| JPMorgan Prime MM Capital (CJPXX) | 3.70 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.69 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.69 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.67 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Invesco Premier Institutional (IPPXX) | 3.71 |
| Allspring MMF Prm (WMPXX) | 3.69 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.67 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.66 |
| JPMorgan Municipal MM Inst (IJMXX) | 2.19 |
| Schwab Municipal MF Ultra (SWOXX) | 2.17 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 2.17 |
| Vanguard Municipal MMF (VMSXX) | 2.16 |
| Morgan Stanley Inst Liq T-E Wealth (TEWXX) | 2.14 |
Arca Capital Management filed a Form N-1A registration statement for Arca U.S. Treasury Money Market Digital Fund tells us, "Arca U.S. Treasury Money Market Digital Fund seeks to provide investors with as high a level of current income as is consistent with the preservation of shareholders' capital and liquidity. The Fund seeks to maintain a stable $1.00 net asset value (NAV) per share.... The Fund will invest, under normal circumstances, exclusively in U.S. dollar cash, U.S. Treasury bills, notes and bonds with 93 days or less to maturity, overnight repurchase agreements fully collateralized by U.S. Treasury securities, and registered money market funds that themselves invest solely in the foregoing assets." This will be the 6th manager to launch a Stablecoin Reserves money market fund, following BlackRock's Circle Treasury Reserves, and Stablecoin Reserves offerings from State Street, Goldman Sachs, BNY and Fidelity. (See our March 23 News, "Fidelity Files for Reserves Digital Fund, 5th Stablecoin Reserve MMF.")
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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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.
The Investment Company Institute published, "Retirement Assets Total $49.1 Trillion in Fourth Quarter 2025," which includes data tables showing that money market funds held in retirement accounts jumped to $1.016 trillion (up from $988 billion) in the latest quarter, accounting for 13% of the total $7.746 trillion in money funds. MMFs represent just 6.9% of the total $14.7 trillion of mutual funds in retirement accounts. The release says, "Total US retirement assets were $49.1 trillion as of December 31, 2025, up 2.1 percent from September. Retirement assets accounted for 34 percent of all household financial assets in the United States at the end of December 2025. Assets in individual retirement accounts (IRAs) totaled $19.2 trillion at the end of the fourth quarter of 2025, an increase of 1.7 percent from the end of the third quarter of 2025." It continues, "Defined contribution (DC) plan assets were $14.2 trillion at the end of the fourth quarter, up 1.7 percent from September 30, 2025. Government defined benefit (DB) plans—including federal, state, and local government plans -- held $10.0 trillion in assets as of the end of December 2025, a 4.5 percent increase from the end of September 2025. Private-sector DB plans held $3.1 trillion in assets at the end of the fourth quarter of 2025, and annuity reserves outside of retirement accounts accounted for another $2.6 trillion." The ICI …
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
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."
"Deutsche Hires von Sprecher" says a brief in the Securities Finance Times. It explains, "Deutsche Bank has appointed Cassandra von Sprecher as global head of agency securities lending sales." She was formerly with State Street and formerly Casandra (Cassie) Jones.
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.