# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-25-203553
**Filing Date:** 2025-8
**Character Count:** 14731
**Document Hash:** 492d4f9d5a5ab4e56a9a453f2dd4af5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203553.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203553

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 251253247

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

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

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

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

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

## Series and Classes Contracts Data

### Franklin Templeton Moderately Conservative Model Portfolio (Series ID: S000068275)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218582 | Class I      | QLMAGX          |
| C000218583 | Class II     | QLMAHX          |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

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

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

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

- **b. EDGAR series identifier (if any):** S000068275

- **c. LEI of Series:** 549300PJG3C9WJK3OL06

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $465236161.26

**Total Liabilities:** $190503.03

**Net Assets:** $465045658.23

**Cash Not Reported:** $1318859.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218582 | 0.17%                | 2.09%                | 2.90%                |
| Class ID C000218583 | 0.09%                | 2.09%                | 2.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-967799.91              | $848317.12                                 |
| Month 2  | $2820660.63              | $5850482.51                                |
| Month 3  | $-144124.41              | $10910099.47                               |

### Schedule of Portfolio Investments

| Name                                                                      | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Voya Growth and Income Portfolio                                          | Voya Growth and Income Portfolio                                          | CUSIP: 92913H105<br>LEI: EGZJ3ZLULHRUEQW4E910 | Long             | EC               | RF                | US        |    877736 | NS      | $19073203.61  | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity US Bond Index Fund                                               | Fidelity US Bond Index Fund                                               | CUSIP: 316146356<br>LEI: 5VUJ0DJSDOFYE2WQN531 | Long             | EC               | RF                | US        |   3967224 | NS      | $41417817.78  | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP MacKay Common Stock Initl                                     | MainStay VP MacKay Common Stock Initl                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    205755 | NS      | $7035821.90   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| AB VPS Relative Value Portfolio Class A                                   | AB VPS Relative Value Portfolio Class A                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141180 | NS      | $4673054.86   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco VI Main Street Small Cap Fund                                     | Invesco VI Main Street Small Cap Fund                                     | CUSIP: 00900X793<br>LEI: 549300ZLHE7V68FQT714 | Long             | EC               | CORP              | US        |    393384 | NS      | $11624496.49  | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio                   | BlackRock Liquidity Funds Treasury Trust Fund Portfolio                   | CUSIP: 09248U551<br>LEI: 549300U5PI8CHFJM7202 | Long             | STIV             | RF                | US        |   4022796 | NS      | $4022795.87   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS The Bond Fd of Amer1A                                   | American Funds IS The Bond Fd of Amer1A                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2786278 | NS      | $26469641.69  | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS US Government Secs 1A                                   | American Funds IS US Government Secs 1A                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5079262 | NS      | $50335485.54  | 10.82%            |  |  |  | No            |                  2 | On Loan: No      |
| NYLI VP MFS Research - Initial Class                                      | NYLI VP MFS Research - Initial Class                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    464165 | NS      | $4722461.72   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO International Bond Portfolio U.S. Dollar-Hedged                     | PIMCO International Bond Portfolio U.S. Dollar-Hedged                     | CUSIP: 693394694<br>LEI: 549300P9300R3FCSTO42 | Long             | EC               | RF                | US        |   1818330 | NS      | $18219668.38  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Variable Insurance Products - VIP Growth Opportunities Portfolio | Fidelity Variable Insurance Products - VIP Growth Opportunities Portfolio | CUSIP: 315802207<br>LEI: H39OKPBXOUBYCSFNP849 | Long             | EC               | RF                | US        |    151272 | NS      | $13528233.77  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity International Index Fund                                         | Fidelity International Index Fund                                         | CUSIP: 315911727<br>LEI: N/A                  | Long             | EC               | RF                | US        |    365392 | NS      | $20947927.49  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Bond Init                                                     | MainStay VP Bond Init                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1842408 | NS      | $22910526.13  | 4.93%             |  |  |  | No            |                  2 | On Loan: No      |
| American Funds IS Capital World Bond 1A                                   | American Funds IS Capital World Bond 1A                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1123047 | NS      | $11601077.84  | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO VIT Total Return Portfolio                                          | PIMCO VIT Total Return Portfolio                                          | CUSIP: 693394785<br>LEI: WXIJUDZ58N7QM7IEFC20 | Long             | EC               | RF                | US        |   2368137 | NS      | $21928946.26  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Epoch US Equity Yield Initl                                   | MainStay VP Epoch US Equity Yield Initl                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    243693 | NS      | $4678926.95   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP Large Cap Growth Init                                         | MainStay VP Large Cap Growth Init                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212691 | NS      | $7262964.35   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| American Funds IS Growth 1A                                               | American Funds IS Growth 1A                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    112966 | NS      | $14400864.25  | 3.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ClearBridge Variable Appreciation Portfolio                               | ClearBridge Variable Appreciation Portfolio                               | CUSIP: 52467W882<br>LEI: 549300JPS8VIXKYYNE50 | Long             | EC               | RF                | US        |    197998 | NS      | $13457927.73  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock High Yield VI Fund                                              | BlackRock High Yield VI Fund                                              | CUSIP: 09258X107<br>LEI: UT2CQXX2NAVCUUUA7P13 | Long             | EC               | RF                | US        |   3944320 | NS      | $27570796.88  | 5.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP PIMCO Real Return Init                                        | MainStay VP PIMCO Real Return Init                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1702826 | NS      | $13732268.91  | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity VIP Emerging Markets Portfolio                                   | Fidelity VIP Emerging Markets Portfolio                                   | CUSIP: 922177324<br>LEI: N/A                  | Long             | EC               | RF                | US        |    265868 | NS      | $3533384.32   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity 500 Index Fund                                                   | Fidelity 500 Index Fund                                                   | CUSIP: 315911750<br>LEI: VNHOOHES3TKXOTQ3FS51 | Long             | EC               | RF                | US        |    219859 | NS      | $47513664.31  | 10.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity VIP Equity Income Portfolio                                      | Fidelity VIP Equity Income Portfolio                                      | CUSIP: 922174305<br>LEI: N/A                  | Long             | EC               | RF                | US        |    407335 | NS      | $11645699.39  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity VIP Investment Grade Bd II Init                                  | Fidelity VIP Investment Grade Bd II Init                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3730335 | NS      | $35773914.34  | 7.69%             |  |  |  | No            |                  2 | On Loan: No      |
| NYLI VP MFS Investors Trust - Initial Class                               | NYLI VP MFS Investors Trust - Initial Class                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    525761 | NS      | $5406665.66   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer