---
title: "Cash is still paying over 4 percent and these 3 ETFs squeeze out more after-tax yield than any money market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293824487.md"
description: "With cash yields over 4%, high-tax investors can boost after-tax returns using three ETFs: BOXX converts T-bill returns to capital gains for federal tax efficiency; JAAA offers higher yield via AAA CLO tranches; and TFLO provides state tax-exempt Treasury floaters. These strategies address the erosion of money market yields by taxes, offering alternatives tailored to specific investor profiles."
datetime: "2026-07-25T14:12:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293824487.md)
  - [en](https://longbridge.com/en/news/293824487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293824487.md)
---

# Cash is still paying over 4 percent and these 3 ETFs squeeze out more after-tax yield than any money market

Quick ReadBOXX converts T-bill returns into long-term capital gains taxed at 20% instead of 37%, while JAAA pays 4.95% from AAA-rated CLO tranches.TFLO's Treasury floaters are exempt from state and local taxes, delivering up to 130 extra basis points for California and New York residents.Taxes can strip a third or more from money market distributio...

### Related Stocks

- [BOXX.US](https://longbridge.com/en/quote/BOXX.US.md)
- [JAAA.US](https://longbridge.com/en/quote/JAAA.US.md)
- [TFLO.US](https://longbridge.com/en/quote/TFLO.US.md)

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