# EDGAR Filing Document

**Accession Number:** 0001645194
**File Stem:** 0001752724-25-137709
**Filing Date:** 2025-6
**Character Count:** 191755
**Document Hash:** 731910bb67a324f4eaf1058895174b88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137709.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137709

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**EFFECTIVENESS DATE**: 20250613

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason ETF Investment Trust
- **CENTRAL INDEX KEY:** 0001645194

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23096
- **FILM NUMBER:** 251044935

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legg Mason ETF InvestmentTrust
- **DATE OF NAME CHANGE:** 20170221

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legg Mason ETF Equity Trust
- **DATE OF NAME CHANGE:** 20150615

## Series and Classes Contracts Data

### Franklin U.S. Low Volatility High Dividend Index ETF (Series ID: S000051686)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000162625 | Franklin U.S. Low Volatility High Dividend Index ETF | LVHD            |

### Franklin International Low Volatility High Dividend Index ETF (Series ID: S000054583)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000171451 | Franklin International Low Volatility High Dividend Index ETF | LVHI            |

### ClearBridge Large Cap Growth ESG ETF (Series ID: S000057700)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000186075 | ClearBridge Large Cap Growth ESG ETF | LRGE            |

### Franklin ClearBridge Enhanced Income ETF (Series ID: S000057702)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000186077 | Franklin ClearBridge Enhanced Income ETF | YLDE            |

### Royce Quant Small-Cap Quality Value ETF (Series ID: S000058077)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000190092 | Royce Quant Small-Cap Quality Value ETF | SQLV            |

### Western Asset Total Return ETF (Series ID: S000059365)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000194756 | Western Asset Total Return ETF | WBND            |

### WESTERN ASSET SHORT DURATION INCOME ETF (Series ID: S000064209)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000207671 | WESTERN ASSET SHORT DURATION INCOME ETF | WINC            |

## Internal

Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason ETF Investment Trust and Shareholders of Royce Quant Small-Cap Quality Value ETF, Western Asset Short Duration Income ETF, Western Asset Total Return ETF, Franklin ClearBridge Enhanced Income ETF, ClearBridge Large Cap Growth ESG ETF, Franklin International Low Volatility High Dividend Index ETF and Franklin U.S. Low Volatility High Dividend Index ETF.<br>In planning and performing our audits of the financial statements of Royce Quant Small-Cap Quality Value ETF, Western Asset Short Duration Income ETF, Western Asset Total Return ETF, Franklin ClearBridge Enhanced Income ETF, ClearBridge Large Cap Growth ESG ETF, Franklin International Low Volatility High Dividend Index ETF and Franklin U.S. Low Volatility High Dividend Index ETF (the "Funds") as of and for the year ended March 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.<br>The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.<br>Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.<br>A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.<br>Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason ETF Investment Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.<br>/s/PricewaterhouseCoopers LLP<br> May 21, 2025<br>

PricewaterhouseCoopers LLP, PricewaterhouseCoopers<br> www.pwc.comCenter, 405 Howard Street, Suite 600, San Francisco, CA 94105 +1 (415) 498 5000

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001645194

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

**Series ID Record:1**
- **Series ID:** S000064209

**Series ID Record:2**
- **Series ID:** S000058077

**Series ID Record:3**
- **Series ID:** S000051686

**Series ID Record:4**
- **Series ID:** S000057700

**Series ID Record:5**
- **Series ID:** S000054583

**Series ID Record:6**
- **Series ID:** S000057702

**Series ID Record:7**
- **Series ID:** S000059365

**Class ID Record:1**
- **Class ID:** C000207671

**Class ID Record:2**
- **Class ID:** C000190092

**Class ID Record:3**
- **Class ID:** C000162625

**Class ID Record:4**
- **Class ID:** C000186075

**Class ID Record:5**
- **Class ID:** C000171451

**Class ID Record:6**
- **Class ID:** C000186077

**Class ID Record:7**
- **Class ID:** C000194756

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

**Item A.1.a - Report for period ending:** 2025-03-31

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

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

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

- **Item B.1.b - Investment Company Act file number:** 811-23096

- **Item B.1.c - CIK:** 0001645194

- **Item B.1.d - LEI:** 549300D7ZZ1A7JJ9G964

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

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

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

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

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

- **Item B.2.f - Telephone:** 1-877-721-1926

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

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

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Legg Mason ETF Investment Trust

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

- **Street 2:** 47th Floor

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10018

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

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

**Location books Record: 2**

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

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

- **Street 2:** 48th Floor

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10018

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

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

**Location books Record: 3**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 4**

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

- **b. Street 1:** 10 Exchange Square

- **Street 2:** Primrose Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC2A 2EN

- **g. Telephone number:** 44-20-7422-3000

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

**Location books Record: 5**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 6**

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

- **b. Street 1:** 1 George Street #23-01

- **c. City:** Singapore

- **f. Zip code and zip code extension, or foreign postal code:** 049145

- **g. Telephone number:** 65-6428-3600

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

**Location books Record: 7**

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

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

- **c. City:** Pasadena

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

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

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

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

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

**Location books Record: 8**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-650-312-6297

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

**Location books Record: 9**

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

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

- **c. City:** Baltimore

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

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

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

- **g. Telephone number:** 1-800-632-2301

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

**Location books Record: 10**

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

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

- **Street 2:** 1-Chome Chiyoda-Ku

- **c. City:** Tokyo

- **f. Zip code and zip code extension, or foreign postal code:** 100-6536

- **g. Telephone number:** 81-03-4520-4300

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

**Location books Record: 11**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 12**

- **a. Name of person (e.g., a custodian of records):** Royce Investment Partners

- **b. Street 1:** 745 Fifth Avenue

- **Street 2:** 24th Floor

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10151

- **g. Telephone number:** 1-800-221-4268

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 7

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

### Item B.8 - Directors

| Name                 | Is Interested Person?   | Other Investment Company File Numbers      |
|:---|:---|:---|
| Anantha K. Pradeep   | No                      | 811-23124, 811-22801, 811-23487, 811-23471 |
| Patrick O'Connor     | Yes                     | 811-23487                                  |
| Deborah D. McWhinney | No                      | 811-23124, 811-23487, 811-23471, 811-22801 |
| Rohit Bhagat         | No                      | 811-22801, 811-23124, 811-23471, 811-23487 |
| Alison J. Baumann    | No                      | 811-23487                                  |

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

**Chief compliance officer Record: 1**

- **a. Full Name:** Fred Jensen

- **b. CRD Number, if any:** 003203649

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

- **   Street Address 2:** 8th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10017

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

| Series Name                                                   | Series ID   |
|:---|:---|
| Western Asset Short Duration Income ETF                       | S000064209  |
| Royce Quant Small-Cap Quality Value ETF                       | S000058077  |
| Franklin U.S. Low Volatility High Dividend Index ETF          | S000051686  |
| ClearBridge Large Cap Growth ESG ETF                          | S000057700  |
| Franklin International Low Volatility High Dividend Index ETF | S000054583  |
| Franklin ClearBridge Enhanced Income ETF                      | S000057702  |
| Western Asset Total Return ETF                                | S000059365  |

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Western Asset Short Duration Income ETF

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

- **a. Full Name of the Fund:** Western Asset Short Duration Income ETF

- **b. Series identification number, if any:** S000064209

- **c. LEI:** 5493003DQQTPY0OF6U21

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

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

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

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

|   Shares Outstanding Record | i. Full name of Class                   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Western Asset Short Duration Income ETF | C000207671                                | WINC                         |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Western Asset Management Company Pte. Ltd.

- **ii. SEC file number:** 801-67298

- **iii. CRD number:** 000142188

- **iv. LEI, if any:** 549300GGQQAH8OMMCX51

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

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

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

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

**Sub-adviser Record: 3**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 4**

- **i. Full name:** Western Asset Management Company Ltd

- **ii. SEC file number:** 801-68224

- **iii. CRD number:** 000143388

- **iv. LEI, if any:** 549300ILBTC2ZDZBT448

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

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

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

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

**Transfer Agents Record: 1**

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

- **ii. SEC file number:** 085-05006

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $31.14

**Brokers Record: 2**

- **i. Full name of broker:** R.J. O'BRIEN SECURITIES, LLC

- **ii. SEC file number:** 008-67587

- **iii. CRD number:** 000143624

- **iv. LEI, if any:** 549300Y3W4512F4J2D08

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $38.06

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000002347

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $76.12

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $27.68

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $12.11

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32.87

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32.87

**Brokers Record: 8**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $64.01

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $89.96

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $96.88

**Aggregate Commission:** $525.92

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

| Name                                            | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| DEUTSCHE BANK SECURITIES, INC.                  | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $1,162,702.50             |
| J.P. Morgan Securities LLC                      | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,187,999.37             |
| BOFA SECURITIES, INC.                           | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $907,752.55               |
| MARKETAXESS CORPORATION                         | 008-50727         |    000044542 | GPSMMRI21JE7ZCVYF972 | NY      | US        | $1,069,365.30             |
| CitiGroup Global Markets Inc.                   | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $398,471.20               |
| NATIONAL FINANCIAL SERVICES LLC                 | 008-26740         |    000013041 | 549300JRHF1MHHWUAW04 | MA      | US        | $803,150.00               |
| MORGAN STANLEY & CO. LLC                        | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $1,076,798.84             |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | 008-66397         |    000130847 | 5493003GCX71N8988W38 | NY      | US        | $543,118.90               |
| GOLDMAN SACHS & CO. LLC                         | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $868,385.78               |
| BNP PARIBAS SECURITIES CORP.                    | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $430,438.60               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $22,076,277.27

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

- **Item C.19.a - Fund's monthly average net assets:** $11,839,978.96

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

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 3 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 4 Name of institution:** BANK OF AMERICA, N.A.

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

  - **Line Institutions Record: 6 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 9 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 10 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 15 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 16 Name of institution:** MORGAN STANLEY BANK, N.A.

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

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

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

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

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

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

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

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

### Management Investment Record: 2 - Royce Quant Small-Cap Quality Value ETF

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

- **a. Full Name of the Fund:** Royce Quant Small-Cap Quality Value ETF

- **b. Series identification number, if any:** S000058077

- **c. LEI:** 549300PDRO71NW9IHD33

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

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

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

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

|   Shares Outstanding Record | i. Full name of Class                   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Royce Quant Small-Cap Quality Value ETF | C000190092                                | SQLV                         |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Royce Investment Partners

- **ii. SEC file number:** 801-08268

- **iii. CRD number:** 000107689

- **iv. LEI, if any:** 254900TRO66DNJJNUA45

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

- **ii. SEC file number:** 085-05006

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000031194

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,712.15

**Aggregate Commission:** $22,712.15

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

| Name                   | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITADEL SECURITIES LLC | 008-53574         |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $2,274,429.23             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,274,429.23

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

- **Item C.19.a - Fund's monthly average net assets:** $28,086,049.17

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

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

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

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

### Management Investment Record: 3 - Franklin U.S. Low Volatility High Dividend Index ETF

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

- **a. Full Name of the Fund:** Franklin U.S. Low Volatility High Dividend Index ETF

- **b. Series identification number, if any:** S000051686

- **c. LEI:** 549300PKK8HNPP2M1496

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

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

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

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

|   Shares Outstanding Record | i. Full name of Class                                | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Franklin U.S. Low Volatility High Dividend Index ETF | C000162625                                | LVHD                         |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

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

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

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

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

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000104517

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

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

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

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

**Transfer Agents Record: 1**

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

- **ii. SEC file number:** 085-05006

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,470.34

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,871.03

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,917.01

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000007616

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,276.91

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $394.55

**Aggregate Commission:** $57,929.84

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

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITADEL SECURITIES LLC     | 008-53574         |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $51,331,463.30            |
| RBC CAPITAL MARKETS, LLC   | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $9,245,127.69             |
| VIRTU AMERICAS LLC         | 008-68193         |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $29,123,446.96            |
| GOLDMAN SACHS & CO. LLC    | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $55,292,701.61            |
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $3,946,977.46             |
| BOFA SECURITIES, INC.      | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $58,304,437.74            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $207,244,154.76

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

- **Item C.19.a - Fund's monthly average net assets:** $575,319,724.90

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

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

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

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

### Management Investment Record: 4 - ClearBridge Large Cap Growth ESG ETF

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

- **a. Full Name of the Fund:** ClearBridge Large Cap Growth ESG ETF

- **b. Series identification number, if any:** S000057700

- **c. LEI:** 549300205FCQAQR6CH35

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

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

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

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

|   Shares Outstanding Record | i. Full name of Class                | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | ClearBridge Large Cap Growth ESG ETF | C000186075                                | LRGE                         |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

- **ii. SEC file number:** 085-05006

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

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

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

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

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

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

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

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $279.00

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,539.50

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000103987

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $17.60

**Brokers Record: 4**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3.08

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $284.00

**Brokers Record: 6**

- **i. Full name of broker:** BMO CAPITAL MARKETS CORP.

- **ii. SEC file number:** 008-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $117.00

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,239.16

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $67.50

**Brokers Record: 9**

- **i. Full name of broker:** CitiGroup Global Markets Inc.

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $388.00

**Brokers Record: 10**

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

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $32.00

**Aggregate Commission:** $11,966.84

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

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITADEL SECURITIES LLC   | 008-53574         |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $10,908,580.13            |
| BOFA SECURITIES, INC.    | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $4,497,781.17             |
| VIRTU AMERICAS LLC       | 008-68193         |    000149823 | 549300RA02N3BNSWBV74 | NY      | US        | $11,225,953.31            |
| RBC CAPITAL MARKETS, LLC | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $2,447,528.08             |
| GOLDMAN SACHS & CO. LLC  | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $5,474,478.59             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $34,554,321.28

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

- **Item C.19.a - Fund's monthly average net assets:** $350,295,576.88

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

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

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

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

### Management Investment Record: 5 - Franklin International Low Volatility High Dividend Index ETF

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

- **a. Full Name of the Fund:** Franklin International Low Volatility High Dividend Index ETF

- **b. Series identification number, if any:** S000054583

- **c. LEI:** 549300U5VMZRL3H15M55

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

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

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

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

|   Shares Outstanding Record | i. Full name of Class                                         | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Franklin International Low Volatility High Dividend Index ETF | C000171451                                | LVHI                         |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

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

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

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

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. SEC file number:** 085-05006

- **iii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iv. State, if applicable:** NY

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 008-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36.46

**Brokers Record: 2**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,414.59

**Brokers Record: 3**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $243,987.14

**Brokers Record: 4**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,574.80

**Brokers Record: 5**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,155.73

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,776.42

**Brokers Record: 7**

- **i. Full name of broker:** Societe Generale

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** O2RNE8IBXP4R0TD8PU41

- **vii. Gross commissions paid by the Fund for the reporting period:** $292.88

**Brokers Record: 8**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15.79

**Aggregate Commission:** $298,253.81

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.         | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $256,432,568.00           |
| GOLDMAN SACHS & CO. LLC       | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $101,200,094.40           |
| CitiGroup Global Markets Inc. | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $12.01                    |
| J.P. Morgan Securities LLC    | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,000,667,525.04         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,358,300,199.45

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,351,159,827.45

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 6 - Franklin ClearBridge Enhanced Income ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Franklin ClearBridge Enhanced Income ETF

- **b. Series identification number, if any:** S000057702

- **c. LEI:** 549300FFM974NCJ6QY68

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                    | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Franklin ClearBridge Enhanced Income ETF | C000186077                                | YLDE                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** FRANKLIN MANAGED OPTIONS STRATEGIES, LLC

- **ii. SEC file number:** 801-127676

- **iii. CRD number:** 000325732

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

**Sub-adviser Record: 2**

- **i. Full name:** ClearBridge Investments, LLC

- **ii. SEC file number:** 801-64710

- **iii. CRD number:** 000137028

- **iv. LEI, if any:** 549300L5KZQRDVVXSK45

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 3**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. SEC file number:** 085-05006

- **iii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iv. State, if applicable:** NY

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,694.22

**Brokers Record: 2**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,154.45

**Brokers Record: 3**

- **i. Full name of broker:** JEFFERIES LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,275.80

**Brokers Record: 4**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $405.14

**Brokers Record: 5**

- **i. Full name of broker:** SUSQUEHANNA FINANCIAL GROUP, LLLP

- **ii. SEC file number:** 008-44325

- **iii. CRD number:** 000035865

- **iv. LEI, if any:** 549300E8QX0ZMRDC2M81

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,653.72

**Brokers Record: 6**

- **i. Full name of broker:** NOMURA SECURITIES INTERNATIONAL, INC.

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,521.28

**Brokers Record: 7**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $736.56

**Brokers Record: 8**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $445.01

**Brokers Record: 9**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,095.32

**Brokers Record: 10**

- **i. Full name of broker:** CAPITAL INSTITUTIONAL SERVICES, INC

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,111.34

**Aggregate Commission:** $16,821.53

**Item C.17.a. Principal transaction counterparties.**

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITADEL SECURITIES LLC   | 008-53574         |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $2,479,417.77             |
| RBC CAPITAL MARKETS, LLC | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $10,160,749.36            |
| BOFA SECURITIES, INC.    | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $52,433,989.51            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $65,074,156.64

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $53,017,366.63

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 7 - Western Asset Total Return ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Western Asset Total Return ETF

- **b. Series identification number, if any:** S000059365

- **c. LEI:** 549300IW55ZZ0YDJ0R05

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class          | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Western Asset Total Return ETF | C000194756                                | WBND                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(e) (17 CFR 270.18f-4(e))

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **ii. SEC file number:** 801-66785

- **iii. CRD number:** 000140432

- **iv. LEI, if any:** 549300POFVK5JLWUL193

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Western Asset Management Company Pte. Ltd.

- **ii. SEC file number:** 801-67298

- **iii. CRD number:** 000142188

- **iv. LEI, if any:** 549300GGQQAH8OMMCX51

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** SG

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company Ltd

- **ii. SEC file number:** 801-68224

- **iii. CRD number:** 000143388

- **iv. LEI, if any:** 549300ILBTC2ZDZBT448

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** JP

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 3**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 4**

- **i. Full name:** Western Asset Management Company Limited

- **ii. SEC file number:** 801-21068

- **iii. CRD number:** 000110427

- **iv. LEI, if any:** 549300IVCLHPHPOYT226

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. SEC file number:** 085-05006

- **iii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iv. State, if applicable:** NY

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bank of America Merill Lynch PriceServe

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **ii. LEI, if any, or other identifying number:** 549300POFVK5JLWUL193

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Franklin Distributors, LLC

- **b. SEC file number:** 008-53089

- **c. CRD number:** 000109064

- **d. LEI, if any:** N/A

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** ROYCE FUND SERVICES, LLC

- **b. SEC file number:** 008-28663

- **c. CRD number:** 000014470

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Clarion Partners Securities, LLC

- **b. SEC file number:** 008-69204

- **c. CRD number:** 000166384

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $438.73

**Brokers Record: 2**

- **i. Full name of broker:** MORGAN STANLEY & CO. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,307.62

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $318.32

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $322.27

**Brokers Record: 5**

- **i. Full name of broker:** JEFFERIES LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $351.19

**Brokers Record: 6**

- **i. Full name of broker:** ADVANTAGE FUTURES LLC

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300MWQ34KL1TJZ707

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,948.15

**Brokers Record: 7**

- **i. Full name of broker:** CitiGroup Global Markets Inc.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $826.89

**Brokers Record: 8**

- **i. Full name of broker:** BNY MELLON CAPITAL MARKETS, LLC

- **ii. SEC file number:** 008-35255

- **iii. CRD number:** 000017454

- **iv. LEI, if any:** VJW2DOOHGDT6PR0ZRO63

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,005.41

**Brokers Record: 9**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $698.67

**Brokers Record: 10**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $759.33

**Aggregate Commission:** $21,785.22

**Item C.17.a. Principal transaction counterparties.**

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC          | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $23,250,573.71            |
| Santander US Capital Markets LLC | 008-68282         |    000150696 | 549300LGG2RLWD21SU97 | NY      | US        | $1,290,813.86             |
| CitiGroup Global Markets Inc.    | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $8,254,707.80             |
| BOFA SECURITIES, INC.            | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $9,446,355.26             |
| BMO CAPITAL MARKETS CORP.        | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $2,016,070.00             |
| J.P. Morgan Securities LLC       | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $21,570,579.48            |
| BNP PARIBAS SECURITIES CORP.     | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $3,548,698.18             |
| MORGAN STANLEY & CO. LLC         | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $27,338,140.39            |
| WELLS FARGO SECURITIES, LLC      | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $2,746,374.36             |
| UBS SECURITIES LLC               | 008-22651         |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $3,536,459.18             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $109,460,132.97

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $28,293,303.20

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,995,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 3 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 4 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 5 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 6 Name of institution:** HSBC BANK USA, N.A

  - **Line Institutions Record: 7 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 11 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 17 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 18 Name of institution:** BANK OF AMERICA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                           | SEC File number   |
|:---|:---|
| Templeton Global Total Return Fund                                     | 811-04706         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| International Equity Series                                            | 811-06135         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Templeton International Bond Fund                                      | 811-04706         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Total Return Fund                                             | 811-04986         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| George Putnam Balanced Fund                                            | 811-00058         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Income Fund                                                   | 811-00537         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam Research Fund                                                   | 811-07237         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin High Income Fund                                              | 811-01608         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

## Part E: Additional Questions for ETFs and ETMFs

### Western Asset Short Duration Income ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** WINC

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| UBS Securities LLC              | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| Virtu Americas LLC              | $0.00            | $0.00          |
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |
| J.P. Morgan Securities LLC      | $0.00            | $1,214,894.71  |
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| Mizuho Securities USA Inc       | $0.00            | $0.00          |
| BOFA SECURITIES, INC            | $2,392,038.13    | $0.00          |
| Citadel Securities LLC          | $0.00            | $0.00          |
| RBC Capital Markets, LLC        | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC         | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $100.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Royce Quant Small-Cap Quality Value ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** SQLV

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| J.P. Morgan Securities LLC      | $0.00            | $0.00          |
| Mizuho Securities USA Inc       | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC         | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| Virtu Americas LLC              | $0.00            | $0.00          |
| Citadel Securities LLC          | $0.00            | $2,288,116.66  |
| BofA Securities, Inc.           | $0.00            | $0.00          |
| RBC Capital Markets, LLC        | $0.00            | $0.00          |
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| UBS Securities LLC              | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.60%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Franklin U.S. Low Volatility High Dividend Index ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** LVHD

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| UBS Securities LLC              | $0.00            | $0.00          |
| Virtu Americas LLC              | $1,974,545.23    | $27,172,273.37 |
| Goldman Sachs & Co. LLC         | $14,132,060.44   | $41,164,993.35 |
| RBC Capital Markets, LLC        | $0.00            | $9,246,153.70  |
| Citadel Securities LLC          | $2,013,282.33    | $49,328,518.85 |
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| BOFA SECURITIES, INC            | $1,813,375.91    | $56,508,194.92 |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC      | $0.00            | $3,946,748.51  |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| Mizuho Securities USA Inc       | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** -0.01%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.03%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $350.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### ClearBridge Large Cap Growth ESG ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** LRGE

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Goldman Sachs & Co. LLC         | $7,228,249.58    | $0.00          |
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |
| BOFA SECURITIES, INC            | $0.00            | $7,295,390.59  |
| J.P. Morgan Securities LLC      | $0.00            | $0.00          |
| RBC Capital Markets, LLC        | $0.00            | $3,581,354.29  |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| UBS Securities LLC              | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| Virtu Americas LLC              | $18,090,894.26   | $0.00          |
| Mizuho Securities USA LLC       | $0.00            | $0.00          |
| Citadel Securities LLC          | $10,737,771.62   | $3,481,259.23  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 29.75%

- **c.i. Average percentage of value composed of cash (redeemed):** 35.76%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $250.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Franklin International Low Volatility High Dividend Index ETF

**Item E.1 - Exchange**

- **Exchange:** CBSX

- **Ticker:** LVHI

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value    | Redeem Value   |
|:---|:---|:---|
| J.P. Morgan Securities LLC      | $1,040,816,031.79 | $10,905,604.95 |
| BNY Mellon Capital Markets, LLC | $0.00             | $0.00          |
| Citadel Securities LLC          | $0.00             | $0.00          |
| Morgan Stanley & Co. LLC        | $0.00             | $0.00          |
| HSBC Securities (USA) Inc.      | $0.00             | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00             | $0.00          |
| Wells Fargo Securities, LLC     | $0.00             | $0.00          |
| Goldman Sachs & Co. LLC         | $146,457,043.45   | $88,890,195.79 |
| BOFA SECURITIES, INC            | $278,017,513.35   | $0.00          |
| RBC Capital Markets, LLC        | $0.00             | $0.00          |
| Mizuho Securities USA LLC       | $0.00             | $0.00          |
| Virtu Americas LLC              | $5,784,371.26     | $0.00          |
| UBS Securities LLC              | $0.00             | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 60,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 14.58%

- **c.i. Average percentage of value composed of cash (redeemed):** -1.95%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $1,000.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Franklin ClearBridge Enhanced Income ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** YLDE

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| BOFA SECURITIES, INC            | $55,344,976.92   | $0.00          |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC      | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC         | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| Mizuho Securities USA LLC       | $0.00            | $0.00          |
| RBC Capital Markets, LLC        | $5,170,404.66    | $5,242,284.95  |
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |
| Virtu Americas LLC              | $0.00            | $0.00          |
| UBS Securities LLC              | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| Citadel Securities LLC          | $0.00            | $2,537,850.56  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 5.08%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.89%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $250.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Western Asset Total Return ETF

**Item E.1 - Exchange**

- **Exchange:** XNMS

- **Ticker:** WBND

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| HSBC Securities (USA) Inc.      | $0.00            | $0.00          |
| J.P. Morgan Securities LLC      | $1,010,205.70    | $10,381,283.20 |
| UBS Securities LLC              | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.         | $0.00            | $0.00          |
| Citadel Securities LLC          | $0.00            | $0.00          |
| BOFA SECURITIES, INC            | $1,011,452.66    | $7,024,482.91  |
| Morgan Stanley & Co. LLC        | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC         | $0.00            | $1,047,309.16  |
| BNY Mellon Capital Markets, LLC | $0.00            | $0.00          |
| Mizuho Securities USA LLC       | $0.00            | $0.00          |
| Virtu Americas LLC              | $0.00            | $4,189,236.65  |
| RBC Capital Markets, LLC        | $0.00            | $3,022,769.52  |
| Wells Fargo Securities, LLC     | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $100.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason ETF Investment Trust

**Date:** 2025-06-12

**Signature:** Vivek Pai

**Title:** VP-Fund Admin & Oversight