MUNICASH INSTITUTIONAL

MCSXX

Tax-ExemptInstitutional
7-day Yield
#470
2.90%
as of 12/31/2025
Net assets
$3.7B
Expense ratio
0.00%
WAM
6
WAL
6
Minimum
$3M
Holding details
84% Variable Rate Demand Notes
11% Tender Option Bonds
5% Other Money Market Funds
as of 12/31/2025

Performance

Portfolio Securities

SecurityYield%
Board of Regents of the University of Texas System3.27%3.41%
State of Texas2.41%2.97%
City of Houston Combined Utility System3.46%2.71%
Iowa Finance Authority3.60%1.69%
New York City Transitional Finance Authority Future Tax Secured2.51%1.69%
Board of Governors of Colorado State University System2.43%1.65%
Harris County Cultural Education Facilities Finance Corp.3.37%1.51%
Metropolitan Transportation Authority Dedicated Tax Fund3.34%1.45%
Ohio State University (The)2.36%1.44%
Sports & Exhibition Authority of Pittsburgh & Allegheny County3.32%1.36%
Harris County Cultural Education Facilities Finance Corp.2.51%1.36%
South Carolina Jobs-Economic Development Authority3.34%1.30%
University of Colorado Hospital Authority2.33%1.27%
Metropolitan Transportation Authority2.51%1.26%
Illinois Finance Authority2.36%1.15%
Michigan State Hospital Finance Authority2.36%1.15%
City of Colorado Springs Utilities System3.36%1.09%
Illinois Finance Authority3.34%1.05%
City of West Palm Beach Utility System2.31%1.04%
City of Jacksonville2.36%0.98%
County of Franklin2.26%0.95%
City of Houston Combined Utility System3.47%0.86%
Northampton County General Purpose Authority3.34%0.85%
South Dakota Housing Development Authority3.27%0.83%
Highlands County Health Facilities Authority3.33%0.83%
Rhode Island Health & Educational Building Corp.2.36%0.82%
University of California1.71%0.82%
Bay Area Toll Authority1.76%0.81%
Arizona Industrial Development Authority2.31%0.80%
Illinois Finance Authority2.46%0.80%
Wisconsin Health & Educational Facilities Authority3.36%0.77%
University of Colorado Hospital Authority3.27%0.75%
Connecticut Housing Finance Authority3.35%0.75%
New York City Transitional Finance Authority Future Tax Secured2.46%0.74%
Illinois Housing Development Authority2.35%0.72%
Tarrant County Cultural Education Facilities Finance Corp.1.65%0.72%
Minnesota Housing Finance Agency3.25%0.68%
Connecticut State Health & Educational Facilities Authority1.96%0.68%
Harris County Cultural Education Facilities Finance Corp.3.27%0.68%
South Dakota Housing Development Authority2.49%0.67%
Utah Water Finance Agency2.46%0.63%
Industrial Development Authority of the City of Phoenix (The)2.01%0.63%
Maryland Economic Development Corp.2.36%0.62%
Durham Housing Authority3.37%0.62%
Eastern Municipal Water District1.55%0.60%
State of Texas2.51%0.60%
New York City Housing Development Corp.3.22%0.60%
Connecticut Housing Finance Authority3.35%0.58%
Mississippi Business Finance Corp.2.51%0.56%
Massachusetts Bay Transportation Authority Sales Tax2.40%0.55%
District of Columbia Water & Sewer Authority2.51%0.54%
Arizona Board of Regents2.41%0.54%
Illinois Finance Authority2.31%0.52%
New York City Transitional Finance Authority Future Tax Secured3.35%0.52%
University of Michigan3.14%0.51%
Alaska Housing Finance Corp.3.27%0.51%
Connecticut Housing Finance Authority3.30%0.51%
City of Columbus Sewerage3.40%0.49%
Wisconsin Health & Educational Facilities Authority2.46%0.49%
University of Colorado Hospital Authority2.46%0.49%
Harris County Cultural Education Facilities Finance Corp.2.57%0.46%
University of Wisconsin Hospitals & Clinics2.46%0.45%
Mississippi Business Finance Corp.2.38%0.44%
Arizona Industrial Development Authority2.31%0.44%
Washington County Authority3.32%0.41%
Mississippi Business Finance Corp.2.51%0.41%
New York City Transitional Finance Authority Future Tax Secured2.51%0.41%
Philadelphia Gas Works Co.3.38%0.38%
Virginia Commonwealth University Health System Authority2.46%0.38%
Connecticut State Health & Educational Facilities Authority1.91%0.38%
City of New York2.51%0.37%
South Carolina Public Service Authority2.64%0.36%
Arizona Industrial Development Authority2.31%0.36%
Iowa Finance Authority3.34%0.36%
Iowa Finance Authority3.27%0.36%
Empire State Development Corp.3.40%0.35%
County of King2.36%0.34%
Wisconsin Housing & Economic Development Authority Home Ownership3.25%0.34%
Bay Area Toll Authority1.76%0.34%
Rhode Island Health & Educational Building Corp.3.37%0.33%
City of Minneapolis2.36%0.33%
New York City Municipal Water Finance Authority2.46%0.33%
Bay Area Toll Authority1.70%0.33%
Iowa Finance Authority3.27%0.32%
Emmaus General Authority2.46%0.31%
JEA Water & Sewer System2.48%0.31%
New York City Municipal Water Finance Authority2.51%0.31%
New York City Municipal Water Finance Authority2.51%0.31%
Maryland Health & Higher Educational Facilities Authority2.41%0.31%
Iowa Finance Authority3.27%0.31%
Minnesota Housing Finance Agency3.27%0.30%
Nebraska Investment Finance Authority2.30%0.30%
University of Wisconsin Hospitals & Clinics2.46%0.30%
Illinois Housing Development Authority3.34%0.30%
Illinois Finance Authority2.46%0.29%
South Dakota Housing Development Authority3.32%0.29%
Rhode Island Health & Educational Building Corp.3.40%0.28%
Orange County Health Facilities Authority3.34%0.28%
County of Sandoval2.31%0.28%
Massachusetts Water Resources Authority2.41%0.27%
Mississippi Business Finance Corp.2.51%0.27%
Hampton Roads Sanitation District3.37%0.27%
County of Utah2.46%0.27%
Bay Area Toll Authority2.26%0.27%
South Carolina Jobs-Economic Development Authority3.34%0.27%
Gulf Coast Industrial Development Authority2.56%0.26%
Maryland Health & Higher Educational Facilities Authority2.46%0.26%
New York City Housing Development Corp.3.22%0.26%
Mississippi Business Finance Corp.2.51%0.25%
Maryland Health & Higher Educational Facilities Authority2.41%0.25%
Bay Area Toll Authority1.70%0.25%
County of Allen2.31%0.24%
Tarrant County Cultural Education Facilities Finance Corp.1.66%0.24%
New York City Housing Development Corp.3.32%0.24%
Southern California Public Power Authority2.06%0.23%
New York City Transitional Finance Authority Future Tax Secured2.51%0.23%
Public Finance Authority2.46%0.23%
City of Gainesville Utilities System2.56%0.22%
Wisconsin Housing & Economic Development Authority3.35%0.22%
Colorado Health Facilities Authority3.27%0.22%
State of Ohio2.45%0.21%
County of Arapahoe3.36%0.20%
Massachusetts Water Resources Authority2.41%0.20%
New York City Municipal Water Finance Authority2.41%0.20%
Bay Area Toll Authority2.61%0.20%
Florida Housing Finance Corp.3.40%0.19%
Cobb County Kennestone Hospital Authority3.37%0.19%
Illinois Finance Authority2.41%0.18%
Tarrant County Cultural Education Facilities Finance Corp.1.71%0.18%
Louisiana Public Facilities Authority3.34%0.18%
Ohio Water Development Authority Water Pollution Control Loan Fund2.46%0.17%
Irvine Ranch Water District2.81%0.16%
New York City Municipal Water Finance Authority3.32%0.16%
Bay Area Toll Authority1.70%0.16%
State of New York Mortgage Agency Homeowner Mortgage2.22%0.16%
California Housing Finance Agency2.51%0.15%
Idaho Health Facilities Authority2.46%0.15%
Wisconsin Housing & Economic Development Authority Home Ownership3.27%0.14%
City of New York2.46%0.14%
Wisconsin Housing & Economic Development Authority3.27%0.14%
Oregon State Facilities Authority3.41%0.13%
Port Arthur Navigation District2.37%0.12%
Lynchburg Economic Development Authority2.52%0.12%
Durham Housing Authority3.41%0.12%
Tarrant County Cultural Education Facilities Finance Corp.2.46%0.11%
Eastern Michigan University2.51%0.10%
South Carolina Jobs-Economic Development Authority3.45%0.10%
University of California1.71%0.09%
Norfolk Economic Development Authority2.36%0.08%
Vermont Housing Finance Agency3.40%0.08%
Regents of the University of California Medical Center Pooled1.76%0.08%
University of California1.81%0.08%
North Dakota Housing Finance Agency3.25%0.07%
Orlando Utilities Commission2.49%0.06%
California Health Facilities Financing Authority1.76%0.06%
City of Colorado Springs Utilities System3.34%0.05%
Alaska Housing Finance Corp.3.27%0.05%
University of Colorado Hospital Authority2.46%0.05%
Arizona Industrial Development Authority2.31%0.05%
State of New York Mortgage Agency Homeowner Mortgage2.35%0.05%
City of Rochester1.70%0.05%
Salt River Pima-Maricopa Indian Community2.38%0.04%
Connecticut State Health & Educational Facilities Authority1.96%0.04%
Arizona Industrial Development Authority2.31%0.04%
Philadelphia Authority for Industrial Development2.49%0.04%
Mississippi Business Finance Corp.2.51%0.03%
North Dakota Housing Finance Agency3.33%0.03%
City of New York2.51%0.03%
Massachusetts Development Finance Agency1.96%0.03%
City of New York2.51%0.03%
University of California3.22%0.03%
Massachusetts Health & Educational Facilities Authority1.55%0.03%
Massachusetts Health & Educational Facilities Authority1.81%0.02%
Illinois Finance Authority2.31%0.02%
District of Columbia2.31%0.02%
State of Louisiana Gasoline & Fuels Tax2.47%0.02%
Mississippi Business Finance Corp.2.51%0.01%
District of Columbia3.52%0.01%
Missouri State Health & Education Facilities Authority, Tender Option Bond Trust Receipts/Certificates1.24%1.54%
Chicago Transit Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.68%
Federal Home Loan Mortgage Corp., Tender Option Bond Trust Receipts/Certificates3.46%0.65%
Oglethorpe Power Corp., Tender Option Bond Trust Receipts/Certificates2.37%0.54%
Baltimore Waste Water, Tender Option Bond Trust Receipts/Certificates2.58%0.53%
South Carolina Jobs Economic Development Authority, Tender Option Bond Trust Receipts/Certificates2.37%0.52%
New York City Transitional Finance Authority, Tender Option Bond Trust Receipts/Certificates3.34%0.45%
National Finance Authority, Tender Option Bond Trust Receipts/Certificates2.37%0.41%
New York City Municipal Water Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.36%
Cape Coral, Water & Sewer System, Tender Option Bond Trust Receipts/Certificates2.36%0.33%
San Antonio, Tender Option Bond Trust Receipts/Certificates3.35%0.32%
St. Louis County, Tender Option Bond Trust Receipts/Certificates2.36%0.29%
Allen County Ohio Hospital Facilities, Tender Option Bond Trust Receipts/Certificates2.37%0.28%
Pennsylvania Housing Finance Agency, Tender Option Bond Trust Receipts2.36%0.28%
University Hospitals Health Systems, Inc., Tender Option Bond Trust Receipts/Certificates2.36%0.27%
Ohio State Hospital, Tender Option Bond Trust Receipts/Certificates2.36%0.25%
Alaska Industrial Development & Export Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.24%
South Carolina Public Service Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.24%
Allen County, Tender Option Bond Trust Receipts/Certificates2.38%0.23%
South Carolina Public Service Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.20%
Corpus Christi Texas Utility System, Tender Option Bond Trust Receipts/Certificates2.36%0.17%
Connecticut State Housing Finance Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.17%
Norfolk Economic Development Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.16%
Tennessee Housing Development Agency Resident, Tender Option Bond Trust Receipts/Certificates2.36%0.15%
Lower Colorado River Authority, Tender Option Bond Trust Receipts/Certificates2.33%0.15%
New York City Tranitional Financing Authority, Tender Option Bond Trust Receipts/Certificates3.16%0.15%
Burke County Development Authority, Tender Option Bond Trust Receipts/Certificates2.37%0.14%
New York Dormitory Authority, Tender Option Bond Trust Receipts/Certificates2.38%0.14%
Lamar Consolidated Independent School District, Tender Option Bond Trust Receipts/Certificates2.36%0.14%
Norfolk Economic Development Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.13%
Rhode Island Health & Education Building Corp., Tender Option Bond Trust Receipts/Certificates2.36%0.12%
Broward County Tourist Development, Tender Option Bond Trust Receipts/Certificates2.36%0.10%
Pittsburg Public Financing Authority, Tender Option Bond Trust Receipts/Certificates3.36%0.06%
Hampton Roads Transport Accountant, Tender Option Bond Trust Receipts/Certificates2.37%0.03%
Metropolitan Washington Airports Authority, Tender Option Bond Trust Receipts/Certificates2.36%0.01%
Nuveen AMT-Free Quality Municipal Income Fund3.37%2.32%
Nuveen AMT-Free Quality Municipal Income Fund2.84%1.52%
Nuveen New York AMT-Free Quality Municipal Income Fund3.36%0.82%
Nuveen New York AMT-Free Quality Municipal Income Fund3.37%0.28%