# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-23-035975
**Filing Date:** 2023-2
**Character Count:** 8150
**Document Hash:** 6e6d96249643db288c93cf1b268ee662
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035975.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035975

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 23657687

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Legg Mason Partners Variable Equity Trust

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

- **c. CIK number of Registrant:** 0001176343

- **d. LEI of Registrant:** 549300W9EP2BXVLOGN89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

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

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Multi-Asset Variable Moderate Growth

- **b. EDGAR series identifier (if any):** S000017010

- **c. LEI of Series:** 549300SKDQ1VU3QRUD94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $26422151.56

**Total Liabilities:** $21004.85

**Net Assets:** $26401146.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047267 | 6.46%                | 6.32%                | -3.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-51784.99               | $1631677.41                                |
| Month 2  | $40951.41                | $1574826.77                                |
| Month 3  | $7358.49                 | $-2368950.24                               |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ClearBridge Small Cap Fund                             | ClearBridge Small Cap Fund                             | CUSIP: 52471E316<br>LEI: 549300WKCUIK8SCOXT82 | Long             | EC               | RF                | US        |     17372 | NS      | $1007736.32   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Small Cap Growth Fund                      | ClearBridge Small Cap Growth Fund                      | CUSIP: 52470H666<br>LEI: 5493003T8SLPG056ZG32 | Long             | EC               | RF                | US        |     19746 | NS      | $736913.26    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund | BrandywineGLOBAL - Diversified US Large Cap Value Fund | CUSIP: 524686730<br>LEI: 549300U8GEGSJ5BLBC59 | Long             | EC               | RF                | US        |    110053 | NS      | $1954535.01   | 7.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin US Small Cap Equity Fund                      | Franklin US Small Cap Equity Fund                      | CUSIP: 524686391<br>LEI: N/A                  | Long             | EC               | RF                | US        |    108148 | NS      | $1190705.20   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywineglobal Dynamic US Large Cap Value ETF        | Brandywineglobal Dynamic US Large Cap Value ETF        | CUSIP: 35473P462<br>LEI: 254900HJUU3BO06KS871 | Long             | EC               | RF                | US        |    144219 | NS      | $1651206.60   | 6.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Intermediate Bond Fund                   | Western Asset Intermediate Bond Fund                   | CUSIP: 957663610<br>LEI: 549300NZV8UE1KQUNO03 | Long             | EC               | RF                | US        |    156788 | NS      | $1484780.68   | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Appreciation Fund                          | ClearBridge Appreciation Fund                          | CUSIP: 52468E709<br>LEI: 549300ZFR48NDB3HQ435 | Long             | EC               | RF                | US        |    192561 | NS      | $5149089.64   | 19.50%            |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Large Cap Growth Fund                      | ClearBridge Large Cap Growth Fund                      | CUSIP: 52469H255<br>LEI: 549300PO07BEBIPVM094 | Long             | EC               | RF                | US        |     80642 | NS      | $3767606.67   | 14.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin International Equity Fund                     | Franklin International Equity Fund                     | CUSIP: 524686243<br>LEI: 549300NLP1WLJBNEZJ22 | Long             | EC               | RF                | US        |    309312 | NS      | $4621126.54   | 17.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio                  | Invesco Government & Agency Portfolio                  | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    294134 | NS      | $294134.33    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Core Bond Fund                           | Western Asset Core Bond Fund                           | CUSIP: 957663677<br>LEI: 549300Q2LEO7M5HGWP70 | Long             | EC               | RF                | US        |    428414 | NS      | $4541186.17   | 17.20%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer