# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0000940400-26-009799
**Filing Date:** 2026-3
**Character Count:** 645522
**Document Hash:** 6c2b82f0adf769bdf9b104c18c9f4a44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009799.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0000940400-26-009799

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260311

**DATE AS OF CHANGE**: 20260311

**EFFECTIVENESS DATE**: 20260311

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 26742147

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

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

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

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

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

## Series and Classes Contracts Data

### ClearBridge Variable Dividend Strategy Portfolio (Series ID: S000008304)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022693 | Class II     | QLMETX          |
| C000047600 | Class I      | QLMEIX          |

### ClearBridge Variable Growth Portfolio (Series ID: S000016933)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047115 | Class I      | QLMGOX          |
| C000047116 | Class II     | QLMGTX          |

### ClearBridge Variable Large Cap Growth Portfolio (Series ID: S000016935)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047118 | Class I      | QLMLOX          |
| C000047119 | Class II     | LVLGX           |

### ClearBridge Variable Mid Cap Portfolio (Series ID: S000016937)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047121 | Class I      | QLMMIX          |
| C000047122 | Class II     | QLMPTX          |

### ClearBridge Variable Small Cap Growth Portfolio (Series ID: S000017007)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047262 | Class I      | QLMSIX          |
| C000047263 | Class II     | QLMSTX          |

### Franklin Multi-Asset Variable Conservative Growth (Series ID: S000017009)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047266 | Class I      | QLMLFX          |
| C000183009 | Class II     | QVCIIX          |

### Franklin Multi-Asset Variable Moderate Growth (Series ID: S000017010)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047267 | Class I      | QLMLSX          |

### Franklin Multi-Asset Variable Growth (Series ID: S000017011)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047268 | Class I      | QLMLTX          |

### ClearBridge Variable Appreciation Portfolio (Series ID: S000017013)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047270 | Class I      | QLMAOX          |
| C000053699 | Class II     | CVAPX           |

### ClearBridge Variable Large Cap Value Portfolio (Series ID: S000017019)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047279 | Class I      | QLMVIX          |

### Franklin Templeton Aggressive Model Portfolio (Series ID: S000068271)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218574 | Class II     | QLMABX          |
| C000218575 | Class I      | QLMAAX          |

### Franklin Templeton Conservative Model Portfolio (Series ID: S000068272)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218576 | Class I      | QLMAIX          |
| C000218577 | Class II     | QLMAJX          |

### Franklin Templeton Moderate Model Portfolio (Series ID: S000068273)

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

### Franklin Templeton Moderately Aggressive Model Portfolio (Series ID: S000068274)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000218580 | Class II     | QLMADX          |
| C000218581 | Class I      | QLMACX          |

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

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

## Internal

Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Partners Variable Equity Trust and Shareholders of ClearBridge Variable Growth Portfolio, ClearBridge Variable Appreciation Portfolio, ClearBridge Variable Dividend Strategy Portfolio, ClearBridge Variable Large Cap Growth Portfolio, ClearBridge Variable Large Cap Value Portfolio, ClearBridge Variable Mid Cap Portfolio, ClearBridge Variable Small Cap Growth Portfolio, Franklin Multi-Asset Variable Conservative Growth Fund, Franklin Multi-Asset Variable Growth Fund, Franklin Multi-Asset Variable Moderate Growth Fund, Franklin Templeton Aggressive Model Portfolio, Franklin Templeton Moderately Aggressive Model Portfolio, Franklin Templeton Moderate Model Portfolio, Franklin Templeton Moderately Conservative Model Portfolio and Franklin Templeton Conservative Model Portfolio<br>In planning and performing our audits of the financial statements of ClearBridge Variable Growth Portfolio, ClearBridge Variable Appreciation Portfolio, ClearBridge Variable Dividend Strategy Portfolio, ClearBridge Variable Large Cap Growth Portfolio, ClearBridge Variable Large Cap Value Portfolio, ClearBridge Variable Mid Cap Portfolio, ClearBridge Variable Small Cap Growth Portfolio, Franklin Multi-Asset Variable Conservative Growth Fund, Franklin Multi-Asset Variable Growth Fund, Franklin Multi-Asset Variable Moderate Growth Fund, Franklin Templeton Aggressive Model Portfolio, Franklin Templeton Moderately Aggressive Model Portfolio, Franklin Templeton Moderate Model Portfolio, Franklin Templeton Moderately Conservative Model Portfolio and Franklin Templeton Conservative Model Portfolio (each a series of Legg Mason Partners Variable Equity Trust, hereinafter referred to as the "Portfolios") as of and for the year ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Portfolios' 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 Portfolios' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Portfolios' internal control over financial reporting.<br>The management of the Portfolios 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.<br>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.<br>Our consideration of the Portfolios' 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 Portfolios' 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, 2025.<br>This report is intended solely for the information and use of the Board of Trustees of Legg Mason Partners Variable Equity 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.<br>/s/PricewaterhouseCoopers LLP<br> Baltimore, Maryland<br> February 13, 2026

100 East Pratt Street, Suite 2600<br> Baltimore, Maryland 21202-1096<br> (410) 783 7600<br> www.pwc.com/us

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001176343

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

**Series ID Record:1**
- **Series ID:** S000068272

**Series ID Record:2**
- **Series ID:** S000016935

**Series ID Record:3**
- **Series ID:** S000017007

**Series ID Record:4**
- **Series ID:** S000016933

**Series ID Record:5**
- **Series ID:** S000017009

**Series ID Record:6**
- **Series ID:** S000017013

**Series ID Record:7**
- **Series ID:** S000068274

**Series ID Record:8**
- **Series ID:** S000008304

**Series ID Record:9**
- **Series ID:** S000016937

**Series ID Record:10**
- **Series ID:** S000068275

**Series ID Record:11**
- **Series ID:** S000017011

**Series ID Record:12**
- **Series ID:** S000017010

**Series ID Record:13**
- **Series ID:** S000017019

**Series ID Record:14**
- **Series ID:** S000068271

**Series ID Record:15**
- **Series ID:** S000068273

**Class ID Record:1**
- **Class ID:** C000218577

**Class ID Record:2**
- **Class ID:** C000218576

**Class ID Record:3**
- **Class ID:** C000047118

**Class ID Record:4**
- **Class ID:** C000047119

**Class ID Record:5**
- **Class ID:** C000047263

**Class ID Record:6**
- **Class ID:** C000047262

**Class ID Record:7**
- **Class ID:** C000047116

**Class ID Record:8**
- **Class ID:** C000047115

**Class ID Record:9**
- **Class ID:** C000183009

**Class ID Record:10**
- **Class ID:** C000047266

**Class ID Record:11**
- **Class ID:** C000047270

**Class ID Record:12**
- **Class ID:** C000053699

**Class ID Record:13**
- **Class ID:** C000218581

**Class ID Record:14**
- **Class ID:** C000218580

**Class ID Record:15**
- **Class ID:** C000022693

**Class ID Record:16**
- **Class ID:** C000047600

**Class ID Record:17**
- **Class ID:** C000047122

**Class ID Record:18**
- **Class ID:** C000047121

**Class ID Record:19**
- **Class ID:** C000218582

**Class ID Record:20**
- **Class ID:** C000218583

**Class ID Record:21**
- **Class ID:** C000047268

**Class ID Record:22**
- **Class ID:** C000047267

**Class ID Record:23**
- **Class ID:** C000047279

**Class ID Record:24**
- **Class ID:** C000218574

**Class ID Record:25**
- **Class ID:** C000218575

**Class ID Record:26**
- **Class ID:** C000218579

**Class ID Record:27**
- **Class ID:** C000218578

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

**Item A.1.a - Report for period ending:** 2025-12-31

**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 Variable Equity Trust

- **Item B.1.b - Investment Company Act file number:** 811-21128

- **Item B.1.c - CIK:** 0001176343

- **Item B.1.d - LEI:** 549300W9EP2BXVLOGN89

- **Item B.2.a - Street 1:** One Madison Avenue

- **Item B.2.a - Street 2:** 17th Floor

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

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

- **Item B.2.e - Zip Code:** 10010

- **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):** 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:** 1-650-312-3000

- **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):** 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:** 212-495-1784

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

**Location books Record: 3**

- **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: 4**

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

- **b. Street 1:** One Madison Avenue

- **Street 2:** 17th 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:** 10010

- **g. Telephone number:** 1-877-656-3863

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

**Location books Record: 5**

- **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: 6**

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

- **b. Street 1:** One Madison Avenue

- **Street 2:** 18th 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:** 10010

- **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: 7**

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

- **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:** 1-800-632-2350

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

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** FRANKLIN TEMPLETON FUND ADVISER, LLC

- **b. Street 1:** One Madison Avenue

- **Street 2:** 17th 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:** 10010

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

- **h. Briefly describe the books and records kept at this location:** Records related to its function as investment 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:** 15

- **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, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-24075, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-21477, 811-22338, 811-22334, 811-22546, 811-23598, 811-21337 |
| Robin J.W. Masters | No                      | 811-06444, 811-22338                                                                                                                                                                                                                                                                                                                     |
| G. Peter O'Brien   | No                      | 811-22338, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Ken Miller         | No                      | 811-22338, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Susan M. Heilbron  | No                      | 811-06444, 811-22338                                                                                                                                                                                                                                                                                                                     |
| Andrew L. Breech   | No                      | 811-22338, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Arnold L. Lehman   | No                      | 811-06444, 811-22338                                                                                                                                                                                                                                                                                                                     |
| Stephen R. Gross   | No                      | 811-22338, 811-06444                                                                                                                                                                                                                                                                                                                     |
| Thomas F. Schlafly | No                      | 811-06444, 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:** One Madison Avenue

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **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:** CA

- **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 - Franklin Templeton Conservative Model Portfolio

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

- **a. Full Name of the Fund:** Franklin Templeton Conservative Model Portfolio

- **b. Series identification number, if any:** S000068272

- **c. LEI:** 5493007NRDJ55I7D0G40

- **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?:** 2

- **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 II                | C000218577                                | QLMAJX                       |
|                           2 | Class I                 | C000218576                                | QLMAIX                       |

**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

- [x] 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

- [ ] 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(c)(4) (17CFR 270.18f-4(c)(4))

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

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

- Rule 18f-4 (17 CFR 270.18f-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?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 3**

- **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: 4**

- **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: 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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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:** 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

**Item C.16. Brokers.**

No Brokers reported.

- **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'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $183,501,532.93

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 3 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 4 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 7 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 8 Name of institution:** HSBC BANK USA, N.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:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 12 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **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:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 17 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 18 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   |
|:---|:---|
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Equity Income Fund                                            | 811-04986         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Templeton International Bond Fund                                      | 811-04706         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin International Growth Fund                                     | 811-10157         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Utilities Fund                                                | 811-00537         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Managed Income fund                                           | 811-04986         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Global Income Trust                                             | 811-04524         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam VT Research Fund                                                | 811-05346         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam International Equity Fund                                       | 811-06190         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| International Equity Series                                            | 811-06135         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Western Asset Short Duration Income ETF                                | 811-23096         |

- **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 Variable Large Cap Growth Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Large Cap Growth Portfolio

- **b. Series identification number, if any:** S000016935

- **c. LEI:** 549300V544YNFV1OTM53

- **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?:** 2

- **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                 | C000047118                                | QLMLOX                       |
|                           2 | Class II                | C000047119                                | LVLGX                        |

**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

- [ ] 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 22d-1 (17 CFR 270.22d-1)

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

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

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

- 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:** FRANKLIN TEMPLETON FUND ADVISER, 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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 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:** 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:** 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 2**

- **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: 3**

- **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.**

**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:** $2,243.64

**Brokers Record: 2**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,480.36

**Brokers Record: 3**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,783.21

**Brokers Record: 4**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,740.51

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,465.78

**Brokers Record: 6**

- **i. Full name of broker:** BERNSTEIN INSTITUTIONAL SERVICES LLC

- **ii. SEC file number:** 008-71053

- **iii. CRD number:** 000317807

- **iv. LEI, if any:** 2549006LECDZGK4RBC19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,026.01

**Brokers Record: 7**

- **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:** $6,330.98

**Brokers Record: 8**

- **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:** $827.80

**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:** $2,856.92

**Brokers Record: 10**

- **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:** $4,021.42

**Aggregate Commission:** $36,413.05

- **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:** $562,097,970.22

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 2 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 4 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 6 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 7 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 10 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 12 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 13 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 14 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 15 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 16 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 18 Name of institution:** THE BANK OF NEW YORK MELLON

- **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 Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| International Equity Series                                            | 811-06135         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin International Equity Fund                                     | 811-22338         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Templeton International Bond Fund                                      | 811-04706         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Research Fund                                                | 811-05346         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Templeton World Fund                                                   | 811-02781         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Western Asset Income Fund                                              | 811-04254         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin International Growth Fund                                     | 811-10157         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam Research Fund                                                   | 811-07237         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset California Municipals Fund                               | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |

- **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 - ClearBridge Variable Small Cap Growth Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Small Cap Growth Portfolio

- **b. Series identification number, if any:** S000017007

- **c. LEI:** 5493004OQFKBTJT2N744

- **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?:** 2

- **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 II                | C000047263                                | QLMSTX                       |
|                           2 | Class I                 | C000047262                                | QLMSIX                       |

**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

- [ ] 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 22d-1 (17 CFR 270.22d-1)

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

- Rule 18f-4 (17 CFR 270.18f-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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **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: 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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 5**

- **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: 6**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**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:** JONESTRADING

- **ii. SEC file number:** 008-26089

- **iii. CRD number:** 000006888

- **iv. LEI, if any:** 2138008JJ5PA8H5UIL69

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,992.17

**Brokers Record: 2**

- **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:** $6,489.24

**Brokers Record: 3**

- **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:** $15,866.32

**Brokers Record: 4**

- **i. Full name of broker:** ROBERT W. BAIRD & CO. INC.

- **ii. SEC file number:** 008-00497

- **iii. CRD number:** 000008158

- **iv. LEI, if any:** 549300772UJAHRD6LO53

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,219.76

**Brokers Record: 5**

- **i. Full name of broker:** Stifel, Nicolaus & Co., Inc.

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,108.61

**Brokers Record: 6**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,288.26

**Brokers Record: 7**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,759.64

**Brokers Record: 8**

- **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:** $12,488.11

**Brokers Record: 9**

- **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:** $7,877.72

**Brokers Record: 10**

- **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:** $7,470.88

**Aggregate Commission:** $147,292.05

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

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities LLC       | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $753,393.00               |
| BOFA SECURITIES, INC.            | 008-69787         |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,665,906.00             |
| SUSQUEHANNA FINANCIAL GROUP LLLP | 008-44325         |    000035865 | 549300E8QX0ZMRDC2M81 | PA      | US        | $2,029,000.00             |
| MORGAN STANLEY & CO. LLC         | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $1,033,022.00             |
| CitiGroup Global Markets Inc.    | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $310,552.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,791,873.00

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

- **Item C.19.a - Fund's monthly average net assets:** $405,532,108.71

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 4 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 6 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NEW YORK MELLON

  - **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:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 11 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 12 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 14 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 15 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 16 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 17 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 18 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 Floating Rate Master Series                                   | 811-09869         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| International Equity Series                                            | 811-06135         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Templeton World Fund                                                   | 811-02781         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Income Fund                                                   | 811-00537         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin High Income Fund                                              | 811-01608         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam High Yield Fund                                                 | 811-04616         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Growth Fund                                                   | 811-00537         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| ClearBridge Select Fund                                                | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Managed Income fund                                           | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam Money Market Fund                                               | 811-02608         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |

- **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: 4 - ClearBridge Variable Growth Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Growth Portfolio

- **b. Series identification number, if any:** S000016933

- **c. LEI:** 549300XX7SJ7U4LN3L17

- **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?:** 2

- **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 II                | C000047116                                | QLMGTX                       |
|                           2 | Class I                 | C000047115                                | QLMGOX                       |

**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

- [ ] 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?** No

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

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

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 4**

- **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: 5**

- **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: 6**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**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:** 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:** $879.05

**Brokers Record: 2**

- **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:** $1,899.76

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,556.28

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,451.60

**Brokers Record: 5**

- **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:** $1,444.76

**Brokers Record: 6**

- **i. Full name of broker:** NATIONAL FINANCIAL SERVICES LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $768.48

**Brokers Record: 7**

- **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:** $1,948.92

**Brokers Record: 8**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,579.36

**Brokers Record: 9**

- **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:** $2,055.40

**Brokers Record: 10**

- **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:** $717.87

**Aggregate Commission:** $16,733.31

- **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:** $142,292,212.94

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 3 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 5 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 6 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 8 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 9 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 13 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 14 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 15 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 17 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 18 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 LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam International Equity Fund                                       | 811-06190         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam International Value Fund                                        | 811-07513         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin International Equity Fund                                     | 811-22338         |
| International Equity Series                                            | 811-06135         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Templeton International Bond Fund                                      | 811-04706         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin International Growth Fund                                     | 811-10157         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam Income Fund                                                     | 811-00653         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |

- **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: 5 - Franklin Multi-Asset Variable Conservative Growth

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

- **a. Full Name of the Fund:** Franklin Multi-Asset Variable Conservative Growth

- **b. Series identification number, if any:** S000017009

- **c. LEI:** 5493004Z8YFHFVN7UJ68

- **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?:** 2

- **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 II                | C000183009                                | QVCIIX                       |
|                           2 | Class I                 | C000047266                                | QLMLFX                       |

**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

- [x] 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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

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

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

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

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

- **b. Were any expenses reduced or waived?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 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:** 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**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:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,715.90

**Brokers Record: 2**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $635.18

**Brokers Record: 3**

- **i. Full name of broker:** JANE STREET CAPITAL, LLC

- **ii. SEC file number:** 008-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,570.69

**Brokers Record: 4**

- **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:** $642.77

**Aggregate Commission:** $9,564.54

- **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:** $75,405,898.05

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 3 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 7 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 8 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 9 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 11 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 13 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 15 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 16 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 17 Name of institution:** THE BANK OF NEW YORK MELLON

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

- **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   |
|:---|:---|
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Templeton World Fund                                                   | 811-02781         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Putnam International Equity Fund                                       | 811-06190         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin High Income Fund                                              | 811-01608         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Equity Income Fund                                            | 811-04986         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Templeton International Bond Fund                                      | 811-04706         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| International Equity Series                                            | 811-06135         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin International Growth Fund                                     | 811-10157         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Western Asset California Municipals Fund                               | 811-04254         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Putnam VT High Yield Fund                                              | 811-05346         |

- **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: 6 - ClearBridge Variable Appreciation Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Appreciation Portfolio

- **b. Series identification number, if any:** S000017013

- **c. LEI:** 549300JPS8VIXKYYNE50

- **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?:** 2

- **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                 | C000047270                                | QLMAOX                       |
|                           2 | Class II                | C000053699                                | CVAPX                        |

**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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

- Rule 22d-1 (17 CFR 270.22d-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:** FRANKLIN TEMPLETON FUND ADVISER, 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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**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:** 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:** $1,467.56

**Brokers Record: 2**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $703.08

**Brokers Record: 3**

- **i. Full name of broker:** Stifel, Nicolaus & Co., Inc.

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $786.92

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,895.67

**Brokers Record: 5**

- **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:** $7,162.83

**Brokers Record: 6**

- **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:** $15,497.24

**Brokers Record: 7**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $548.28

**Brokers Record: 8**

- **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:** $1,317.56

**Brokers Record: 9**

- **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:** $1,317.20

**Brokers Record: 10**

- **i. Full name of broker:** BERNSTEIN INSTITUTIONAL SERVICES LLC

- **ii. SEC file number:** 008-71053

- **iii. CRD number:** 000317807

- **iv. LEI, if any:** 2549006LECDZGK4RBC19

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,192.69

**Aggregate Commission:** $54,453.81

- **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:** $1,168,853,412.95

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 2 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 3 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

  - **Line Institutions Record: 5 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 6 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 7 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 8 Name of institution:** DEUTSCHE BANK AG

  - **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:** CITIBANK, N.A.

  - **Line Institutions Record: 12 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 13 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** MORGAN STANLEY BANK, N.A.

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

  - **Line Institutions Record: 16 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 17 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 18 Name of institution:** STANDARD CHARTERED BANK

- **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   |
|:---|:---|
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Research Fund                                                   | 811-07237         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam VT Income Fund                                                  | 811-05346         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Total Return Fund                                             | 811-04986         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam Money Market Fund                                               | 811-02608         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Income Fund                                                     | 811-00653         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam Global Income Trust                                             | 811-04524         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam VT Research Fund                                                | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin International Equity Fund                                     | 811-22338         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| International Equity Series                                            | 811-06135         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |

- **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: 7 - Franklin Templeton Moderately Aggressive Model Portfolio

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

- **a. Full Name of the Fund:** Franklin Templeton Moderately Aggressive Model Portfolio

- **b. Series identification number, if any:** S000068274

- **c. LEI:** 5493001JQ7JYNCZAGH30

- **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?:** 2

- **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                 | C000218581                                | QLMACX                       |
|                           2 | Class II                | C000218580                                | QLMADX                       |

**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

- [x] 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

- [ ] 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 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

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

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

- 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?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 3**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 5**

- **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: 6**

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**Item C.16. Brokers.**

No Brokers reported.

- **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'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,457,380,134.37

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 2 Name of institution:** BANK OF AMERICA, 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:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 7 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 8 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 10 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 11 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 15 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 16 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 17 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 18 Name of institution:** BARCLAYS BANK PLC

- **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   |
|:---|:---|
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Income Fund                                                   | 811-00537         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Putnam Research Fund                                                   | 811-07237         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Putnam VT Research Fund                                                | 811-05346         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam International Equity Fund                                       | 811-06190         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Utilities Fund                                                | 811-00537         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Putnam International Value Fund                                        | 811-07513         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| ClearBridge Growth Fund                                                | 811-06444         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Growth Fund                                                   | 811-00537         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Total Return Fund                                             | 811-04986         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Templeton International Bond Fund                                      | 811-04706         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Templeton Foreign Fund                                                 | 811-02781         |
| International Equity Series                                            | 811-06135         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam Money Market Fund                                               | 811-02608         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Managed Income fund                                           | 811-04986         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Western Asset Income Fund                                              | 811-04254         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| ClearBridge International Value Fund                                   | 811-06444         |

- **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: 8 - ClearBridge Variable Dividend Strategy Portfolio

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

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

- **b. Series identification number, if any:** S000008304

- **c. LEI:** 5493002UOIQFVG3SUR80

- **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?:** 2

- **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 II                | C000022693                                | QLMETX                       |
|                           2 | Class I                 | C000047600                                | QLMEIX                       |

**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

- [ ] 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 32a-4 (17 CFR 270.32a-4)

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

- 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?** No

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

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 2**

- **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: 3**

- **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.**

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

**Brokers Record: 1**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,605.68

**Brokers Record: 2**

- **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:** $10,869.77

**Brokers Record: 3**

- **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:** $6,932.90

**Brokers Record: 4**

- **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:** $6,903.97

**Brokers Record: 5**

- **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:** $10,090.24

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,190.59

**Brokers Record: 7**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,472.64

**Brokers Record: 8**

- **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:** $5,036.24

**Brokers Record: 9**

- **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:** $5,255.44

**Brokers Record: 10**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,813.28

**Aggregate Commission:** $97,990.39

- **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:** $450,551,244.31

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 4 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA

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

  - **Line Institutions Record: 9 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 10 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 11 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 12 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 13 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 16 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 17 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 18 Name of institution:** STANDARD CHARTERED BANK

- **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   |
|:---|:---|
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Western Asset Bond ETF                                                 | 811-23124         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| International Equity Series                                            | 811-06135         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Putnam Money Market Fund                                               | 811-02608         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Utilities Fund                                                | 811-00537         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Templeton International Bond Fund                                      | 811-04706         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam International Value Fund                                        | 811-07513         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin Managed Income fund                                           | 811-04986         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Income Fund                                                   | 811-00537         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin International Equity Fund                                     | 811-22338         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |

- **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: 9 - ClearBridge Variable Mid Cap Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Mid Cap Portfolio

- **b. Series identification number, if any:** S000016937

- **c. LEI:** 549300V25RD6Q1KR3694

- **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?:** 2

- **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 II                | C000047122                                | QLMPTX                       |
|                           2 | Class I                 | C000047121                                | QLMMIX                       |

**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

- [ ] 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(c)(4) (17CFR 270.18f-4(c)(4))

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

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

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

- 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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **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: 2**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 5**

- **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: 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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 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.**

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

**Brokers Record: 1**

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

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,235.88

**Brokers Record: 2**

- **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:** $9,800.63

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,211.55

**Brokers Record: 4**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,618.88

**Brokers Record: 5**

- **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:** $5,115.39

**Brokers Record: 6**

- **i. Full name of broker:** RBC CAPITAL MARKETS, LLC

- **ii. SEC file number:** 008-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,549.40

**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:** $4,234.24

**Brokers Record: 8**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,216.96

**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:** $8,358.06

**Brokers Record: 10**

- **i. Full name of broker:** Stifel, Nicolaus & Co., Inc.

- **ii. SEC file number:** 008-01447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,921.88

**Aggregate Commission:** $83,401.19

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

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MORGAN STANLEY & CO. LLC   | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $1,347,777.00             |
| J.P. Morgan Securities LLC | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $457,255.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,805,032.00

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

- **Item C.19.a - Fund's monthly average net assets:** $262,854,667.16

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 3 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 4 Name of institution:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 6 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 8 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 9 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 10 Name of institution:** UMB BANK, N.A.

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

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 15 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 16 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 17 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 18 Name of institution:** STANDARD CHARTERED BANK

- **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   |
|:---|:---|
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Income Fund                                                   | 811-00537         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| ClearBridge Select Fund                                                | 811-06444         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Templeton International Bond Fund                                      | 811-04706         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Templeton Global Bond Fund                                             | 811-04706         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin International Growth Fund                                     | 811-10157         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Templeton World Fund                                                   | 811-02781         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Western Asset Income Fund                                              | 811-04254         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Global Income Trust                                             | 811-04524         |
| Putnam International Value Fund                                        | 811-07513         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| International Equity Series                                            | 811-06135         |

- **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: 10 - Franklin Templeton Moderately Conservative Model Portfolio

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

- **a. Full Name of the Fund:** Franklin Templeton Moderately Conservative Model Portfolio

- **b. Series identification number, if any:** S000068275

- **c. LEI:** 549300PJG3C9WJK3OL06

- **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?:** 2

- **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                 | C000218582                                | QLMAGX                       |
|                           2 | Class II                | C000218583                                | QLMAHX                       |

**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

- [x] 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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

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

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

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

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

- **b. Were any expenses reduced or waived?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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:** 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:** 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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**Item C.16. Brokers.**

No Brokers reported.

- **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'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $462,251,017.07

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 4 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 9 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

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

  - **Line Institutions Record: 11 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 12 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 13 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 15 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 16 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 17 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 18 Name of institution:** MORGAN STANLEY BANK, N.A.

- **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   |
|:---|:---|
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam International Equity Fund                                       | 811-06190         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Income Fund                                                     | 811-00653         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam International Value Fund                                        | 811-07513         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin High Income Fund                                              | 811-01608         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Western Asset High Yield Fund                                          | 811-06110         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin Managed Income fund                                           | 811-04986         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Total Return Fund                                             | 811-04986         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin Utilities Fund                                                | 811-00537         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| ClearBridge Select Fund                                                | 811-06444         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin International Growth Fund                                     | 811-10157         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Money Market Fund                                               | 811-02608         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Templeton International Bond Fund                                      | 811-04706         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| International Equity Series                                            | 811-06135         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam VT Research Fund                                                | 811-05346         |

- **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: 11 - Franklin Multi-Asset Variable Growth

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

- **a. Full Name of the Fund:** Franklin Multi-Asset Variable Growth

- **b. Series identification number, if any:** S000017011

- **c. LEI:** 549300IEUXYIJFUCT167

- **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?:** 1

- **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                 | C000047268                                | QLMLTX                       |

**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

- [x] 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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

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

- 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?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 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:** 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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 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.**

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

**Brokers Record: 1**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $962.65

**Brokers Record: 2**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,674.02

**Brokers Record: 3**

- **i. Full name of broker:** JANE STREET CAPITAL, LLC

- **ii. SEC file number:** 008-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,834.98

**Brokers Record: 4**

- **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:** $242.16

**Aggregate Commission:** $5,713.81

- **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:** $69,755,189.18

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 8 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 9 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 11 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 12 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 13 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 14 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 16 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 17 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 18 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   |
|:---|:---|
| Putnam BDC Income ETF                                                  | 811-23643         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin International Growth Fund                                     | 811-10157         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin High Income Fund                                              | 811-01608         |
| Templeton International Bond Fund                                      | 811-04706         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam International Equity Fund                                       | 811-06190         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Putnam International Value Fund                                        | 811-07513         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| ClearBridge International Value Fund                                   | 811-06444         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Select Fund                                                | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin International Equity Fund                                     | 811-22338         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Western Asset Bond ETF                                                 | 811-23124         |
| International Equity Series                                            | 811-06135         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |

- **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: 12 - Franklin Multi-Asset Variable Moderate Growth

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

- **a. Full Name of the Fund:** Franklin Multi-Asset Variable Moderate Growth

- **b. Series identification number, if any:** S000017010

- **c. LEI:** 549300SKDQ1VU3QRUD94

- **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?:** 1

- **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                 | C000047267                                | QLMLSX                       |

**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

- [x] 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

- [ ] 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 12d1-1 (17 CFR 270.12d1-1)

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

- Rule 22d-1 (17 CFR 270.22d-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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **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: 2**

- **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: 3**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 5**

- **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: 6**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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:** 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

**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:** 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:** $361.05

**Brokers Record: 2**

- **i. Full name of broker:** JANE STREET CAPITAL, LLC

- **ii. SEC file number:** 008-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,180.51

**Brokers Record: 3**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $328.30

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,328.52

**Aggregate Commission:** $3,198.38

- **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:** $28,482,865.02

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 5 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 7 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 8 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 10 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

  - **Line Institutions Record: 12 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 14 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 15 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 16 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 17 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 18 Name of institution:** BARCLAYS BANK PLC

- **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   |
|:---|:---|
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam Research Fund                                                   | 811-07237         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Franklin Managed Income fund                                           | 811-04986         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam International Equity Fund                                       | 811-06190         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| ClearBridge Select Fund                                                | 811-06444         |
| Putnam Income Fund                                                     | 811-00653         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Templeton World Fund                                                   | 811-02781         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset High Yield Fund                                          | 811-06110         |
| International Equity Series                                            | 811-06135         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Total Return Fund                                             | 811-04986         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin International Growth Fund                                     | 811-10157         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Growth Fund                                                   | 811-00537         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Templeton International Bond Fund                                      | 811-04706         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Western Asset Income Fund                                              | 811-04254         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |

- **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: 13 - ClearBridge Variable Large Cap Value Portfolio

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

- **a. Full Name of the Fund:** ClearBridge Variable Large Cap Value Portfolio

- **b. Series identification number, if any:** S000017019

- **c. LEI:** 5493008ZDUQZ3KK1QC69

- **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?:** 2

- **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                 | C000047279                                | QLMVIX                       |

**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

- [ ] 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 32a-4 (17 CFR 270.32a-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?** No

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

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

**Investment Advisers Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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: 3**

- **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: 4**

- **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: 5**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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 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.**

**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:** $1,118.00

**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:** $1,698.04

**Brokers Record: 3**

- **i. Full name of broker:** TD SECURITIES (USA) LLC

- **ii. SEC file number:** 008-36747

- **iii. CRD number:** 000018476

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,164.00

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,185.96

**Brokers Record: 5**

- **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:** $2,686.50

**Brokers Record: 6**

- **i. Full name of broker:** WELLS FARGO SECURITIES, LLC

- **ii. SEC file number:** 008-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,116.00

**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:** $2,233.57

**Brokers Record: 8**

- **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:** $4,197.71

**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:** $7,024.11

**Brokers Record: 10**

- **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:** $1,996.08

**Aggregate Commission:** $30,398.72

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

| Name                    | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $2,688,675.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,688,675.00

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

- **Item C.19.a - Fund's monthly average net assets:** $268,046,354.58

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 2 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 4 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 5 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 6 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 7 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 8 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 11 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 14 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 15 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 16 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 17 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 18 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

- **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 LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam Research Fund                                                   | 811-07237         |
| International Equity Series                                            | 811-06135         |
| Putnam Income Fund                                                     | 811-00653         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Templeton World Fund                                                   | 811-02781         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Utilities Fund                                                | 811-00537         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam VT Research Fund                                                | 811-05346         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin International Growth Fund                                     | 811-10157         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Putnam Money Market Fund                                               | 811-02608         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin High Income Fund                                              | 811-01608         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Western Asset Income Fund                                              | 811-04254         |
| Putnam International Value Fund                                        | 811-07513         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Putnam International Equity Fund                                       | 811-06190         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Global Income Trust                                             | 811-04524         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Total Return Fund                                             | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Federal Limited-Term 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: 14 - Franklin Templeton Aggressive Model Portfolio

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

- **a. Full Name of the Fund:** Franklin Templeton Aggressive Model Portfolio

- **b. Series identification number, if any:** S000068271

- **c. LEI:** 549300NFCDRZGQZD3341

- **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?:** 2

- **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 II                | C000218574                                | QLMABX                       |
|                           2 | Class I                 | C000218575                                | QLMAAX                       |

**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

- [x] 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

- [ ] 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(c)(4) (17CFR 270.18f-4(c)(4))

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

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

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

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

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

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

- **b. Were any expenses reduced or waived?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**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:** 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: 3**

- **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: 4**

- **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: 5**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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:** 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: 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

**Item C.16. Brokers.**

No Brokers reported.

- **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'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,018,925,392.89

**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?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 3 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 4 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 6 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 9 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 10 Name of institution:** HSBC BANK USA, N.A.

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

  - **Line Institutions Record: 12 Name of institution:** CITIBANK, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 15 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 16 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 17 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 18 Name of institution:** THE TORONTO-DOMINION BANK

- **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 Federal Tax-Free Income Fund                                  | 811-03395         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam VT International Value Fund                                     | 811-05346         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Putnam Income Fund                                                     | 811-00653         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Putnam Global Income Trust                                             | 811-04524         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin International Equity Fund                                     | 811-22338         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Putnam International Equity Fund                                       | 811-06190         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin Income Fund                                                   | 811-00537         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Utilities Fund                                                | 811-00537         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Western Asset Income Fund                                              | 811-04254         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Western Asset Bond ETF                                                 | 811-23124         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| International Equity Series                                            | 811-06135         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin High Income Fund                                              | 811-01608         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Putnam Focused International Equity Fund                               | 811-01403         |

- **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: 15 - Franklin Templeton Moderate Model Portfolio

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

- **a. Full Name of the Fund:** Franklin Templeton Moderate Model Portfolio

- **b. Series identification number, if any:** S000068273

- **c. LEI:** 54930032BXZRBBQFVG10

- **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?:** 2

- **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                 | C000218579                                | QLMAEX                       |
|                           2 | Class II                | C000218578                                | QLMAFX                       |

**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

- [x] 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

- [ ] 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(c)(4) (17CFR 270.18f-4(c)(4))

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

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

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

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

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

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

- **b. Were any expenses reduced or waived?** No

- **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:** FRANKLIN TEMPLETON FUND ADVISER, 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:** Western Asset Management Company, LLC

- **ii. SEC file number:** 801-08162

- **iii. CRD number:** 000110441

- **iv. LEI, if any:** 549300C5A561UXUICN46

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

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

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **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

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

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

**Pricing Services Record: 1**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **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:** 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: 3**

- **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: 4**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

- **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:** 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

- **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:** N/A

- **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?** No

**Item C.14. Administrators.**

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

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON FUND ADVISER, 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 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.b - Aggregate value of principal purchase/sale transactions:** $0.00

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

- **Item C.19.a - Fund's monthly average net assets:** $1,714,043,793.02

**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?** Uncommitted

- **ii. What size is the line of credit?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

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

  - **Line Institutions Record: 3 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 5 Name of institution:** UMB BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 11 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 12 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 14 Name of institution:** STANDARD CHARTERED BANK

  - **Line Institutions Record: 15 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 16 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 17 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 18 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   |
|:---|:---|
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin International Equity Fund                                     | 811-22338         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| Templeton World Fund                                                   | 811-02781         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Equity Income Fund                                            | 811-04986         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Western Asset Income Fund                                              | 811-04254         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam Income Fund                                                     | 811-00653         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Putnam Research Fund                                                   | 811-07237         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Franklin Growth Fund                                                   | 811-00537         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Western Asset Bond ETF                                                 | 811-23124         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam VT International Value Fund                                     | 811-05346         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Franklin Income Fund                                                   | 811-00537         |
| ClearBridge Global Infrastructure Income Fund                          | 811-22338         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| Franklin Total Return Fund                                             | 811-04986         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin High Income Fund                                              | 811-01608         |
| Putnam Global Income Trust                                             | 811-04524         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Franklin Global Equity Fund                                            | 811-06444         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Templeton Global Bond Fund                                             | 811-04706         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Putnam VT Research Fund                                                | 811-05346         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge International Growth Fund                                  | 811-22338         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| George Putnam Balanced Fund                                            | 811-00058         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Utilities Fund                                                | 811-00537         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Putnam International Equity Fund                                       | 811-06190         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Franklin Managed Income fund                                           | 811-04986         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| Putnam Money Market Fund                                               | 811-02608         |
| International Equity Series                                            | 811-06135         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |

- **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 Variable Equity Trust

**Date:** 2026-03-11

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer