Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Dec. 5, 2022 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 4.03
JPMorgan Prime MM Capital (CJPXX) 4.01
Allspring Heritage Select (WFJXX) 3.98
UBS Select ESG Prime Preferred Fund (SSPXX) 3.95
State Street Inst Liq Reserve Prem (SSIXX) 3.94
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Cap (CJLXX) 4.01
Allspring MMF Prm (WMPXX) 3.99
Fidelity Inv MM: MM Port Inst (FNSXX) 3.97
Goldman Sachs Investor MM Inst (FMJXX) 3.94
Schwab Value Adv MF Ultra (SNAXX) 3.91
Tax Exempt Money Funds 7-Day Yield%
Allspring Nat T-F Prem (WFNXX) 2.13
Federated Hermes Muni Obligs WS (MOFXX) 2.09
Schwab CA Municipal MF Ultra (SCAXX) 2.00
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.85
Dreyfus AMT Free T-E Cash Mg In (DEIXX) 1.83

Money Market News

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Money fund yields inched higher yet again last week -- the Crane 100 Money Fund Index (7-Day Yield) rose 3 more basis points to 3.60% in the week ended Friday, 12/2. Yields rose by 3 basis points the previous week and are up from 2.88% on Oct. 31 and 2.66% on Sept. 30. Yields should jump again and approach 4.0% by year end, if, as expected, the Fed hikes rates again (probably by 50 bps) on Dec. 14. The top-yielding money market funds have broken above 4.0% and should move towards 4.5% in coming weeks (see our "Highest-Yielding Money Funds" table above). Brokerage Sweep rates also moved higher as Fidelity increased its FDIC insured sweep rate to 1.94% from 1.57%, which lifted our Brokerage Sweep Intelligence average up from 0.40% to 0.43%.

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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 16
Malone Moves to SSGA

Julianne Malone has joined State Street Global Advisors as a Vice President. She was previously with Fidelity Investments.

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Nov 04
Cavu Seeks Cash Sales

Cavu Securities is seeking to expand its cash sales team. Click here for details.

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Oct 19
Roever Leaving J.​P. Morgan

Alex Roever will be leaving J.P. Morgan Securities at the end of the month.

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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.