# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0000940400-26-007251
**Filing Date:** 2026-2
**Character Count:** 15132
**Document Hash:** 3bc6bd781289e8fa67483cdc3be67657
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007251.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-007251

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**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:** 26664696

**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 Moderate Model Portfolio (Series ID: S000068273)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218578 | Class II     | QLMAFX          |
| C000218579 | Class I      | QLMAEX          |

## 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 Moderate Model Portfolio

- **b. EDGAR series identifier (if any):** S000068273

- **c. LEI of Series:** 54930032BXZRBBQFVG10

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1862158995.47

**Total Liabilities:** $11280582.12

**Net Assets:** $1850878413.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218578 | 1.37%                | 0.36%                | 0.20%                |
| Class ID C000218579 | 1.36%                | 0.35%                | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2539796.05              | $-6886881.14                               |
| Month 2  | $0.00                    | $5197564.24                                |
| Month 3  | $0.00                    | $-35210093.16                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NYLI VP Newton Technology Growth - Initial Class        | NYLI VP Newton Technology Growth - Initial Class        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4613571 | NS      | $55594447.75  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP PIMCO Real Return Init                      | MainStay VP PIMCO Real Return Init                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4616639 | NS      | $36219837.97  | 1.96%             |  |  |  | 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        |  14384171 | NS      | $14384170.86  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Eagle Small Growth Init                     | MainStay VP Eagle Small Growth Init                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    803089 | NS      | $9288443.51   | 0.50%             |  |  |  | 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        |   1688202 | NS      | $18470619.13  | 1.00%             |  |  |  | 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        |   1515336 | NS      | $23987767.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock High Yield VI Fund                            | BlackRock High Yield VI Fund                            | CUSIP: 09258X107<br>LEI: UT2CQXX2NAVCUUUA7P13 | Long             | EC               | RF                | US        |  11758385 | NS      | $82779032.12  | 4.47%             |  |  |  | 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        |  10654929 | NS      | $100689076.40 | 5.44%             |  |  |  | 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        |  13487112 | NS      | $127722948.58 | 6.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura VIP Small Cap Value Series                       | Nomura VIP Small Cap Value Series                       | CUSIP: 246493670<br>LEI: 549300V02QTMX38GSE96 | Long             | EC               | RF                | US        |    349614 | NS      | $14012547.52  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Growth and Income Portfolio                        | Voya Growth and Income Portfolio                        | CUSIP: 92913H105<br>LEI: EGZJ3ZLULHRUEQW4E910 | Long             | EC               | RF                | US        |   4795712 | NS      | $109917718.38 | 5.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity 500 Index Fund                                 | Fidelity 500 Index Fund                                 | CUSIP: 315911750<br>LEI: VNHOOHES3TKXOTQ3FS51 | Long             | EC               | RF                | US        |   1036406 | NS      | $246374513.72 | 13.31%            |  |  |  | No            |                  1 | 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        |    877707 | NS      | $27858421.54  | 1.51%             |  |  |  | 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        |   4557575 | NS      | $45758056.79  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity VIP Growth Opportunities Portfolio             | Fidelity VIP Growth Opportunities Portfolio             | CUSIP: 315802207<br>LEI: H39OKPBXOUBYCSFNP849 | Long             | EC               | RF                | US        |    508092 | NS      | $50651667.85  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity International Index Fund                       | Fidelity International Index Fund                       | CUSIP: 315911727<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1356213 | NS      | $82457735.56  | 4.46%             |  |  |  | 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        |   1560581 | NS      | $27818457.57  | 1.50%             |  |  |  | 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        |    527561 | NS      | $73426005.39  | 3.97%             |  |  |  | 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        |    864787 | NS      | $27230657.25  | 1.47%             |  |  |  | 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        |   1138978 | NS      | $32506432.12  | 1.76%             |  |  |  | No            |                  2 | 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        |  13033693 | NS      | $128251538.47 | 6.93%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP MacKay Intl Eq Initl                        | MainStay VP MacKay Intl Eq Initl                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1519983 | NS      | $18883361.55  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO VIT Total Return Portfolio                        | PIMCO VIT Total Return Portfolio                        | CUSIP: 693394785<br>LEI: WXIJUDZ58N7QM7IEFC20 | Long             | EC               | RF                | US        |   7792828 | NS      | $73642226.63  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco VI EQV International Equity Fund                | Invesco VI EQV International Equity Fund                | CUSIP: 008892507<br>LEI: 549300OD9RBN8ENNHU41 | Long             | EC               | RF                | US        |    905590 | NS      | $32700864.79  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity US Bond Index Fund                             | Fidelity US Bond Index Fund                             | CUSIP: 316146356<br>LEI: 5VUJ0DJSDOFYE2WQN531 | Long             | EC               | RF                | US        |  12557029 | NS      | $132602223.39 | 7.16%             |  |  |  | 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        |   2407653 | NS      | $70857218.52  | 3.83%             |  |  |  | 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        |   1711392 | NS      | $49963229.51  | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP Bond Init                                   | MainStay VP Bond Init                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3745247 | NS      | $45649322.46  | 2.47%             |  |  |  | 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        |   2090208 | NS      | $23107879.32  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ClearBridge Variable Appreciation Portfolio             | ClearBridge Variable Appreciation Portfolio             | CUSIP: 52467W882<br>LEI: 549300JPS8VIXKYYNE50 | Long             | EC               | RF                | US        |   1252601 | NS      | $78049585.63  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer