# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-25-203544
**Filing Date:** 2025-8
**Character Count:** 11223
**Document Hash:** ba19b7ff1874b603c7fd3253f7520984
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203544.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203544

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001176343

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 251253237

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **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
- **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 Conservative Model Portfolio (Series ID: S000068272)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218576 | Class I      | QLMAIX          |
| C000218577 | Class II     | QLMAJX          |

## 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 Conservative Model Portfolio

- **b. EDGAR series identifier (if any):** S000068272

- **c. LEI of Series:** 5493007NRDJ55I7D0G40

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $187953248.07

**Total Liabilities:** $105356.04

**Net Assets:** $187847892.03

**Cash Not Reported:** $129838.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218577 | 0.40%                | 0.80%                | 2.18%                |
| Class ID C000218576 | 0.40%                | 0.80%                | 2.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-308806.84              | $790332.45                                 |
| Month 2  | $668729.46               | $536101.80                                 |
| Month 3  | $-207445.84              | $3334752.08                                |

### 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 VIP Equity Income Portfolio                    | Fidelity VIP Equity Income Portfolio                    | CUSIP: 922174305<br>LEI: N/A                  | Long             | EC               | RF                | US        |     49782 | NS      | $1423259.63   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NYLI VP MFS Investors Trust - Initial Class             | NYLI VP MFS Investors Trust - Initial Class             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139374 | NS      | $1433248.09   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock High Yield VI Fund                            | BlackRock High Yield VI Fund                            | CUSIP: 09258X107<br>LEI: UT2CQXX2NAVCUUUA7P13 | Long             | EC               | RF                | US        |   1866939 | NS      | $13049906.57  | 6.95%             |  |  |  | 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        |     45828 | NS      | $5842091.74   | 3.11%             |  |  |  | No            |                  2 | 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        |   1670828 | NS      | $15872866.63  | 8.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Bond Init                                   | MainStay VP Bond Init                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1195803 | NS      | $14869929.69  | 7.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity International Index Fund                       | Fidelity International Index Fund                       | CUSIP: 315911727<br>LEI: N/A                  | Long             | EC               | RF                | US        |     32942 | NS      | $1888556.32   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS US Government Secs 1A                 | American Funds IS US Government Secs 1A                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2399146 | NS      | $23775537.31  | 12.66%            |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity US Bond Index Fund                             | Fidelity US Bond Index Fund                             | CUSIP: 316146356<br>LEI: 5VUJ0DJSDOFYE2WQN531 | Long             | EC               | RF                | US        |   2056038 | NS      | $21465041.42  | 11.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity 500 Index Fund                                 | Fidelity 500 Index Fund                                 | CUSIP: 315911750<br>LEI: VNHOOHES3TKXOTQ3FS51 | Long             | EC               | RF                | US        |     89191 | NS      | $19274962.84  | 10.26%            |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS Capital World Bond 1A                 | American Funds IS Capital World Bond 1A                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1275640 | NS      | $13177359.84  | 7.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO VIT Total Return Portfolio                        | PIMCO VIT Total Return Portfolio                        | CUSIP: 693394785<br>LEI: WXIJUDZ58N7QM7IEFC20 | Long             | EC               | RF                | US        |   1162939 | NS      | $10768811.80  | 5.73%             |  |  |  | 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        |     74426 | NS      | $1428983.80   | 0.76%             |  |  |  | No            |                  2 | 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        |   2749295 | NS      | $2749294.74   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco VI Main Street Small Cap Fund                   | Invesco VI Main Street Small Cap Fund                   | CUSIP: 00900X793<br>LEI: 549300ZLHE7V68FQT714 | Long             | EC               | CORP              | US        |     95746 | NS      | $2829288.72   | 1.51%             |  |  |  | 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        |    921027 | NS      | $7427533.95   | 3.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity VIP Investment Grade Bd II Init                | Fidelity VIP Investment Grade Bd II Init                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1746035 | NS      | $16744473.48  | 8.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya Growth and Income Portfolio                        | Voya Growth and Income Portfolio                        | CUSIP: 92913H105<br>LEI: EGZJ3ZLULHRUEQW4E910 | Long             | EC               | RF                | US        |    199836 | NS      | $4342433.87   | 2.31%             |  |  |  | No            |                  1 | 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        |    922130 | NS      | $9239744.35   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer