX          |
| C000218579 | Class I      | QLMAEX          |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Legg Mason Partners Variable Equity Trust

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

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

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

- **a. Name of Series:** Franklin Templeton Moderate Model Portfolio

- **b. EDGAR series identifier (if any):** S000068273

- **c. LEI of Series:** 54930032BXZRBBQFVG10

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1025865481.75

**Total Liabilities:** $349313.15

**Net Assets:** $1025516168.60

**Cash Not Reported:** $770550.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218579 | 3.34%                | 4.75%                | -2.86%               |
| Class ID C000218578 | 3.35%                | 4.77%                | -2.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $7032677.63                                |
| Month 2  | $0.00                    | $47027339.54                               |
| Month 3  | $0.00                    | $-41720210.80                              |

### Schedule of Portfolio Investments

| Name                                                            | Title                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity International Index Fund                               | Fidelity International Index Fund                               | CUSIP: 315911727<br>LEI: 549300C2K28SY5V9FK59 | Long             | EC               | RF                | US        |    772410 | NS      | $31815578.57  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP MacKay Convertible Initl                            | MainStay VP MacKay Convertible Initl                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1410771 | NS      | $19652468.68  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO International Bond Portfolio U.S. Dollar-Hedged           | PIMCO International Bond Portfolio U.S. Dollar-Hedged           | CUSIP: 693394694<br>LEI: 549300P9300R3FCSTO42 | Long             | EC               | RF                | US        |   3209056 | NS      | $30518125.56  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO VIT Total Return Portfolio                                | PIMCO VIT Total Return Portfolio                                | CUSIP: 693394785<br>LEI: WXIJUDZ58N7QM7IEFC20 | Long             | EC               | RF                | US        |   7092405 | NS      | $63689797.71  | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VPFidty InsAM Utilts Pf Initl                          | MainStay VPFidty InsAM Utilts Pf Initl                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2330405 | NS      | $30768797.20  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity VIP Equity Income Portfolio                            | Fidelity VIP Equity Income Portfolio                            | CUSIP: 922174305<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1259833 | NS      | $29681672.64  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Variable Appreciation Portfolio                     | ClearBridge Variable Appreciation Portfolio                     | CUSIP: 52467W882<br>LEI: 549300JPS8VIXKYYNE50 | Long             | EC               | RF                | US        |    903702 | NS      | $45447191.33  | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Epoch US Equity Yield Initl                         | MainStay VP Epoch US Equity Yield Initl                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1809788 | NS      | $30486428.40  | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity 500 Index Fund                                         | Fidelity 500 Index Fund                                         | CUSIP: 315911750<br>LEI: VNHOOHES3TKXOTQ3FS51 | Long             | EC               | RF                | US        |    695825 | NS      | $92628276.18  | 9.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity US Bond Index                                          | Fidelity US Bond Index                                          | CUSIP: 316146356<br>LEI: 5VUJ0DJSDOFYE2WQN531 | Long             | EC               | RF                | US        |  12447729 | NS      | $126717877.69 | 12.36%            |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS The Bond Fd of Amer1A                         | American Funds IS The Bond Fd of Amer1A                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  10624094 | NS      | $99335275.88  | 9.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Variable Insurance Trust - Research Series                  | MFS Variable Insurance Trust - Research Series                  | CUSIP: 55273F308<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1447330 | NS      | $40148941.41  | 3.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP MacKay Common Stock Initl                           | MainStay VP MacKay Common Stock Initl                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2356720 | NS      | $50241035.25  | 4.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Variable Insurance Products - VIP Contrafund Portfolio | Fidelity Variable Insurance Products - VIP Contrafund Portfolio | CUSIP: 922175500<br>LEI: 63OPVRZIKP7DI20FOE51 | Long             | EC               | RF                | US        |    900215 | NS      | $34100157.65  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Delaware VIP Trust - Delaware VIP Small Cap Value Series        | Delaware VIP Trust - Delaware VIP Small Cap Value Series        | CUSIP: 246493670<br>LEI: 549300V02QTMX38GSE96 | Long             | EC               | RF                | US        |    526804 | NS      | $19523349.57  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP PIMCO Real Return Init                              | MainStay VP PIMCO Real Return Init                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3674849 | NS      | $30223432.21  | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP Bond Init                                           | MainStay VP Bond Init                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3310054 | NS      | $39972878.55  | 3.90%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS VIT Investors Trust Init                                    | MFS VIT Investors Trust Init                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1403128 | NS      | $45278926.10  | 4.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BNY Mellon IP Technology Growth Init                            | BNY Mellon IP Technology Growth Init                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1040042 | NS      | $18273532.39  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio         | BlackRock Liquidity Funds Treasury Trust Fund Portfolio         | CUSIP: 09248U551<br>LEI: 549300U5PI8CHFJM7202 | Long             | STIV             | RF                | US        |  18667374 | NS      | $18667374.22  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Variable Portfolio - Emerging Markets Bond Fund        | Columbia Variable Portfolio - Emerging Markets Bond Fund        | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2684521 | NS      | $20187596.75  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS Growth 1A                                     | American Funds IS Growth 1A                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    498265 | NS      | $37673825.50  | 3.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Core Plus VIT Portfolio                           | Western Asset Core Plus VIT Portfolio                           | CUSIP: 52467K771<br>LEI: 549300ZKZMJ585OXJ739 | Long             | EC               | RF                | US        |  10323146 | NS      | $49757562.51  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Eagle Small Growth Init                             | MainStay VP Eagle Small Growth Init                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2098497 | NS      | $19657880.68  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer