Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Dec. 19, 2024 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 4.65
State Street Inst Liq Reserve Prem (SSIXX) 4.63
BlackRock Lq TempCash Inst (TMCXX) 4.62
JPMorgan Prime MM Capital (CJPXX) 4.62
Federated Hermes Inst Prime Oblig IS (POIXX) 4.61
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.70
Allspring MMF Prm (WMPXX) 4.65
First American Ret Prime Obligs X (FXRXX) 4.63
UBS Prime Preferred Fund (UPPXX) 4.63
Invesco Premier Institutional (IPPXX) 4.62
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Oblig WS (MOFXX) 3.03
JPMorgan Municipal MM Inst (IJMXX) 2.92
Allspring Nat T-F Prem (WFNXX) 2.91
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 2.88
Schwab Municipal MF Ultra (SWOXX) 2.84

Money Market News

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ICI's latest "Money Market Fund Assets" report shows money funds falling $19.6 billion to $6.751 trillion in the latest week, after inching lower by $0.4 billion the previous week. Two weeks prior, assets jumped $95.9 billion to a record $6.771 trillion. Money fund assets have risen in 14 of the last 20, and 25 of the last 35, weeks, increasing by $447.5 billion (or 7.1%) since the Fed cut on 9/18 and increasing by $773.5 billion (or 12.9%) since April 24. MMF assets are up by $865 billion, or 14.7%, year-to-date in 2024 (through 12/18/24), with Institutional MMFs up $458 billion, or 12.7% and Retail MMFs up $407 billion, or 17.8%. Over the past 52 weeks, money funds have risen by $881 billion, or 15.0%, with Retail MMFs up by $420 billion (18.4%) and Inst MMFs rising by $461 billion (12.8%). (Note: Thank you to those who attended and supported our Money Fund University this week in Providence! Attendees and Crane Data Subscribers may access the MFU Conference Materials here.)

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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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Nov 22
DWS'​s Matt Plomin Passes Suddenly

We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.

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Oct 02
Martello Joins Deutsche'​s DWS

Mark Martello has joined DWS, Deutsche Bank's asset management arm, as Relationship Manager - Head of Midwest Corporate Coverage. He was previously with Dreyfus.

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Sep 17
Lotharius Joins Cavu Securities

Tony Lotharius recently joined Cavu Securities as a Managing Director - Cash Solutions. He was previously at State Street.

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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.