| Western Asset Prem Inst Liq Res Cap (WAAXX) | 4.03 |
| JPMorgan Prime MM Capital (CJPXX) | 4.01 |
| Allspring Heritage Select (WFJXX) | 3.98 |
| UBS Select ESG Prime Preferred Fund (SSPXX) | 3.95 |
| State Street Inst Liq Reserve Prem (SSIXX) | 3.94 |
| JPMorgan Liquid Assets Cap (CJLXX) | 4.01 |
| Allspring MMF Prm (WMPXX) | 3.99 |
| Fidelity Inv MM: MM Port Inst (FNSXX) | 3.97 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.94 |
| Schwab Value Adv MF Ultra (SNAXX) | 3.91 |
| Allspring Nat T-F Prem (WFNXX) | 2.13 |
| Federated Hermes Muni Obligs WS (MOFXX) | 2.09 |
| Schwab CA Municipal MF Ultra (SCAXX) | 2.00 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 1.85 |
| Dreyfus AMT Free T-E Cash Mg In (DEIXX) | 1.83 |
Money Market News
MORE NEWS »
BlackRock recently launched a new Treasury (and repo) money market fund, Circle Reserve Fund, exclusively for Circle Internet Financial, which offers one of the largest stablecoins, USDC. The fund, with ticker USDXX (for its Institutional Shares), was launched on November 3, and has already grown to a hefty $12.8 billion. It has an expense ratio of 0.21% (0.17% after waivers), a minimum initial investment of $2 billion, a WAM (weighted average maturity) of 41 days and a 7-day yield of 3.84% (as of 11/29). BlackRock is the Manager and Distributor, while BNY Mellon is the Custodian and Accounting Services Provider, according to the fund's N-1A registration filing. USDC is approximately $43.9 billion in size, while the largest stablecoin, Tether, is $65.9 billion (though the latter has been decreasing of late). (See too today's Wall Street Journal story, "Rising Tether Loans Add Risk to Stablecoin, Crypto World.")
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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Dec 01
State Street's New Peer-to-Peer Repo
A press release entitled, "State Street Launches Venturi to Support Peer-to-Peer Financing," tells us, "State Street Corporation (NYSE: STT) today announced the launch of the firm's new peer-to-peer financing platform, Venturi, specifically designed to connect buy-side firms with new sources of liquidity in the global repo space. Venturi, built through a partnership with FinOptSys, a cutting edge FinTech focused on the securities financing market, supports trade negotiations and enhances trade settlement and collateral management, allowing traders to better manage and diversify their counterparty exposure." Gino Timperio, global head of Financing Solutions, says, "As a result of elevated market volatility and the changing liquidity and rate environment, buy-side firms are increasingly seeking new and diversified sources of financing. We are excited to further expand our product suite with the launch of Venturi to help foster the growth of and scale the peer-to-peer marketplace. Akin to our 2005 launch of FICC's Sponsored Repo Service, which has also provided our clients with critically needed liquidity solutions, we believe Venturi will empower our clients to discover new liquidity pools and make better, data-driven investment decisions. The launch of this platform -- designed in large part through extensive development and feedback from our clients -- is certainly a very noteworthy milestone for our business and the evolution of our peer-to-peer initiatives." The release tells us, "Venturi was built to provide clients: Increased Efficiency: Users negotiate economic terms of peer repo transactions on Venturi. A program master repo agreement streamlines the documentation process and supports ready scalability. Users may engage with any or all counterparties active …
People
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Nov 16
Malone Moves to SSGA
Julianne Malone has joined State Street Global Advisors as a Vice President. She was previously with Fidelity Investments.
Nov 04
Cavu Seeks Cash Sales
Cavu Securities is seeking to expand its cash sales team. Click here for details.
Oct 19
Roever Leaving J.P. Morgan
Alex Roever will be leaving J.P. Morgan Securities at the end of the month.
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.