Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 27, 2023 )
Institutional Money Funds 7-Day Yield%
Allspring Heritage Select (WFJXX) 5.45
UBS Select Prime Money Mkt Pref (SPPXX) 5.45
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.45
State Street Inst Liq Reserve Prem (SSIXX) 5.44
Federated Hermes Inst MM Mgmt IS (MMPXX) 5.43
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 5.47
UBS Prime Preferred Fund (UPPXX) 5.44
Morgan Stanley IL ESG MMP W (MWMXX) 5.43
Invesco Premier Investor (IMRXX) 5.40
Federated Hermes Prime Cash Oblig WS (PCOXX) 5.39
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.46
Allspring Nat T-F Prem (WFNXX) 3.23
JPMorgan Municipal MM Inst (IJMXX) 3.18
Western Asset Select Tax Free Res Sel (CIFXX) 3.15
Schwab AMT Tax-Free MF Ultra (SCTXX) 3.11

Money Market News


J.P. Morgan published a new "Stablecoin market update," which explains, "It has been a year of turmoil in the crypto industry, marked by the collapses of several entities including FTX, Three Arrows Capital, BlockFi, Celsium, Genesis, and others. Even before then, confidence in cryptocurrency, including stablecoins, was weakening given the run on TerraUSD in early 2022. It's no surprise, then, that the stablecoin market has shrunk, along with the broader cryptocurrency market. According to CoinGecko, the size of the stablecoin market has fallen from a peak of ~$180bn in May 2022 to ~$120bn today."


Inside Money Fund Intelligence

MFI PDF February 2022 Issue

Largest Money Fund Managers

MFI pdf icon

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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Sep 18
La-​Yona Rauls to Speak at IL Forum

La-Yona Rauls of Mischler Financial Group will be speaking at the Illinois State Treasurer's Diversity in Investments Forum on Thurs., Sept. 21 in Chicago.

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Sep 05
Dallas Ebel Joins Ramirez A.​M.

Dallas Ebel has joined Ramirez Asset Management as a Managing Director. He was previously with BlackRock and Bank of America.

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Aug 24
CAVU Securities Seeks Cash Sales

CAVU Securities is seeking someone for Institutional Sales - Cash Solutions. For more information, contact Sue Ann Cormack.

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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.