# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-25-012198
**Filing Date:** 2025-12
**Character Count:** 196970
**Document Hash:** 0f0213e737a5cee3b4293010deb8bb1f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012198.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0000940400-25-012198

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**EFFECTIVENESS DATE**: 20251208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103

**ORGANIZATION NAME:**
- **EIN:** 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:** 251555469

**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 - Diversified US Large Cap Value Fund (Series ID: S000029727)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000091408 | Class A      | LBWAX           |
| C000091409 | Class C      | LBWCX           |
| C000091411 | Class R      | LBDRX           |
| C000091413 | Class I      | LBWIX           |
| C000091414 | Class IS     | LBISX           |

### Franklin International Equity Fund (Series ID: S000036893)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112910 | Class FI     | LGFEX           |
| C000112911 | Class R      | LMIRX           |
| C000112913 | Class I      | LGIEX           |
| C000112914 | Class IS     | LIESX           |
| C000112915 | Class A      | LMEAX           |
| C000112916 | Class C      | LMGEX           |

### ClearBridge Emerging Markets Fund (Series ID: S000049068)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000154769 | Class A      | MACEX           |
| C000154771 | Class C      | MCECX           |
| C000154772 | Class FI     | MEFIX           |
| C000154774 | Class I      | MCEIX           |
| C000154775 | Class IS     | MCEMX           |

### ClearBridge Global Infrastructure Income Fund (Series ID: S000053331)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000167781 | Class A      | RGAVX           |
| C000167783 | Class C      | CBGAX           |
| C000167786 | Class I      | RGIVX           |
| C000167787 | Class IS     | RGSVX           |

## Internal

Converted from PDF <br> Report of Independent Registered Public Accounting Firm<br>To the Board of Trustees of Legg Mason Global Asset Management Trust and Shareholders of BrandywineGLOBAL — Diversified US Large Cap Value Fund, ClearBridge Emerging Markets Fund, ClearBridge Global Infrastructure Income Fund and Franklin International Equity Fund.<br>In planning and performing our audit of the financial statements of BrandywineGLOBAL — Diversified US Large Cap Value Fund, ClearBridge Emerging Markets Fund, ClearBridge Global Infrastructure Income Fund and Franklin International Equity Fund (each a series of Legg Mason Global Asset Management Trust, hereafter referred to as the "Funds") as of and for the year ended September 30, 2025, 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.<br>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.<br>Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.<br>A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.<br>Our consideration of the 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 September 30, 2025.<br>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.<br>/s/PricewaterhouseCoopers LLP<br> Baltimore, Maryland<br> November 20, 2025<br>PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, Maryland 21202<br> T: (410) 783 7600, 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:** S000049068

**Series ID Record:2**
- **Series ID:** S000036893

**Series ID Record:3**
- **Series ID:** S000053331

**Series ID Record:4**
- **Series ID:** S000029727

**Class ID Record:1**
- **Class ID:** C000154771

**Class ID Record:2**
- **Class ID:** C000154772

**Class ID Record:3**
- **Class ID:** C000154775

**Class ID Record:4**
- **Class ID:** C000154769

**Class ID Record:5**
- **Class ID:** C000154774

**Class ID Record:6**
- **Class ID:** C000112916

**Class ID Record:7**
- **Class ID:** C000112915

**Class ID Record:8**
- **Class ID:** C000112913

**Class ID Record:9**
- **Class ID:** C000112911

**Class ID Record:10**
- **Class ID:** C000112914

**Class ID Record:11**
- **Class ID:** C000112910

**Class ID Record:12**
- **Class ID:** C000167786

**Class ID Record:13**
- **Class ID:** C000167781

**Class ID Record:14**
- **Class ID:** C000167787

**Class ID Record:15**
- **Class ID:** C000167783

**Class ID Record:16**
- **Class ID:** C000091408

**Class ID Record:17**
- **Class ID:** C000091414

**Class ID Record:18**
- **Class ID:** C000091409

**Class ID Record:19**
- **Class ID:** C000091411

**Class ID Record:20**
- **Class ID:** C000091413

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

**Item A.1.a - Report for period ending:** 2025-09-30

**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:** One Madison Avenue

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

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

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

- **Item B.2.f - Telephone:** 1-800-691-6960

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

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

**Location books Record: 1**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-650-312-3000

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

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** 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: 3**

- **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: 4**

- **a. Name of person (e.g., a custodian of records):** ClearBridge Investment Management Limited

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

- **c. City:** Edinburgh

- **f. Zip code and zip code extension, or foreign postal code:** EH3 8BH

- **g. Telephone number:** 0131 229 5252

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

**Location books Record: 5**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 6**

- **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: 7**

- **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: 8**

- **a. Name of person (e.g., a custodian of records):** CLEARBRIDGE INVESTMENTS (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: 9**

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

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

- **Street 2:** 18th Floor

- **c. City:** New York

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

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

- **f. Zip code and zip code extension, or foreign postal code:** 10010

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

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

**Location books Record: 10**

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

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

- **c. City:** San Mateo

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

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

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

- **g. Telephone number:** 1-800-632-2350

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

**Location books Record: 11**

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

- **b. Street 1:** One Madison 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:** 10010

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 12

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

### Item B.8 - Directors

| Name               | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                         |
|:---|:---|:---|
| Jane Trust         | Yes                     | 811-06740, 811-23930, 811-21403, 811-05497, 811-07920, 811-08709, 811-06506, 811-06310, 811-02351, 811-22444, 811-10407, 811-21467, 811-22294, 811-21343, 811-22491, 811-23408, 811-06444, 811-10603, 811-22369, 811-06629, 811-04052, 811-04254, 811-06110, 811-21477, 811-22334, 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                                                                                                                                                                                                                                                                                                          |
| 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                                                                                                                                                                                                                                                                                                          |
| 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:** One Madison Avenue

- **   Street Address 2:** 17th Floor

- **d. City:** New York

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

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

- **g. Zip code:** 10010

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000109064

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - ClearBridge Emerging Markets Fund

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

- **a. Full Name of the Fund:** ClearBridge Emerging Markets Fund

- **b. Series identification number, if any:** S000049068

- **c. LEI:** 549300LXJ7W7M1ZPVA04

- **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 C                 | C000154771                                | MCECX                        |
|                           2 | Class FI                | C000154772                                | MEFIX                        |
|                           3 | Class IS                | C000154775                                | MCEMX                        |
|                           4 | Class A                 | C000154769                                | MACEX                        |
|                           5 | Class I                 | C000154774                                | MCEIX                        |

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110441

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

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

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

**Sub-adviser Record: 2**

- **i. Full name:** ClearBridge Investment Management Limited

- **ii. SEC file number:** 801-65715

- **iii. CRD number:** 000139012

- **iv. LEI, if any:** 549300BZQ6CXNOPQ8E95

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,570.62

**Brokers Record: 2**

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

- **ii. SEC file number:** 008-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,852.80

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,910.33

**Brokers Record: 4**

- **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:** $21,662.48

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,815.64

**Brokers Record: 6**

- **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:** $8,549.14

**Brokers Record: 7**

- **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:** $6,356.91

**Brokers Record: 8**

- **i. Full name of broker:** MACQUARIE CAPITAL (USA), INC.

- **ii. SEC file number:** 008-47198

- **iii. CRD number:** 000036368

- **iv. LEI, if any:** 549300670K07JRB5UQ40

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $34,931.13

**Brokers Record: 9**

- **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:** $9,643.27

**Brokers Record: 10**

- **i. Full name of broker:** CLSA AMERICAS, LLC

- **ii. SEC file number:** 008-69166

- **iii. CRD number:** 000165533

- **iv. LEI, if any:** 213800M2DXATWY7JMS07

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,212.07

**Aggregate Commission:** $188,799.78

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

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

- **Item C.19.a - Fund's monthly average net assets:** $356,861,345.17

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

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

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

  - **Line Institutions Record: 3 Name of institution:** THE TORONTO-DOMINION BANK

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

  - **Line Institutions Record: 5 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 6 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 7 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

  - **Line Institutions Record: 9 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** GOLDMAN SACHS BANK USA

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

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

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

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

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

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

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

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

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

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

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

- **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 - Franklin International Equity Fund

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

- **a. Full Name of the Fund:** Franklin International Equity Fund

- **b. Series identification number, if any:** S000036893

- **c. LEI:** 549300NLP1WLJBNEZJ22

- **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 C                 | C000112916                                | LMGEX                        |
|                           2 | Class A                 | C000112915                                | LMEAX                        |
|                           3 | Class I                 | C000112913                                | LGIEX                        |
|                           4 | Class R                 | C000112911                                | LMIRX                        |
|                           5 | Class IS                | C000112914                                | LIESX                        |
|                           6 | Class FI                | C000112910                                | LGFEX                        |

**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(c)(4) (17CFR 270.18f-4(c)(4))

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

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

- Rule 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:** FRANKLIN TEMPLETON FUND ADVISER, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000104517

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $26,257.58

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007059

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,588.88

**Brokers Record: 3**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $37,208.98

**Brokers Record: 4**

- **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:** $1,006.58

**Brokers Record: 5**

- **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:** $2,042.12

**Brokers Record: 6**

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

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

- **iii. CRD number:** 000019714

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,573.11

**Brokers Record: 7**

- **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:** $23,684.84

**Brokers Record: 8**

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

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

- **iii. CRD number:** 000008209

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,421.03

**Brokers Record: 9**

- **i. Full name of broker:** SG AMERICAS SECURITIES LLC

- **ii. SEC file number:** 008-66125

- **iii. CRD number:** 000128351

- **iv. LEI, if any:** 549300F35UE0BOM1WJ55

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $76.95

**Brokers Record: 10**

- **i. Full name of broker:** OPTIVER US LLC

- **ii. SEC file number:** 008-66083

- **iii. CRD number:** 000128030

- **iv. LEI, if any:** 549300GSJ60SX9WHBZ61

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $118.28

**Aggregate Commission:** $106,036.81

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

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

- **Item C.19.a - Fund's monthly average net assets:** $268,270,599.01

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

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

  - **Line Institutions Record: 2 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 3 Name of institution:** BARCLAYS BANK PLC

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

  - **Line Institutions Record: 5 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 6 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 7 Name of institution:** ROYAL BANK OF CANADA

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

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

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

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

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

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

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

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

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

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

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

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

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

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

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

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

### Management Investment Record: 3 - ClearBridge Global Infrastructure Income Fund

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

- **a. Full Name of the Fund:** ClearBridge Global Infrastructure Income Fund

- **b. Series identification number, if any:** S000053331

- **c. LEI:** 5493003TLLF83VI6KG61

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000167786                                | RGIVX                        |
|                           2 | Class A                 | C000167781                                | RGAVX                        |
|                           3 | Class IS                | C000167787                                | RGSVX                        |
|                           4 | Class C                 | C000167783                                | CBGAX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

- **i. Full name:** CLEARBRIDGE INVESTMENTS (NORTH AMERICA) PTY LIMITED

- **ii. SEC file number:** 801-70506

- **iii. CRD number:** 000151223

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

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000110441

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $9,368.85

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007897

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,550.20

**Brokers Record: 3**

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

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

- **iii. CRD number:** 000007654

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,446.01

**Brokers Record: 4**

- **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:** $16,123.72

**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:** $3,263.73

**Brokers Record: 6**

- **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:** $5,459.59

**Brokers Record: 7**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,543.41

**Brokers Record: 8**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 008-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,439.38

**Brokers Record: 9**

- **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:** $6,954.06

**Brokers Record: 10**

- **i. Full name of broker:** J.P. MORGAN SECURITIES LLC

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

- **iii. CRD number:** 000000079

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,164.89

**Aggregate Commission:** $100,008.85

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

| Name                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MORGAN STANLEY & CO. LLC | 008-15869         |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $4.70                     |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4.70

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

- **Item C.19.a - Fund's monthly average net assets:** $120,982,834.64

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 2 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 3 Name of institution:** DEUTSCHE BANK AG

  - **Line Institutions Record: 4 Name of institution:** ROYAL BANK OF CANADA

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

  - **Line Institutions Record: 6 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 7 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 8 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 9 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

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

  - **Line Institutions Record: 11 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 12 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

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

  - **Line Institutions Record: 15 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 16 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 17 Name of institution:** STANDARD CHARTERED BANK

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

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

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

| Name of fund                                                           | SEC File number   |
|:---|:---|
| Western Asset SMASh Series M Fund                                      | 811-06740         |
| Putnam New York Tax Exempt Income Fund                                 | 811-03741         |
| Franklin Templeton SMACS: Series EM                                    | 811-08226         |
| Franklin Mutual Small-Mid Cap Value Fund                               | 811-05878         |
| Putnam International Capital Opportunities Fund                        | 811-07237         |
| Templeton Foreign VIP Fund                                             | 811-05583         |
| Franklin Mutual Global Discovery Fund                                  | 811-05387         |
| Franklin Mutual Shares Fund                                            | 811-05387         |
| Franklin Equity Income Fund                                            | 811-04986         |
| Putnam Government Money Market Fund                                    | 811-07237         |
| Putnam BDC Income ETF                                                  | 811-23643         |
| Putnam Dynamic Asset Allocation Conservative Fund                      | 811-07121         |
| Franklin Long Duration Credit Fund                                     | 811-04986         |
| Franklin DynaTech VIP Fund                                             | 811-05583         |
| Franklin Small-Mid Cap Growth Fund                                     | 811-06243         |
| Franklin U.S. Small Cap Equity Fund                                    | 811-22338         |
| Putnam Strategic Intermediate Municipal Fund                           | 811-04345         |
| Putnam Small Cap Growth Fund                                           | 811-07513         |
| Templeton Foreign Fund                                                 | 811-02781         |
| Franklin Templeton Moderately Aggressive Model Portfolio               | 811-21128         |
| Western Asset Intermediate Maturity New York Municipals Fund           | 811-04254         |
| Western Asset Total Return Unconstrained Fund                          | 811-06110         |
| Franklin Emerging Market Debt Opportunities Fund                       | 811-10157         |
| Western Asset Intermediate Maturity California Municipals Fund         | 811-04254         |
| Putnam New Jersey Tax Exempt Income Fund                               | 811-05977         |
| Franklin Corefolio Allocation Fund                                     | 811-07851         |
| Franklin Moderate Allocation Fund                                      | 811-07851         |
| ClearBridge Growth Fund                                                | 811-06444         |
| Franklin Global Allocation Fund                                        | 811-07851         |
| Franklin Mutual Shares VIP Fund                                        | 811-05583         |
| Templeton Global Total Return Fund                                     | 811-04706         |
| Franklin Convertible Securities Fund                                   | 811-04986         |
| Putnam Sustainable Leaders Fund                                        | 811-06128         |
| Franklin LifeSmart 2040 Retirement Target Fund                         | 811-07851         |
| Franklin Louisiana Tax-Free Income Fund                                | 811-04149         |
| Franklin S&P 500 Index Fund                                            | 811-06444         |
| Franklin Arizona Tax-Free Income Fund                                  | 811-04149         |
| Putnam Large Cap Growth Fund                                           | 811-07237         |
| Putnam Mortgage Securities Fund                                        | 811-03897         |
| Franklin Small Cap Value VIP Fund                                      | 811-05583         |
| Franklin Total Return Fund                                             | 811-04986         |
| Franklin LifeSmart 2025 Retirement Target Fund                         | 811-07851         |
| Templeton Developing Markets Trust                                     | 811-06378         |
| Putnam VT Large Cap Growth Fund                                        | 811-05346         |
| Putnam Short-Term Municipal Income Fund                                | 811-07513         |
| Western Asset Municipal High Income Fund                               | 811-04254         |
| Templeton Growth VIP Fund                                              | 811-05583         |
| Putnam Focused Large Cap Value ETF                                     | 811-23643         |
| Putnam Convertible Securities Fund                                     | 811-02280         |
| Putnam VT Sustainable Leaders Fund                                     | 811-05346         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                        | 811-23643         |
| Putnam ESG Core Bond ETF                                               | 811-23643         |
| Franklin Templeton Aggressive Model Portfolio                          | 811-21128         |
| Western Asset Core Bond Fund                                           | 811-06110         |
| Putnam Emerging Markets Equity Fund                                    | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton SMACS: Series CH                                    | 811-06243         |
| Franklin High Yield Corporate ETF                                      | 811-23124         |
| Putnam Income Fund                                                     | 811-00653         |
| Putnam VT Emerging Markets Equity Fund                                 | 811-05346         |
| Putnam Dynamic Asset Allocation Equity Fund                            | 811-07513         |
| International Equity Series                                            | 811-06135         |
| Putnam Multi-Asset Income Fund                                         | 811-07121         |
| Franklin Multi-Asset Variable Growth Fund                              | 811-21128         |
| Putnam Sustainable Future Fund                                         | 811-07237         |
| Putnam VT Core Equity Fund                                             | 811-05346         |
| Western Asset Massachusetts Municipals Fund                            | 811-04254         |
| Putnam Floating Rate Income Fund                                       | 811-07513         |
| Franklin Allocation VIP Fund                                           | 811-05583         |
| Franklin Gold and Precious Metals Fund                                 | 811-01700         |
| Putnam Pennsylvania Tax Exempt Income Fund                             | 811-05802         |
| Franklin International Growth Fund                                     | 811-10157         |
| Franklin Multi-Asset Defensive Growth Fund                             | 811-06444         |
| Western Asset Long Credit VIT                                          | 811-06310         |
| Putnam VT Research Fund                                                | 811-05346         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                 | 811-22338         |
| Putnam Tax Exempt Income Fund                                          | 811-02675         |
| Putnam VT Global Asset Allocation Fund                                 | 811-05346         |
| Templeton Sustainable Emerging Markets Bond Fund                       | 811-04706         |
| Western Asset Intermediate-Term Municipals Fund                        | 811-04254         |
| Franklin Pennsylvania Tax-Free Income Fund                             | 811-04149         |
| Franklin Income Fund                                                   | 811-00537         |
| Franklin Senior Loan ETF                                               | 811-23124         |
| Putnam Research Fund                                                   | 811-07237         |
| BrandywineGLOBAL - Corporate Credit Fund                               | 811-06444         |
| Putnam VT Global Health Care Fund                                      | 811-05346         |
| ClearBridge Small Cap Growth Fund                                      | 811-06444         |
| ClearBridge Variable Large Cap Value Portfolio                         | 811-21128         |
| BrandywineGLOBAL - Global Opportunities Bond Fund                      | 811-22338         |
| Western Asset Oregon Municipals Fund                                   | 811-04254         |
| Western Asset California Municipals Fund                               | 811-04254         |
| Western Asset Income Fund                                              | 811-04254         |
| Franklin North Carolina Tax-Free Income Fund                           | 811-04149         |
| Franklin Global Equity Fund                                            | 811-06444         |
| ClearBridge Variable Mid Cap Portfolio                                 | 811-21128         |
| Putnam Ohio Tax Exempt Income Fund                                     | 811-04528         |
| Western Asset Total Return ETF                                         | 811-23096         |
| Franklin Virginia Tax-Free Income Fund                                 | 811-04149         |
| Templeton World Fund                                                   | 811-02781         |
| Franklin Colorado Tax-Free Income Fund                                 | 811-04149         |
| ClearBridge Mid Cap Fund                                               | 811-06444         |
| ClearBridge Sustainability Leaders Fund                                | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                                 | 811-04149         |
| Western Asset SMASh Series Core Completion Fund                        | 811-06740         |
| Franklin Utilities Fund                                                | 811-00537         |
| Putnam Massachusetts Tax Exempt Income Fund                            | 811-04518         |
| Putnam VT Government Money Market Fund                                 | 811-05346         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                      | 811-22338         |
| Putnam Focused Equity Fund                                             | 811-07513         |
| Western Asset New Jersey Municipals Fund                               | 811-04254         |
| ClearBridge Select Fund                                                | 811-06444         |
| Franklin New York Intermediate-Term Tax-Free Income Fund               | 811-04787         |
| Western Asset SMASh Series TF Fund                                     | 811-06740         |
| ClearBridge Small Cap Fund                                             | 811-22338         |
| Putnam VT Focused International Equity Fund                            | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                     | 811-21128         |
| Western Asset New York Municipals Fund                                 | 811-04254         |
| BrandywineGLOBAL - Alternative Credit Fund                             | 811-22338         |
| Western Asset Managed Municipals Fund                                  | 811-04254         |
| Franklin Conservative Allocation Fund                                  | 811-07851         |
| Franklin Minnesota Tax-Free Income Fund                                | 811-04149         |
| Putnam BioRevolution ETF                                               | 811-23643         |
| Western Asset SMASh Series Core Plus Completion Fund                   | 811-06740         |
| Foreign Smaller Companies Series                                       | 811-06135         |
| Putnam VT George Putnam Balanced Fund                                  | 811-05346         |
| Franklin Templeton SMACS: Series I                                     | 811-06243         |
| Putnam VT Mortgage Securities Fund                                     | 811-05346         |
| Western Asset Mortgage Total Return Fund                               | 811-04254         |
| George Putnam Balanced Fund                                            | 811-00058         |
| Putnam Sustainable Future ETF                                          | 811-23643         |
| ClearBridge Tactical Dividend Income Fund                              | 811-06444         |
| Putnam Dynamic Asset Allocation Balanced Fund                          | 811-07121         |
| Templeton International Bond Fund                                      | 811-04706         |
| ClearBridge Appreciation Fund                                          | 811-06444         |
| Putnam ESG High Yield ETF                                              | 811-23643         |
| Franklin Natural Resources Fund                                        | 811-06243         |
| Martin Currie SMASh Series EM Fund                                     | 811-22338         |
| Templeton Emerging Markets Small Cap Fund                              | 811-08226         |
| Franklin Global Real Estate VIP Fund                                   | 811-05583         |
| Western Asset Pennsylvania Municipals Fund                             | 811-04254         |
| Putnam Sustainable Leaders ETF                                         | 811-23643         |
| Franklin Mutual U.S. Mid Cap Value Fund                                | 811-05878         |
| Templeton Global Bond Fund                                             | 811-04706         |
| Putnam International Equity Fund                                       | 811-06190         |
| Putnam Dynamic Asset Allocation Growth Fund                            | 811-07121         |
| Franklin High Yield Tax-Free Income Fund                               | 811-04149         |
| Franklin LifeSmart 2045 Retirement Target Fund                         | 811-07851         |
| Putnam VT International Equity Fund                                    | 811-05346         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                | 811-04149         |
| ClearBridge Variable Appreciation Portfolio                            | 811-21128         |
| Putnam VT Small Cap Value Fund                                         | 811-05346         |
| ClearBridge Dividend Strategy Fund                                     | 811-06444         |
| Western Asset Ultra-Short Income Fund                                  | 811-04254         |
| Franklin California High Yield Municipal Fund                          | 811-06481         |
| Templeton Developing Markets VIP Fund                                  | 811-05583         |
| Franklin Small-Mid Cap Growth VIP Fund                                 | 811-05583         |
| Templeton Global Smaller Companies Fund                                | 811-03143         |
| Putnam International Value Fund                                        | 811-07513         |
| Franklin Rising Dividends VIP Fund                                     | 811-05583         |
| Putnam Small Cap Value Fund                                            | 811-07237         |
| Franklin Growth Fund                                                   | 811-00537         |
| Franklin VolSmart Allocation VIP Fund                                  | 811-05583         |
| Franklin LifeSmart 2055 Retirement Target Fund                         | 811-07851         |
| Putnam VT Small Cap Growth Fund                                        | 811-05346         |
| Franklin Small Cap Value Fund                                          | 811-05878         |
| Franklin Floating Rate Master Series                                   | 811-09869         |
| Franklin Income VIP Fund                                               | 811-05583         |
| Western Asset Core Plus Bond Fund                                      | 811-06110         |
| Franklin New Jersey Tax-Free Income Fund                               | 811-04149         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)             | 811-07513         |
| Franklin Massachusetts Tax-Free Income Fund                            | 811-04149         |
| Putnam VT High Yield Fund                                              | 811-05346         |
| Franklin Alabama Tax-Free Income Fund                                  | 811-04149         |
| Templeton Global Bond VIP Fund                                         | 811-05583         |
| Franklin Floating Rate Daily Access Fund                               | 811-04986         |
| Putnam Large Cap Value Fund                                            | 811-02742         |
| Putnam ESG Ultra Short ETF                                             | 811-23643         |
| Franklin Multi-Asset Moderate Growth Fund                              | 811-06444         |
| ClearBridge Mid Cap Growth Fund                                        | 811-06444         |
| Franklin Mutual Beacon Fund                                            | 811-05387         |
| Putnam Diversified Income Trust                                        | 811-05635         |
| Franklin Federal Tax-Free Income Fund                                  | 811-03395         |
| ClearBridge Large Cap Value Fund                                       | 811-06444         |
| Western Asset Core Plus VIT Portfolio                                  | 811-06310         |
| Franklin Maryland Tax-Free Income Fund                                 | 811-04149         |
| Putnam Emerging Markets Ex-China ETF                                   | 811-23643         |
| Franklin New York Tax-Free Income Fund                                 | 811-03479         |
| Putnam Ultra Short Duration Income Fund                                | 811-07513         |
| Putnam Money Market Fund                                               | 811-02608         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund) | 811-07513         |
| Franklin Georgia Tax-Free Income Fund                                  | 811-04149         |
| Franklin Low Duration U.S. Government Securities Fund                  | 811-04986         |
| Franklin Strategic Mortgage Portfolio                                  | 811-07288         |
| Western Asset Short Duration Income ETF                                | 811-23096         |
| Franklin Rising Dividends Fund                                         | 811-04894         |
| Franklin Templeton Moderately Conservative Model Portfolio             | 811-21128         |
| Martin Currie Emerging Markets Fund                                    | 811-22338         |
| Putnam VT Diversified Income Fund                                      | 811-05346         |
| Franklin Real Estate Securities Fund                                   | 811-08034         |
| Franklin California Intermediate-Term Tax-Free Income Fund             | 811-04356         |
| ClearBridge Large Cap Growth Fund                                      | 811-06444         |
| Putnam California Tax Exempt Income Fund                               | 811-03630         |
| Franklin Mutual Global Discovery VIP Fund                              | 811-05583         |
| Putnam VT Sustainable Future Fund                                      | 811-05346         |
| Franklin Growth and Income VIP Fund                                    | 811-05583         |
| Franklin DynaTech Fund                                                 | 811-00537         |
| Western Asset Short-Term Bond Fund                                     | 811-04254         |
| Western Asset Intermediate Bond Fund                                   | 811-06110         |
| Franklin Managed Income fund                                           | 811-04986         |
| Franklin Biotechnology Discovery Fund                                  | 811-06243         |
| Franklin International Equity Fund                                     | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                                    | 811-06444         |
| Franklin LifeSmart 2050 Retirement Target Fund                         | 811-07851         |
| Western Asset High Yield Fund                                          | 811-06110         |
| Franklin Growth Allocation Fund                                        | 811-07851         |
| Western Asset SMASh Series C Fund                                      | 811-06740         |
| Franklin High Income Fund                                              | 811-01608         |
| Western Asset Short Duration Municipal Income Fund                     | 811-04254         |
| Franklin Federal Limited-Term Tax-Free Income Fund                     | 811-04149         |
| Franklin Core Plus Bond Fund                                           | 811-06243         |
| Putnam Ultra Short MAC Series                                          | 811-07513         |
| Franklin Templeton Conservative Model Portfolio                        | 811-21128         |
| K2 Alternative Strategies Fund                                         | 811-22641         |
| Franklin Templeton SMACS: Series E                                     | 811-06243         |
| Western Asset Corporate Bond Fund                                      | 811-04254         |
| ClearBridge International Value Fund                                   | 811-06444         |
| Putnam PanAgora ESG International Equity ETF                           | 811-23643         |
| Putnam Mortgage Opportunities Fund                                     | 811-07513         |
| Western Asset Inflation Indexed Plus Bond Fund                         | 811-06110         |
| ClearBridge Variable Dividend Strategy Portfolio                       | 811-21128         |
| Putnam Global Income Trust                                             | 811-04524         |
| Templeton Global Balanced Fund                                         | 811-08226         |
| Putnam Focused Large Cap Growth ETF                                    | 811-23643         |
| Franklin Mutual Quest Fund                                             | 811-05387         |
| Putnam Focused International Equity Fund                               | 811-01403         |
| Franklin Connecticut Tax-Free Income Fund                              | 811-04149         |
| Putnam Intermediate-Term Municipal Income Fund                         | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                     | 811-04149         |
| Franklin LifeSmart 2030 Retirement Target Fund                         | 811-07851         |
| Franklin Templeton Moderate Model Portfolio                            | 811-21128         |
| Franklin Templeton SMACS: Series H                                     | 811-06243         |
| Franklin Large Cap Growth VIP Fund                                     | 811-05583         |
| Putnam Tax-Free High Yield Fund                                        | 811-04345         |
| Putnam Minnesota Tax Exempt Income Fund                                | 811-04527         |
| Franklin Growth Opportunities Fund                                     | 811-06243         |
| Franklin U.S. Government Securities VIP Fund                           | 811-05583         |
| Franklin Small Cap Growth Fund                                         | 811-06243         |
| Western Asset Bond ETF                                                 | 811-23124         |
| ClearBridge Variable Large Cap Growth Portfolio                        | 811-21128         |
| Putnam VT International Value Fund                                     | 811-05346         |
| ClearBridge Value Fund                                                 | 811-22338         |
| Putnam Global Technology Fund                                          | 811-07513         |
| Franklin Mutual International Value Fund                               | 811-05387         |
| Putnam Global Health Care Fund                                         | 811-03386         |
| Franklin Oregon Tax-Free Income Fund                                   | 811-04149         |
| BrandywineGLOBAL - Flexible Bond Fund                                  | 811-22338         |
| Franklin Multi-Asset Growth Fund                                       | 811-06444         |
| Putnam High Yield Fund                                                 | 811-04616         |
| Franklin Strategic Income VIP Fund                                     | 811-05583         |
| ClearBridge Variable Growth Portfolio                                  | 811-21128         |
| Western Asset Variable Global High Yield Bond Portfolio                | 811-06310         |
| Franklin LifeSmart 2060 Retirement Target Fund                         | 811-07851         |
| Putnam VT Large Cap Value Fund                                         | 811-05346         |
| Putnam Short Duration Bond Fund                                        | 811-07513         |
| Franklin LifeSmart Retirement Income Fund                              | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                          | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund                 | 811-21128         |
| Putnam VT Income Fund                                                  | 811-05346         |
| Franklin California Tax-Free Income Fund                               | 811-02790         |
| ClearBridge Variable Small Cap Growth Portfolio                        | 811-21128         |
| Western Asset Short Duration High Income Fund                          | 811-04254         |
| Templeton Growth Fund, Inc.                                            | 811-04892         |
| Franklin Missouri Tax-Free Income Fund                                 | 811-04149         |
| Franklin Low Duration Total Return Fund                                | 811-04986         |
| Franklin LifeSmart 2020 Retirement Target Fund                         | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                                     | 811-06444         |
| Franklin U.S. Government Securities Fund                               | 811-00537         |
| ClearBridge International Growth 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: 4 - BrandywineGLOBAL - Diversified US Large Cap Value Fund

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

- **a. Full Name of the Fund:** BrandywineGLOBAL - Diversified US Large Cap Value Fund

- **b. Series identification number, if any:** S000029727

- **c. LEI:** 549300U8GEGSJ5BLBC59

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000091408                                | LBWAX                        |
|                           2 | Class IS                | C000091414                                | LBISX                        |
|                           3 | Class C                 | C000091409                                | LBWCX                        |
|                           4 | Class R                 | C000091411                                | LBDRX                        |
|                           5 | Class I                 | C000091413                                | LBWIX                        |

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

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

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

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

**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:** FRANKLIN TEMPLETON FUND ADVISER, LLC

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

- **iii. CRD number:** 000140432

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000110783

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

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

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

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

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

**Broker Dealers Record: 1**

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

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

- **c. CRD number:** 000014470

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

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

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

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

**Broker Dealers Record: 2**

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

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

- **c. CRD number:** 000166384

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

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

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

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

**Broker Dealers Record: 3**

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

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

- **c. CRD number:** 000109064

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

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

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

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

**Item C.16. Brokers.**

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

**Brokers Record: 1**

- **i. Full name of broker:** 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:** $1,106.83

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000283942

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,152.89

**Brokers Record: 3**

- **i. Full name of broker:** DINOSAUR FINANCIAL GROUP, L.L.C

- **ii. SEC file number:** 008-52908

- **iii. CRD number:** 000104446

- **iv. LEI, if any:** 549300CCV3H232GBUN83

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $896.64

**Brokers Record: 4**

- **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:** $2,766.93

**Brokers Record: 5**

- **i. Full name of broker:** JONESTRADING

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

- **iii. CRD number:** 000006888

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,158.75

**Brokers Record: 6**

- **i. Full name of broker:** PIPER SANDLER & CO.

- **ii. SEC file number:** 008-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,715.07

**Brokers Record: 7**

- **i. Full name of broker:** CAPIS

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

- **iii. CRD number:** 000007551

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,359.26

**Brokers Record: 8**

- **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:** $1,487.48

**Brokers Record: 9**

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

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

- **iii. CRD number:** 000007560

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,394.93

**Brokers Record: 10**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,829.42

**Aggregate Commission:** $37,679.14

- **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:** $144,145,880.62

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

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

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

**Line of Credit details Record: 1**

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

- **ii. What size is the line of credit?** $2,995,000,000.00

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

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

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

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

  - **Line Institutions Record: 4 Name of institution:** THE TORONTO-DOMINION BANK

  - **Line Institutions Record: 5 Name of institution:** THE BANK OF NOVA SCOTIA

  - **Line Institutions Record: 6 Name of institution:** MANUFACTURERS AND TRADERS TRUST COMPANY

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

  - **Line Institutions Record: 8 Name of institution:** STATE STREET BANK AND TRUST COMPANY

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

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

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

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

  - **Line Institutions Record: 13 Name of institution:** GOLDMAN SACHS BANK USA

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

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

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

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

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

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

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

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

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

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

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

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

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

## 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:** 2025-12-08

**Signature:** Christopher Berarducci

**Title:** Principal Financial Officer and Treasurer