# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0001752724-23-051603
**Filing Date:** 2023-3
**Character Count:** 138375
**Document Hash:** dd9d0560d5a2077ac1484db3e7aedea9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-051603.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001752724-23-051603

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**EFFECTIVENESS DATE**: 20230310

**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:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 23722054

**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 Dividend Strategy Fund (Series ID: S000016665)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000046577 | Class A      | SOPAX           |
| C000046579 | Class C      | SBPLX           |
| C000046580 | Class I      | SOPYX           |
| C000063673 | Class FI     | LBRIX           |
| C000063674 | Class R      | LMMRX           |
| C000088432 | Class IS     | LCBEX           |
| C000097989 | Class 1      | LCBOX           |

### BrandywineGLOBAL - HIGH YIELD FUND (Series ID: S000071892)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000227482 | Class C      | BGHCX           |
| C000227484 | Class I      | BGHIX           |
| C000227485 | Class IS     | BGHSX           |
| C000227486 | Class A      | BGHAX           |

### BrandywineGLOBAL - CORPORATE CREDIT FUND (Series ID: S000071893)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000227488 | Class I      | BCGIX           |
| C000227489 | Class C      | BGGCX           |
| C000227490 | Class IS     | BGISX           |
| C000227491 | Class A      | BCAAX           |

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Partners Investment Trust and Shareholders of ClearBridge Dividend Strategy Fund

In planning and performing our audit of the financial statements of ClearBridge Dividend Strategy Fund (the "Fund") as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial

statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2022.

This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Investment Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 13, 2023

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, MD 21202-1096 T: (410) 783 7600, F: (410) 783 7680, www .pwc.com/us

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Partners Investment Trust and Shareholders of BrandywineGLOBAL – Corporate Credit Fund and BrandywineGLOBAL – High Yield Fund

In planning and performing our audits of the financial statements of BrandywineGLOBAL – Corporate Credit Fund and BrandywineGLOBAL – High Yield Fund (each a series of Legg Mason Partners Investment Trust, hereinafter referred to as the "Funds") as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2022.

This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Investment Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 22, 2023

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, MD 21202-1096

T: (410) 783 7600, F: (410) 783 7680, www .pwc.com/us

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000880366

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

**Series ID Record:1**
- **Series ID:** S000071893

**Series ID Record:2**
- **Series ID:** S000016665

**Series ID Record:3**
- **Series ID:** S000071892

**Class ID Record:1**
- **Class ID:** C000227488

**Class ID Record:2**
- **Class ID:** C000227489

**Class ID Record:3**
- **Class ID:** C000227491

**Class ID Record:4**
- **Class ID:** C000227490

**Class ID Record:5**
- **Class ID:** C000088432

**Class ID Record:6**
- **Class ID:** C000063673

**Class ID Record:7**
- **Class ID:** C000046577

**Class ID Record:8**
- **Class ID:** C000063674

**Class ID Record:9**
- **Class ID:** C000046580

**Class ID Record:10**
- **Class ID:** C000046579

**Class ID Record:11**
- **Class ID:** C000097989

**Class ID Record:12**
- **Class ID:** C000227486

**Class ID Record:13**
- **Class ID:** C000227485

**Class ID Record:14**
- **Class ID:** C000227484

**Class ID Record:15**
- **Class ID:** C000227482

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

**Item A.1.a - Report for period ending:** 2022-12-31

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

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

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

- **Item B.1.b - Investment Company Act file number:** 811-06444

- **Item B.1.c - CIK:** 0000880366

- **Item B.1.d - LEI:** 5493006N9MF7V29DK342

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

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

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **Street 2:** 48th Floor

- **c. City:** New York

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

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

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

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

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

**Location books Record: 2**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-650-312-2000

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

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Brandywine Global Investment Management, LLC

- **b. Street 1:** 1735 Market Street

- **Street 2:** Suite 1800

- **c. City:** Philadelphia

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 19103

- **g. Telephone number:** 1-215-609-3500

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

**Location books Record: 4**

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

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

- **c. City:** New York

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

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

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

- **g. Telephone number:** 1-212-495-1784

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

**Location books Record: 5**

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

- **b. Street 1:** 3344 Quality Drive

- **c. City:** Rancho Cordova

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 95670

- **g. Telephone number:** 1-916-463-2075

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

**Location books Record: 6**

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

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

- **c. City:** Pasadena

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

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

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

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

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

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** BNY Mellon Investment Servicing (US) Inc.

- **b. Street 1:** 301 Bellevue Parkway

- **c. City:** Wilmington

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 19809

- **g. Telephone number:** 1-302-791-1700

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

**Location books Record: 8**

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

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

- **c. City:** Baltimore

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

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

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

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

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

**Location books Record: 9**

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

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

- **Street 2:** 47th Floor

- **c. City:** New York

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

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

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

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

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

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Partners Fund Advisor, LLC

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

- **c. City:** New York

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

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

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

- **g. Telephone number:** 1-305-529-4400

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 25

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                     |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22405, 811-22491, 811-23408, 811-22693, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-07362, 811-21477, 811-22582, 811-22338, 811-05812, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| G. Peter O'Brien   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Paul R. Ades       | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Ken Miller         | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Susan M. Heilbron  | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Andrew L. Breech   | No                      | 811-22338, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Arnold L. Lehman   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Stephen R. Gross   | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Althea L. Duersten | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |
| Thomas F. Schlafly | No                      | 811-21128, 811-22338                                                                                                                                                                                                                                                                                                                                                      |

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

**Chief compliance officer Record: 1**

- **a. Full Name:** Ted P. Becker

- **b. CRD Number, if any:** N/A

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

- **   Street Address 2:** 8th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10017

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - BrandywineGLOBAL - CORPORATE CREDIT FUND

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - CORPORATE CREDIT FUND

- **b. Series identification number, if any:** S000071893

- **c. LEI:** 549300XXQVNR5TKP0B38

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000227488                                | BCGIX                        |
|                           2 | Class C                 | C000227489                                | BGGCX                        |
|                           3 | Class A                 | C000227491                                | BCAAX                        |
|                           4 | Class IS                | C000227490                                | BGISX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

- Rule 22d-1 (17 CFR 270.22d-1)

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

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

- Rule 32a-4 (17 CFR 270.32a-4)

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

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

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

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

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

**Transfer Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

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

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

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

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

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

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 6**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

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

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

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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

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

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

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

**Pricing Services Record: 9**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

No Brokers reported.

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

| Name                                      | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| CitiGroup Global Markets Inc.             | 008-08177         | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $122,437,680.58           |
| J.P. Morgan Securities LLC                | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $217,288,530.23           |
| MARKETAXESS CORPORATION                   | 008-50727         | 000044542    | GPSMMRI21JE7ZCVYF972 | NY      | US        | $1,100,244,724.14         |
| MORGAN STANLEY & CO. LLC                  | 008-15869         | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $234,434,703.00           |
| BARCLAYS CAPITAL, INC.                    | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $163,595,971.70           |
| JEFFERIES LLC                             | 008-15074         | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $206,822,221.25           |
| CREDIT SUISSE SECURITIES (USA) LLC        | 008-00422         | 000000816    | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $168,912,824.59           |
| State Street Bank and Trust Company       | N/A               | N/A          | 571474TGEMMWANRLN572 | MA      | US        | $70,132,822.21            |
| Goldman Sachs & Co. LLC                   | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $364,695,364.24           |
| Merrill Lynch Professional Clearing Corp. | 008-33359         | 000016139    | 549300PMHS66E71I2D34 | NY      | US        | $292,824,249.40           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,457,515,024.20

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

- **Item C.19.a - Fund's monthly average net assets:** $1,593,109,592.12

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

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,675,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 2 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 3 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 6 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 7 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 9 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 10 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 11 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 13 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 15 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 17 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 18 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 19 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 20 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Income Fund                                           | 811-00537         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Total Return Fund                                     | 811-04986         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Growth Fund                                           | 811-00537         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Templeton World Fund                                           | 811-02781         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| International Equity Series                                    | 811-06135         |
| Western Asset California Municipals Fund                       | 811-04254         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Templeton Foreign Fund                                         | 811-02781         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin International Growth Fund                             | 811-10157         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin High Income Fund                                      | 811-01608         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin U.S. Small Cap Equity Fund                            | 811-22338         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |

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

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

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

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - ClearBridge Dividend Strategy Fund

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

- **a. Full Name of the Fund:** ClearBridge Dividend Strategy Fund

- **b. Series identification number, if any:** S000016665

- **c. LEI:** 549300ONQJP03D3TL356

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 7

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class IS                | C000088432                                | LCBEX                        |
|                           2 | Class FI                | C000063673                                | LBRIX                        |
|                           3 | Class A                 | C000046577                                | SOPAX                        |
|                           4 | Class R                 | C000063674                                | LMMRX                        |
|                           5 | Class I                 | C000046580                                | SOPYX                        |
|                           6 | Class C                 | C000046579                                | SBPLX                        |
|                           7 | Class 1                 | C000097989                                | LCBOX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

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

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

- Rule 22d-1 (17 CFR 270.22d-1)

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

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

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

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

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

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000137028

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

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

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

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

**Transfer Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

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

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

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

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

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

**Transfer Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

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

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

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

**Pricing Services Record: 8**

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

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

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

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

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

**Pricing Services Record: 9**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 4**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL, INC.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $121,519.06

**Brokers Record: 2**

- **i. Full name of broker:** Raymond James & Associates, Inc.

- **ii. SEC file number:** 008-10999

- **iii. CRD number:** 000000705

- **iv. LEI, if any:** U4ONQX15J3RO8XCKE979

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $72,306.64

**Brokers Record: 3**

- **i. Full name of broker:** INSTINET, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $246,907.66

**Brokers Record: 4**

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

- **ii. SEC file number:** 008-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $73,301.86

**Brokers Record: 5**

- **i. Full name of broker:** CAPITAL INSTITUTIONAL SERVICES, INC

- **ii. SEC file number:** 008-22273

- **iii. CRD number:** 000007551

- **iv. LEI, if any:** 54930061X8RDWFDJIS05

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $81,830.88

**Brokers Record: 6**

- **i. Full name of broker:** SANFORD C. BERNSTEIN & CO., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $55,246.20

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $97,211.01

**Brokers Record: 8**

- **i. Full name of broker:** Merrill Lynch Professional Clearing Corp.

- **ii. SEC file number:** 008-33359

- **iii. CRD number:** 000016139

- **iv. LEI, if any:** 549300PMHS66E71I2D34

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $194,854.43

**Brokers Record: 9**

- **i. Full name of broker:** J.P. Morgan Securities LLC

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $119,624.23

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $81,766.54

**Aggregate Commission:** $1,331,699.94

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $7,206,752,281.94

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

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,675,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 3 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 4 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 5 Name of institution:** CREDIT SUISSE AG

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

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

  - **Line Institutions Record: 8 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 10 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 11 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 12 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 13 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 14 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 15 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 16 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 18 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 19 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 20 Name of institution:** THE BANK OF NOVA SCOTIA

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin U.S. Small Cap Equity Fund                            | 811-22338         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin International Small Cap Fund                          | 811-10157         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| International Equity Series                                    | 811-06135         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Templeton China World Fund                                     | 811-07876         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin International Equity Fund                             | 811-22338         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset High Yield Fund                                  | 811-06110         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin Global Allocation Fund                                | 811-07851         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Total Return Fund                                     | 811-04986         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Templeton Foreign Fund                                         | 811-02781         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Utilities Fund                                        | 811-00537         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Mutual European Fund                                  | 811-05387         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Growth Fund                                           | 811-00537         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Income Fund                                           | 811-00537         |

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

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

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

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - BrandywineGLOBAL - HIGH YIELD FUND

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - HIGH YIELD FUND

- **b. Series identification number, if any:** S000071892

- **c. LEI:** 549300S5DI1UCBY1J672

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000227486                                | BGHAX                        |
|                           2 | Class IS                | C000227485                                | BGHSX                        |
|                           3 | Class I                 | C000227484                                | BGHIX                        |
|                           4 | Class C                 | C000227482                                | BGHCX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

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

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

- Rule 22d-1 (17 CFR 270.22d-1)

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

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

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** Yes

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

**Investment Advisers Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** Brandywine Global Investment Management, LLC

- **ii. SEC file number:** 801-27797

- **iii. CRD number:** 000110783

- **iv. LEI, if any:** 8GTBE30G9EQQ2JEJZ302

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

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

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

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

**Transfer Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. SEC file number:** 084-01036

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

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

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

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

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

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

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

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** Virtu Financial, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001OPW2K42CH3884

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv Benchmark Services Limited

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

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

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

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

**Pricing Services Record: 4**

- **i. Full name:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300KIB86ZLHRUV723

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

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

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

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

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

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

**Pricing Services Record: 9**

- **i. Full name:** IHS MARKIT GROUP HOLDINGS LIMITED

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

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

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

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

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

**Shareholder Servicing Agents Record: 2**

- **i. Full name:** Franklin Templeton Investor Services, LLC

- **ii. LEI, if any:** 084-01036

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

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

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

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

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** Yes

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** Legg Mason Partners Fund Advisor, LLC

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 4**

- **a. Full name:** Franklin Templeton Investment Services, Inc.

- **b. SEC file number:** 008-43206

- **c. CRD number:** 000027884

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

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

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

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

**Item C.16. Brokers.**

No Brokers reported.

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

| Name                                      | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL, INC.                    | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $125,681,250.25           |
| CitiGroup Global Markets Inc.             | 008-08177         | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $75,256,071.63            |
| J.P. Morgan Securities LLC                | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $139,719,091.25           |
| Merrill Lynch Professional Clearing Corp. | 008-33359         | 000016139    | 549300PMHS66E71I2D34 | NY      | US        | $194,676,144.25           |
| Goldman Sachs & Co. LLC                   | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $191,963,875.95           |
| CREDIT SUISSE SECURITIES (USA) LLC        | 008-00422         | 000000816    | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $94,316,275.00            |
| State Street Bank and Trust Company       | N/A               | N/A          | 571474TGEMMWANRLN572 | MA      | US        | $62,522,525.56            |
| MARKETAXESS CORPORATION                   | 008-50727         | 000044542    | GPSMMRI21JE7ZCVYF972 | NY      | US        | $882,417,447.49           |
| JEFFERIES LLC                             | 008-15074         | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $142,417,982.50           |
| MORGAN STANLEY & CO. LLC                  | 008-15869         | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $181,714,244.61           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,449,434,806.94

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

- **Item C.19.a - Fund's monthly average net assets:** $940,346,589.43

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

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,675,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 4 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 5 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 10 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 12 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 13 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 14 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 15 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 16 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 17 Name of institution:** CREDIT SUISSE AG

  - **Line Institutions Record: 18 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 19 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 20 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

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

| Name of fund                                                   | SEC File number   |
|:---|:---|
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Mutual European Fund                                  | 811-05387         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Utilities Fund                                        | 811-00537         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin Managed Income fund                                   | 811-04986         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| International Equity Series                                    | 811-06135         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Franklin U.S. Small Cap Equity Fund                            | 811-22338         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Franklin High Income Fund                                      | 811-01608         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| ClearBridge Select Fund                                        | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Templeton China World Fund                                     | 811-07876         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Western Asset California Municipals Fund                       | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Income Fund                                           | 811-00537         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Western Asset High Yield Fund                                  | 811-06110         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| ClearBridge International Value Fund                           | 811-06444         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Templeton International Bond Fund                              | 811-04706         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| ClearBridge Value Trust                                        | 811-22338         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |

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

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

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

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Legg Mason Partners Investment Trust

**Date:** 2023-03-10

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer