US Mutual Fund Flows
US mutual fund net flows and capital movements from the ICI.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total net flow to long-term funds3 | -94.75 | -92.29 | -74.72 | -62.6 | -72.78 | -33.49 | -48.45 | -142.66 | -80.98 | -104.09 | -71 | -64.14 | -335.97 | -67.77 | -42.3 | -118.41 | -86.55 | -48.05 | -61.68 | -97.9 | -53.74 | -57.24 | -40.08 | -52.54 | -57.81 | -54.38 | -41.07 | -64.92 | -24.95 | -2.98 | -20.57 | |
| Equity funds2 | -102.76 | -104.87 | -110.45 | -69.45 | -50.3 | -64.09 | -84.15 | -148.79 | -80.41 | -116.61 | -93.68 | -74.02 | -367.17 | -74.86 | -56.92 | -38.84 | -66.45 | -55.47 | -61.65 | -94.33 | -55.78 | -82.49 | -46.96 | -47.62 | -61.32 | -38.82 | -40.87 | -59.75 | -43.79 | -31.77 | -44.92 | |
| Domestic equity5 | -70.65 | -81.6 | -88.59 | -65.64 | -38.67 | -45.7 | -63.14 | -114.84 | -73.14 | -104.21 | -78.83 | -64.85 | -357.45 | -61.65 | -41.98 | -21.25 | -46 | -39.43 | -48.68 | -76.56 | -54.25 | -68.06 | -35.83 | -37.92 | -51.16 | -37.05 | -31.69 | -46.98 | -31.79 | -29.15 | -39.25 | |
| Large cap | -30.12 | -42.64 | -53.73 | -32.87 | -20.09 | -20.23 | -29.15 | -58.12 | -34.96 | -50.47 | -45.3 | -26.5 | -286.15 | -23.32 | -21.77 | -0.71 | -20.75 | -18.15 | -18.28 | -33.24 | -26.01 | -34.57 | -14.74 | -14.2 | -23.6 | -13.95 | -8.27 | -20.55 | -10.52 | -7.87 | -12.72 | |
| Mid cap | -12.03 | -9.82 | -8.81 | -6.05 | -9.14 | -6.32 | -7.86 | -11.15 | -8 | -9.41 | -7.6 | -6.14 | -43.75 | -7.9 | -4.63 | -5.72 | -5.25 | -2.8 | -7.26 | -8.51 | -5.47 | -7.93 | -5.41 | -3.18 | -4.27 | -3.99 | -5.78 | -5.86 | -3.83 | -4.86 | -5.14 | |
| Small cap | -6.77 | -7.59 | -5.48 | -5.67 | -7.97 | -4.73 | -7.09 | -8.83 | -7.68 | -7.6 | -8.14 | -8.56 | -8.78 | -6.96 | -5.44 | -4.26 | -3.71 | -4.66 | -5.4 | -5.62 | -3.67 | -6.25 | -3.65 | -5.52 | -5.07 | -1.84 | -3.59 | -5.4 | -2.23 | -2.37 | -4.17 | |
| Multi cap | -19.12 | -19.08 | -18.78 | -16.95 | 0.72 | -12.9 | -17.62 | -33.11 | -19.34 | -34.51 | -15.8 | -21.46 | -16.92 | -20.71 | -8.79 | -7.75 | -11.09 | -10.93 | -15.65 | -26.8 | -18.68 | -18.01 | -10.96 | -11.64 | -15.35 | -14.86 | -11.81 | -13.36 | -12.99 | -12.94 | -15.85 | |
| Other domestic equity | -2.62 | -2.47 | -1.79 | -4.11 | -2.19 | -1.52 | -1.42 | -3.63 | -3.17 | -2.23 | -1.99 | -2.18 | -1.85 | -2.77 | -1.35 | -2.81 | -5.2 | -2.9 | -2.09 | -2.38 | -0.42 | -1.3 | -1.06 | -3.38 | -2.87 | -2.41 | -2.24 | -1.81 | -2.22 | -1.12 | -1.38 | |
| World equity2 | -32.11 | -23.27 | -21.86 | -3.8 | -11.63 | -18.4 | -21.01 | -33.95 | -7.27 | -12.4 | -14.86 | -9.18 | -9.72 | -13.21 | -14.94 | -17.59 | -20.45 | -16.04 | -12.98 | -17.77 | -1.53 | -14.43 | -11.13 | -9.7 | -10.16 | -1.77 | -9.18 | -12.77 | -12.01 | -2.62 | -5.67 | |
| Developed market | -30.07 | -16.58 | -17.33 | -8.3 | -10.29 | -16.15 | -17.18 | -29.77 | -5.78 | -10.12 | -12.15 | -7.27 | -6.46 | -11.31 | -11.57 | -13.64 | -16.65 | -12.83 | -11.51 | -13.13 | -1.13 | -9.94 | -10.09 | -8.35 | -9.08 | -3.41 | -6.76 | -11.31 | -9.94 | -3.49 | -6.92 | |
| Emerging market | -2.04 | -6.69 | -4.53 | 4.5 | -1.34 | -2.25 | -3.83 | -4.18 | -1.49 | -2.28 | -2.71 | -1.91 | -3.27 | -1.91 | -3.37 | -3.95 | -3.81 | -3.21 | -1.47 | -4.64 | -0.4 | -4.49 | -1.05 | -1.36 | -1.08 | 1.64 | -2.42 | -1.46 | -2.07 | 0.87 | 1.25 | |
| Hybrid funds | -6.84 | -10.23 | -7.06 | -5.72 | -11.03 | -3.17 | -5.87 | -8.76 | -8.21 | -7.5 | -5.7 | -6.51 | -5.62 | -7.07 | -6.56 | -13.93 | -12.67 | -7.02 | -8.61 | -10.17 | -12.29 | -8.87 | -9.66 | -8.8 | -10.11 | -9.3 | -7.99 | -13.07 | -7.78 | -8.74 | -8.26 | |
| Bond funds2 | 14.85 | 22.81 | 42.79 | 12.57 | -11.45 | 33.78 | 41.56 | 14.9 | 7.64 | 20.02 | 28.38 | 16.4 | 36.82 | 14.16 | 21.19 | -65.64 | -7.43 | 14.43 | 8.59 | 6.6 | 14.33 | 34.11 | 16.54 | 3.88 | 13.61 | -6.26 | 7.79 | 7.9 | 26.62 | 37.53 | 32.62 | |
| Taxable bond5 | 10.94 | 18.8 | 35.96 | 10.81 | -12.51 | 24.8 | 36.63 | 13.48 | 7.4 | 20.51 | 23.51 | 15.91 | 32.97 | 11.83 | 16.4 | -56.87 | -7.19 | 11.99 | 4.91 | 8.61 | 11.39 | 28.53 | 11.65 | -0.36 | 11.17 | -5.75 | 6.64 | 8.81 | 24.1 | 34.61 | 26.42 | |
| Investment grade | 14.33 | 10.32 | 20.93 | 1.9 | -8.27 | 8.94 | 18.15 | 6.21 | 0.98 | 13.19 | 12.29 | 5.59 | 17.01 | 7.84 | 3.88 | -32.51 | -11.72 | 2.64 | -3.2 | 6.06 | 3.76 | 20.26 | 2.98 | -5.12 | 0.25 | -6.91 | -1.73 | 7.69 | 13.43 | 15.48 | 10.76 | |
| High yield | 0.61 | 0.77 | -3.12 | 2.52 | -5.21 | -2.2 | -1.12 | -2.86 | -2.56 | -3.4 | -0 | -0.52 | 0.2 | 0.59 | 1.22 | -10.96 | -2.17 | 3.56 | 3.04 | 0.15 | 0.81 | 1.2 | 1.17 | -0.73 | 2.07 | -0.75 | 2.3 | -1.39 | 0.78 | 1.44 | 1.56 | |
| Government bonds | 0.18 | 1.05 | 5.66 | -2.7 | -1.46 | 1.27 | 1.47 | 1.2 | 1.14 | 2.04 | 0.6 | -0.71 | 3.4 | -2.79 | 3.27 | -4.47 | -5.09 | 0.69 | 0.42 | -0.31 | 0.02 | -1.31 | -2.02 | 0.73 | 0.1 | -0.4 | -0.47 | -1.45 | 1.79 | 2.94 | 2.13 | |
| Multisector | 4.33 | 3.69 | 4.6 | 1.86 | 0.55 | 8 | 8.38 | 5.52 | 4.76 | 6.23 | 6.44 | 9.08 | 6.98 | 3.14 | 4.96 | -4.26 | 13.87 | 2.9 | 3.92 | 1.72 | 4.33 | 5.28 | 8.38 | 5.99 | 4.45 | 1.69 | 4.19 | 3.72 | 5.15 | 8.84 | 6.65 | |
| Global bond | -8.51 | 2.98 | 7.9 | 7.23 | 1.88 | 8.8 | 9.75 | 3.41 | 3.08 | 2.45 | 4.18 | 2.47 | 5.38 | 3.05 | 3.06 | -4.67 | -2.09 | 2.2 | 0.73 | 0.98 | 2.47 | 3.09 | 1.15 | -1.23 | 4.3 | 0.63 | 2.35 | 0.24 | 2.95 | 5.92 | 5.34 | |
| Municipal bond (tax-exempt) | 3.91 | 4.01 | 6.83 | 1.75 | 1.06 | 8.98 | 4.93 | 1.42 | 0.24 | -0.48 | 4.87 | 0.49 | 3.85 | 2.33 | 4.79 | -8.76 | -0.24 | 2.45 | 3.68 | -2.01 | 2.94 | 5.59 | 4.88 | 4.25 | 2.45 | -0.51 | 1.15 | -0.91 | 2.51 | 2.92 | 6.2 |
Latest reading
Total net flow to long-term funds stood at −94.75 USD billion in Jul 2026. That is −2.46 USD billion from Jun 2026 and +241.22 USD billion from a year earlier. The series on this page is monthly and runs from Jan 2024 to Jul 2026. Source: Investment Company Institute (ICI).
- Latest
- −94.75 USD billion
- Jul 2026
- vs previous period
- −2.46 USD billion
- Jun 2026
- vs a year earlier
- +241.22 USD billion
About this data
US mutual fund net flows and capital movements from the ICI. This monthly table tracks net capital additions and withdrawals for long-term funds in USD billion. Published by the Investment Company Institute since 2024, it measures retail investor risk appetite across equity, bond, and hybrid funds.
Frequently asked questions
- What do US mutual fund flows measure?
- They measure the net capital added to or withdrawn from long-term mutual funds by United States investors, reflecting household risk appetite rather than professional trading strategies.
- How often are US mutual fund flows published and what is the historical coverage?
- The Investment Company Institute publishes these figures monthly, with data series extending back to 2024.
- What breakdowns are available in the fund flows table?
- The classification covers equity funds by market capitalization and geography, hybrid funds, and bond funds split by taxable investment-grade, high-yield, government, and municipal categories.
- How do retail fund flows relate to market cycles?
- Retail flows often lag market movements, with the heaviest withdrawals from equity funds frequently occurring near major market bottoms.
