# EDGAR Filing Document

**Accession Number:** 0000889512
**File Stem:** 0001145549-25-038825
**Filing Date:** 2025-6
**Character Count:** 16363
**Document Hash:** 53b3c57133c5ea0921b414a15f5ca22a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-038825.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001145549-25-038825

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**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:** 251029706

**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 Liquid Reserves (Series ID: S000008908)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024235 | Institutional Shares | CILXX           |
| C000089731 | Investor Shares      | LLRXX           |

# 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):** 2025-05-31

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

**CIK Number of Registrant:** 0000889512

**LEI of Registrant:** 54930003LJE4ZPPMRV82

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

**LEI of Series:** 5493000JWV15U527D845

**EDGAR Series Identifier:** S000008908

**Total number of share classes in the series:** 2

**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:** Prime

- **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:** $654065763.95

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

- **Cash:** $0.00

- **Total Other Assets:** $30987.64

- **Total Liabilities:** $2841303.07

- **Net Assets of Series:** $651255448.52

- **Number of Shares Outstanding (Series):** 651339125.5280

- **Does the fund seek to maintain a stable price per share?:** No

- **Stable Price Per Share:** $0.00

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-05-01 | $2969624617.21            | $4267204923.31             | 50.4900%                  | 72.5500%                   |
| 2025-05-02 | $2957489956.00            | $4188787557.77             | 50.3000%                  | 71.2500%                   |
| 2025-05-05 | $3391245012.34            | $4414944797.04             | 57.2400%                  | 74.5200%                   |
| 2025-05-06 | $2849172775.88            | $4237791852.08             | 47.2000%                  | 70.2000%                   |
| 2025-05-07 | $3208445625.84            | $4238112704.34             | 53.1400%                  | 70.2000%                   |
| 2025-05-08 | $2964787670.47            | $4441672998.26             | 49.0800%                  | 73.5200%                   |
| 2025-05-09 | $2930969743.01            | $4373277955.51             | 48.9800%                  | 73.0800%                   |
| 2025-05-12 | $3177821889.75            | $4523376999.65             | 52.2300%                  | 74.3500%                   |
| 2025-05-13 | $3221704607.06            | $4544851448.01             | 53.4200%                  | 75.3600%                   |
| 2025-05-14 | $3170128400.28            | $4118311305.33             | 55.8300%                  | 72.5200%                   |
| 2025-05-15 | $4800193457.04            | $6164573712.54             | 61.6200%                  | 79.1400%                   |
| 2025-05-16 | $4590989656.28            | $6668219322.05             | 54.5600%                  | 79.2500%                   |
| 2025-05-19 | $2630788189.01            | $4624100167.44             | 41.3200%                  | 72.6200%                   |
| 2025-05-20 | $2811117177.57            | $4819522431.39             | 43.4900%                  | 74.5700%                   |
| 2025-05-21 | $3650748941.84            | $4732074118.24             | 56.6000%                  | 73.3600%                   |
| 2025-05-22 | $3143134882.73            | $4343106242.41             | 51.0100%                  | 70.4800%                   |
| 2025-05-23 | $3102442954.20            | $4292863930.69             | 50.1700%                  | 69.4200%                   |
| 2025-05-27 | $3081997199.22            | $4334549986.05             | 48.8500%                  | 68.7100%                   |
| 2025-05-28 | $3225390836.91            | $4397466986.43             | 49.7300%                  | 67.8000%                   |
| 2025-05-29 | $3080552251.25            | $4483790113.25             | 46.4300%                  | 67.5900%                   |
| 2025-05-30 | $2880588372.01            | $4414741965.72             | 43.5400%                  | 66.7300%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.4400%             |
| 2025-05-02 | 4.4300%             |
| 2025-05-05 | 4.4300%             |
| 2025-05-06 | 4.4300%             |
| 2025-05-07 | 4.4300%             |
| 2025-05-08 | 4.4300%             |
| 2025-05-09 | 4.4300%             |
| 2025-05-12 | 4.4300%             |
| 2025-05-13 | 4.4300%             |
| 2025-05-14 | 4.4300%             |
| 2025-05-15 | 4.4300%             |
| 2025-05-16 | 4.4300%             |
| 2025-05-19 | 4.4300%             |
| 2025-05-20 | 4.4300%             |
| 2025-05-21 | 4.4300%             |
| 2025-05-22 | 4.4300%             |
| 2025-05-23 | 4.4400%             |
| 2025-05-27 | 4.4400%             |
| 2025-05-28 | 4.4400%             |
| 2025-05-29 | 4.4400%             |
| 2025-05-30 | 4.4400%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 0.9999                      |
|  |  |
| 2025-05-02 | 0.9999                      |
|  |  |
| 2025-05-05 | 0.9999                      |
|  |  |
| 2025-05-06 | 0.9999                      |
|  |  |
| 2025-05-07 | 0.9999                      |
|  |  |
| 2025-05-08 | 0.9999                      |
|  |  |
| 2025-05-09 | 0.9999                      |
|  |  |
| 2025-05-12 | 0.9999                      |
|  |  |
| 2025-05-13 | 0.9999                      |
|  |  |
| 2025-05-14 | 0.9999                      |
|  |  |
| 2025-05-15 | 0.9999                      |
|  |  |
| 2025-05-16 | 0.9998                      |
|  |  |
| 2025-05-19 | 0.9999                      |
|  |  |
| 2025-05-20 | 0.9999                      |
|  |  |
| 2025-05-21 | 0.9999                      |
|  |  |
| 2025-05-22 | 0.9999                      |
|  |  |
| 2025-05-23 | 0.9998                      |
|  |  |
| 2025-05-27 | 0.9999                      |
|  |  |
| 2025-05-28 | 0.9999                      |
|  |  |
| 2025-05-29 | 0.9999                      |
|  |  |
| 2025-05-30 | 0.9999                      |
|  |  |

