Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 21, 2024 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.37
State Street Inst Liq Reserve Prem (SSIXX) 5.36
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 5.35
DWS ESG Liquidity Inst (ESGXX) 5.35
Allspring Heritage Select (WFJXX) 5.33
Retail Money Funds 7-Day Yield%
Invesco Premier Investor (IMRXX) 5.36
First American Ret Prime Obligs X (FXRXX) 5.34
Allspring MMF Prm (WMPXX) 5.34
UBS Prime Preferred Fund (UPPXX) 5.34
Federated Hermes Prime Cash Oblig WS (PCOXX) 5.32
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.32
Allspring Nat Tax-Free Prem (WFNXX) 3.24
Fidelity Inv MM: Tax Exempt I (FTCXX) 3.14
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 3.08
Dreyfus National Muni MMF Prem (GMHXX) 3.04

Money Market News

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The Association for Financial Professionals, a group representing corporate treasurers, published its "2024 AFP Liquidity Survey" last week. (See AFP's press release.) The cover letter says, "Invesco is proud to once again partner with the Association of Financial Professionals (AFP) to sponsor the 19th annual AFP Liquidity Survey Report. This marks the fifth year that Invesco has sponsored this industry-leading exploration into current and emerging corporate cash management trends." Invesco's Laurie Brignac explains, "The cash management landscape has certainly evolved over the five years that Invesco has sponsored this report. Treasury professionals have adapted to multiple challenges during those five years including zero rates, banking challenges, Covid disruptions, geopolitical events, elevated inflation, and the highest rates in decades. A key theme that emerged in this year's report is the elevated levels of cash balances across most organizations, and expectations that this will continue to be the case."

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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

origami crane

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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Jun 11
RIP Dreyfus'​s Louis Geser

We just learned that Louis Geser passed away recently after a long battle with pancreatic cancer. Geser was Director of Short Duration Credit Research at Dreyfus and BNY Mellon during the mid-00's. Our condolences to his family and all who knew Lou. (See the Obituary here.)

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May 05
In Memorium Dallas Ebel

We were shocked and saddened to learn of the sudden passing of Dallas Ebel recently. Ebel most worked for Ramirez Asset Management, and had previously been at BlackRock and Bank of America. Our deepest condolences to his family and friends. (See the Obituary here.)

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Apr 24
Birdthistle Out at SEC; Vij Greiner In

A press release tells us, "The Securities and Exchange Commission ... announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency.... Natasha Vij Greiner, currently the Deputy Director of the Division of Examinations, will be named Director of the Division of Investment Management."

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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.