# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0000940400-26-026035
**Filing Date:** 2026-6
**Character Count:** 96004
**Document Hash:** ad930b2f0bc556e245054230ff0f4727
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-026035.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000940400-26-026035

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000880366

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 261127326

**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 EQUITY TRUST
- **DATE OF NAME CHANGE:** 20070412

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

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

## Series and Classes Contracts Data

### Franklin Multi-Asset Moderate Growth Fund (Series ID: S000016654)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046528 | Class A      | SCGRX           |
| C000046530 | Class C      | SCGCX           |
| C000046531 | Class I      | LLAIX           |
| C000058256 | Class R      | LLMRX           |

## Nport-Ex

Schedules of Investments (unaudited)

April 30, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Franklin Multi-Asset Growth Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Description |  | Shares | Value |
| **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** |
| **Domestic Equity — 77.7%** | **Domestic Equity — 77.7%** | **Domestic Equity — 77.7%** | **Domestic Equity — 77.7%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BrandywineGLOBAL — Dynamic US Large Cap Value ETF |  | &nbsp;&nbsp; 252324 | &nbsp;&nbsp;&nbsp; $3856848<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Small Cap Enhanced ETF |  | &nbsp;&nbsp; 1910130 | &nbsp;&nbsp;&nbsp; 53493191<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Appreciation Fund, Class IS Shares |  | &nbsp;&nbsp; 1181799 | &nbsp;&nbsp;&nbsp; 42722037<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Large Cap Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 1262197 | &nbsp;&nbsp;&nbsp; 93894819<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin U.S. Large Cap Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 9087538 | &nbsp;&nbsp;&nbsp; 261811963<br>|
| &nbsp;&nbsp;&nbsp; Putnam Investment Funds: | &nbsp;&nbsp;&nbsp; Putnam Investment Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Growth Fund, Class R6 Shares |  | &nbsp;&nbsp; 1656163 | &nbsp;&nbsp;&nbsp; 139862975<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Value Fund, Class R6 Shares |  | &nbsp;&nbsp; 3464091 | &nbsp;&nbsp;&nbsp; 144972193<br>|
| **Total Domestic Equity** | **Total Domestic Equity** | **Total Domestic Equity** | &nbsp;&nbsp; **740614026** |
| **Foreign Equity — 16.9%** | **Foreign Equity — 16.9%** | **Foreign Equity — 16.9%** | **Foreign Equity — 16.9%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin FTSE Japan ETF |  | &nbsp;&nbsp; 235434 | &nbsp;&nbsp;&nbsp; 8965326<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Systematic Style Premia ETF |  | &nbsp;&nbsp; 695904 | &nbsp;&nbsp;&nbsp; 18861156<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge International Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 82835 | &nbsp;&nbsp;&nbsp; 6322761<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin International Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 2446130 | &nbsp;&nbsp;&nbsp; 54181771<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds: | &nbsp;&nbsp;&nbsp; Templeton Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Developing Markets Trust, Class A Shares |  | &nbsp;&nbsp; 2080193 | &nbsp;&nbsp;&nbsp; 66004522<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign Fund, Class R6 Shares |  | &nbsp;&nbsp; 650055 | &nbsp;&nbsp;&nbsp; 6403039<br>|
| **Total Foreign Equity** | **Total Foreign Equity** | **Total Foreign Equity** | &nbsp;&nbsp; **160738575** |
| **Domestic Fixed Income — 2.9%** | **Domestic Fixed Income — 2.9%** | **Domestic Fixed Income — 2.9%** | **Domestic Fixed Income — 2.9%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin U.S. Core Bond ETF |  | &nbsp;&nbsp; 220480 | &nbsp;&nbsp;&nbsp; 4729296<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds — Franklin BSP Lending Fund, Class R6 Shares |  | &nbsp;&nbsp; 2282783 | &nbsp;&nbsp;&nbsp; 23124594<br>|
| **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | &nbsp;&nbsp; **27853890** |
| **Total Investments in Underlying Funds before Short-Term Investments (Cost — $699,726,992)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $699,726,992)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $699,726,992)** | &nbsp;&nbsp; **929206491** |
|  | Rate |  |  |
| **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, Institutional Class <br>(Cost — $20,747,601) | &nbsp;&nbsp; 3.578% | &nbsp;&nbsp; 20747601 | &nbsp;&nbsp;&nbsp;&nbsp; **20747601**<br> <sup>(b)</sup><br>|
| **Total Investments — 99.7% (Cost — $720,474,593)** | **Total Investments — 99.7% (Cost — $720,474,593)** | **Total Investments — 99.7% (Cost — $720,474,593)** | &nbsp;&nbsp; **949954092** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.3% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.3% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.3% | &nbsp;&nbsp;&nbsp; 3297423 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$953251515** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Underlying Funds are affiliated with Franklin Resources, Inc. and more information about the Underlying Funds are available at www.franklintempleton.com (Note 2). 

<sup>(b)</sup> Rate shown is one-day yield as of the end of the reporting period. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ETF | —  | Exchange-Traded Fund |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedules of Investments.

------

Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

Schedules of Investments (unaudited)

April 30, 2026

 **Franklin Multi-Asset Moderate Growth Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Description |  | Shares | Value |
| **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** |
| **Domestic Equity — 65.2%** | **Domestic Equity — 65.2%** | **Domestic Equity — 65.2%** | **Domestic Equity — 65.2%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BrandywineGLOBAL — Dynamic US Large Cap Value ETF |  | &nbsp;&nbsp; 121815 | &nbsp;&nbsp;&nbsp; $1861979<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Small Cap Enhanced ETF |  | &nbsp;&nbsp; 922155 | &nbsp;&nbsp;&nbsp; 25824951<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Appreciation Fund, Class IS Shares |  | &nbsp;&nbsp; 580170 | &nbsp;&nbsp;&nbsp; 20973146<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Large Cap Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 588930 | &nbsp;&nbsp;&nbsp; 43810510<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin U.S. Large Cap Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 4373858 | &nbsp;&nbsp;&nbsp; 126010854<br>|
| &nbsp;&nbsp;&nbsp; Putnam Investment Funds: | &nbsp;&nbsp;&nbsp; Putnam Investment Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Growth Fund, Class R6 Shares |  | &nbsp;&nbsp; 817605 | &nbsp;&nbsp;&nbsp; 69046730<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Value Fund, Class R6 Shares |  | &nbsp;&nbsp; 1672738 | &nbsp;&nbsp;&nbsp; 70004098<br>|
| **Total Domestic Equity** | **Total Domestic Equity** | **Total Domestic Equity** | &nbsp;&nbsp; **357532268** |
| **Foreign Equity — 14.5%** | **Foreign Equity — 14.5%** | **Foreign Equity — 14.5%** | **Foreign Equity — 14.5%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin FTSE Japan ETF |  | &nbsp;&nbsp; 113660 | &nbsp;&nbsp;&nbsp; 4328173<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Systematic Style Premia ETF |  | &nbsp;&nbsp; 403910 | &nbsp;&nbsp;&nbsp; 10947213<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge International Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 40143 | &nbsp;&nbsp;&nbsp; 3064119<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin International Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 1180242 | &nbsp;&nbsp;&nbsp; 26142357<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds: | &nbsp;&nbsp;&nbsp; Templeton Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Developing Markets Trust, Class A Shares |  | &nbsp;&nbsp; 1004353 | &nbsp;&nbsp;&nbsp; 31868102<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign Fund, Class R6 Shares |  | &nbsp;&nbsp; 315030 | &nbsp;&nbsp;&nbsp; 3103048<br>|
| **Total Foreign Equity** | **Total Foreign Equity** | **Total Foreign Equity** | &nbsp;&nbsp; **79453012** |
| **Domestic Fixed Income — 12.8%** | **Domestic Fixed Income — 12.8%** | **Domestic Fixed Income — 12.8%** | **Domestic Fixed Income — 12.8%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin U.S. Core Bond ETF |  | &nbsp;&nbsp; 2658375 | &nbsp;&nbsp;&nbsp; 57022144<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds — Franklin BSP Lending Fund, Class R6 Shares |  | &nbsp;&nbsp; 1320095 | &nbsp;&nbsp;&nbsp; 13372560<br>|
| **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | &nbsp;&nbsp; **70394704** |
| **Foreign Fixed Income — 5.0%** | **Foreign Fixed Income — 5.0%** | **Foreign Fixed Income — 5.0%** | **Foreign Fixed Income — 5.0%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin High Yield Corporate ETF |  | &nbsp;&nbsp; 329392 | &nbsp;&nbsp;&nbsp; 8037165<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust — BrandywineGLOBAL — Flexible Bond Fund, <br> Class IS Shares |  | &nbsp;&nbsp; 2057313 | &nbsp;&nbsp;&nbsp; 19359319<br>|
| **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | &nbsp;&nbsp; **27396484** |
| **Total Investments in Underlying Funds before Short-Term Investments (Cost — $420,243,621)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $420,243,621)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $420,243,621)** | &nbsp;&nbsp; **534776468** |
|  | Rate |  |  |
| **Short-Term Investments — 2.0%** | **Short-Term Investments — 2.0%** | **Short-Term Investments — 2.0%** | **Short-Term Investments — 2.0%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, Institutional Class <br>(Cost — $11,134,212) | &nbsp;&nbsp; 3.578% | &nbsp;&nbsp; 11134212 | &nbsp;&nbsp;&nbsp;&nbsp; **11134212**<br> <sup>(b)</sup><br>|
| **Total Investments — 99.5% (Cost — $431,377,833)** | **Total Investments — 99.5% (Cost — $431,377,833)** | **Total Investments — 99.5% (Cost — $431,377,833)** | &nbsp;&nbsp; **545910680** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; 2480624 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$548391304** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Underlying Funds are affiliated with Franklin Resources, Inc. and more information about the Underlying Funds are available at www.franklintempleton.com (Note 2). 

<sup>(b)</sup> Rate shown is one-day yield as of the end of the reporting period. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ETF | —  | Exchange-Traded Fund |

---

See Notes to Schedules of Investments.

------

Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

 **Franklin Multi-Asset Moderate Growth Fund**

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedules of Investments.

------

Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

Schedules of Investments (unaudited)

April 30, 2026

 **Franklin Multi-Asset Conservative Growth Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Description |  | Shares | Value |
| **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.5%** |
| **Domestic Equity — 48.4%** | **Domestic Equity — 48.4%** | **Domestic Equity — 48.4%** | **Domestic Equity — 48.4%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BrandywineGLOBAL — Dynamic US Large Cap Value ETF |  | &nbsp;&nbsp; 50137 | &nbsp;&nbsp;&nbsp; $766359<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Small Cap Enhanced ETF |  | &nbsp;&nbsp; 379720 | &nbsp;&nbsp;&nbsp; 10634059<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Appreciation Fund, Class IS Shares |  | &nbsp;&nbsp; 238975 | &nbsp;&nbsp;&nbsp; 8638940<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Large Cap Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 239891 | &nbsp;&nbsp;&nbsp; 17845457<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin U.S. Large Cap Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 1801212 | &nbsp;&nbsp;&nbsp; 51892922<br>|
| &nbsp;&nbsp;&nbsp; Putnam Investment Funds: | &nbsp;&nbsp;&nbsp; Putnam Investment Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Growth Fund, Class R6 Shares |  | &nbsp;&nbsp; 338996 | &nbsp;&nbsp;&nbsp; 28628235<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Value Fund, Class R6 Shares |  | &nbsp;&nbsp; 689054 | &nbsp;&nbsp;&nbsp; 28836908<br>|
| **Total Domestic Equity** | **Total Domestic Equity** | **Total Domestic Equity** | &nbsp;&nbsp; **147242880** |
| **Domestic Fixed Income — 26.3%** | **Domestic Fixed Income — 26.3%** | **Domestic Fixed Income — 26.3%** | **Domestic Fixed Income — 26.3%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin U.S. Core Bond ETF |  | &nbsp;&nbsp; 3379141 | &nbsp;&nbsp;&nbsp; 72482574<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds — Franklin BSP Lending Fund, Class R6 Shares |  | &nbsp;&nbsp; 744429 | &nbsp;&nbsp;&nbsp; 7541064<br>|
| **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | &nbsp;&nbsp; **80023638** |
| **Foreign Fixed Income — 11.5%** | **Foreign Fixed Income — 11.5%** | **Foreign Fixed Income — 11.5%** | **Foreign Fixed Income — 11.5%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin High Yield Corporate ETF |  | &nbsp;&nbsp; 418700 | &nbsp;&nbsp;&nbsp; 10216280<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust — BrandywineGLOBAL — Flexible Bond Fund, <br> Class IS Shares |  | &nbsp;&nbsp; 2615336 | &nbsp;&nbsp;&nbsp; 24610310<br>|
| **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | &nbsp;&nbsp; **34826590** |
| **Foreign Equity — 11.3%** | **Foreign Equity — 11.3%** | **Foreign Equity — 11.3%** | **Foreign Equity — 11.3%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin FTSE Japan ETF |  | &nbsp;&nbsp; 46802 | &nbsp;&nbsp;&nbsp; 1782220<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Systematic Style Premia ETF |  | &nbsp;&nbsp; 229062 | &nbsp;&nbsp;&nbsp; 6208290<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge International Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 16307 | &nbsp;&nbsp;&nbsp; 1244710<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin International Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 487669 | &nbsp;&nbsp;&nbsp; 10801870<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds: | &nbsp;&nbsp;&nbsp; Templeton Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Developing Markets Trust, Class A Shares |  | &nbsp;&nbsp; 413607 | &nbsp;&nbsp;&nbsp; 13123756<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign Fund, Class R6 Shares |  | &nbsp;&nbsp; 128037 | &nbsp;&nbsp;&nbsp; 1261169<br>|
| **Total Foreign Equity** | **Total Foreign Equity** | **Total Foreign Equity** | &nbsp;&nbsp; **34422015** |
| **Total Investments in Underlying Funds before Short-Term Investments (Cost — $248,148,565)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $248,148,565)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $248,148,565)** | &nbsp;&nbsp; **296515123** |
|  | Rate |  |  |
| **Short-Term Investments — 2.3%** | **Short-Term Investments — 2.3%** | **Short-Term Investments — 2.3%** | **Short-Term Investments — 2.3%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, Institutional Class <br>(Cost — $7,043,816) | &nbsp;&nbsp; 3.578% | &nbsp;&nbsp; 7043816 | &nbsp;&nbsp;&nbsp;&nbsp; **7043816**<br> <sup>(b)</sup><br>|
| **Total Investments — 99.8% (Cost — $255,192,381)** | **Total Investments — 99.8% (Cost — $255,192,381)** | **Total Investments — 99.8% (Cost — $255,192,381)** | &nbsp;&nbsp; **303558939** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; 620401 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$304179340** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Underlying Funds are affiliated with Franklin Resources, Inc. and more information about the Underlying Funds are available at www.franklintempleton.com (Note 2). 

<sup>(b)</sup> Rate shown is one-day yield as of the end of the reporting period. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ETF | —  | Exchange-Traded Fund |

---

See Notes to Schedules of Investments.

------

Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

 **Franklin Multi-Asset Conservative Growth Fund**

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedules of Investments.

------

Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

Schedules of Investments (unaudited)

April 30, 2026

 **Franklin Multi-Asset Defensive Growth Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Description |  | Shares | Value |
| **Investments in Underlying Funds**<sup>(a)</sup> **— 97.6%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.6%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.6%** | **Investments in Underlying Funds**<sup>(a)</sup> **— 97.6%** |
| **Domestic Fixed Income — 39.8%** | **Domestic Fixed Income — 39.8%** | **Domestic Fixed Income — 39.8%** | **Domestic Fixed Income — 39.8%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin U.S. Core Bond ETF |  | &nbsp;&nbsp; 1800213 | &nbsp;&nbsp;&nbsp; $38614569<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds — Franklin BSP Lending Fund, Class R6 Shares |  | &nbsp;&nbsp; 253204 | &nbsp;&nbsp;&nbsp; 2564953<br>|
| **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | **Total Domestic Fixed Income** | &nbsp;&nbsp; **41179522** |
| **Domestic Equity — 31.7%** | **Domestic Equity — 31.7%** | **Domestic Equity — 31.7%** | **Domestic Equity — 31.7%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BrandywineGLOBAL — Dynamic US Large Cap Value ETF |  | &nbsp;&nbsp; 2670 | &nbsp;&nbsp;&nbsp; 40812<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Small Cap Enhanced ETF |  | &nbsp;&nbsp; 84387 | &nbsp;&nbsp;&nbsp; 2363258<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Partners Investment Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Appreciation Fund, Class IS Shares |  | &nbsp;&nbsp; 51439 | &nbsp;&nbsp;&nbsp; 1859531<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Large Cap Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 48593 | &nbsp;&nbsp;&nbsp; 3614831<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin U.S. Large Cap Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 402400 | &nbsp;&nbsp;&nbsp; 11593157<br>|
| &nbsp;&nbsp;&nbsp; Putnam Investment Funds: | &nbsp;&nbsp;&nbsp; Putnam Investment Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Growth Fund, Class R6 Shares |  | &nbsp;&nbsp; 79522 | &nbsp;&nbsp;&nbsp; 6715634<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Putnam Large Cap Value Fund, Class R6 Shares |  | &nbsp;&nbsp; 156161 | &nbsp;&nbsp;&nbsp; 6535328<br>|
| **Total Domestic Equity** | **Total Domestic Equity** | **Total Domestic Equity** | &nbsp;&nbsp; **32722551** |
| **Foreign Fixed Income — 17.9%** | **Foreign Fixed Income — 17.9%** | **Foreign Fixed Income — 17.9%** | **Foreign Fixed Income — 17.9%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust — Franklin High Yield Corporate ETF |  | &nbsp;&nbsp; 223059 | &nbsp;&nbsp;&nbsp; 5442640<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust — BrandywineGLOBAL — Flexible Bond Fund, <br> Class IS Shares |  | &nbsp;&nbsp; 1393290 | &nbsp;&nbsp;&nbsp; 13110861<br>|
| **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | **Total Foreign Fixed Income** | &nbsp;&nbsp; **18553501** |
| **Foreign Equity — 8.2%** | **Foreign Equity — 8.2%** | **Foreign Equity — 8.2%** | **Foreign Equity — 8.2%** |
| &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: | &nbsp;&nbsp;&nbsp; Franklin Templeton ETF Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin FTSE Japan ETF |  | &nbsp;&nbsp; 10401 | &nbsp;&nbsp;&nbsp; 396070<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Systematic Style Premia ETF |  | &nbsp;&nbsp; 79877 | &nbsp;&nbsp;&nbsp; 2164914<br>|
| &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: | &nbsp;&nbsp;&nbsp; Legg Mason Global Asset Management Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClearBridge International Growth Fund, Class IS Shares |  | &nbsp;&nbsp; 3603 | &nbsp;&nbsp;&nbsp; 275017<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin International Equity Fund, Class IS Shares |  | &nbsp;&nbsp; 108529 | &nbsp;&nbsp;&nbsp; 2403916<br>|
| &nbsp;&nbsp;&nbsp; Templeton Funds: | &nbsp;&nbsp;&nbsp; Templeton Funds: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Developing Markets Trust, Class A Shares |  | &nbsp;&nbsp; 91922 | &nbsp;&nbsp;&nbsp; 2916677<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign Fund, Class R6 Shares |  | &nbsp;&nbsp; 28305 | &nbsp;&nbsp;&nbsp; 278803<br>|
| **Total Foreign Equity** | **Total Foreign Equity** | **Total Foreign Equity** | &nbsp;&nbsp; **8435397** |
| **Total Investments in Underlying Funds before Short-Term Investments (Cost — $90,134,884)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $90,134,884)** | **Total Investments in Underlying Funds before Short-Term Investments (Cost — $90,134,884)** | &nbsp;&nbsp; **100890971** |
|  | Rate |  |  |
| **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** | **Short-Term Investments — 2.2%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, Institutional Class <br>(Cost — $2,227,683) | &nbsp;&nbsp; 3.578% | &nbsp;&nbsp; 2227683 | &nbsp;&nbsp;&nbsp;&nbsp; **2227683**<br> <sup>(b)</sup><br>|
| **Total Investments — 99.8% (Cost — $92,362,567)** | **Total Investments — 99.8% (Cost — $92,362,567)** | **Total Investments — 99.8% (Cost — $92,362,567)** | &nbsp;&nbsp; **103118654** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.2% | &nbsp;&nbsp;&nbsp; 246607 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$103365261** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Underlying Funds are affiliated with Franklin Resources, Inc. and more information about the Underlying Funds are available at www.franklintempleton.com (Note 2). 

<sup>(b)</sup> Rate shown is one-day yield as of the end of the reporting period. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ETF | —  | Exchange-Traded Fund |

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See Notes to Schedules of Investments.

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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 **Franklin Multi-Asset Defensive Growth Fund**

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedules of Investments.

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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Notes to Schedules of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Franklin Multi-Asset Growth Fund ("Growth Fund"), Franklin Multi-Asset Moderate Growth Fund ("Moderate Growth Fund"), Franklin Multi-Asset Conservative Growth Fund ("Conservative Growth Fund") and Franklin Multi-Asset Defensive Growth Fund ("Defensive Growth Fund") (the "Funds") are separate diversified investment series of Legg Mason Partners Investment Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Funds invest in Franklin Resources, Inc. ("Franklin Resources") affiliated mutual funds and exchange-traded funds ("ETFs") and ETFs managed by unaffiliated investment advisers ("Underlying Funds").

The Funds follow the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Funds and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** Investments in the Underlying Funds are valued at the closing net asset value per share of each Underlying Fund on the day of valuation. Equity securities, including ETFs, for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Funds hold securities or other assets that are denominated in a foreign currency, the Funds will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before each Fund calculates its net asset value, the Funds value these securities as determined in accordance with procedures approved by the Funds' Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Funds' manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Funds' manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Funds' pricing policies, and reporting to the Funds' manager and the Board. When determining the reliability of third party pricing information for investments owned by the Funds, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities. Additionally, if the closing net asset value per share for an underlying fund is not available on the day of valuation, the Valuation Committee may adjust the underlying fund's last available net asset value per share to account for significant events that have occurred subsequent to the underlying fund's last net asset value per share calculation but prior to the day of valuation.

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Funds use valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Funds' assets carried at fair value:

**Growth Fund** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Investments in Underlying Funds† | &nbsp;&nbsp; $929206491 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $929206491 |
| Short-Term Investments† | &nbsp;&nbsp; 20747601 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 20747601 |
| **Total Investments** | &nbsp;&nbsp; **$949954092** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$949954092** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**Moderate Growth Fund** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Investments in Underlying Funds† | &nbsp;&nbsp; $534776468 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $534776468 |
| Short-Term Investments† | &nbsp;&nbsp; 11134212 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 11134212 |
| **Total Investments** | &nbsp;&nbsp; **$545910680** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$545910680** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**Conservative Growth Fund** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Investments in Underlying Funds† | &nbsp;&nbsp; $296515123 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $296515123 |
| Short-Term Investments† | &nbsp;&nbsp; 7043816 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7043816 |
| **Total Investments** | &nbsp;&nbsp; **$303558939** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$303558939** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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Notes to Schedules of Investments (unaudited) (cont'd)

**Defensive Growth Fund** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Investments in Underlying Funds† | &nbsp;&nbsp; $100890971 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $100890971 |
| Short-Term Investments† | &nbsp;&nbsp; 2227683 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2227683 |
| **Total Investments** | &nbsp;&nbsp; **$103118654** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$103118654** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated companies**

As defined by the 1940 Act, an affiliated company is one in which the Funds own 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Funds. The following Underlying Funds were considered affiliated companies for all or some portion of the period ended April 30, 2026. The following transactions were effected in such Underlying Funds for the period ended April 30, 2026. <br>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Purchased | Purchased | Sold | Sold | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| Growth Fund | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Cost | Shares | Proceeds | Shares | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF |
|  | $10322909 |  |  | $6551773 | 436614 | $1690615 |  | $(1604903)<br>| $3856848 |
| Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF |
|  | 52349788 |  |  | 2765513 | 106519 | (31143)<br>| $56791 | 3940059 | 53493191 |
| ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares |
|  | 47268484 |  |  | 5361945 | 156872 | 357387 |  | 458111 | 42722037 |
| ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares |
|  | 144972358 |  |  | 49606144 | 699540 | (949621)<br>|  | (521774)<br>| 93894819 |
| Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares |
|  | 249167388 | $14199596 | 503260 | 10238024 | 381803 | (429563)<br>|  | 9112566 | 261811963 |
| Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares |
|  | 94957564 | 38267390 | 497154 |  |  |  |  | 6638021 | 139862975 |
| Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares |
|  | 143526242 | 13202178 | 316662 | 15243289 | 385090 | 237307 | 346016 | 3249755 | 144972193 |
| Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF |
|  |  | 18389572 | 461329 | 7990464 | 225895 | (1028146)<br>|  | (405636)<br>| 8965326 |
| Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF |
|  | 18796367 |  |  |  |  |  |  | 64789 | 18861156 |
| ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares |
|  | 16111565 |  |  | 9911019 | 127939 | 3364357 |  | (3242142)<br>| 6322761 |
| Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares |
|  | 45692988 | 7920220 | 364445 |  |  |  |  | 568563 | 54181771 |
| Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares |
|  | 51977226 | 17072408 | 576965 | 7947870 | 262303 | 186316 |  | 4716442 | 66004522 |
| Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares |
|  | 16287406 |  |  | 9977312 | 995137 | 2105771 |  | (2012826)<br>| 6403039 |
| Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF |
|  | 23762892 | 5859045 | 272704 | 24813741 | 1147793 | 5249 | 201572 | (84149)<br>| 4729296 |
| Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares |
|  | 23078938 |  |  |  |  |  | 407356 | 45656 | 23124594 |
|  | **$938272115** | **$114910409** |  | **$150407094** |  | **$5508529** | **$1011735** | **$20922532** | **$929206491** |

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Purchased | Purchased | Sold | Sold | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| Moderate Growth Fund | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Cost | Shares | Proceeds | Shares | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF |
|  | $4862018 |  |  | $3032824 | 202670 | $776210 |  | $(743425)<br>| $1861979 |
| Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF |
|  | 25297032 |  |  | 1394700 | 52352 | 20199 | $27550 | 1902420 | 25824951 |
| ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares |
|  | 22841381 |  |  | 2331852 | 66711 | 91888 |  | 371729 | 20973146 |
| ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares |
|  | 70050465 |  |  | 25539666 | 358979 | (403730)<br>|  | (296559)<br>| 43810510 |
| Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares |
|  | 120399168 | $6475862 | 231742 | 5107128 | 190348 | (211194)<br>|  | 4454146 | 126010854 |
| Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares |
|  | 45885179 | 19799556 | 257552 |  |  |  |  | 3361995 | 69046730 |
| Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares |
|  | 69480566 | 5685540 | 136476 | 6880478 | 173818 | 92599 | 169239 | 1625871 | 70004098 |
| Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF |
|  |  | 8858210 | 222152 | 3837639 | 108492 | (493785)<br>|  | (198613)<br>| 4328173 |
| Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF |
|  | 10909609 |  |  |  |  |  |  | 37604 | 10947213 |
| ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares |
|  | 7784922 |  |  | 4779053 | 61701 | 1595307 |  | (1537057)<br>| 3064119 |
| Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares |
|  | 22081196 | 3778196 | 174265 |  |  |  |  | 282965 | 26142357 |
| Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares |
|  | 25114506 | 8569997 | 289626 | 4241294 | 138347 | 147618 |  | 2277275 | 31868102 |
| Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares |
|  | 7870216 |  |  | 4811326 | 479941 | 1014992 |  | (970834)<br>| 3103048 |
| Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF |
|  | 64758402 |  |  | 7120406 | 327259 | (87473)<br>| 633862 | (528379)<br>| 57022144 |
| Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares |
|  | 13346158 |  |  |  |  |  | 235567 | 26402 | 13372560 |
| Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF |
|  | 9106231 |  |  | 994206 | 40780 | 4035 | 136220 | (78895)<br>| 8037165 |
| BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares |
|  | 21964049 | 326060 | 35364 | 2676931 | 282778 | (111261)<br>| 326059 | (142598)<br>| 19359319 |
|  | **$541751098** | **$53493421** |  | **$72747503** |  | **$2435405** | **$1528497** | **$9844047** | **$534776468** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Purchased | Purchased | Sold | Sold | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| Conservative Growth Fund | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Cost | Shares | Proceeds | Shares | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF |
|  | $2008968 |  |  | $1249251 | 83939 | $317528 |  | $(310886)<br>| $766359 |
| Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF |
|  | 10504514 |  |  | 675913 | 24941 | 21087 | $11419 | 784371 | 10634059 |
| ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares |
|  | 9484782 |  |  | 1039128 | 29640 | 98493 |  | 94793 | 8638940 |
| ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares |
|  | 29083912 |  |  | 10929599 | 153667 | (135628)<br>|  | (173228)<br>| 17845457 |
| Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares |
|  | 49991530 | $3295356 | 120629 | 3188248 | 118321 | (117638)<br>|  | 1911922 | 51892922 |

