# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0001752724-23-043239
**Filing Date:** 2023-2
**Character Count:** 56261
**Document Hash:** 270f770975665dceca01cad6601b8efc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043239.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043239

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000880366
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 23674287

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS EQUITY TRUST
- **DATE OF NAME CHANGE:** 20070412

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

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

## Series and Classes Contracts Data

### ClearBridge Small Cap Value Fund (Series ID: S000016238)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000044871 | Class A      | SBVAX           |
| C000044873 | Class C      | SBVLX           |
| C000044874 | Class I      | SMCYX           |
| C000127028 | Class IS     | LCBIX           |

## Nport-Ex

**CLEARBRIDGE SMALL CAP VALUE FUND** 

(Percentages shown based on Fund net assets)

---

| | |
|:---|:---|
| **Schedule of Investments (unaudited) (cont'd)** | **December 31, 2022** |

---

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY** | **SHARES** | **VALUE** |  |
| **COMMON STOCKS - 99.3%** |  |  |  |
| **COMMUNICATION SERVICES - 3.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Telecommunication Services - 0.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anterix Inc. | 30000 | $*965100* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media - 3.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gambling.com Group Ltd. | 207400 | 1897710 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Television Inc. | 125450 | 1403785 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Media* |  | *3301495* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMUNICATION SERVICES** |  | 4266595 |  |
| **CONSUMER DISCRETIONARY - 11.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Components - 1.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stoneridge Inc. | 67500 | *1455300* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Restaurants & Leisure - 2.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bloomin' Brands Inc. | 48900 | 983868 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Everi Holdings Inc. | 108300 | 1554105 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Hotels, Restaurants & Leisure* |  | *2537973* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Household Durables - 2.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Century Communities Inc. | 25920 | 1296259 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp. | 15000 | 1383000 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Household Durables* |  | *2679259* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure Products - 1.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Outdoor Inc. | 48080 | *1171710* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Multiline Retail - 0.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macy's Inc. | 42050 | *868332* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Specialty Retail - 3.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1 Automotive Inc. | 10100 | 1821737 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Murphy USA Inc. | 6340 | 1772284 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Specialty Retail* |  | *3594021* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CONSUMER DISCRETIONARY** |  | 12306595 |  |
| **CONSUMER STAPLES - 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products - 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utz Brands Inc. | 68400 | 1084824 |  |
| **ENERGY - 7.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy Equipment & Services - 1.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Helmerich & Payne Inc. | 33970 | *1683893* | |

---

**See Notes to Schedule of Investments.** 

ClearBridge Small Cap Value Fund 2022 Quarterly Report 1

------

**CLEARBRIDGE SMALL CAP VALUE FUND** 

(Percentages shown based on Fund net assets)

---

| | |
|:---|:---|
| **Schedule of Investments (unaudited) (cont'd)** | **December 31, 2022** |

---

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY** | **SHARES** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels - 5.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Resources Corp. | 72860 | $1226962 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Plains Inc. | 47500 | 1448750 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp., Class A Shares | 75500 | 1770475 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matador Resources Co. | 26740 | 1530598 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Oil, Gas & Consumable Fuels* |  | *5976785* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ENERGY** |  | 7660678 |  |
| **FINANCIALS - 29.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks - 19.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank OZK | 48930 | 1960136 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Bank | 92750 | 2287215 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Busey Corp. | 77600 | 1918272 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heartland Financial USA Inc. | 44200 | 2060604 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simmons First National Corp., Class A Shares | 84200 | 1817036 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Coast Bancshares Inc. | 67200 | 1238496 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TriCo Bancshares | 33960 | 1731620 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veritex Holdings Inc. | 63300 | 1777464 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Federal Inc. | 66010 | 2214635 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Webster Financial Corp. | 43700 | 2068758 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WesBanco Inc. | 55600 | 2056088 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Banks* |  | *21130324* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Finance - 3.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group Inc. | 25390 | 1217197 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oportun Financial Corp. | 201700 | 1111367 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROG Holdings Inc. | 82080 | 1386331 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Consumer Finance* |  | *3714895* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance - 2.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assured Guaranty Ltd. | 22110 | 1376569 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unum Group | 33970 | 1393789 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Insurance* |  | *2770358* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mortgage Real Estate Investment Trusts (REITs) - 2.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redwood Trust Inc. | 206400 | 1395264 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Trust Inc. | 65430 | 1199332 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Mortgage Real Estate Investment Trusts (REITs)* |  | *2594596* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Thrifts & Mortgage Finance - 1.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Essent Group Ltd. | 40200 | *1562976* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL FINANCIALS** |  | 31773149 |  |
| **HEALTH CARE - 4.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Biotechnology - 1.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amarin Corp. PLC, ADR | 531070 | 642595 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mirum Pharmaceuticals Inc. | 28900 | 563550 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Biotechnology* |  | *1206145* | |

---

**See Notes to Schedule of Investments.** 

2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearBridge Small Cap Value Fund 2022 Quarterly Report

------

**CLEARBRIDGE SMALL CAP VALUE FUND** 

(Percentages shown based on Fund net assets)

---

| | |
|:---|:---|
| **Schedule of Investments (unaudited) (cont'd)** | **December 31, 2022** |

---

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY** | **SHARES** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Equipment & Supplies - 1.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lantheus Holdings Inc. | 23500 | $*1197560* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Providers & Services - 0.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CareMax Inc. | 168674 | *615660* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Life Sciences Tools & Services - 1.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maravai LifeSciences Holdings Inc., Class A Shares | 51700 | 739827 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Syneos Health Inc. | 21490 | 788253 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Life Sciences Tools & Services* |  | *1528080* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 0.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cara Therapeutics Inc. | 43300 | *465042* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL HEALTH CARE** |  | 5012487 |  |
| **INDUSTRIALS - 13.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering - 1.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primoris Services Corp. | 83430 | *1830454* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electrical Equipment - 1.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EnerSys | 16550 | *1222052* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery - 4.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hillman Solutions Corp. | 200980 | 1449066 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terex Corp. | 32300 | 1379856 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wabash National Corp. | 67230 | 1519398 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Machinery* |  | *4348320* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Professional Services - 0.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korn Ferry | 18800 | *951656* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Road & Rail - 1.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marten Transport Ltd. | 83465 | *1650938* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Trading Companies & Distributors - 4.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custom Truck One Source Inc. | 69970 | 442210 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nesco Holdings Inc. | 129060 | 815659 | \*<sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rush Enterprises Inc., Class A Shares | 20905 | 1092914 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textainer Group Holdings Ltd. | 66100 | 2049761 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Trading Companies & Distributors* |  | *4400544* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INDUSTRIALS** |  | 14403964 |  |
| **INFORMATION TECHNOLOGY - 7.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components - 1.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Itron Inc. | 24700 | *1251055* | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euronet Worldwide Inc. | 17100 | *1613898* | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment - 2.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Photronics Inc. | 73600 | 1238688 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMART Global Holdings Inc. | 86080 | 1280870 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Semiconductors & Semiconductor Equipment* |  | *2519558* | |

---

**See Notes to Schedule of Investments.** 

ClearBridge Small Cap Value Fund 2022 Quarterly Report 3

------

**CLEARBRIDGE SMALL CAP VALUE FUND** 

(Percentages shown based on Fund net assets)

---

| | |
|:---|:---|
| **Schedule of Investments (unaudited) (cont'd)** | **December 31, 2022** |

---

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY** | **SHARES** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 2.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommVault Systems Inc. | 23810 | $1496221 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Corp. | 65910 | 1542953 | \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Software* |  | *3039174* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 8423685 |  |
| **MATERIALS - 4.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals - 1.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olin Corp. | 38550 | *2040837* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Materials - 1.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Materials Inc. | 11700 | *1554345* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co. | 21980 | *1061634* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MATERIALS** |  | 4656816 |  |
| **REAL ESTATE - 11.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity Real Estate Investment Trusts (REITs) - 11.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alexander & Baldwin Inc. | 90700 | 1698811 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Office Properties Trust | 75600 | 1961064 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kite Realty Group Trust | 103910 | 2187305 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LXP Industrial Trust | 162400 | 1627248 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Health Investors Inc. | 27610 | 1441794 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | 32800 | 1442872 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RLJ Lodging Trust | 167150 | 1770119 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Equity Real Estate Investment Trusts (REITs)* |  | *12129213* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Management & Development - 0.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Matters Inc. | 191300 | *590572* | *\** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE** |  | 12719785 |  |
| **UTILITIES - 5.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities - 1.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portland General Electric Co. | 30480 | *1493520* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Multi-Utilities - 3.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | 32030 | 2252990 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NorthWestern Corp. | 34100 | 2023494 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Multi-Utilities* |  | *4276484* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL UTILITIES** |  | 5770004 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost - $104,958,019) |  | 108078582 |  |

---

**See Notes to Schedule of Investments.** 

4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearBridge Small Cap Value Fund 2022 Quarterly Report

------

**CLEARBRIDGE SMALL CAP VALUE FUND** 

(Percentages shown based on Fund net assets)

---

| | |
|:---|:---|
| **Schedule of Investments (unaudited) (cont'd)** | **December 31, 2022** |

---

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY** | **EXPIRATION**<br>**DATE** | **WARRANTS** | **VALUE** |
| **WARRANTS - 0.0%††** |  |  |  |
| **FINANCIALS - 0.0%††** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Financial Services - 0.0%††** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; East Resources Acquisition Co., Class A Shares<br>(Cost - $6,055) | 7/1/27 | 30275 | $5298 \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 99.3%**<br> (Cost - $104,964,074) |  |  | 108083880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities - 0.7% |  |  | 712331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL NET ASSETS - 100.0%** |  |  | $108796211 |

---

---

| | |
|:---|:---|
| †† | Represents less than 0.1%.  |

---

\* Non-income producing security.

(a) Security is valued in good faith in accordance with procedures approved by the Board of Trustees (Note 1).

<u>Abbreviation(s) used in this schedule:</u> 

ADR — American Depositary Receipts

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

**See Notes to Schedule of Investments.** 

ClearBridge Small Cap Value Fund 2022 Quarterly Report 5

------

**Notes to Schedule of Investments (unaudited)** 

**1. Organization and significant accounting policies** 

ClearBridge Small Cap Value Fund (the "Fund") is a separate diversified investment series of Legg Mason Partners Investment Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

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

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

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

<br>6<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the
fair value of investments)

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

<br>7<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| **DESCRIPTION** | **QUOTED PRICES<br>(LEVEL 1)** | **OTHER SIGNIFICANT<br>OBSERVABLE INPUTS<br>(LEVEL 2)** | **SIGNIFICANT<br>UNOBSERVABLE<br>INPUTS**<br>**(LEVEL 3)** | **TOTAL** |
|  Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | $13588305 | $815659 |  | $14403964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | 93674618 |  |  | 93674618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | 5298 |  |  | 5298 |
|  Total Investments | $107268221 | $815659 |  | $108083880 |

---

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated company** 

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended December 31, 2022. The following transactions were effected in such company for the period ended December 31, 2022.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Affiliate<br>Value at<br>September 30,**<br>**2022** | **Purchased** | **Purchased** | **Sold** | **Sold** |
|  | **Affiliate<br>Value at<br>September 30,**<br>**2022** | **Cost** | **Shares** | **Proceeds** | **Shares** |
| Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares | $71657 | $947639 | 947639 | $1019296 | 1019296 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(cont'd)** | **Realized**<br>**Gain (Loss)** | **Dividend**<br>**Income** | **Net Increase**<br>**(Decrease) in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Affiliate<br>Value at<br>December 31,<br>2022** |
| Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares | – $| 1162 | – |  |

---

<br>8<br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 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:** ClearBridge Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000016238

- **c. LEI of Series:** 549300ETUBHGWQ1XIV38

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

- **a. Date of fiscal year-end:** 2023-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $109139337.00

**Total Liabilities:** $278882.52

**Net Assets:** $108860454.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044871 | 13.85%               | 4.13%                | -5.83%               |
| Class ID C000044874 | 13.90%               | 4.12%                | -5.83%               |
| Class ID C000044873 | 13.77%               | 4.06%                | -5.88%               |
| Class ID C000127028 | 13.90%               | 4.15%                | -5.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1263613.04              | $13296839.26                               |
| Month 2  | $606589.66               | $4242767.42                                |
| Month 3  | $1689455.77              | $-9046165.65                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Anterix Inc                          | Anterix Inc                          | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     30000 | NS      | $965100.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc           | Third Coast Bancshares Inc           | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67200 | NS      | $1238496.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc               | Washington Federal Inc               | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66010 | NS      | $2214635.50   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                            | Itron Inc                            | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     24700 | NS      | $1251055.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc              | Century Communities Inc              | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     25920 | NS      | $1296259.20   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                       | Utz Brands Inc                       | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68400 | NS      | $1084824.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Syneos Health Inc                    | Syneos Health Inc                    | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |     21490 | NS      | $788253.20    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                  | Bloomin' Brands Inc                  | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     48900 | NS      | $983868.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc              | Alexander & Baldwin Inc              | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90700 | NS      | $1698811.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                 | Veritex Holdings Inc                 | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     63300 | NS      | $1777464.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                            | Olin Corp                            | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     38550 | NS      | $2040837.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc        | National Health Investors Inc        | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     27610 | NS      | $1441794.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                  | Meritage Homes Corp                  | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     15000 | NS      | $1383000.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                | Lantheus Holdings Inc                | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     23500 | NS      | $1197560.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                       | Stoneridge Inc                       | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |     67500 | NS      | $1455300.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Corp                    | NorthWestern Corp                    | CUSIP: 668074305<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | EC               | CORP              | US        |     34100 | NS      | $2023494.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                | Euronet Worldwide Inc                | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     17100 | NS      | $1613898.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                           | Korn Ferry                           | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     18800 | NS      | $951656.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SMART Global Holdings Inc            | SMART Global Holdings Inc            | CUSIP: 000000000<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | US        |     86080 | NS      | $1280870.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                 | Marten Transport Ltd                 | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83465 | NS      | $1650937.70   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Everi Holdings Inc                   | Everi Holdings Inc                   | CUSIP: 30034T103<br>LEI: 5299006DK5S7BG10K532 | Long             | EC               | CORP              | US        |    108300 | NS      | $1554105.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC          | STARWOOD PROPERTY TRUST INC          | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     65430 | NS      | $1199331.90   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                 | Commercial Metals Co                 | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     21980 | NS      | $1061634.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Financial USA Inc          | Heartland Financial USA Inc          | CUSIP: 42234Q102<br>LEI: 549300QF7B0DFZT32C73 | Long             | EC               | CORP              | US        |     44200 | NS      | $2060604.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp              | Magnolia Oil & Gas Corp              | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75500 | NS      | $1770475.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Television Inc                  | Gray Television Inc                  | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |    125450 | NS      | $1403785.50   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source Inc          | Custom Truck One Source Inc          | CUSIP: 23204X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69970 | NS      | $442210.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                 | Wabash National Corp                 | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     67230 | NS      | $1519398.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cara Therapeutics Inc                | Cara Therapeutics Inc                | CUSIP: 140755109<br>LEI: 549300COVOY41P0GZ881 | Long             | EC               | CORP              | US        |     43300 | NS      | $465042.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                 | Rush Enterprises Inc                 | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     20905 | NS      | $1092913.40   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                  | PotlatchDeltic Corp                  | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     32800 | NS      | $1442872.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp                             | NCR Corp                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     65910 | NS      | $1542953.10   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                    | PROG Holdings Inc                    | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     82080 | NS      | $1386331.20   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc            | Mirum Pharmaceuticals Inc            | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     28900 | NS      | $563550.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Matters Inc                     | Real Matters Inc                     | CUSIP: 75601Y100<br>LEI: 54930038CQZBR1KZYE22 | Long             | EC               | CORP              | CA        |    191300 | NS      | $590571.64    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                    | Redwood Trust Inc                    | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    206400 | NS      | $1395264.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                     | Green Plains Inc                     | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     47500 | NS      | $1448750.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                              | EnerSys                              | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     16550 | NS      | $1222052.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings        | Maravai LifeSciences Holdings Inc    | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51700 | NS      | $739827.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CommVault Systems Inc                | CommVault Systems Inc                | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     23810 | NS      | $1496220.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                       | Photronics Inc                       | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     73600 | NS      | $1238688.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gambling.com Group Ltd               | Gambling.com Group Ltd               | CUSIP: 000000000<br>LEI: 254900PUNXQ3N26IMU63 | Long             | EC               | CORP              | JE        |    207400 | NS      | $1897710.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Financial Corp               | Oportun Financial Corp               | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |    201700 | NS      | $1111367.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                 | Matador Resources Co                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     26740 | NS      | $1530597.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                             | Bank OZK                             | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     48930 | NS      | $1960135.80   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                           | Unum Group                           | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     33970 | NS      | $1393789.10   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                         | Cadence Bank                         | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     92750 | NS      | $2287215.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                           | Macy's Inc                           | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     42050 | NS      | $868332.50    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc               | Group 1 Automotive Inc               | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     10100 | NS      | $1821737.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco Inc                         | WesBanco Inc                         | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55600 | NS      | $2056088.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Outdoor Inc                    | Vista Outdoor Inc                    | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |     48080 | NS      | $1171709.60   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                    | RLJ Lodging Trust                    | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167150 | NS      | $1770118.50   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                 | LXP Industrial Trust                 | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    162400 | NS      | $1627248.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST RESOURCES ACQUISITION-A         | EAST RESOURCES ACQUIS -CW27          | CUSIP: 274681113<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30275 | NS      | $5298.13      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Tr       | Corporate Office Properties Trust    | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     75600 | NS      | $1961064.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Amarin Corp PLC                      | Amarin Corp PLC                      | CUSIP: 023111206<br>LEI: 5493009JFIGUFEVPK217 | Long             | EC               | CORP              | IE        |    531070 | NS      | $642594.70    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc             | Encore Capital Group Inc             | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     25390 | NS      | $1217196.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                     | First Busey Corp                     | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     77600 | NS      | $1918272.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp               | Webster Financial Corp               | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     43700 | NS      | $2068758.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                   | CNX Resources Corp                   | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     72860 | NS      | $1226962.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                | Helmerich & Payne Inc                | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     33970 | NS      | $1683892.90   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust              | Kite Realty Group Trust              | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103910 | NS      | $2187305.50   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                  | Eagle Materials Inc                  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     11700 | NS      | $1554345.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp               | Primoris Services Corp               | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     83430 | NS      | $1830454.20   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                     | Black Hills Corp                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     32030 | NS      | $2252990.20   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                     | TriCo Bancshares                     | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33960 | NS      | $1731620.40   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NESCO HOLDINGS INC PRIVATE PLACEMENT | NESCO HOLDINGS INC PRIVATE PLACEMENT | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129060 | NS      | $815659.20    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Textainer Group Holdings Ltd         | Textainer Group Holdings Ltd         | CUSIP: 000000000<br>LEI: 529900OHEYRATAFMIT89 | Long             | EC               | CORP              | US        |     66100 | NS      | $2049761.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CareMax Inc                          | CareMax Inc                          | CUSIP: 14171W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168674 | NS      | $615660.10    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp          | Simmons First National Corp          | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     84200 | NS      | $1817036.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                       | Murphy USA Inc                       | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      6340 | NS      | $1772283.60   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp               | Hillman Solutions Corp               | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200980 | NS      | $1449065.80   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                 | Assured Guaranty Ltd                 | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     22110 | NS      | $1376568.60   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                     | Essent Group Ltd                     | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     40200 | NS      | $1562976.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                           | Terex Corp                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     32300 | NS      | $1379856.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co         | Portland General Electric Co         | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     30480 | NS      | $1493520.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer