# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0001752724-23-051607
**Filing Date:** 2023-3
**Character Count:** 203029
**Document Hash:** 9a58d6371a46450eaf5fd0b513a3cdab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-051607.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001752724-23-051607

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**EFFECTIVENESS DATE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 23722102

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-539-0000

**MAIL ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## Series and Classes Contracts Data

### BrandywineGLOBAL - Global Opportunities Bond Fund (Series ID: S000036894)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112917 | Class A      | GOBAX           |
| C000112918 | Class C1     | GOBCX           |
| C000112919 | Class FI     | GOBFX           |
| C000112920 | Class R      | LBORX           |
| C000112921 | Class I      | GOBIX           |
| C000112922 | Class IS     | GOBSX           |
| C000116979 | Class C      | LGOCX           |

### Franklin U.S. Small Cap Equity Fund (Series ID: S000036895)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112923 | Class A      | LMBAX           |
| C000112924 | Class C      | LMBCX           |
| C000112925 | Class FI     | LGSCX           |
| C000112928 | Class I      | LMSIX           |
| C000112929 | Class IS     | LMBMX           |

### BrandywineGLOBAL - Flexible Bond Fund (Series ID: S000053934)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000169730 | Class A      | LFLAX           |
| C000169732 | Class C      | LFLCX           |
| C000169735 | Class I      | LFLIX           |
| C000169736 | Class IS     | LFLSX           |

### BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) (Series ID: S000065088)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000210778 | Class I      | GBUSX           |
| C000210779 | Class IS     | GLOBX           |
| C000210780 | Class A      | GLOAX           |
| C000210781 | Class C      | GLOCX           |

### BrandywineGLOBAL - Small Cap Value Fund (Series ID: S000077329)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237686 | Class IS     | LEGGX           |
| C000237687 | Class I      | LEGFX           |
| C000237688 | Class A      | LEGDX           |
| C000237689 | Class C      | LEGEX           |
| C000237690 | Class R      | LEGHX           |

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of Franklin U.S. Small Cap Equity Fund

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

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

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

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

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

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

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

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 13, 2023

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

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of of Trustees of Legg Mason Global Asset Management Trust and Shareholders of BrandywineGLOBAL – Flexible Bond Fund

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

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

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

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

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

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

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 16, 2023

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

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of BrandywineGLOBAL – Global Opportunities Bond Fund and BrandywineGLOBAL – Global Opportunities Bond Fund (USD Hedged)

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

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

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

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

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

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

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 22, 2023

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

## Internal

**Report of Independent Registered Public Accounting Firm**

To the Board of of Trustees of Legg Mason Global Asset Management Trust and Shareholders of BrandywineGLOBAL – Small Cap Value Fund

In planning and performing our audits of the financial statements of BrandywineGLOBAL – Small Cap Value Fund (the "Fund") as of and for the period August 31, 2022 (inception date) through December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting.

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

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

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

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

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

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 20, 2023

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

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

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001474103

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

**Series ID Record:1**
- **Series ID:** S000065088

**Series ID Record:2**
- **Series ID:** S000036894

**Series ID Record:3**
- **Series ID:** S000036895

**Series ID Record:4**
- **Series ID:** S000053934

**Series ID Record:5**
- **Series ID:** S000077329

**Class ID Record:1**
- **Class ID:** C000210779

**Class ID Record:2**
- **Class ID:** C000210778

**Class ID Record:3**
- **Class ID:** C000210781

**Class ID Record:4**
- **Class ID:** C000210780

**Class ID Record:5**
- **Class ID:** C000112917

**Class ID Record:6**
- **Class ID:** C000112920

**Class ID Record:7**
- **Class ID:** C000112919

**Class ID Record:8**
- **Class ID:** C000112922

**Class ID Record:9**
- **Class ID:** C000112918

**Class ID Record:10**
- **Class ID:** C000116979

**Class ID Record:11**
- **Class ID:** C000112921

**Class ID Record:12**
- **Class ID:** C000112923

**Class ID Record:13**
- **Class ID:** C000112928

**Class ID Record:14**
- **Class ID:** C000112924

**Class ID Record:15**
- **Class ID:** C000112929

**Class ID Record:16**
- **Class ID:** C000112925

**Class ID Record:17**
- **Class ID:** C000169732

**Class ID Record:18**
- **Class ID:** C000169730

**Class ID Record:19**
- **Class ID:** C000169735

**Class ID Record:20**
- **Class ID:** C000169736

**Class ID Record:21**
- **Class ID:** C000237688

**Class ID Record:22**
- **Class ID:** C000237687

**Class ID Record:23**
- **Class ID:** C000237690

**Class ID Record:24**
- **Class ID:** C000237689

**Class ID Record:25**
- **Class ID:** C000237686

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

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

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

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

- **Item B.1.a - Full name of Registrant:** Legg Mason Global Asset Management Trust

- **Item B.1.b - Investment Company Act file number:** 811-22338

- **Item B.1.c - CIK:** 0001474103

- **Item B.1.d - LEI:** 549300BI5I8NVF50DG69

- **Item B.2.a - Street 1:** 100 International Drive

- **Item B.2.b - City:** Baltimore

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

- **Item B.2.e - Zip Code:** 21202

- **Item B.2.f - Telephone:** 1-877-656-3863

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

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

**Location books Record: 1**

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

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

- **Street 2:** 48th Floor

- **c. City:** New York

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

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

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

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

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

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** ClearBridge RARE Infrastructure (North America) PTY Limited

- **b. Street 1:** Level 13, 35 Clarence Street

- **c. City:** Sydney

- **f. Zip code and zip code extension, or foreign postal code:** NSW 2000

- **g. Telephone number:** 61-2-9397-7300

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

**Location books Record: 3**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 4**

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

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

- **Street 2:** Suite 1800

- **c. City:** Philadelphia

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

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

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

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

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

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Legg Mason Global Asset Management Trust

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

- **c. City:** Baltimore

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

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

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

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

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

**Location books Record: 6**

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

- **b. Street 1:** 10 Exchange Square

- **Street 2:** Primrose Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC2A 2EN

- **g. Telephone number:** 44-20-7422-3000

- **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):** The Bank of New York Mellon

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 8**

- **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: 9**

- **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: 10**

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

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

- **c. City:** Wilmington

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

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

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

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

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

**Location books Record: 11**

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

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

- **c. City:** Baltimore

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

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

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

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

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

**Location books Record: 12**

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

- **b. Street 1:** 5-1 Marunouchi

- **Street 2:** 1-Chome Chiyoda-Ku

- **c. City:** Tokyo

- **f. Zip code and zip code extension, or foreign postal code:** 100-6536

- **g. Telephone number:** 81-03-4520-4300

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

**Location books Record: 13**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 14**

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

- **b. Street 1:** Saltire Court

- **Street 2:** 20 Castle Terrace

- **c. City:** Edinburgh

- **f. Zip code and zip code extension, or foreign postal code:** EH1 2ES

- **g. Telephone number:** 44-(0)-131-229-5252

- **h. Briefly describe the books and records kept at this location:** Records related to its function as sub-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:** 19

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                     |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22405, 811-22491, 811-23408, 811-22693, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-07362, 811-21477, 811-22582, 811-05812, 811-22334, 811-22546, 811-23598, 811-21337, 811-21128 |
| Robin J.W. Masters | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| G. Peter O'Brien   | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Paul R. Ades       | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Ken Miller         | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Susan M. Heilbron  | No                      | 811-06444, 811-21128                                                                                                                                                                                                                                                                                                                                                      |
| Andrew L. Breech   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Arnold L. Lehman   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Stephen R. Gross   | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Althea L. Duersten | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |
| Thomas F. Schlafly | No                      | 811-21128, 811-06444                                                                                                                                                                                                                                                                                                                                                      |

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

**Chief compliance officer Record: 1**

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

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

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

- **   Street Address 2:** 8th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10017

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged)

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged)

- **b. Series identification number, if any:** S000065088

- **c. LEI:** 549300L6S6DBTEKQAM63

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class IS                | C000210779                                | GLOBX                        |
|                           2 | Class I                 | C000210778                                | GBUSX                        |
|                           3 | Class C                 | C000210781                                | GLOCX                        |
|                           4 | Class A                 | C000210780                                | GLOAX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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 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:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

**Transfer Agents Record: 2**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

**Pricing Services Record: 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:** THE CLEARING HOUSE PAYMENTS COMPANY L.L.C.

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

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

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

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

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

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

**Pricing Services Record: 9**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 2**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 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

**Broker Dealers Record: 4**

- **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:** 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:** $1,561.06

**Aggregate Commission:** $1,561.06

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

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| HSBC SECURITIES (USA), INC.               | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $36,120,367.01            |
| CAPITAL INSTITUTIONAL SERVICES, INC.      | 008-22273         |    000007551 | 54930061X8RDWFDJIS05 | TX      | US        | $12,414,025.40            |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $72,117,895.40            |
| GOLDMAN SACHS & CO. LLC                   | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $21,724,848.72            |
| BARCLAYS CAPITAL, INC.                    | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $34,936,317.56            |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $38,065,319.25            |
| DEUTSCHE BANK SECURITIES, INC.            | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $45,333,599.38            |
| MORGAN STANLEY & CO. LLC                  | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $57,223,569.37            |
| BMO CAPITAL MARKETS CORP.                 | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $35,497,546.15            |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $36,282,454.52            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $439,845,111.02

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

- **Item C.19.a - Fund's monthly average net assets:** $119,569,370.96

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

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

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

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

**Line of Credit details Record: 1**

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

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

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

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

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 3 Name of institution:** STANDARD CHARTERED BANK

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

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

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

  - **Line Institutions Record: 7 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 8 Name of institution:** CITIBANK, N.A.

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

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

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

  - **Line Institutions Record: 12 Name of institution:** CREDIT SUISSE AG

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

  - **Line Institutions Record: 14 Name of institution:** DEUTSCHE BANK AG

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

  - **Line Institutions Record: 16 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 17 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

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

  - **Line Institutions Record: 20 Name of institution:** BANK OF AMERICA, 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   |
|:---|:---|
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Templeton International Climate Change Fund                    | 811-02781         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Western Asset High Yield Fund                                  | 811-06110         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Dynatech Fund                                         | 811-00537         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| Franklin U.S. Small Cap Equity Fund                            | 811-22338         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset Total Return ETF                                 | 811-23096         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Templeton Foreign Fund                                         | 811-02781         |
| Templeton China World Fund                                     | 811-07876         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| International Equity Series                                    | 811-06135         |
| Franklin Managed Income fund                                   | 811-04986         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Mutual European Fund                                  | 811-05387         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Western Asset Income Fund                                      | 811-04254         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Equity Income Fund                                    | 811-04986         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| ClearBridge International Value Fund                           | 811-06444         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| ClearBridge Value Trust                                        | 811-22338         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |

- **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 - BrandywineGLOBAL - Global Opportunities Bond Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Global Opportunities Bond Fund

- **b. Series identification number, if any:** S000036894

- **c. LEI:** 549300UL6SM15ZRNUZ25

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000112917                                | GOBAX                        |
|                           2 | Class R                 | C000112920                                | LBORX                        |
|                           3 | Class FI                | C000112919                                | GOBFX                        |
|                           4 | Class IS                | C000112922                                | GOBSX                        |
|                           5 | Class C1                | C000112918                                | GOBCX                        |
|                           6 | Class C                 | C000116979                                | LGOCX                        |
|                           7 | Class I                 | C000112921                                | GOBIX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

**Transfer Agents Record: 2**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

**Pricing Services Record: 6**

- **i. Full name:** 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: 7**

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

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

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

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

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

**Pricing Services Record: 8**

- **i. Full name:** 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: 9**

- **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:** 084-01036

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

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

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

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

**Shareholder Servicing Agents Record: 2**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 4**

- **a. Full name:** 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:** 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:** $28,553.97

**Aggregate Commission:** $28,553.97

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

| Name                                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| HSBC SECURITIES (USA), INC.               | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $364,712,796.33           |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $329,329,523.08           |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $914,652,809.38           |
| CAPITAL INSTITUTIONAL SERVICES, INC.      | 008-22273         |    000007551 | 54930061X8RDWFDJIS05 | TX      | US        | $245,707,860.80           |
| MORGAN STANLEY & CO. LLC                  | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $112,741,646.88           |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $576,960,252.87           |
| GOLDMAN SACHS & CO. LLC                   | 008-00129         |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $314,357,624.45           |
| BARCLAYS CAPITAL, INC.                    | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $240,632,984.58           |
| BMO CAPITAL MARKETS CORP.                 | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $125,447,461.38           |
| DEUTSCHE BANK SECURITIES, INC.            | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $586,986,170.94           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,151,251,517.85

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

- **Item C.19.a - Fund's monthly average net assets:** $2,222,175,407.74

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

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

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

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

**Line of Credit details Record: 1**

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

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

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

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

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

  - **Line Institutions Record: 3 Name of institution:** GOLDMAN SACHS BANK USA

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

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

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

  - **Line Institutions Record: 7 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 8 Name of institution:** PNC BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 9 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 10 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 11 Name of institution:** STANDARD CHARTERED BANK

  - **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:** BARCLAYS BANK PLC

  - **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:** CREDIT SUISSE AG

  - **Line Institutions Record: 18 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 19 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 20 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

- **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 Daily Access Fund                       | 811-04986         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| ClearBridge Select Fund                                        | 811-06444         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| Franklin Utilities Fund                                        | 811-00537         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Global Equity Fund                                    | 811-06444         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin U.S. Small Cap Equity Fund                            | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Growth Fund                                           | 811-00537         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| International Equity Series                                    | 811-06135         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| ClearBridge Value Trust                                        | 811-22338         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Templeton World Fund                                           | 811-02781         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Income Fund                                           | 811-00537         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Templeton China World Fund                                     | 811-07876         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Dynatech Fund                                         | 811-00537         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Templeton Developing Markets Trust                             | 811-06378         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| Templeton International Climate Change Fund                    | 811-02781         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin International Growth Fund                             | 811-10157         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Templeton International Bond Fund                              | 811-04706         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Mutual European Fund                                  | 811-05387         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Franklin International Equity Fund                             | 811-22338         |
| BrandywineGLOBAL - High Yield 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: 3 - Franklin U.S. Small Cap Equity Fund

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

- **a. Full Name of the Fund:** Franklin U.S. Small Cap Equity Fund

- **b. Series identification number, if any:** S000036895

- **c. LEI:** 549300T66MRU4LGXY771

- **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?:** 6

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000112923                                | LMBAX                        |
|                           2 | Class I                 | C000112928                                | LMSIX                        |
|                           3 | Class C                 | C000112924                                | LMBCX                        |
|                           4 | Class IS                | C000112929                                | LMBMX                        |
|                           5 | Class FI                | C000112925                                | LGSCX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

- 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?** 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:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

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

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

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

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

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

**Transfer Agents Record: 2**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 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:** 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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

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

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

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

**Pricing Services Record: 9**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 2**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 4**

- **a. Full name:** 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:** 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:** $3,163.35

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000104474

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,491.39

**Brokers Record: 3**

- **i. Full name of broker:** VIRTU AMERICAS LLC

- **ii. SEC file number:** 008-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,584.46

**Brokers Record: 4**

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

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

- **iii. CRD number:** 000016139

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $995.71

**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:** $9,629.43

**Brokers Record: 6**

- **i. Full name of broker:** HSBC SECURITIES (USA) INC.

- **ii. SEC file number:** 008-41562

- **iii. CRD number:** 000019585

- **iv. LEI, if any:** CYYGQCGNHMHPSMRL3R97

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,201.83

**Brokers Record: 7**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 008-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,526.58

**Brokers Record: 8**

- **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:** $22,907.93

**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:** $2,737.60

**Brokers Record: 10**

- **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:** $1,460.78

**Aggregate Commission:** $68,039.33

- **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:** $133,197,914.13

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

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 3 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 4 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 5 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

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

  - **Line Institutions Record: 8 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** CREDIT SUISSE AG

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

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

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

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

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

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

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

  - **Line Institutions Record: 18 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 19 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 20 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   |
|:---|:---|
| Franklin Corefolio Allocation Fund                             | 811-07851         |
| Western Asset Macro Opportunities Fund                         | 811-06110         |
| Templeton Emerging Markets Small Cap Fund                      | 811-08226         |
| Franklin Global Dividend Fund                                  | 811-06444         |
| Western Asset Core Bond Fund                                   | 811-06110         |
| Franklin Floating Rate Income fund                             | 811-09869         |
| Franklin Large Cap Growth VIP Fund                             | 811-05583         |
| Templeton Global Smaller Companies Fund                        | 811-03143         |
| Templeton Global Balanced Fund                                 | 811-08226         |
| Franklin U.S. Government Securities Fund                       | 811-00537         |
| ClearBridge International Small Cap Fund                       | 811-06444         |
| Franklin Moderate Allocation Fund                              | 811-07851         |
| Western Asset Inflation Indexed Plus Bond Fund                 | 811-06110         |
| ClearBridge Variable Aggressive Growth Portfolio               | 811-21128         |
| Western Asset Income Fund                                      | 811-04254         |
| Franklin Global Market Neutral Fund                            | 811-22338         |
| Franklin Templeton Aggressive Model Portfolio                  | 811-21128         |
| ClearBridge Small Cap Fund                                     | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund             | 811-21128         |
| Franklin LifeSmart 2045 Retirement Target Fund                 | 811-07851         |
| Franklin Small Cap Value VIP Fund                              | 811-05583         |
| Franklin Strategic Income VIP Fund                             | 811-05583         |
| Franklin Liberty High Yield Corporate ETF                      | 811-23124         |
| Western Asset Mortgage Total Return Fund                       | 811-04254         |
| Franklin Growth Opportunities Fund                             | 811-06243         |
| ClearBridge Variable Mid Cap Portfolio                         | 811-21128         |
| Western Asset Pennsylvania Municipals Fund                     | 811-04254         |
| Franklin Mutual Beacon Fund                                    | 811-05387         |
| BrandywineGLOBAL - Global Opportunities Bond Fund              | 811-22338         |
| Western Asset Core Plus VIT Portfolio                          | 811-06310         |
| Western Asset Oregon Municipals Fund                           | 811-04254         |
| Franklin Liberty Senior Loan ETF                               | 811-23124         |
| ClearBridge Variable Appreciation Portfolio                    | 811-21128         |
| BrandywineGLOBAL - High Yield Fund                             | 811-06444         |
| ClearBridge Mid Cap Growth Fund                                | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                          | 811-04149         |
| ClearBridge International Growth Fund                          | 811-22338         |
| Western Asset Short-Term Bond Fund                             | 811-04254         |
| Franklin Global Real Estate VIP Fund                           | 811-05583         |
| ClearBridge All Cap Value Fund                                 | 811-06444         |
| Franklin Virginia Tax-Free Income Fund                         | 811-04149         |
| Templeton Foreign VIP Fund                                     | 811-05583         |
| Templeton Growth VIP Fund                                      | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                    | 811-21128         |
| Franklin Missouri Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton SMACS: Series EM                            | 811-08226         |
| ClearBridge International Value Fund                           | 811-06444         |
| Franklin LifeSmart 2030 Retirement Target Fund                 | 811-07851         |
| Templeton Developing Markets VIP Fund                          | 811-05583         |
| Franklin Small Mid-Cap Growth Fund                             | 811-06243         |
| Western Asset Total Return ETF                                 | 811-23096         |
| Franklin Mutual Global Discovery VIP Fund                      | 811-05583         |
| Franklin LifeSmart 2040 Retirement Target Fund                 | 811-07851         |
| Franklin New Jersey Tax-Free Income Fund                       | 811-04149         |
| Franklin Dynatech Fund                                         | 811-00537         |
| ClearBridge Variable Dividend Strategy Portfolio               | 811-21128         |
| Franklin Income Fund                                           | 811-00537         |
| Franklin Income VIP Fund                                       | 811-05583         |
| Franklin Fixed Income Portfolio Fund                           | 811-22801         |
| ClearBridge Small Cap Growth Fund                              | 811-06444         |
| Franklin Templeton SMACS: Series CH                            | 811-06243         |
| Franklin Alabama Tax-Free Income Fund                          | 811-04149         |
| Franklin Multi-Asset Moderate Growth Fund                      | 811-06444         |
| Franklin California Intermediate Term Tax-Free Income Fund     | 811-04356         |
| ClearBridge Select Fund                                        | 811-06444         |
| Templeton Growth Fund, Inc.                                    | 811-04892         |
| Templeton International Climate Change Fund                    | 811-02781         |
| Franklin International Equity Fund                             | 811-22338         |
| Franklin Colorado Tax-Free Income Fund                         | 811-04149         |
| Franklin Templeton Conservative Model Portfolio                | 811-21128         |
| Franklin Mutual U.S. Value Fund                                | 811-05878         |
| Franklin Focused Growth Fund                                   | 811-00537         |
| Franklin Rising Dividends Fund                                 | 811-04894         |
| Western Asset Intermediate-Term Municipals Fund                | 811-04254         |
| Franklin Biotechnology Discovery Fund                          | 811-06243         |
| Templeton Global Bond Fund                                     | 811-04706         |
| Franklin Equity Portfolio Fund                                 | 811-22801         |
| Franklin Floating Rate Master Series                           | 811-09869         |
| ClearBridge Large Cap Value Fund                               | 811-06444         |
| Franklin Federal Limited-Term Tax-Free Income Fund             | 811-04149         |
| Franklin Mutual European Fund                                  | 811-05387         |
| Franklin Gold and Precious Metals Fund                         | 811-01700         |
| Franklin Emerging Market Debt Opportunities Fund               | 811-10157         |
| Foreign Smaller Companies Series                               | 811-06135         |
| Templeton Foreign Fund                                         | 811-02781         |
| Franklin International Growth Fund                             | 811-10157         |
| Western Asset SMASh Series Core Completion Fund                | 811-06740         |
| Franklin MicroCap Value Fund                                   | 811-05878         |
| Franklin Equity Income Fund                                    | 811-04986         |
| Franklin Templeton SMACS: Series H                             | 811-06243         |
| Western Asset Variable Global High Yield Bond Portfolio        | 811-06310         |
| Franklin Oregon Tax-Free Income Fund                           | 811-04149         |
| Franklin Mutual Global Discovery Fund                          | 811-05387         |
| Western Asset Municipal High Income Fund                       | 811-04254         |
| Franklin Natural Resources Fund                                | 811-06243         |
| Franklin High Yield Tax-Free Income Fund                       | 811-04149         |
| Franklin Global Allocation Fund                                | 811-07851         |
| Franklin Maryland Tax-Free Income Fund                         | 811-04149         |
| Franklin Strategic Mortgage Portfolio                          | 811-07288         |
| Franklin Growth Fund                                           | 811-00537         |
| Franklin Connecticut Tax-Free Income Fund                      | 811-04149         |
| Franklin Michigan Tax-Free Income Fund                         | 811-04149         |
| Franklin International Small Cap Fund                          | 811-10157         |
| Western Asset High Yield Fund                                  | 811-06110         |
| Franklin U.S. Government Securities VIP Fund                   | 811-05583         |
| Western Asset Managed Municipals Fund                          | 811-04254         |
| Franklin Global Equity Fund                                    | 811-06444         |
| ClearBridge Variable Small Cap Growth Portfolio                | 811-21128         |
| Franklin North Carolina Tax-Free Income Fund                   | 811-04149         |
| Western Asset Short Duration Municipal Income Fund             | 811-04254         |
| Western Asset Core Plus Bond Fund                              | 811-06110         |
| Franklin Templeton Moderately Aggressive Model Portfolio       | 811-21128         |
| Franklin High Income Fund                                      | 811-01608         |
| Franklin Total Return Fund                                     | 811-04986         |
| Franklin Utilities Fund                                        | 811-00537         |
| ClearBridge Dividend Strategy Fund                             | 811-06444         |
| Franklin Templeton SMACS: Series I                             | 811-06243         |
| Franklin Templeton Moderately Conservative Model Portfolio     | 811-21128         |
| Franklin Rising Dividends VIP Fund                             | 811-05583         |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF                | 811-23124         |
| Franklin Louisiana Tax-Free Income Fund                        | 811-04149         |
| Western Asset New York Municipals Fund                         | 811-04254         |
| Franklin LifeSmart 2060 Retirement Target Fund                 | 811-07851         |
| Franklin Small-Mid Cap Growth VIP Fund                         | 811-05583         |
| Western Asset Short Duration High Income Fund                  | 811-04254         |
| Franklin Multi-Asset Variable Conservative Growth Fund         | 811-21128         |
| BrandywineGLOBAL - Corporate Credit Fund                       | 811-06444         |
| Franklin Allocation VIP Fund                                   | 811-05583         |
| Western Asset SMASh Series TF Fund                             | 811-06740         |
| Franklin New York Intermediate-Term Tax-Free Income Fund       | 811-04787         |
| Western Asset SMASh Series Core Plus Completion Fund           | 811-06740         |
| Franklin K2 Long Short Credit Fund                             | 811-22641         |
| Franklin Minnesota Tax-Free Income Fund                        | 811-04149         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund         | 811-22338         |
| BrandywineGLOBAL - Flexible Bond Fund                          | 811-22338         |
| Franklin New York Tax-Free Income Fund                         | 811-03479         |
| Templeton Sustainable Emerging Markets Bond Fund               | 811-04706         |
| Franklin Adjustable U.S. Government Securities Fund            | 811-04986         |
| BrandywineGLOBAL - Global High Yield Fund                      | 811-22338         |
| Franklin Mutual Shares VIP Fund                                | 811-05583         |
| Franklin VolSmart Allocation VIP Fund                          | 811-05583         |
| Franklin Arizona Tax-Free Income Fund                          | 811-04149         |
| Franklin Small Cap Growth Fund                                 | 811-06243         |
| ClearBridge Sustainability Leaders Fund                        | 811-06444         |
| Templeton International Bond Fund                              | 811-04706         |
| Templeton World Fund                                           | 811-02781         |
| ClearBridge Global Infrastructure Income Fund                  | 811-22338         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund        | 811-04149         |
| Franklin K2 Alternative Strategies Fund                        | 811-22641         |
| Franklin LifeSmart 2020 Retirement Target Fund                 | 811-07851         |
| Franklin Floating Rate Daily Access Fund                       | 811-04986         |
| Western Asset New Jersey Municipals Fund                       | 811-04254         |
| Franklin Municipal Green Bond Fund                             | 811-04149         |
| Franklin Strategic Real Return Fund                            | 811-22338         |
| Franklin Mutual Shares Fund                                    | 811-05387         |
| Templeton Developing Markets Trust                             | 811-06378         |
| ClearBridge Aggressive Growth Fund                             | 811-06444         |
| Franklin LifeSmart 2055 Retirement Target Fund                 | 811-07851         |
| Franklin Conservative Allocation Fund                          | 811-07851         |
| Western Asset SMASh Series C Fund                              | 811-06740         |
| Western Asset Corporate Bond Fund                              | 811-04254         |
| ClearBridge Variable Large Cap Growth Portfolio                | 811-21128         |
| Franklin Real Estate Securities Fund                           | 811-08034         |
| Western Asset Total Return Unconstrained Fund                  | 811-06110         |
| Western Asset Massachusetts Municipals Fund                    | 811-04254         |
| Franklin LifeSmart Retirement Income Fund                      | 811-07851         |
| Franklin LifeSmart 2025 Retirement Target Fund                 | 811-07851         |
| Martin Currie Emerging Markets Fund                            | 811-22338         |
| Franklin DynaTech VIP Fund                                     | 811-05583         |
| Franklin Mutual Quest Fund                                     | 811-05387         |
| Franklin California Tax-Free Income Fund                       | 811-02790         |
| Templeton Global Total Return Fund                             | 811-04706         |
| Martin Currie Sustainable International Equity ETF             | 811-23124         |
| Western Asset SMASh Series M Fund                              | 811-06740         |
| Western Asset Intermediate Maturity California Municipals Fund | 811-04254         |
| Franklin Managed Income fund                                   | 811-04986         |
| Franklin U.S. Large Cap Equity Fund                            | 811-06444         |
| Western Asset California Municipals Fund                       | 811-04254         |
| Franklin Low Duration Total Return Fund                        | 811-04986         |
| ClearBridge Variable Large Cap Value Portfolio                 | 811-21128         |
| Franklin Multi-Asset Conservative Growth Fund                  | 811-06444         |
| Franklin Growth and Income VIP Fund                            | 811-05583         |
| Franklin Multi-Asset Variable Growth Fund                      | 811-21128         |
| Franklin Pennsylvania Tax-Free Income Fund                     | 811-04149         |
| ClearBridge Appreciation Fund                                  | 811-06444         |
| Franklin Multi-Asset Defensive Growth Fund                     | 811-06444         |
| Western Asset Emerging Markets Debt Fund                       | 811-04254         |
| Franklin California High Yield Municipal Fund                  | 811-06481         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund              | 811-22338         |
| Martin Currie SMASh Series EM Fund                             | 811-22338         |
| Franklin LifeSmart 2050 Retirement Target Fund                 | 811-07851         |
| ClearBridge Large Cap Growth Fund                              | 811-06444         |
| International Equity Series                                    | 811-06135         |
| Franklin Convertible Securities Fund                           | 811-04986         |
| Franklin Ohio Tax-Free Income Fund                             | 811-04149         |
| Franklin Mutual Financial Services Fund                        | 811-05387         |
| Franklin LifeSmart 2035 Retirement Target Fund                 | 811-07851         |
| Franklin Federal Tax-Free Income Fund                          | 811-03395         |
| Franklin Small Cap Value Fund                                  | 811-05878         |
| ClearBridge Small Cap Value Fund                               | 811-06444         |
| Franklin Growth Allocation Fund                                | 811-07851         |
| Franklin S&P 500 Index Fund                                    | 811-06444         |
| Western Asset Intermediate Maturity New York Municipals Fund   | 811-04254         |
| Western Asset Intermediate Bond Fund                           | 811-06110         |
| Franklin Massachusetts Tax-Free Income Fund                    | 811-04149         |
| Templeton China World Fund                                     | 811-07876         |
| Templeton Global Bond VIP Fund                                 | 811-05583         |
| Franklin Multi-Asset Growth Fund                               | 811-06444         |
| Western Asset Ultra-Short Income Fund                          | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                      | 811-06444         |
| BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 811-22338         |
| ClearBridge Mid Cap Fund                                       | 811-06444         |
| BrandywineGLOBAL - Alternative Credit Fund                     | 811-22338         |
| Western Asset Short Duration Income ETF                        | 811-23096         |
| Franklin Templeton SMACS: Series E                             | 811-06243         |
| Franklin Strategic Income Fund                                 | 811-06243         |
| ClearBridge Value Trust                                        | 811-22338         |

- **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 - BrandywineGLOBAL - Flexible Bond Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Flexible Bond Fund

- **b. Series identification number, if any:** S000053934

- **c. LEI:** 549300LKGPDL1FZO8D31

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000169732                                | LFLCX                        |
|                           2 | Class A                 | C000169730                                | LFLAX                        |
|                           3 | Class I                 | C000169735                                | LFLIX                        |
|                           4 | Class IS                | C000169736                                | LFLSX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

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

- Rule 22d-1 (17 CFR 270.22d-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?** Yes

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

**Transfer Agents Record: 2**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 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:** IHS MARKIT GROUP HOLDINGS LIMITED

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

- **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: 9**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 2**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000027884

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 4**

- **a. Full name:** Franklin 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:** 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:** $6,961.53

**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:** $314.16

**Aggregate Commission:** $7,275.69

**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        | $41,538,095.03            |
| CitiGroup Global Markets Inc.             | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $87,754,814.53            |
| Merrill Lynch Professional Clearing Corp. | 008-33359         |    000016139 | 549300PMHS66E71I2D34 | NY      | US        | $45,925,263.99            |
| BARCLAYS CAPITAL, INC.                    | 008-41342         |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $40,119,370.98            |
| WELLS FARGO SECURITIES, LLC               | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $10,861,772.88            |
| DEUTSCHE BANK SECURITIES, INC.            | 008-17822         |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $38,046,439.94            |
| HSBC SECURITIES (USA), INC.               | 008-41562         |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $51,852,247.15            |
| BMO CAPITAL MARKETS CORP.                 | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $62,020,747.46            |
| J.P. Morgan Securities LLC                | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $57,147,217.23            |
| MORGAN STANLEY & CO. LLC                  | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $21,758,777.56            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $534,431,302.55

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

- **Item C.19.a - Fund's monthly average net assets:** $230,857,676.46

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

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 2 Name of institution:** CREDIT SUISSE AG

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

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

  - **Line Institutions Record: 5 Name of institution:** STANDARD CHARTERED 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:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 11 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

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

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

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

  - **Line Institutions Record: 16 Name of institution:** GOLDMAN SACHS BANK USA

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

  - **Line Institutions Record: 18 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 19 Name of institution:** THE TORONTO-DOMINION BANK

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

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

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

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

- **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 - BrandywineGLOBAL - Small Cap Value Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Small Cap Value Fund

- **b. Series identification number, if any:** S000077329

- **c. LEI:** 2549004YOZ76V8SADW66

- **d. Is this the first filing on this form by the Fund?:** Yes

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

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

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 5

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000237688                                | LEGDX                        |
|                           2 | Class I                 | C000237687                                | LEGFX                        |
|                           3 | Class R                 | C000237690                                | LEGHX                        |
|                           4 | Class C                 | C000237689                                | LEGEX                        |
|                           5 | Class IS                | C000237686                                | LEGGX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

- 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 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:** Legg Mason Partners Fund Advisor, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

**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?** Yes

**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:** 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:** Refinitiv US LLC

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

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

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

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

**Pricing Services Record: 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:** Virtu Financial, Inc.

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

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

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

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

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

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

**Pricing Services Record: 8**

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

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

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

**Pricing Services Record: 9**

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

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

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

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

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

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**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?** Yes

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**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

**Broker Dealers Record: 4**

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

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

- **c. CRD number:** 000027884

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $225.44

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000016139

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $597.54

**Brokers Record: 3**

- **i. Full name of broker:** VIRTU AMERICAS LLC

- **ii. SEC file number:** 008-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,074.36

**Brokers Record: 4**

- **i. Full name of broker:** Stephens, Inc.

- **ii. SEC file number:** 008-01927

- **iii. CRD number:** 000003496

- **iv. LEI, if any:** 213800LH6T9XDYZCA534

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,229.64

**Brokers Record: 5**

- **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:** $721.68

**Brokers Record: 6**

- **i. Full name of broker:** Truist Securities, Inc.

- **ii. SEC file number:** 008-17212

- **iii. CRD number:** 000006271

- **iv. LEI, if any:** CSVTK36R0PNGXEM7NS14

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $240.60

**Brokers Record: 7**

- **i. Full name of broker:** STIFEL NICHOLAS & 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:** $523.10

**Brokers Record: 8**

- **i. Full name of broker:** KEEFE, BRUYETTE & WOODS, INC.

- **ii. SEC file number:** 008-10888

- **iii. CRD number:** 000000481

- **iv. LEI, if any:** 549300OM47DQV01G4854

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $197.09

**Brokers Record: 9**

- **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:** $275.70

**Brokers Record: 10**

- **i. Full name of broker:** LIQUIDNET, INC.

- **ii. SEC file number:** 008-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $782.40

**Aggregate Commission:** $6,440.02

- **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:** $15,611,748.20

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

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

- **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 Global Asset Management Trust

**Date:** 2023-03-10

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer