WAEXX — Western Asset Premier Institutional U.S. Treasury Reserves
Data updated: 2025-12-23
WAEXX — Western Asset Premier Institutional U.S. Treasury Reserves. Money Market · 0.14% expense ratio. Holdings, fees, performance and SEC filings.
WAEXX Fund Overview
WAEXX — Western Asset Premier Institutional U.S. Treasury 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.
- Type: US mutual fund
- Manager: Legg Mason Partners Institutional Trust
- Category: Money Market
- Ticker: WAEXX
- SEC CIK: 0000889512
- SEC series ID: S000066841
- Share class ID: C000215196
WAEXX Investment Objective and Strategy
Western Asset Premier Institutional U.S. Treasury 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 funds investment objective is to provide shareholders with liquidity and as high a level of current income from U.S. government obligations as is consistent with preservation of capital.
Principal investment strategy
The fund is a money market fund that, under normal circumstances, invests at least 80% of its net assets in U.S. Treasury obligations. In addition, the fund may invest in repurchase agreements that are fully collateralized by U.S. Treasury obligations or cash. U.S. Treasury obligations include, without limitation, U.S. Treasury bills, notes and bonds; STRIPS, which are individual interest and principal components of eligible Treasury notes and bonds that are traded as separate securities; and TIPS, which are inflation-protected securities issued by the U.S. Treasury, the principal of which increases with inflation and decreases with deflation, as measured by the Consumer Price Index. The fund holds all of its assets in U.S. Treasury obligations, repurchase agreements that are fully collateralized by U.S.
Treasury obligations, and cash. Therefore, the fund meets the requirement under Rule 2a-7 under the Investment Company Act of 1940, as amended (the 1940 Act), that a government money market fund invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. Government securities means any securities issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. As a government money market fund, the fund tries to maintain a share price of $1.00.
Pursuant to Rule 2a-7 under the 1940 Act, the fund must follow strict rules as to the quality, liquidity, diversification and maturity of its investments. The fund may hold cash for cash management and defensive purposes. During unusual market conditions, the fund may hold up to 100% of its assets in cash. Although the fund intends to invest in U.S. government securities, an investment in the fund is neither insured nor guaranteed by the U.S. government.
WAEXX Holdings
Top 1 holdings of Western Asset Premier Institutional U.S. Treasury Reserves by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Treasury Reserves Portfolio | 100.00% |
WAEXX Costs and Fees
WAEXX costs about $14 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.14%
- Gross expense ratio: 0.25%
WAEXX Debt Constituents
No individual debt constituents are reported in Western Asset Premier Institutional U.S. Treasury Reserves's latest SEC N-PORT filing.
WAEXX Prospectus and SEC Filings
Official Western Asset Premier Institutional U.S. Treasury 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.