497 1 d918824d497.htm LEGG MASON PARTNERS INSTITUTIONAL TRUST LEGG MASON PARTNERS INSTITUTIONAL TRUST

VGOF-P2 01/25

 

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LEGG MASON PARTNERS INSTITUTIONAL TRUST

SUPPLEMENT DATED JANUARY 10, 2025

TO THE PROSPECTUS AND STATEMENT OF

ADDITIONAL INFORMATION (“SAI”)

OF EACH FUND LISTED IN SCHEDULE A

 

 

Effective January 10, 2025, the following changes are made to each fund’s Prospectus and SAI:

 

  a.

The following replaces the reference to Kevin J. Ritter in the section titled “Management – Investment professionals” in each fund’s Prospectus.

 

Investment professional   Title   Investment
professional of
the fund since

Christopher F. Kilpatrick

   Portfolio Manager   January 2025

 

  b.

The following replaces the reference to Kevin J. Ritter 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

Christopher F. Kilpatrick

   Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years.   January 2025

  c.

The following replaces the reference to Kevin J. Ritter 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) ($)

Christopher F.
Kilpatrick*

   Registered Investment Companies   9   3.14   None   None
  Other Pooled Investment Vehicles   6   0.463   3   0.322
  Other Accounts   None   None   None   None

 

  *   The information is as of January 9, 2025, and does not reflect additional accounts for which Mr. Kilpatrick joined the portfolio management team on January 10, 2025.

 

  d.

The following replaces the reference to Kevin J. Ritter in the section titled “Investment Professionals – Investment Professional Securities Ownership” in each fund’s SAI:

 

Investment Professional

   

Dollar Range of Ownership of Securities ($) 

Christopher F. Kilpatrick*

   

None

 

  *   The information is as of January 9, 2025.

SCHEDULE A

 

Fund

  

Date of
Prospectus and
SAI

LEGG MASON PARTNERS INSTITUTIONAL TRUST

  

Western Asset SMASh Series Core Completion Fund

   July 1, 2024

Western Asset SMASh Series Core Plus Completion Fund

   May 1, 2024

Please retain this supplement for future reference.

 

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