# EDGAR Filing Document

**Accession Number:** 0000889512
**File Stem:** 0001193125-25-309409
**Filing Date:** 2025-12
**Character Count:** 20523
**Document Hash:** f7f3db4e1b8594c793cac62fd6544375
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309409.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309409

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INSTITUTIONAL TRUST
- **CENTRAL INDEX KEY:** 0000889512

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06740
- **FILM NUMBER:** 251552479

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CITIFUNDS INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19981030

## Series and Classes Contracts Data

### Western Asset Institutional Government Reserves (Series ID: S000016858)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000046975 | Institutional Shares | INGXX           |
| C000046976 | Class L              | LWPXX           |
| C000089734 | Investor Shares      | LGRXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000889512

### General Information

**Report for (YYYY-MM-DD):** 2025-11-30

**Registrant Full Name:** Legg Mason Partners Institutional Trust

**CIK Number of Registrant:** 0000889512

**LEI of Registrant:** 54930003LJE4ZPPMRV82

**Name of Series:** Western Asset Institutional Government Reserves

**LEI of Series:** 549300LBHDBDFQFMLY08

**EDGAR Series Identifier:** S000016858

**Total number of share classes in the series:** 3

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                      | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Franklin Templeton Fund Adviser LLC                          | 801-66785         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Baltimore<br>State: MD   |  |
| Transfer Agent                | BNY Mellon Investment Servicing (US) Inc.<br>CIK: 0000849542 | 084-01761         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-49552

- **Is this a Feeder Fund?:** Yes

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 6 days

- **WAL:** 6 days

- **Total Value of Portfolio Securities:** $13013259555.34

- **Amortized Cost of Portfolio Securities:** $0.00

- **Cash:** $0.00

- **Total Other Assets:** $159461.93

- **Total Liabilities:** $44834502.38

- **Net Assets of Series:** $12968584514.89

- **Number of Shares Outstanding (Series):** 12972268710.3690

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-11-03 | $23481544351.44           | $25570879570.63            | 64.6200%                  | 70.3700%                   |
| 2025-11-04 | $21471766770.99           | $23561304958.29            | 62.3700%                  | 68.4400%                   |
| 2025-11-05 | $21608968285.99           | $23499346635.91            | 62.8800%                  | 68.3800%                   |
| 2025-11-06 | $20735820770.36           | $22292760116.12            | 62.5300%                  | 67.2300%                   |
| 2025-11-07 | $20048742278.00           | $21732680673.74            | 61.4900%                  | 66.6600%                   |
| 2025-11-10 | $20437153330.20           | $21990504299.45            | 62.2300%                  | 66.9600%                   |
| 2025-11-11 | $0.00                     | $0.00                      | 0.0000%                   | 0.0000%                    |
| 2025-11-12 | $20204399845.88           | $21757901543.44            | 61.9600%                  | 66.7300%                   |
| 2025-11-13 | $20720214191.62           | $22073866617.48            | 62.7400%                  | 66.8400%                   |
| 2025-11-14 | $19549918458.10           | $21066437739.14            | 61.1600%                  | 65.9000%                   |
| 2025-11-17 | $20621743525.09           | $22302217641.88            | 62.4600%                  | 67.5500%                   |
| 2025-11-18 | $19532930132.39           | $21213550134.45            | 60.9500%                  | 66.2000%                   |
| 2025-11-19 | $19112253143.15           | $20793019030.52            | 60.4300%                  | 65.7500%                   |
| 2025-11-20 | $18616375186.41           | $19912895959.06            | 60.1100%                  | 64.3000%                   |
| 2025-11-21 | $18423692767.29           | $19724968937.81            | 59.7100%                  | 63.9200%                   |
| 2025-11-24 | $19059591564.98           | $20361006392.72            | 60.2900%                  | 64.4100%                   |
| 2025-11-25 | $18662583742.08           | $19884137227.04            | 60.4800%                  | 64.4400%                   |
| 2025-11-26 | $19354646252.88           | $20886227287.78            | 61.3200%                  | 66.1700%                   |
| 2025-11-28 | $18447457210.69           | $20154438903.98            | 60.2200%                  | 65.7900%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-11-03 | 4.1500%             |
| 2025-11-04 | 4.1300%             |
| 2025-11-05 | 4.0900%             |
| 2025-11-06 | 4.0800%             |
| 2025-11-07 | 4.0300%             |
| 2025-11-10 | 4.0100%             |
| 2025-11-11 | 0.0000%             |
| 2025-11-12 | 4.0100%             |
| 2025-11-13 | 4.0100%             |
| 2025-11-14 | 4.0300%             |
| 2025-11-17 | 4.0300%             |
| 2025-11-18 | 4.0300%             |
| 2025-11-19 | 4.0200%             |
| 2025-11-20 | 4.0200%             |
| 2025-11-21 | 4.0000%             |
| 2025-11-24 | 4.0000%             |
| 2025-11-25 | 4.0100%             |
| 2025-11-26 | 4.0200%             |
| 2025-11-28 | 4.0600%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-11-03 | 0.9998                      |
|  |  |
| 2025-11-04 | 0.9998                      |
|  |  |
| 2025-11-05 | 0.9997                      |
|  |  |
| 2025-11-06 | 0.9997                      |
|  |  |
| 2025-11-07 | 0.9997                      |
|  |  |
| 2025-11-10 | 0.9997                      |
|  |  |
| 2025-11-11 | 0.0000                      |
|  |  |
| 2025-11-12 | 0.9997                      |
|  |  |
| 2025-11-13 | 0.9997                      |
|  |  |
| 2025-11-14 | 0.9997                      |
|  |  |
| 2025-11-17 | 0.9997                      |
|  |  |
| 2025-11-18 | 0.9997                      |
|  |  |
| 2025-11-19 | 0.9997                      |
|  |  |
| 2025-11-20 | 0.9997                      |
|  |  |
| 2025-11-21 | 0.9997                      |
|  |  |
| 2025-11-24 | 0.9997                      |
|  |  |
| 2025-11-25 | 0.9997                      |
|  |  |
| 2025-11-26 | 0.9997                      |
|  |  |
| 2025-11-28 | 0.9997                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: 0L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $9514849717.57

- **Number of Shares Outstanding:** 9518254755.3590

- **Expense Reimbursement/Waiver:** 1200853.94

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9997          |
|  |  |
| 2025-11-04 | 0.9997          |
|  |  |
| 2025-11-05 | 0.9997          |
|  |  |
| 2025-11-06 | 0.9997          |
|  |  |
| 2025-11-07 | 0.9997          |
|  |  |
| 2025-11-10 | 0.9997          |
|  |  |
| 2025-11-11 | 0.0000          |
|  |  |
| 2025-11-12 | 0.9997          |
|  |  |
| 2025-11-13 | 0.9997          |
|  |  |
| 2025-11-14 | 0.9997          |
|  |  |
| 2025-11-17 | 0.9997          |
|  |  |
| 2025-11-18 | 0.9997          |
|  |  |
| 2025-11-19 | 0.9997          |
|  |  |
| 2025-11-20 | 0.9997          |
|  |  |
| 2025-11-21 | 0.9997          |
|  |  |
| 2025-11-24 | 0.9997          |
|  |  |
| 2025-11-25 | 0.9996          |
|  |  |
| 2025-11-26 | 0.9996          |
|  |  |
| 2025-11-28 | 0.9996          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $830103531.25             | $1821052945.55          |
| 2025-11-04 | $226615780.81             | $702925847.54           |
| 2025-11-05 | $62337975.11              | $218101412.17           |
| 2025-11-06 | $145982624.23             | $757640414.27           |
| 2025-11-07 | $392240534.47             | $400367814.47           |
| 2025-11-10 | $725849077.46             | $559714794.30           |
| 2025-11-11 | $0.00                     | $0.00                   |
| 2025-11-12 | $620062227.61             | $734632238.15           |
| 2025-11-13 | $524281763.62             | $898065622.45           |
| 2025-11-14 | $244970479.12             | $735389112.52           |
| 2025-11-17 | $718086297.43             | $132519799.80           |
| 2025-11-18 | $381141073.33             | $988694814.12           |
| 2025-11-19 | $66082370.85              | $612050216.98           |
| 2025-11-20 | $421428372.40             | $479688071.47           |
| 2025-11-21 | $122327641.43             | $409465597.82           |
| 2025-11-24 | $186113924.98             | $407625591.58           |
| 2025-11-25 | $74648979.49              | $652808898.12           |
| 2025-11-26 | $213032373.99             | $96123328.35            |
| 2025-11-28 | $488830006.52             | $523216513.15           |

**Total Gross Subscriptions (Month):** $6444135034.10

**Total Gross Redemptions (Month):** $11130083032.81

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.9800%           |
| 2025-11-04 | 3.9500%           |
| 2025-11-05 | 3.9200%           |
| 2025-11-06 | 3.9100%           |
| 2025-11-07 | 3.8600%           |
| 2025-11-10 | 3.8400%           |
| 2025-11-11 | 0.0000%           |
| 2025-11-12 | 3.8400%           |
| 2025-11-13 | 3.8400%           |
| 2025-11-14 | 3.8600%           |
| 2025-11-17 | 3.8600%           |
| 2025-11-18 | 3.8600%           |
| 2025-11-19 | 3.8500%           |
| 2025-11-20 | 3.8500%           |
| 2025-11-21 | 3.8300%           |
| 2025-11-24 | 3.8300%           |
| 2025-11-25 | 3.8300%           |
| 2025-11-26 | 3.8500%           |
| 2025-11-28 | 3.8900%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer                                       |  | 16.1300%         | 0.0000%              |
| Depository institution or other banking institution |  | 30.3100%         | 0.0000%              |
| Non-financial corporation                           |  | 5.0400%          | 0.0000%              |

### Class: 1L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $239972145.48

- **Number of Shares Outstanding:** 240019209.0000

- **Expense Reimbursement/Waiver:** 53413.26

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9998          |
|  |  |
| 2025-11-04 | 0.9998          |
|  |  |
| 2025-11-05 | 0.9998          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9999          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-11 | 0.0000          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9999          |
|  |  |
| 2025-11-17 | 0.9998          |
|  |  |
| 2025-11-18 | 0.9998          |
|  |  |
| 2025-11-19 | 0.9998          |
|  |  |
| 2025-11-20 | 0.9998          |
|  |  |
| 2025-11-21 | 0.9998          |
|  |  |
| 2025-11-24 | 0.9998          |
|  |  |
| 2025-11-25 | 0.9998          |
|  |  |
| 2025-11-26 | 0.9998          |
|  |  |
| 2025-11-28 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $0.00                     | $4539198.00             |
| 2025-11-04 | $45254564.00              | $0.00                   |
| 2025-11-05 | $0.00                     | $42322531.00            |
| 2025-11-06 | $105595092.00             | $0.00                   |
| 2025-11-07 | $501642.00                | $0.00                   |
| 2025-11-10 | $9276477.00               | $0.00                   |
| 2025-11-11 | $0.00                     | $0.00                   |
| 2025-11-12 | $133127198.00             | $0.00                   |
| 2025-11-13 | $0.00                     | $6532664.00             |
| 2025-11-14 | $0.00                     | $71931678.00            |
| 2025-11-17 | $0.00                     | $105785861.00           |
| 2025-11-18 | $0.00                     | $18661905.00            |
| 2025-11-19 | $2704905.00               | $0.00                   |
| 2025-11-20 | $0.00                     | $28073717.00            |
| 2025-11-21 | $0.00                     | $5834115.00             |
| 2025-11-24 | $0.00                     | $5527746.00             |
| 2025-11-25 | $6977219.00               | $0.00                   |
| 2025-11-26 | $0.00                     | $7818404.00             |
| 2025-11-28 | $394075.00                | $0.00                   |

**Total Gross Subscriptions (Month):** $303831172.00

**Total Gross Redemptions (Month):** $297027819.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.9600%           |
| 2025-11-04 | 3.9400%           |
| 2025-11-05 | 3.9000%           |
| 2025-11-06 | 3.8900%           |
| 2025-11-07 | 3.8400%           |
| 2025-11-10 | 3.8200%           |
| 2025-11-11 | 0.0000%           |
| 2025-11-12 | 3.8200%           |
| 2025-11-13 | 3.8200%           |
| 2025-11-14 | 3.8400%           |
| 2025-11-17 | 3.8400%           |
| 2025-11-18 | 3.8400%           |
| 2025-11-19 | 3.8300%           |
| 2025-11-20 | 3.8300%           |
| 2025-11-21 | 3.8100%           |
| 2025-11-24 | 3.8100%           |
| 2025-11-25 | 3.8100%           |
| 2025-11-26 | 3.8300%           |
| 2025-11-28 | 3.8700%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 99.9500%         | 0.0000%              |

### Class: 0I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $3213762651.84

- **Number of Shares Outstanding:** 3213994746.0100

- **Expense Reimbursement/Waiver:** 329112.57

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 0.9999          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9999          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-11 | 0.0000          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9999          |
|  |  |
| 2025-11-17 | 0.9999          |
|  |  |
| 2025-11-18 | 0.9999          |
|  |  |
| 2025-11-19 | 0.9999          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9999          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $6512008.01               | $186619961.71           |
| 2025-11-04 | $0.00                     | $323994805.92           |
| 2025-11-05 | $20701224.71              | $0.00                   |
| 2025-11-06 | $67650223.56              | $0.00                   |
| 2025-11-07 | $39817754.97              | $0.00                   |
| 2025-11-10 | $0.00                     | $184257223.39           |
| 2025-11-11 | $0.00                     | $0.00                   |
| 2025-11-12 | $74776130.82              | $0.00                   |
| 2025-11-13 | $106469583.48             | $0.00                   |
| 2025-11-14 | $0.00                     | $279022568.57           |
| 2025-11-17 | $29722387.89              | $0.00                   |
| 2025-11-18 | $49686219.32              | $0.00                   |
| 2025-11-19 | $0.00                     | $44068997.82            |
| 2025-11-20 | $89247921.48              | $0.00                   |
| 2025-11-21 | $76684531.85              | $0.00                   |
| 2025-11-24 | $243782719.04             | $0.00                   |
| 2025-11-25 | $875230573.16             | $0.00                   |
| 2025-11-26 | $78611275.31              | $0.00                   |
| 2025-11-28 | $50145968.43              | $0.00                   |

**Total Gross Subscriptions (Month):** $1809038522.03

**Total Gross Redemptions (Month):** $1017963557.41

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.9300%           |
| 2025-11-04 | 3.9100%           |
| 2025-11-05 | 3.8700%           |
| 2025-11-06 | 3.8600%           |
| 2025-11-07 | 3.8100%           |
| 2025-11-10 | 3.7900%           |
| 2025-11-11 | 0.0000%           |
| 2025-11-12 | 3.7900%           |
| 2025-11-13 | 3.7900%           |
| 2025-11-14 | 3.8100%           |
| 2025-11-17 | 3.8100%           |
| 2025-11-18 | 3.8100%           |
| 2025-11-19 | 3.8000%           |
| 2025-11-20 | 3.8000%           |
| 2025-11-21 | 3.7800%           |
| 2025-11-24 | 3.7800%           |
| 2025-11-25 | 3.7900%           |
| 2025-11-26 | 3.8000%           |
| 2025-11-28 | 3.8400%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 97.9200%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Government Portfolio

- **C.1 - Title:** Government Portfolio
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: NA, C.5 - Other ID: LMGOVERNMENT
- **C.18 - Value (incl. sponsor support):** $13013259555.34
- **C.18.a - Value (excl. sponsor support):** $13013259555.34
- **C.19 - Percentage of Net Assets:** 100.0000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Legg Mason Partners Institutional Trust

**Date:** 2025-12-05

**By:** /s/Christopher Berarducci

**Name of Signing Officer:** Christopher Berarducci

**Title of Signing Officer:** Principal Financial Officer