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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Notes to Schedules of Investments (unaudited) (cont'd)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate<br> Value at<br> January 31,<br> 2026 | Purchased | Purchased | Sold | Sold | Realized<br> Gain (Loss)<br> from Sale<br> of Affiliated<br> Underlying<br> Funds | Income<br> Distributions<br> from<br> Affiliated<br> Underlying<br> Funds | Net Increase<br> (Decrease) in<br> Unrealized<br> Appreciation<br> (Depreciation) | Affiliate<br> Value at<br> April 30,<br> 2026 |
| Conservative Growth Fund (cont'd) | Affiliate<br> Value at<br> January 31,<br> 2026 | Cost | Shares | Proceeds | Shares | Realized<br> Gain (Loss)<br> from Sale<br> of Affiliated<br> Underlying<br> Funds | Income<br> Distributions<br> from<br> Affiliated<br> Underlying<br> Funds | Net Increase<br> (Decrease) in<br> Unrealized<br> Appreciation<br> (Depreciation) | Affiliate<br> Value at<br> April 30,<br> 2026 |
| Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares |
|  | $19053015 | $8190097 | 106444 |  |  |  |  | $1385123 | $28628235 |
| Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares |
|  | 28860601 | 1892482 | 45515 | $2643170 | 66788 | $31186 | $71223 | 695809 | 28836908 |
| Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF |
|  | 77665838 | 1314688 | 61248 | 5711869 | 262828 | (76918)<br>| 772016 | (709165)<br>| 72482574 |
| Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares |
|  | 7526175 |  |  |  |  |  | 132841 | 14889 | 7541064 |
| Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF |
|  | 10921268 |  |  | 613887 | 25254 | (3325)<br>| 165992 | (87776)<br>| 10216280 |
| BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares |
|  | 26341055 | 401163 | 43510 | 1813683 | 192188 | (81295)<br>| 401163 | (236930)<br>| 24610310 |
| Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF |
|  |  | 3669607 | 91999 | 1599090 | 45197 | (205351)<br>|  | (82946)<br>| 1782220 |
| Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF |
|  | 6186965 |  |  |  |  |  |  | 21325 | 6208290 |
| ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares |
|  | 3232756 |  |  | 2009806 | 25984 | 669008 |  | (647248)<br>| 1244710 |
| Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares |
|  | 9168721 | 1514327 | 69960 |  |  |  |  | 118822 | 10801870 |
| Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares |
|  | 10427121 | 3658449 | 123638 | 1981866 | 64213 | 81806 |  | 938246 | 13123756 |
| Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares |
|  | 3268109 |  |  | 2023063 | 202075 | 424653 |  | (408530)<br>| 1261169 |
|  | **$303725330** | **$23936169** |  | **$35478573** |  | **$1023606** | **$1554654** | **$3308591** | **$296515123** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Purchased | Purchased | Sold | Sold | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| Defensive Growth Fund | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>January 31, <br>2026 | Cost | Shares | Proceeds | Shares | Realized <br>Gain (Loss) <br>from Sale <br>of Affiliated <br>Underlying <br>Funds | Income <br>Distributions <br>from <br>Affiliated <br>Underlying <br>Funds | Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation) | Affiliate <br>Value at <br>April 30, <br>2026 |
| Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF | Franklin U.S. Core Bond ETF |
|  | $40907123 | $555793 | 25893 | $2424110 | 111670 | $(35422)<br>| $410380 | $(388815)<br>| $38614569 |
| Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares | Franklin BSP Lending Fund, Class R6 Shares |
|  | 2559889 |  |  |  |  |  | 45183 | 5064 | 2564953 |
| BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF | BrandywineGLOBAL — Dynamic US Large Cap Value ETF |
|  | 430200 |  |  | 386092 | 26041 | 98318 |  | (101614)<br>| 40812 |
| Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF | Franklin Small Cap Enhanced ETF |
|  | 2353269 | 14457 | 557 | 180661 | 6824 | 1497 | 2553 | 174696 | 2363258 |
| ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares | ClearBridge Appreciation Fund, Class IS Shares |
|  | 2124858 |  |  | 305707 | 8738 | 67620 |  | (27240)<br>| 1859531 |
| ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares | ClearBridge Large Cap Growth Fund, Class IS Shares |
|  | 6514785 |  |  | 2814122 | 39564 | 121348 |  | (207180)<br>| 3614831 |
| Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares | Franklin U.S. Large Cap Equity Fund, Class IS Shares |
|  | 11198392 | 893109 | 32876 | 895421 | 33441 | (38389)<br>|  | 435466 | 11593157 |
| Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares | Putnam Large Cap Growth Fund, Class R6 Shares |
|  | 4268260 | 2106808 | 27426 |  |  |  |  | 340566 | 6715634 |
| Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares | Putnam Large Cap Value Fund, Class R6 Shares |
|  | 6485006 | 470574 | 11331 | 584720 | 14781 | (917)<br>| 16229 | 165385 | 6535328 |
| Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF | Franklin High Yield Corporate ETF |
|  | 5752292 |  |  | 261645 | 10774 | (754)<br>| 88268 | (47253)<br>| 5442640 |
| BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares | BrandywineGLOBAL — Flexible Bond Fund, Class IS Shares |
|  | 13873408 | 213060 | 23108 | 806491 | 85580 | (37326)<br>| 213060 | (131790)<br>| 13110861 |

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Affiliate<br> Value at<br> January 31,<br> 2026 | Purchased | Purchased | Sold | Sold | Realized<br> Gain (Loss)<br> from Sale<br> of Affiliated<br> Underlying<br> Funds | Income<br> Distributions<br> from<br> Affiliated<br> Underlying<br> Funds | Net Increase<br> (Decrease) in<br> Unrealized<br> Appreciation<br> (Depreciation) | Affiliate<br> Value at<br> April 30,<br> 2026 |
| Defensive Growth Fund (cont'd) | Affiliate<br> Value at<br> January 31,<br> 2026 | Cost | Shares | Proceeds | Shares | Realized<br> Gain (Loss)<br> from Sale<br> of Affiliated<br> Underlying<br> Funds | Income<br> Distributions<br> from<br> Affiliated<br> Underlying<br> Funds | Net Increase<br> (Decrease) in<br> Unrealized<br> Appreciation<br> (Depreciation) | Affiliate<br> Value at<br> April 30,<br> 2026 |
| Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF | Franklin FTSE Japan ETF |
|  |  | $831026 | 20832 | $369221 | 10431 | $(47225)<br>|  | $(18510)<br>| $396070 |
| Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETF |
|  | $2157478 |  |  |  |  |  |  | 7436 | 2164914 |
| ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares | ClearBridge International Growth Fund, Class IS Shares |
|  | 724105 |  |  | 453751 | 5870 | 150866 |  | (146203)<br>| 275017 |
| Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares | Franklin International Equity Fund, Class IS Shares |
|  | 2053787 | 326253 | 14962 |  |  |  |  | 23876 | 2403916 |
| Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares | Templeton Developing Markets Trust, Class A Shares |
|  | 2335536 | 829621 | 28037 | 471069 | 15447 | 13976 |  | 208613 | 2916677 |
| Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares | Templeton Foreign Fund, Class R6 Shares |
|  | 732076 |  |  | 456696 | 45642 | 95666 |  | (92243)<br>| 278803 |
|  | **$104470464** | **$6240701** |  | **$10409706** |  | **$389258** | **$775673** | **$200254** | **$100890971** |

---

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Franklin Multi-Asset Allocation Funds 2026 Quarterly Report

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## 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 Investment Trust

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

- **c. CIK number of Registrant:** 0000880366

- **d. LEI of Registrant:** 5493006N9MF7V29DK342

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

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

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

- **a. Name of Series:** Franklin Multi-Asset Moderate Growth Fund

- **b. EDGAR series identifier (if any):** S000016654

- **c. LEI of Series:** 549300L4D4WSB5RB2359

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $549047369.86

**Total Liabilities:** $492037.40

**Net Assets:** $548555332.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000046528 | 0.23%                | -4.86%               | 7.49%                |
| Class ID C000046530 | 0.22%                | -4.98%               | 7.47%                |
| Class ID C000046531 | 0.29%                | -4.87%               | 7.53%                |
| Class ID C000058256 | 0.23%                | -4.88%               | 7.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5801400.90              | $-4500060.09                               |
| Month 2  | $-145639.90              | $-26873675.44                              |
| Month 3  | $-187441.48              | $38189843.42                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Franklin Templeton ETF Trust             | Franklin Small Cap Enhanced ETF                   | CUSIP: 35473P322<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    947476 | NS      | $26534065.38  | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Partners Investment Trust     | ClearBridge Large Cap Growth Fund                 | CUSIP: 52469H255<br>LEI: 5493006N9MF7V29DK342 | Long             | EC               | RF                | US        |    639164 | NS      | $47547385.04  | 8.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Partners Investment Trust     | ClearBridge Appreciation Fund                     | CUSIP: 52468E709<br>LEI: 5493006N9MF7V29DK342 | Long             | EC               | RF                | US        |    596146 | NS      | $21550662.83  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Partners Investment Trust     | Franklin U.S. Large Cap Equity Fund               | CUSIP: 52469H289<br>LEI: 549300A1FH0C72JOX391 | Long             | EC               | RF                | US        |   4303123 | NS      | $123972981.50 | 22.60%            |  |  |  | No            |                  1 | On Loan: No      |
| SHORT-TERM INVESTMENTS TRUST             | SHORT-TERM INVESTMENTS TRUST INVSCO GOVT INST     | CUSIP: 825252885<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |  11465799 | NS      | $11465799.32  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Global Asset Management Trust | ClearBridge International Growth Fund             | CUSIP: 52471E258<br>LEI: 549300BI5I8NVF50DG69 | Long             | EC               | RF                | US        |     40143 | NS      | $3064119.46   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PUTNAM INVESTMENT FUNDS                  | PUTNAM INVESTMENT FUNDS PTNM GW OPT R6            | CUSIP: 74680A208<br>LEI: 549300SRAF55EHI5J317 | Long             | EC               | RF                | US        |    817605 | NS      | $69046730.34  | 12.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Lending Fund                | Franklin BSP Lending Fund                         | CUSIP: 35243L502<br>LEI: 2549003XEMRVS2F8EV89 | Long             | EC               | RF                | US        |   1320095 | NS      | $13372560.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust             | BrandywineGLOBAL-Dynamic US Large Cap Value ETF   | CUSIP: 35473P462<br>LEI: 254900HJUU3BO06KS871 | Long             | EC               | RF                | US        |    157168 | NS      | $2402360.03   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TEMPLETON DEVELOPING MARKETS TRUST       | TEMPLETON DEVELOPING MARKETS TRUST SH BEN INTL R6 | CUSIP: 88018W609<br>LEI: 549300ZJC3KUG08IH343 | Long             | EC               | RF                | US        |   1061047 | NS      | $33667031.11  | 6.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust             | Franklin U.S. Core Bond ETF                       | CUSIP: 35473P553<br>LEI: 549300IKA3VXH7FL6377 | Long             | EC               | RF                | US        |   2713379 | NS      | $58201979.55  | 10.61%            |  |  |  | No            |                  1 | On Loan: No      |
| TEMPLETON FUNDS                          | TEMPLETON FUNDS FOREIGN FD R6                     | CUSIP: 880196878<br>LEI: 549300821JJXJNIYNR98 | Long             | EC               | RF                | US        |    315030 | NS      | $3103048.17   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust             | Franklin FTSE Japan ETF                           | CUSIP: 35473P744<br>LEI: 549300V7MZYC1Z30JS82 | Long             | EC               | RF                | US        |    108034 | NS      | $4113934.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust             | Franklin Systematic Style Premia ETF              | CUSIP: 35473P546<br>LEI: 549300FEMFRM3FWBHG39 | Long             | EC               | RF                | US        |    403910 | NS      | $10947213.12  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Global Asset Management Trust | BrandywineGLOBAL - Flexible Bond Fund             | CUSIP: 52471E431<br>LEI: 549300LKGPDL1FZO8D31 | Long             | EC               | RF                | US        |   2163980 | NS      | $20363048.05  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Global Asset Management Trust | Franklin International Equity Fund                | CUSIP: 524686243<br>LEI: 549300BI5I8NVF50DG69 | Long             | EC               | RF                | US        |   1104072 | NS      | $24455197.35  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust             | Franklin High Yield Corporate ETF                 | CUSIP: 35473P629<br>LEI: 5493002F67QK4VNO5Q54 | Long             | EC               | RF                | US        |    342679 | NS      | $8361367.60   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PUTNAM LARGE CAP VALUE FUND              | PUTNAM LARGE CAP VALUE FUND CL R6                 | CUSIP: 746745801<br>LEI: CZH3VR3I6CWL6QA8GG38 | Long             | EC               | RF                | US        |   1596139 | NS      | $66798423.18  | 12.18%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-24

**Name of Applicant:** Legg Mason Partners Investment Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer