CILXX — Western Asset Institutional Liquid Reserves

Data updated: 2025-12-23

CILXX — Western Asset Institutional Liquid Reserves. Money Market · 0.18% expense ratio. Holdings, fees, performance and SEC filings.

CILXX Fund Overview

CILXX — Western Asset Institutional Liquid Reserves is a US mutual fund managed by Legg Mason Partners Institutional Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

CILXX Investment Objective and Strategy

Western Asset Institutional Liquid Reserves describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Partners Institutional Trust.

Investment objective

The fund’s investment objective is to provide shareholders with liquidity and as high a level of current income as is consistent with preservation of capital.

Principal investment strategy

The fund is a money market fund that invests in high quality, U.S. dollar-denominated short-term debt securities that, at the time of purchase, are rated by one or more rating agencies in the highest short-term rating category or, if not rated, are determined by the subadviser to be of equivalent quality. The fund may invest in all types of money market instruments, including bank obligations, commercial paper and asset-backed securities, structured investments, repurchase agreements and other short-term debt securities. These instruments may be issued or guaranteed by all types of issuers, including U.S. and foreign banks and other private issuers, the U.S. government or any of its agencies or instrumentalities, U.S. states and municipalities, or foreign governments. These securities may pay interest at fixed, floating or adjustable rates, or may be issued at a discount.

The fund may invest without limit in bank obligations, such as certificates of deposit, fixed time deposits and bankers acceptances. The fund generally limits its investments in foreign securities to U.S. dollar denominated obligations of issuers, including banks and foreign governments, located in the major industrialized countries, although with respect to bank obligations, the branches of the banks issuing the obligations may be located in The Bahamas or the Cayman Islands. Under Rule 2a-7 of the Investment Company Act of 1940, as amended, the fund must follow strict rules as to the credit quality, liquidity, diversification and maturity of its investments. Where required by these rules, the funds subadviser or Board of Trustees (the Board) will decide whether a security should be held or sold in the event of credit downgrades or certain other events occurring after purchase.

The fund sells and redeems its shares at prices based on the current market value of the securities it holds. Therefore, the share price of the fund will fluctuate along with changes in the market-based value of fund assets. Because the share price of the fund fluctuates, it has what is called a floating net asset value or floating NAV.

CILXX Costs and Fees

CILXX costs about $18 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.18%
  • Gross expense ratio: 0.25%

CILXX Debt Constituents

No individual debt constituents are reported in Western Asset Institutional Liquid Reserves's latest SEC N-PORT filing.

CILXX Prospectus and SEC Filings

Official Western Asset Institutional Liquid Reserves filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.