| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.71 |
| JPMorgan Prime MM Capital (CJPXX) | 3.71 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.69 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Allspring MMF Prm (WMPXX) | 3.71 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.71 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.70 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.06 |
| Allspring Nat T-F Prem (WFNXX) | 1.90 |
| Federated Hermes Muni Oblig WS (MOFXX) | 1.84 |
| JPMorgan Tax Free MM Instit (JTFXX) | 1.78 |
| Schwab Municipal MF Ultra (SWOXX) | 1.78 |
Money Market News
MORE NEWS »
A press release titled, "Federated Hermes enters strategic alliance with Conduit Digital Holdings on tokenized money market fund in Asia Pacific," tells us, "Federated Hermes, Inc. (FHI) ... announced a strategic alliance with Singapore-based Conduit Digital Holdings Pte Ltd, part of the Conduit Group, to support the launch of a regulated tokenized distribution structure in APAC. Under this arrangement, the Conduit-managed investment fund will invest in the Federated Hermes Short-Term U.S. Prime Fund. Shares of the Conduit fund, which provide exposure to the underlying Federated Hermes fund, will then be tokenized and offered to institutional and wholesale investors, in APAC." (Note: We're still taking registrations for our European Money Fund Symposium, which is in just 3 weeks -- Sept. 24-25, 2026 in Paris, France! We hope to see you there!)
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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Sep 03
JPM Update on July Portfolio Holdings
Last week, J.P. Morgan wrote in its "JPM Mid-Week US Short Duration Update," that, "July was a muted month for MMFs, with inflows totaling just $15bn, the weakest July inflows since 2021.... However, beneath the surface, `MMFs absorbed a large share of the nearly $300bn increase in net T-bill supply to private investors in July. Indeed, MMFs increased their T-bill allocations by $264bn last month, absorbing nearly 88% of the issuance. Against this backdrop of muted inflows but heavy T-bill absorption, MMFs rotated out of repo, with total repo allocations declining by $124bn, bringing their allocation as a share of portfolio holdings down to 35%, the lowest since October of last year." They tell us, "Unsurprisingly, most of the decline in repo exposure came from the FICC-cleared repo, likely reflecting a reversal of June quarter-end balance sheet effects. At the same time, MMFs' dealer repo exposure surged, rising $101bn and bringing total dealer repo exposure to nearly $2.1tn.... Within dealer repo, exposure to U.S. banks increased by $75bn to $979bn, taking the year-to-date repo increase to $187bn. In contrast, exposure to Canadian dealers declined by $100bn in July, likely reflecting balance sheet adjustments around Canadian bank quarter-end. Outside of repo, government MMFs have also trimmed other exposures; allocations to Treasury coupons and FRNs declined by $89bn, consistent with a rotation into T-bills this month. Government MMFs' allocations to agencies rose, modestly, to $1.18tn, driven by …
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Aug 17
Hazard Retires from Tradeweb/ICD
Tory Hazard retired from Tradeweb/ICD. (See his LinkedIn post here.) He was CEO of ICD when it was acquired by Tradeweb, and was currently Head of the ICD Portal business for Tradeweb. We thank Tory for everything and wish him all the best!
Aug 10
Western Seeks Research Analyst
Western Asset, part of Franklin Templeton, is seeking a Research Analyst based in New York. Click here for info.
Jul 28
Sirochinsky Joins Wells Fargo
Greg Sirochinsky has joined Wells Fargo as a Managing Director & Head of Fixed Income Financing Sales. He was previously with Deutsche Bank.
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.