| JPMorgan Prime MM Capital (CJPXX) | 3.69 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.67 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.67 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.66 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.61 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.68 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.67 |
| Allspring MMF Prm (WMPXX) | 3.67 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.63 |
| Federated Hermes Inst Tax-Fr Cash Tr Pr (FTFXX) | 2.84 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 2.81 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 2.81 |
| Vanguard Municipal MMF (VMSXX) | 2.77 |
| Allspring Nat T-F Prem (WFNXX) | 2.73 |
Money Market News
MORE NEWS »
Brokerage Raymond James reported its latest quarterly earnings yesterday (see the Seeking Alpha transcript here), and the topic of AI and cash sweep accounts was again a big topic. CFO Jonathan Oorlog comments, "Clients' domestic cash sweep and enhanced savings program balances ended the quarter at $57.8 billion, down 1% compared to the preceding quarter and representing 3.7% of domestic ... client assets. Based on April activity to date, domestic cash sweep and enhanced savings program balances have declined due to the collection of record quarterly fee billings of approximately $1.9 billion along with further declines largely driven by the seasonal impact of client tax activity. Combined net interest income and RJBDP fees from third-party banks declined 3% from the prior quarter to $650 million.... The average yield on RJBDP balances with third-party banks decreased 6 basis points to 2.7%, primarily due to the full quarter impact of the Fed interest rate cuts in the December quarter."
Inside Money Fund Intelligence
MFI PDF February 2022 Issue |
Largest Money Fund Managers |
|
 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). 
|
|
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
MORE LINKS »
Apr 24
MMFs Fall Again After Record Drop
The Investment Company Institute published its weekly "Money Market Fund Assets" report Thursday, which shows money fund assets falling by $5.6 billion to $7.637 trillion, after the biggest weekly drop in history, $175.8 billion, driven by huge April 15 tax-day outflows. (The second largest drop ever was $125.4 billion during the week ended April 16, 2025; the third largest was $121.3 billion the week of Sept. 17, 2008; and the fourth largest was $112.0 billion the week ended April 17, 2024.) Assets hit a record high $7.856 trillion five weeks ago. MMFs have risen in 23 of the last 31 weeks and 31 of the past 40 weeks. MMF assets are up by $725 billion, or 10.5%, over the past 52 weeks (through 4/22/26), with Institutional MMFs up $509 billion, or 12.5% and Retail MMFs up $216 billion, or 7.6%. Year-to-date in 2026, MMF assets are down by $96 billion, or -1.2%, with Institutional MMFs down $88 billion, or -1.9% and Retail MMFs down $8 billion, or -0.3%. ICI's weekly release says, "Total money market fund assets decreased by $5.56 billion to $7.64 trillion for the week ended Wednesday, April 22, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $4.26 billion and …
People
more »
Apr 06
Ryan Joins Barclays; Collins Leaves
Cory Ryan joined Barclays to head NY Sales. He was previously with Jefferies. Meanwhile London-based Steve Collins is no longer with Barclays.
Mar 03
Cloherty Joins CIBC
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
Dec 09
Thrivent Seeks Portfolio Manager
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
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.