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

### Class: 0L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $650626213.20

- **Number of Shares Outstanding:** 650709750.3920

- **Expense Reimbursement/Waiver:** 105585.22

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9999          |
|  |  |
| 2025-05-02 | 0.9999          |
|  |  |
| 2025-05-05 | 0.9999          |
|  |  |
| 2025-05-06 | 0.9999          |
|  |  |
| 2025-05-07 | 0.9999          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9998          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 0.9999          |
|  |  |
| 2025-05-22 | 0.9999          |
|  |  |
| 2025-05-23 | 0.9998          |
|  |  |
| 2025-05-27 | 0.9999          |
|  |  |
| 2025-05-28 | 0.9999          |
|  |  |
| 2025-05-29 | 0.9999          |
|  |  |
| 2025-05-30 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $7256435.44               | $5604296.92             |
| 2025-05-02 | $1548018.81               | $6258183.87             |
| 2025-05-05 | $870879.91                | $2285812.92             |
| 2025-05-06 | $75089686.68              | $21584219.30            |
| 2025-05-07 | $136715.00                | $1718918.37             |
| 2025-05-08 | $30404358.11              | $1822113.22             |
| 2025-05-09 | $2624762.54               | $61462530.78            |
| 2025-05-12 | $1594094.65               | $945610.15              |
| 2025-05-13 | $13525.77                 | $86434832.00            |
| 2025-05-14 | $50532990.95              | $782634.39              |
| 2025-05-15 | $82165665.82              | $3158829.28             |
| 2025-05-16 | $28290527.47              | $5770668.28             |
| 2025-05-19 | $590264.63                | $101525815.00           |
| 2025-05-20 | $13575187.86              | $1110542.88             |
| 2025-05-21 | $56963.00                 | $11988672.70            |
| 2025-05-22 | $1882875.00               | $57922533.71            |
| 2025-05-23 | $22601420.23              | $1405473.26             |
| 2025-05-27 | $3566007.68               | $37421181.00            |
| 2025-05-28 | $1636430.58               | $7866777.01             |
| 2025-05-29 | $1681921.21               | $5200545.02             |
| 2025-05-30 | $9155398.70               | $3077239.32             |

**Total Gross Subscriptions (Month):** $335274130.04

**Total Gross Redemptions (Month):** $425347429.38

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.2600%           |
| 2025-05-02 | 4.2500%           |
| 2025-05-05 | 4.2500%           |
| 2025-05-06 | 4.2500%           |
| 2025-05-07 | 4.2500%           |
| 2025-05-08 | 4.2500%           |
| 2025-05-09 | 4.2500%           |
| 2025-05-12 | 4.2500%           |
| 2025-05-13 | 4.2500%           |
| 2025-05-14 | 4.2500%           |
| 2025-05-15 | 4.2500%           |
| 2025-05-16 | 4.2400%           |
| 2025-05-19 | 4.2500%           |
| 2025-05-20 | 4.2500%           |
| 2025-05-21 | 4.2500%           |
| 2025-05-22 | 4.2500%           |
| 2025-05-23 | 4.2600%           |
| 2025-05-27 | 4.2600%           |
| 2025-05-28 | 4.2600%           |
| 2025-05-29 | 4.2600%           |
| 2025-05-30 | 4.2600%           |

**Beneficial/Record Owner Categories**
| Category                  | Other Category     | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer             |  | 7.7000%          | 0.0000%              |
| Broker-dealer             |  | 50.8700%         | 0.0000%              |
| Non-financial corporation |  | 25.3400%         | 0.0000%              |
| Other                     | IND FID AS TRUSTEE | 5.9000%          | 0.0000%              |

### Class: 0I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $629235.32

- **Number of Shares Outstanding:** 629375.1360

- **Expense Reimbursement/Waiver:** 4621.22

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9998          |
|  |  |
| 2025-05-02 | 0.9998          |
|  |  |
| 2025-05-05 | 0.9998          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9998          |
|  |  |
| 2025-05-09 | 0.9998          |
|  |  |
| 2025-05-12 | 0.9998          |
|  |  |
| 2025-05-13 | 0.9998          |
|  |  |
| 2025-05-14 | 0.9998          |
|  |  |
| 2025-05-15 | 0.9998          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9998          |
|  |  |
| 2025-05-20 | 0.9998          |
|  |  |
| 2025-05-21 | 0.9998          |
|  |  |
| 2025-05-22 | 0.9998          |
|  |  |
| 2025-05-23 | 0.9998          |
|  |  |
| 2025-05-27 | 0.9998          |
|  |  |
| 2025-05-28 | 0.9998          |
|  |  |
| 2025-05-29 | 0.9998          |
|  |  |
| 2025-05-30 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $2171.58                  | $9.36                   |

**Total Gross Subscriptions (Month):** $2171.58

**Total Gross Redemptions (Month):** $9.36

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.2100%           |
| 2025-05-02 | 4.2000%           |
| 2025-05-05 | 4.2000%           |
| 2025-05-06 | 4.2000%           |
| 2025-05-07 | 4.2000%           |
| 2025-05-08 | 4.2000%           |
| 2025-05-09 | 4.2000%           |
| 2025-05-12 | 4.2000%           |
| 2025-05-13 | 4.2000%           |
| 2025-05-14 | 4.2000%           |
| 2025-05-15 | 4.2000%           |
| 2025-05-16 | 4.1900%           |
| 2025-05-19 | 4.2000%           |
| 2025-05-20 | 4.2000%           |
| 2025-05-21 | 4.2000%           |
| 2025-05-22 | 4.2000%           |
| 2025-05-23 | 4.2100%           |
| 2025-05-27 | 4.2100%           |
| 2025-05-28 | 4.2100%           |
| 2025-05-29 | 4.2100%           |
| 2025-05-30 | 4.2100%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Liquid Reserves Portfolio

- **C.1 - Title:** Liquid Reserves Portfolio
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: NA, C.3 - LEI: N/A, C.5 - Other ID: LMLIQUIDRESERVE
- **C.18 - Value (incl. sponsor support):** $654065763.95
- **C.18.a - Value (excl. sponsor support):** $654065763.95
- **C.19 - Percentage of Net Assets:** 100.0000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **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:** 2025-06-06

**By:** /s/Christopher Berarducci

**Name of Signing Officer:** Christopher Berarducci

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