Skip to content

INFXX

Franklin Institutional U.S. Government Money Market Fund

As of 01/12/2026

NAV 1

$1.0000

$0.0000 (0.00%)
As of 01/09/2026

Fund Level Market NAV

$1.0000

 
As of 01/09/2026

Master Fund Level Market NAV

$1.0000

 
As of 01/09/2026

Liquid Asset (Daily) 23

56.02%

 
As of 01/09/2026

Liquid Asset (Weekly) 23

77.98%

 

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 12/31/2025 (Updated Monthly)
$4.65 Billion
Total Net Assets (Master Fund)  As of 2025-12-31 (Updated Monthly)
$9.87 Billion
Shareholder Net Flow4  As of 01/09/2026
$-81.42 Million
Shareholder Net Flow (Master Fund)4  As of 01/09/2026
$-84.94 Million
Dividends & Yields
7-Day Effective Yield56  As of 01/09/2026 (Updated Daily)
3.64%
7-Day Effective Yield—Without Waiver5  As of 01/09/2026 (Updated Daily)
3.61%
7-Day Current Yield56  As of 01/09/2026 (Updated Daily)
3.57%
7-Day Current Yield—Without Waiver5  As of 01/09/2026 (Updated Daily)
3.54%
Sales Charges, Expenses & Fees
As of 11/01/2025
Gross Expense Ratio7 
0.36%
Net Expense Ratio78 
0.17%
Maximum Initial Charge 
N/A
CDSC 
N/A
12b-1 Fee 
N/A
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 12/31/2025 Updated Monthly
Security Name 
TMMP-THE U.S. GOVERNMENT MONEY MARKET PORTFOLIO OEMF USD 1 CL
Weight (%) 
100.00
Market Value ($) 
4,650,963,168
Quantity 
4,650,963,168
Security Name 
Cash and Cash Equivalents
Weight (%) 
0.00
Market Value ($) 
-90,449
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 01/12/2026
w/ Waiver 
3.57%
w/o Waiver 
3.54%
7-Day Effective Yield
As of 01/12/2026
w/ Waiver 
3.64%
w/o Waiver 
3.61%

Distributions Per Share

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
12/31/2025
Ex-Dividend Date  
12/31/2025
Reinvestment Date  
12/31/2025
Payable Date  
12/31/2025
Reinvestment Amount  
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.00312
Total Distribution Per Share  
$0.00312

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 ($)
2024 fund-specific tax information should be available by January 31, 2025.

Pricing

Pricing

Pricing History Chart

As of 01/12/2026 Updated Daily

Daily Fund Prices

As of 01/12/2026

Share Prices

As of 01/12/2026
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 
56.02%
Liquid Asset (Weekly)23 
77.98%

52-Week Range

Highest NAV  As on 01/12/2026
$1.0000
Lowest NAV  As on 01/13/2025
$1.0000

Liquid Assets

6 Month Historical Daily and Weekly Liquid Assets 23
As of 01/09/2026

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2025-07-09 00:00:01 to 2026-01-09 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 33.01 to 88.57.
End of interactive chart.

6 Month Historical Shadow NAV

6 Month Historical Shadow NAV
As of 01/09/2026

Chart

Line chart with 126 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-07-09 00:00:01 to 2026-01-09 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.