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INFXX

Franklin Institutional U.S. Government Money Market Fund

As of 02/11/2026

NAV 1

$1.0000

$0.0000 (0.00%)
As of 02/11/2026

Fund Level Market NAV

$1.0000

 
As of 02/11/2026

Master Fund Level Market NAV

$1.0000

 
As of 02/11/2026

Liquid Asset (Daily) 23

54.44%

 
As of 02/11/2026

Liquid Asset (Weekly) 23

73.79%

 

Overview

Fund Description

The fund seeks to provide investors with as high a level of current income as is consistent with the preservation of shareholders’ capital and liquidity. The fund also tries to maintain a stable $1.00 share price. The fund is a "feeder fund" that invests, through the master portfolio, at least 99.5% of its total assets in government securities, cash and repurchase agreements collateralized fully by government securities or cash.

Fund Information
Asset Class 
Money Funds
Share Class Inception Date 
07/17/1985
Fund Inception Date 
07/17/1985
Investment Style 
Money Market
Morningstar Category 
Money Market-Taxable
Lipper Classification 
Instl U.S. Government Money Market Funds
Total Net Assets  As of 01/31/2026 (Updated Monthly)
$5.40 Billion
Total Net Assets (Master Fund)  As of 2026-01-31 (Updated Monthly)
$10.57 Billion
Shareholder Net Flow4  As of 02/11/2026
$-242.71 Million
Shareholder Net Flow (Master Fund)4  As of 02/11/2026
$-246.71 Million
Dividends & Yields
7-Day Effective Yield56  As of 02/11/2026 (Updated Daily)
3.57%
7-Day Effective Yield—Without Waiver5  As of 02/11/2026 (Updated Daily)
3.53%
7-Day Current Yield56  As of 02/11/2026 (Updated Daily)
3.51%
7-Day Current Yield—Without Waiver5  As of 02/11/2026 (Updated Daily)
3.47%
Sales Charges, Expenses & Fees
As of 11/01/2025
Gross Expense Ratio7 
0.36%
Net Expense Ratio78 
0.17%
Maximum Initial Charge 
-
CDSC 
N/A
12b-1 Fee 
-
Identifiers
Ticker 
INFXX
Fund Number 
140
CUSIP Code 
457756500

Portfolio Managers

Shawn Lyons, CFA®

California, United States

Managed Fund Since 1985

Joanne M Driscoll, CFA®

Massachusetts, United States

Managed Fund Since 2024

Michael J Lima, CFA®

Massachusetts, United States

Managed Fund Since 2024

Performance

Portfolio

Portfolio Holdings

Holdings

As of 01/31/2026 Updated Monthly
Security Name 
TMMP-THE U.S. GOVERNMENT MONEY MARKET PORTFOLIO OEMF USD 1 CL
Weight (%) 
100.00
Market Value ($) 
5,398,362,118
Quantity 
5,398,362,118
Security Name 
Cash and Cash Equivalents
Weight (%) 
0.00
Market Value ($) 
-70,060
Quantity 

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Monthly

Rates and Yields

Read important information about results and other investment disclosures
7-Day Current Yield
As of 02/11/2026
w/ Waiver 
3.51%
w/o Waiver 
3.47%
7-Day Effective Yield
As of 02/11/2026
w/ Waiver 
3.57%
w/o Waiver 
3.53%

Distributions Per Share

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
01/30/2026
Ex-Dividend Date  
01/30/2026
Reinvestment Date  
01/30/2026
Payable Date  
01/30/2026
Reinvestment Amount  
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.00301852
Total Distribution Per Share  
$0.00301852

Tax Information

Tax Information

Federal ID Number 94-2984391
For information on tax years prior to 2008, please contact us
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Record Date  
Jan 31
Ordinary Dividends  
0.00340861
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Feb 28
Ordinary Dividends  
0.00306019
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Mar 31
Ordinary Dividends  
0.003375769
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Apr 30
Ordinary Dividends  
0.003263084
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
May 30
Ordinary Dividends  
0.003387689
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Jun 30
Ordinary Dividends  
0.00348852
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Jul 31
Ordinary Dividends  
0.00352955
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Aug 29
Ordinary Dividends  
0.003529627
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Sep 30
Ordinary Dividends  
0.003380427
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Oct 31
Ordinary Dividends  
0.003374596
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Nov 28
Ordinary Dividends  
0.003148175
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Dec 31
Ordinary Dividends  
0.003118397
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.040064634
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
Foreign Source Qualified Dividends 
Direct U.S. Government Obligations 
72.85%
Specified Private Activity Bond Interest 
Dividends Received Deduction 
Section 163(j) 
99.99%
Indiana Resident Taxable Income 
Utah Resident Taxable Income 

Pricing

Pricing

Pricing History Chart

As of 02/11/2026 Updated Daily

Daily Fund Prices

As of 02/11/2026

Share Prices

As of 02/11/2026
NAV1 (Net Asset Value)
$1.0000
NAV Change1 
$0.0000
NAV Change (%)1 
0.00%
Fund Level Market NAV 
$1.0000
Master Fund Level Market NAV 
$1.0000
Liquid Asset (Daily)23 
54.44%
Liquid Asset (Weekly)23 
73.79%

52-Week Range

Highest NAV  As on 02/11/2026
$1.0000
Lowest NAV  As on 02/11/2025
$1.0000

Liquid Assets

6 Month Historical Daily and Weekly Liquid Assets 23
As of 02/11/2026

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2025-08-11 00:00:01 to 2026-02-11 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 48.2 to 88.57.
End of interactive chart.

6 Month Historical Shadow NAV

6 Month Historical Shadow NAV
As of 02/11/2026

Chart

Line chart with 125 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-08-11 00:00:01 to 2026-02-11 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 0.9999 to 1.0003.
End of interactive chart.

Documents

Documents not Available

Risks

What Are the Risks?

You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress. Although the fund invests in U.S. government obligations, an investment in the fund is neither insured nor guaranteed by the U.S. government.

All investments involve risk, including loss of principal. The fund's yield may be affected by changes in interest rates and changes in credit ratings. These and other risks are discussed in the fund’s prospectus.