04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:03
90522-P1 04/26
LEGG MASON PARTNERS INSTITUTIONAL TRUST
SUPPLEMENT DATED APRIL 17, 2026
TO THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
DATED MAY 1, 2025, OF
WESTERN ASSET SMASH SERIES CORE PLUS COMPLETION FUND (THE "FUND")
All changes described below are effective May 1, 2026.
I. The following replaces the references to Ryan K. Brist and Walter E. Kilcullen in the section titled "Management - Investment professionals" in the Fund's Prospectus:
|
Investment professional |
Title |
Investment |
|
Mark S. Lindbloom |
Deputy CIO, Portfolio Manager |
May 2026 |
|
Amit Chopra |
Portfolio Manager |
May 2026 |
|
Nicholas Mastroianni |
Portfolio Manager |
May 2026 |
|
Rafael Zielonka |
Portfolio Manager |
May 2026 |
II. The following replaces the references to Ryan K. Brist and Walter E. Kilcullen in the section titled "More on fund management - Investment professionals" in the Fund's Prospectus:
|
Investment professional |
Title and recent |
Investment |
|
Mark S. Lindbloom |
Deputy CIO, Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years. |
May 2026 |
|
Amit Chopra |
Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years. |
May 2026 |
|
Nicholas Mastroianni |
Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years. |
May 2026 |
|
Rafael Zielonka |
Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years. |
May 2026 |
III. The following replaces the references to Ryan K. Brist and Walter E. Kilcullen in the table in the section titled "Investment Professionals - Other Accounts Managed by the Investment Professionals" in the Fund's SAI:
|
Investment |
Type of Account |
Number of |
Total
Assets ($) |
Number of
Advisory |
Assets
Advisory |
|
Amit Chopra* |
Registered Investment Companies |
9 |
7.14 |
None |
None |
|
Investment |
Type of Account |
Number of |
Total
Assets ($) |
Number of
Advisory |
Assets
Advisory |
|
Other Pooled Investment Vehicles |
4 |
0.53 |
None |
None |
|
|
Other Accounts |
37 |
16.46 |
None |
None |
|
|
Mark S. Lindbloom* |
Registered Investment Companies |
13 |
9.91 |
None |
None |
|
Other Pooled Investment Vehicles |
11 |
2.52 |
None |
None |
|
|
Other Accounts |
53 |
20.04 |
None |
None |
|
|
Nicholas Mastroianni* |
Registered Investment Companies |
13 |
9.28 |
None |
None |
|
Other Pooled Investment Vehicles |
4 |
0.53 |
None |
None |
|
|
Other Accounts |
32 |
13.43 |
None |
None |
|
|
Rafael Zielonka* |
Registered Investment Companies |
5 |
4.11 |
None |
None |
|
Other Pooled Investment Vehicles |
5 |
1.45 |
None |
None |
|
|
Other Accounts |
4 |
0.73 |
None |
None |
* The information is as of March 31, 2026.
IV. The following replaces the references to Ryan K. Brist and Walter E. Kilcullen in the table in the section titled "Investment Professionals - Investment Professional Securities Ownership" in the Fund's SAI:
|
Investment Professionals |
Dollar Range of Ownership of Securities ($) |
|
Amit Chopra* |
None |
|
Mark S. Lindbloom* |
None |
|
Nicholas Mastroianni* |
None |
|
Rafael Zielonka* |
None |
* The information is as of March 31, 2026.
V. The following footnote is added following each reference to Christopher Kilpatrick and Julien Scholnick in the Fund's Prospectus and SAI:
* Effective September 30, 2026, Christopher Kilpatrick and Julien Scholnick will each step down as a member of the investment professional team for the fund.
Please retain this supplement for future reference.