Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Jan. 27, 2023 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 4.59
Western Asset Prem Inst Liq Res Cap (WAAXX) 4.50
Allspring Heritage Select (WFJXX) 4.49
DWS ESG Liquidity Inst (ESGXX) 4.48
UBS Select ESG Prime Preferred Fund (SSPXX) 4.48
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Cap (CJLXX) 4.53
Allspring MMF Prm (WMPXX) 4.48
UBS Prime Preferred Fund (UPPXX) 4.46
Fidelity Inv MM: MM Port Inst (FNSXX) 4.43
Schwab Value Adv MF Ultra (SNAXX) 4.42
Tax Exempt Money Funds 7-Day Yield%
Schwab Municipal MF Ultra (SWOXX) 2.31
Federated Hermes Muni Obligs WS (MOFXX) 2.13
Allspring Muni Cash Mgmt MM Inst (EMMXX) 2.13
Vanguard Municipal MMF (VMSXX) 2.04
Morgan Stanley Inst Liq T-E Inst (MTTXX) 2.02

Money Market News


Federated Hermes released its Q4'22 earnings and hosted its quarterly earnings call late last week, which discussed record money fund assets and seasonal flows, the end of fee waivers and money funds vs. bank deposits. The press release, entitled, "Federated Hermes, Inc. reports fourth quarter and full-year 2022 earnings," quotes President & CEO J. Christopher Donahue, "Federated Hermes' record assets at year-end 2022 were driven by money market asset increases and investor interest in our flagship Total Return Bond Fund and related separate accounts, as well as continued demand for our popular dividend income equity products. In addition, investors valued our investment perspective as they sought haven from market volatility in a diverse range of Federated Hermes products -- from money market funds to low-duration fixed-income options to market neutral and bear market alternative strategies." (See Federated Hermes' Q4 2022 Earnings Call Transcript from Seeking Alpha.)


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.

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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).

Excerpt from MFI XLS

About Crane Data LLC

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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.


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Dec 27
Musser Joins Citizens; Medico Leaves

Cary Musser joined Citizens Bank as a Senior Vice President, Senior Liquidity Specialist. Also, John Medico is no longer with Citizens.

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Dec 21
Poon Leaves Abrdn

Kam Poon is no longer with Aberdeen Standard.

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Dec 13
Federated Seeks Sales on West Coast

Federated Hermes is seeking a Senior Sales Representative – Liquidity Sales for the West Coast. Click here for details.

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Crane Data News & Features

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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.