497 1 d818979d497.htm LEGG MASON PARTNERS INSTITUTIONAL TRUST LEGG MASON PARTNERS INSTITUTIONAL TRUST

VGOF-P29 06/24

 

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LEGG MASON PARTNERS INSTITUTIONAL TRUST

SUPPLEMENT DATED JUNE 3, 2024

TO THE PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION (“SAI”)

OF EACH FUND LISTED IN SCHEDULE A

 

 

Effective June 3, 2024, the following changes are made to the Prospectus and SAI of each fund listed in Schedule A:

 

  a.

The following replaces the reference to Chia-Liang Lian in the section titled “Management – Investment professionals” in each fund’s Prospectus:

 

Investment professional   Title   Investment professional
of the fund since

Kevin J. Ritter

   Head of Emerging Markets   June 2024

 

  b.

The following replaces the reference to Chia-Liang Lian in the section titled “More on fund management – Investment professionals” in each fund’s Prospectus:

 

Investment professional   Title and recent biography   Investment professional
of the fund since

Kevin J. Ritter

   Head of Emerging Markets and has been employed by Western Asset as an investment professional for at least the past five years.   June 2024

  c.

The following replaces the references to Chia-Liang Lian in the section titled “Investment Professionals – Other Accounts Managed by the Investment Professionals” in each fund’s SAI:

 

Investment
Professionals

  

Type of
Account

   Number of
Accounts
Managed		   Total Assets
Managed
(Billions) ($)		   Number of
Accounts
Managed for
which Advisory
Fee is
Performance-
Based		  

Assets
Managed for
which Advisory
Fee is
Performance-
Based
(Billions) ($)

Kevin J. Ritter*

   Registered Investment Companies   1   0.85   None   None
  Other Pooled Investment Vehicles   9   1.71   None   None
  Other Accounts   46   10.79   None   None

 

*

The information is as of April 30, 2024, and does not reflect additional accounts (including the Fund) for which Mr. Ritter will join the portfolio management team on June 3, 2024.

 

  d.

The following replaces the references to Chia-Liang Lian in the section titled “Investment Professionals – Investment Professional Securities Ownership” in each fund’s SAI:

 

Investment Professional

  

Dollar Range of Ownership of Securities ($)

Kevin J. Ritter*

  

None

 

*

The information is as of April 30, 2024.

SCHEDULE A

 

Fund

   

Date of

Prospectus and SAI

LEGG MASON PARTNERS INSTITUTIONAL TRUST

   

Western Asset SMASh Series Core Completion Fund

    June 29, 2023

Western Asset SMASh Series Core Plus Completion Fund

    May 1, 2024

Please retain this supplement for future reference.

 

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