# EDGAR Filing Document

**Accession Number:** 0000889512
**File Stem:** 0001145549-25-046154
**Filing Date:** 2025-7
**Character Count:** 21375
**Document Hash:** 68fa2cab741144cdd5cb80b547b3dd87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046154.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0001145549-25-046154

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250708

**DATE AS OF CHANGE**: 20250708

**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:** 251110808

**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):** 2025-06-30

**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:** $13562946174.08

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

- **Cash:** $0.00

- **Total Other Assets:** $34930.52

- **Total Liabilities:** $51478632.10

- **Net Assets of Series:** $13511502472.50

- **Number of Shares Outstanding (Series):** 13515424911.9090

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-06-02 | $19791666850.61           | $20444323108.95            | 68.8600%                  | 71.1300%                   |
| 2025-06-03 | $19792215140.20           | $20444880444.36            | 68.5200%                  | 70.7800%                   |
| 2025-06-04 | $19969351011.99           | $20622025361.99            | 68.7100%                  | 70.9600%                   |
| 2025-06-05 | $19420776683.34           | $20073460079.18            | 68.1100%                  | 70.4000%                   |
| 2025-06-06 | $20093561703.67           | $20321272237.00            | 69.8500%                  | 70.6400%                   |
| 2025-06-09 | $20290698192.48           | $20568417771.65            | 68.7600%                  | 69.7000%                   |
| 2025-06-10 | $20381004085.28           | $20658732710.28            | 68.5000%                  | 69.4400%                   |
| 2025-06-11 | $20612023349.36           | $20869760775.22            | 68.7300%                  | 69.5900%                   |
| 2025-06-12 | $20533647883.64           | $21516394396.15            | 68.5100%                  | 71.7900%                   |
| 2025-06-13 | $20085933778.81           | $21392967301.32            | 67.2700%                  | 71.6500%                   |
| 2025-06-16 | $20189831931.38           | $21496895103.05            | 67.4000%                  | 71.7600%                   |
| 2025-06-17 | $20150411998.96           | $21327504819.79            | 67.4800%                  | 71.4200%                   |
| 2025-06-18 | $20689298406.71           | $21540733694.21            | 69.2500%                  | 72.1000%                   |
| 2025-06-20 | $20096303030.18           | $20887968151.42            | 67.2500%                  | 69.9000%                   |
| 2025-06-23 | $20414820206.52           | $21285990883.91            | 67.6000%                  | 70.4900%                   |
| 2025-06-24 | $20185358135.00           | $21056579568.54            | 67.3500%                  | 70.2600%                   |
| 2025-06-25 | $20757310544.24           | $21628582733.93            | 67.9600%                  | 70.8100%                   |
| 2025-06-26 | $21319631881.61           | $21969626961.33            | 68.2800%                  | 70.3600%                   |
| 2025-06-27 | $20487340936.40           | $21337494792.79            | 66.7300%                  | 69.5000%                   |
| 2025-06-30 | $19678625527.54           | $20665712348.93            | 65.8800%                  | 69.1800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-06-02 | 4.3900%             |
| 2025-06-03 | 4.3900%             |
| 2025-06-04 | 4.3900%             |
| 2025-06-05 | 4.3800%             |
| 2025-06-06 | 4.3600%             |
| 2025-06-09 | 4.3600%             |
| 2025-06-10 | 4.3500%             |
| 2025-06-11 | 4.3500%             |
| 2025-06-12 | 4.3500%             |
| 2025-06-13 | 4.3500%             |
| 2025-06-16 | 4.3600%             |
| 2025-06-17 | 4.3600%             |
| 2025-06-18 | 4.3600%             |
| 2025-06-20 | 4.3600%             |
| 2025-06-23 | 4.3600%             |
| 2025-06-24 | 4.3600%             |
| 2025-06-25 | 4.3600%             |
| 2025-06-26 | 4.3700%             |
| 2025-06-27 | 4.4000%             |
| 2025-06-30 | 4.4000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-06-02 | 0.9997                      |
|  |  |
| 2025-06-03 | 0.9997                      |
|  |  |
| 2025-06-04 | 0.9997                      |
|  |  |
| 2025-06-05 | 0.9997                      |
|  |  |
| 2025-06-06 | 0.9997                      |
|  |  |
| 2025-06-09 | 0.9997                      |
|  |  |
| 2025-06-10 | 0.9997                      |
|  |  |
| 2025-06-11 | 0.9997                      |
|  |  |
| 2025-06-12 | 0.9997                      |
|  |  |
| 2025-06-13 | 0.9997                      |
|  |  |
| 2025-06-16 | 0.9997                      |
|  |  |
| 2025-06-17 | 0.9997                      |
|  |  |
| 2025-06-18 | 0.9997                      |
|  |  |
| 2025-06-20 | 0.9997                      |
|  |  |
| 2025-06-23 | 0.9997                      |
|  |  |
| 2025-06-24 | 0.9997                      |
|  |  |
| 2025-06-25 | 0.9997                      |
|  |  |
| 2025-06-26 | 0.9997                      |
|  |  |
| 2025-06-27 | 0.9997                      |
|  |  |
| 2025-06-30 | 0.9997                      |
|  |  |

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

### Class: 0L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $11855418719.69

- **Number of Shares Outstanding:** 11859028314.9190

- **Expense Reimbursement/Waiver:** 1484073.54

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 0.9997          |
|  |  |
| 2025-06-03 | 0.9997          |
|  |  |
| 2025-06-04 | 0.9997          |
|  |  |
| 2025-06-05 | 0.9997          |
|  |  |
| 2025-06-06 | 0.9997          |
|  |  |
| 2025-06-09 | 0.9997          |
|  |  |
| 2025-06-10 | 0.9997          |
|  |  |
| 2025-06-11 | 0.9997          |
|  |  |
| 2025-06-12 | 0.9997          |
|  |  |
| 2025-06-13 | 0.9997          |
|  |  |
| 2025-06-16 | 0.9997          |
|  |  |
| 2025-06-17 | 0.9997          |
|  |  |
| 2025-06-18 | 0.9997          |
|  |  |
| 2025-06-20 | 0.9997          |
|  |  |
| 2025-06-23 | 0.9997          |
|  |  |
| 2025-06-24 | 0.9997          |
|  |  |
| 2025-06-25 | 0.9997          |
|  |  |
| 2025-06-26 | 0.9997          |
|  |  |
| 2025-06-27 | 0.9997          |
|  |  |
| 2025-06-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $2608032448.21            | $384805544.01           |
| 2025-06-03 | $399597086.66             | $739231325.41           |
| 2025-06-04 | $342182895.68             | $213742978.89           |
| 2025-06-05 | $171543797.67             | $368829890.74           |
| 2025-06-06 | $448953060.48             | $173002048.99           |
| 2025-06-09 | $484973967.78             | $471994870.62           |
| 2025-06-10 | $350676860.12             | $409223169.90           |
| 2025-06-11 | $123895204.09             | $271494039.47           |
| 2025-06-12 | $208783118.38             | $253304477.60           |
| 2025-06-13 | $218692776.89             | $342517538.30           |
| 2025-06-16 | $344646645.94             | $390490587.74           |
| 2025-06-17 | $204167670.45             | $346845248.26           |
| 2025-06-18 | $229223235.61             | $254166760.13           |
| 2025-06-20 | $181669819.82             | $278107105.48           |
| 2025-06-23 | $602863715.41             | $142617253.64           |
| 2025-06-24 | $293429470.09             | $257829557.19           |
| 2025-06-25 | $230270574.77             | $215464584.97           |
| 2025-06-26 | $352679720.56             | $130273902.83           |
| 2025-06-27 | $284135668.16             | $852183068.94           |
| 2025-06-30 | $708645487.11             | $1784892728.66          |

**Total Gross Subscriptions (Month):** $8789063223.88

**Total Gross Redemptions (Month):** $8281016681.77

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 4.2300%           |
| 2025-06-03 | 4.2300%           |
| 2025-06-04 | 4.2300%           |
| 2025-06-05 | 4.2200%           |
| 2025-06-06 | 4.2000%           |
| 2025-06-09 | 4.2000%           |
| 2025-06-10 | 4.1900%           |
| 2025-06-11 | 4.1900%           |
| 2025-06-12 | 4.1900%           |
| 2025-06-13 | 4.1900%           |
| 2025-06-16 | 4.1900%           |
| 2025-06-17 | 4.2000%           |
| 2025-06-18 | 4.2000%           |
| 2025-06-20 | 4.2000%           |
| 2025-06-23 | 4.2000%           |
| 2025-06-24 | 4.2000%           |
| 2025-06-25 | 4.2100%           |
| 2025-06-26 | 4.2100%           |
| 2025-06-27 | 4.2300%           |
| 2025-06-30 | 4.2400%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer                                       |  | 12.4200%         | 0.0000%              |
| Depository institution or other banking institution |  | 26.4300%         | 0.0000%              |
| Broker-dealer                                       |  | 6.9100%          | 0.0000%              |
| Non-financial corporation                           |  | 11.3400%         | 0.0000%              |
| Depository institution or other banking institution |  | 6.5900%          | 0.0000%              |

### Class: 1L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $188524056.41

- **Number of Shares Outstanding:** 188575008.0000

- **Expense Reimbursement/Waiver:** 36339.58

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 0.9998          |
|  |  |
| 2025-06-03 | 0.9998          |
|  |  |
| 2025-06-04 | 0.9997          |
|  |  |
| 2025-06-05 | 0.9997          |
|  |  |
| 2025-06-06 | 0.9997          |
|  |  |
| 2025-06-09 | 0.9997          |
|  |  |
| 2025-06-10 | 0.9997          |
|  |  |
| 2025-06-11 | 0.9997          |
|  |  |
| 2025-06-12 | 0.9997          |
|  |  |
| 2025-06-13 | 0.9997          |
|  |  |
| 2025-06-16 | 0.9997          |
|  |  |
| 2025-06-17 | 0.9997          |
|  |  |
| 2025-06-18 | 0.9997          |
|  |  |
| 2025-06-20 | 0.9997          |
|  |  |
| 2025-06-23 | 0.9997          |
|  |  |
| 2025-06-24 | 0.9997          |
|  |  |
| 2025-06-25 | 0.9997          |
|  |  |
| 2025-06-26 | 0.9997          |
|  |  |
| 2025-06-27 | 0.9997          |
|  |  |
| 2025-06-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $0.00                     | $850290.00              |
| 2025-06-03 | $0.00                     | $13278137.00            |
| 2025-06-04 | $0.00                     | $27141552.00            |
| 2025-06-05 | $421934.00                | $0.00                   |
| 2025-06-06 | $0.00                     | $5557803.00             |
| 2025-06-09 | $0.00                     | $652806.00              |
| 2025-06-10 | $0.00                     | $8465694.00             |
| 2025-06-11 | $94466.00                 | $0.00                   |
| 2025-06-12 | $0.00                     | $508706.00              |
| 2025-06-13 | $465850.00                | $0.00                   |
| 2025-06-16 | $14253996.00              | $0.00                   |
| 2025-06-17 | $1036440.00               | $0.00                   |
| 2025-06-18 | $1386998.00               | $0.00                   |
| 2025-06-20 | $0.00                     | $5579803.00             |
| 2025-06-23 | $849604.00                | $0.00                   |
| 2025-06-24 | $0.00                     | $309398.00              |
| 2025-06-25 | $5101702.00               | $0.00                   |
| 2025-06-26 | $1430347.00               | $0.00                   |
| 2025-06-27 | $0.00                     | $2093685.00             |
| 2025-06-30 | $0.00                     | $5622181.00             |

**Total Gross Subscriptions (Month):** $25041337.00

**Total Gross Redemptions (Month):** $70060055.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 4.2100%           |
| 2025-06-03 | 4.2100%           |
| 2025-06-04 | 4.2100%           |
| 2025-06-05 | 4.2000%           |
| 2025-06-06 | 4.1800%           |
| 2025-06-09 | 4.1800%           |
| 2025-06-10 | 4.1700%           |
| 2025-06-11 | 4.1700%           |
| 2025-06-12 | 4.1700%           |
| 2025-06-13 | 4.1700%           |
| 2025-06-16 | 4.1700%           |
| 2025-06-17 | 4.1800%           |
| 2025-06-18 | 4.1800%           |
| 2025-06-20 | 4.1800%           |
| 2025-06-23 | 4.1800%           |
| 2025-06-24 | 4.1800%           |
| 2025-06-25 | 4.1800%           |
| 2025-06-26 | 4.1900%           |
| 2025-06-27 | 4.2100%           |
| 2025-06-30 | 4.2200%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 99.9400%         | 0.0000%              |

### Class: 0I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $1467559696.40

- **Number of Shares Outstanding:** 1467821588.9900

- **Expense Reimbursement/Waiver:** 207188.67

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 0.9998          |
|  |  |
| 2025-06-03 | 0.9998          |
|  |  |
| 2025-06-04 | 0.9998          |
|  |  |
| 2025-06-05 | 0.9998          |
|  |  |
| 2025-06-06 | 0.9998          |
|  |  |
| 2025-06-09 | 0.9998          |
|  |  |
| 2025-06-10 | 0.9998          |
|  |  |
| 2025-06-11 | 0.9998          |
|  |  |
| 2025-06-12 | 0.9998          |
|  |  |
| 2025-06-13 | 0.9998          |
|  |  |
| 2025-06-16 | 0.9998          |
|  |  |
| 2025-06-17 | 0.9998          |
|  |  |
| 2025-06-18 | 0.9998          |
|  |  |
| 2025-06-20 | 0.9998          |
|  |  |
| 2025-06-23 | 0.9998          |
|  |  |
| 2025-06-24 | 0.9998          |
|  |  |
| 2025-06-25 | 0.9998          |
|  |  |
| 2025-06-26 | 0.9998          |
|  |  |
| 2025-06-27 | 0.9998          |
|  |  |
| 2025-06-30 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $4595109.54               | $2655267.13             |
| 2025-06-03 | $0.00                     | $50605113.47            |
| 2025-06-04 | $0.00                     | $2019825.23             |
| 2025-06-05 | $32496549.35              | $0.00                   |
| 2025-06-06 | $50791457.02              | $0.00                   |
| 2025-06-09 | $14008061.39              | $639.00                 |
| 2025-06-10 | $49629956.50              | $0.00                   |
| 2025-06-11 | $13956745.50              | $0.00                   |
| 2025-06-12 | $36657376.37              | $0.00                   |
| 2025-06-13 | $0.00                     | $35395347.73            |
| 2025-06-16 | $114855205.94             | $0.00                   |
| 2025-06-17 | $0.00                     | $103161175.90           |
| 2025-06-18 | $28502520.45              | $0.00                   |
| 2025-06-20 | $0.00                     | $1405350.38             |
| 2025-06-23 | $8124944.18               | $0.00                   |
| 2025-06-24 | $0.00                     | $67603552.13            |
| 2025-06-25 | $150063465.70             | $0.00                   |
| 2025-06-26 | $0.00                     | $668041.50              |
| 2025-06-27 | $49992780.36              | $0.00                   |
| 2025-06-30 | $0.00                     | $23865229.14            |

**Total Gross Subscriptions (Month):** $553674172.30

**Total Gross Redemptions (Month):** $287379541.61

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 4.1800%           |
| 2025-06-03 | 4.1800%           |
| 2025-06-04 | 4.1800%           |
| 2025-06-05 | 4.1700%           |
| 2025-06-06 | 4.1500%           |
| 2025-06-09 | 4.1500%           |
| 2025-06-10 | 4.1400%           |
| 2025-06-11 | 4.1400%           |
| 2025-06-12 | 4.1400%           |
| 2025-06-13 | 4.1400%           |
| 2025-06-16 | 4.1500%           |
| 2025-06-17 | 4.1500%           |
| 2025-06-18 | 4.1500%           |
| 2025-06-20 | 4.1500%           |
| 2025-06-23 | 4.1500%           |
| 2025-06-24 | 4.1500%           |
| 2025-06-25 | 4.1600%           |
| 2025-06-26 | 4.1600%           |
| 2025-06-27 | 4.1800%           |
| 2025-06-30 | 4.1900%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 95.3800%         | 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):** $13562946174.08
- **C.18.a - Value (excl. sponsor support):** $13562946174.08
- **C.19 - Percentage of Net Assets:** 100.0000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **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:** 2025-07-08

**By:** /s/Christopher Berarducci

**Name of Signing Officer:** Christopher Berarducci

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