| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.38 |
| JPMorgan Prime MM Capital (CJPXX) | 4.37 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.34 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 4.34 |
| Invesco Govt & Agency Premier (AGIXX) | 4.33 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.40 |
| Allspring MMF Prm (WMPXX) | 4.38 |
| Invesco Premier Institutional (IPPXX) | 4.38 |
| JPMorgan Liquid Assets Capit (CJLXX) | 4.36 |
| UBS Prime Preferred Fund (UPPXX) | 4.36 |
| Federated Hermes Muni Oblig WS (MOFXX) | 3.04 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 2.94 |
| Vanguard Municipal MMF (VMSXX) | 2.92 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 2.91 |
| Allspring Nat Tax-Free Prem (WFNXX) | 2.88 |
Money Market News
MORE NEWS »
ICI published its latest weekly "Money Market Fund Assets" report, Thursday. The weekly series shows money fund assets rising $31.7 billion to $6.913 trillion, after falling $125.4 billion the week prior and falling $25.4 billion two weeks ago. Massive (presumably) tax-related outflows make last week the largest weekly outflow in history. But money fund assets have still risen in 25 of the last 38, and 36 of the last 53 weeks, increasing by $609.0 billion (or 9.7%) since the Fed cut on 9/18/24 and increasing by $935.1 billion (or 15.6%) since 4/24/24. MMF assets are up by $935 billion, or 15.6%, in the past 52 weeks (through 4/23/25), with Institutional MMFs up $482 billion, or 13.5% and Retail MMFs up $453 billion, or 18.9%. Year-to-date, MMF assets are up by $62 billion, or 0.9%, with Institutional MMFs down $57 billion, or -1.4% and Retail MMFs up $119 billion, or 4.3%.
Inside Money Fund Intelligence
MFI PDF February 2022 Issue |
Largest Money Fund Managers |
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 The February 2022 issue of Money Fund Intelligence features: "Fee Waivers Poised to Shrink, MMF Revenue Ready to Jump," which discusses recent earnings calls and expectations for Fed hikes to remove waivers; "Money Fund University '22 Highlights: Supply, New Regs," which quotes from our latest basic training conference; and, "Swing Pricing Main Focus in SEC's Money Fund Reforms," which covers articles explaining the SEC's controversial fee proposal. Each monthly issue of Money Fund Intelligence features news, performance information and rankings on money market mutual funds. Statistics include: assets, weighted average maturity, weighted average life, expense ratio, 7-day yield, 30-day yield, 1-year, 3-yr, 5-yr, 10-yr, and since inception return, as well as 7- and 30-day gross yields. MFI also contains tables of the top-yielding and the largest money funds, and our benchmark Crane Money Fund Indexes. Subscriptions are $500 a year, and include online access to archived issues and additional features. Bulk discounts and site licenses are available. Write info@cranedata.com or call 1-508-439-4419 to subscribe or to request more information. |
 The table below is excerpted from our monthly spreadsheet product, Money Fund Intelligence XLS. It shows the largest money market mutual fund managers as of January 31, 2022. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). 
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About Crane Data LLC
Crane Data is a money market and mutual fund information company founded by Peter G. Crane and Shaun Cutts. We collect money market mutual fund, bank savings, and cash investment performance, statistics, and information and distribute rankings, news, and indexes.
Crane Data publishes Money Fund Intelligence, Money Fund Intelligence XLS, Money Fund Wisdom, the Crane Money Fund Indexes, and a series of products tracking money markets, mutual funds and cash investments. We also produce conferences, including Crane's Money Fund Symposium. For more information and samples, e-mail info@cranedata.com or call us at 1-508-439-4419.
Link of the Day
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Apr 25
OFR: Treasury Clearing, Repo, SOFR
The Office of Financial Research (OFR) recently published "How the Treasury Clearing Rule for Repo Might Affect SOFR." It states, "The Securities and Exchange Commission (SEC) rule requiring the central clearing of certain U.S. Treasury-secured repurchase agreements (repos) is scheduled to go into effect on June 30, 2027. While there are exceptions, this rule will cover up to 85% of non-centrally cleared repos. As these repos move to clearing, a portion of their associated rates will be used to calculate the Secured Overnight Financing Rate (SOFR), which serves as a benchmark for borrowing cash overnight in the United States." The piece explains, "The inclusion of repo-rate information from newly cleared repos could affect the level and behavior of SOFR and affect the price of many loans and swaps. One way to assess the potential impact is to estimate a hypothetical SOFR that includes representative non-centrally cleared bilateral repos (NCCBR). In this blog, the authors describe their estimation methodology and results. They use a 2022 pilot collection of NCCBR data from the Office of Financial Research (OFR) and apply the SEC rule that governs which NCCBR will need to be cleared. The authors also use tri-party repo data from the Federal Reserve Bank of New York (FRBNY) and GCF and DVP repo data from the OFR, as well as the FRBNY's methodology for calculating SOFR." It adds, "The OFR's pilot collected NCCBR data from nine sell-side participants on three days during June 2022, totaling about $900 billion in outstanding repos per day. The estimation shows …
Apr 23
Weekly MF Portfolio Holdings
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Apr 22
Musser Hired by Merchants Bank
Cary Musser was recently hired by Merchants Bank for the role of Managing Director, Head of Liquidity Solutions.
Apr 09
Eric Edstrom Joins Vanguard
Eric Edstrom has joined Vanguard as Compliance Director of Cash Management and Money Movement. He was previously with RBC.
Apr 02
Davalla Joins Sullivan & Worcester
Sullivan & Worcester announced that Michael Davalla has joined the firm's Investment Management Practice Group as Counsel. (See the release here.) Davalla was previously with K&L Gates.
Crane Data News & Features
contact us »Bond Fund Symposium Going to Calif.
Please join us for our next live conference, Bond Fund Symposium, which will take place in person March 28-29, 2022 in Newport Beach, Calif. Bond Fund Symposium focuses on ultra-short bond funds and investing beyond money market funds. Also, mark your calendars for our next big show, Money Fund Symposium, which is scheduled for June 20-22, 2022 in Minneapolis, Minn., and for our next European Money Fund Symposium, which is scheduled for Sept. 27-28, 2022 in Paris, France. Finally, thanks to those who attended and supported our recent Money Fund University. We'll hold our next MFU on Dec. 15-16, 2022 in Boston, Mass. Watch for details in coming months. Let us know if you'd like more information on any of our shows, and we hope to see you back out on the road soon! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.