# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-23-035976
**Filing Date:** 2023-2
**Character Count:** 12013
**Document Hash:** e2314981e32a960e961401e01d762f64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035976.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035976

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001176343
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 23657688

**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 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:** 2022-12-31

- **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:** $378723135.45

**Total Liabilities:** $140022.86

**Net Assets:** $378583112.59

**Cash Not Reported:** $348310.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218582 | 2.25%                | 4.59%                | -2.04%               |
| Class ID C000218583 | 2.25%                | 4.61%                | -2.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $11288.16                                  |
| Month 2  | $0.00                    | $16788559.27                               |
| Month 3  | $0.00                    | $-11697408.48                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MainStay VPFidty InsAM Utilts Pf Initl                   | MainStay VPFidty InsAM Utilts Pf Initl                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    864674 | NS      | $11416467.06  | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbia Variable Portfolio - Emerging Markets Bond Fund | Columbia Variable Portfolio - Emerging Markets Bond Fund | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1493918 | NS      | $11234266.06  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO VIT Total Return Portfolio                         | PIMCO VIT Total Return Portfolio                         | CUSIP: 693394785<br>LEI: WXIJUDZ58N7QM7IEFC20 | Long             | EC               | RF                | US        |   2826624 | NS      | $25383079.75  | 6.70%             |  |  |  | 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        |   2169527 | NS      | $17843058.74  | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS Variable Insurance Trust - Research Series           | MFS Variable Insurance Trust - Research Series           | CUSIP: 55273F308<br>LEI: N/A                  | Long             | EC               | RF                | US        |    456181 | NS      | $12654464.05  | 3.34%             |  |  |  | No            |                  2 | 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        |    419935 | NS      | $8952253.14   | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity International Index Fund                        | Fidelity International Index Fund                        | CUSIP: 315911727<br>LEI: 549300C2K28SY5V9FK59 | Long             | EC               | RF                | US        |    462423 | NS      | $19047208.64  | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Variable Appreciation Portfolio              | ClearBridge Variable Appreciation Portfolio              | CUSIP: 52467W882<br>LEI: 549300JPS8VIXKYYNE50 | Long             | EC               | RF                | US        |    222726 | NS      | $11200876.96  | 2.96%             |  |  |  | No            |                  1 | 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        |  12257386 | NS      | $12257385.84  | 3.24%             |  |  |  | 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        |   5059316 | NS      | $47304602.85  | 12.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity US Bond Index                                   | Fidelity US Bond Index                                   | CUSIP: 316146356<br>LEI: 5VUJ0DJSDOFYE2WQN531 | Long             | EC               | RF                | US        |   4436573 | NS      | $45164312.79  | 11.93%            |  |  |  | No            |                  1 | 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        |   2646081 | NS      | $25164232.94  | 6.65%             |  |  |  | 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        |    775207 | NS      | $7261830.38   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Core Plus VIT Portfolio                    | Western Asset Core Plus VIT Portfolio                    | CUSIP: 52467K771<br>LEI: 549300ZKZMJ585OXJ739 | Long             | EC               | RF                | US        |   4518230 | NS      | $21777870.22  | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay VP Bond Init                                    | MainStay VP Bond Init                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2093390 | NS      | $25280200.52  | 6.68%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS VIT Investors Trust Init                             | MFS VIT Investors Trust Init                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    452715 | NS      | $14609108.73  | 3.86%             |  |  |  | No            |                  2 | 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        |    684105 | NS      | $11523953.08  | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MainStay VP MacKay Convertible Initl                     | MainStay VP MacKay Convertible Initl                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    520630 | NS      | $7252538.32   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity 500 Index Fund                                  | Fidelity 500 Index Fund                                  | CUSIP: 315911750<br>LEI: VNHOOHES3TKXOTQ3FS51 | Long             | EC               | RF                | US        |    204048 | NS      | $27162901.04  | 7.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American Funds IS Growth 1A                              | American Funds IS Growth 1A                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     92426 | NS      | $6988356.93   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity VIP Equity Income Portfolio                     | Fidelity VIP Equity Income Portfolio                     | CUSIP: 922174305<br>LEI: N/A                  | Long             | EC               | RF                | US        |    365723 | NS      | $8616430.09   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer