| JPMorgan Prime MM Capital (CJPXX) | 3.69 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.68 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.67 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.66 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.69 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.68 |
| Allspring MMF Prm (WMPXX) | 3.68 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.65 |
| Vanguard Municipal MMF (VMSXX) | 2.78 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.73 |
| JPMorgan Municipal MM Inst (IJMXX) | 2.66 |
| Schwab NY Municipal MF Ultra (SNYXX) | 2.66 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.64 |
The May issue of our Bond Fund Intelligence, which will be sent to subscribers Thursday a.m., features the articles, "All About the Munis After April 15: Inflows, ETFs, Steep Curve," which reviews recent commentary on the tax-exempt bond market; and "ICI's 2026 Fact Book Reviews '25 Bond Fund Trends, Flows," which excerpts from the latest Investment Company Institute statistics compilation. BFI also recaps the latest Bond Fund News and includes our Crane BFI Indexes, which show that bond fund returns rebounced in April while yields inched higher. We excerpt from the new issue below. (Contact us if you'd like to see our latest Bond Fund Intelligence and BFI XLS spreadsheet, or our Bond Fund Portfolio Holdings data.)
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.
A press release titled, "J.P. Morgan Asset Management Launches Second Tokenized Money Market Fund on Ethereum," tells us, "J.P. Morgan Asset Management ... announced the launch of its second tokenized money market fund available to U.S. investors, JPMorgan OnChain Liquidity‑Token Money Market Fund ('JLTXX'), now available on the public Ethereum blockchain. JLTXX is a U.S. registered government money market fund designed to invest in a manner to support stablecoin issuers under the GENIUS Act. Qualified investors can access JLTXX by subscribing through Morgan Money, J.P. Morgan Asset Management's open-architecture trading and analytics platform for liquidity management, and receive token balances at their blockchain addresses. At launch, J.P. Morgan Asset Management is investing $100 million in JLTXX, with additional participation from Anchorage Digital." The release explains, "JLTXX invests only in U.S. Treasury securities and overnight repurchase agreements collateralized fully by U.S. Treasury securities and/or cash, allowing investors the opportunity to earn yield while holding their token balances on the blockchain. The fund offers daily dividend reinvestment and investors will be able to subscribe and redeem through the Morgan Money platform using cash or stablecoins through a third-party vendor. This is the second fund to use J.P. Morgan's multi‑chain asset tokenization solution as part of its infrastructure." John Donohue, Head of Global Liquidity at J.P. Morgan Asset Management, comments, "Investors are increasingly looking for ways to modernize liquidity management without changing the fundamentals of what they own. Money market funds have long served as a core tool for investors seeking liquidity, stability …
Allen Hoppe is retiring from the City of Minneapolis. Dave Wheeler will take over as Senior Manager. We wish Allen all the best in retirement!
Cory Ryan joined Barclays to head NY Sales. He was previously with Jefferies. Meanwhile London-based Steve Collins is no longer with Barclays.
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
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.