Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 31, 2023 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 5.29
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.23
Allspring Heritage Select (WFJXX) 5.19
DWS ESG Liquidity Inst (ESGXX) 5.18
State Street Inst Liq Reserve Prem (SSIXX) 5.16
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Cap (CJLXX) 5.26
Allspring MMF Prm (WMPXX) 5.17
UBS Prime Preferred Fund (UPPXX) 5.12
Morgan Stanley IL ESG MMP W (MWMXX) 5.11
Fidelity Inv MM: MM Port Inst (FNSXX) 5.05
Tax Exempt Money Funds 7-Day Yield%
Allspring Muni Cash Mgmt MM Inst (EMMXX) 3.12
Federated Hermes Muni Obligs WS (MOFXX) 3.11
JPMorgan Inst Tax Free MM Capital (JOCXX) 2.90
Fidelity Inv MM: Tax Exempt I (FTCXX) 2.85
Dreyfus AMT Free T-E Cash Mg In (DEIXX) 2.83

Money Market News


The website "Markets Insider writes, "Here's why the $5 trillion piled up in money market funds might not flow back into the stock market." The piece explains, "Inflows into money market funds have soared over the past year as investors take advantage of high cash yields above 4%, and they might not flow back into the stock market for a long time. According to Ned Davis Research, money market funds over the past 13 weeks saw the fastest pace of asset inflows since July 2020. The surge was in part driven by the regional banking crisis that saw the downfall of Silicon Valley Bank and First Republic Bank." (Note: Register ASAP for our Money Fund Symposium, which takes place June 21-23, 2023 in Atlanta, Ga. See you in 3 weeks!)


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.

MFI xls icon

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.


more »

May 22
Former MFR Editor Bugbee Passes

Connie Bugbee, a former Editor of IBC/Donoghue and iMoneyNet's publication Money Fund Report passed away recently. Our condolences to her family and former co-workers. (See the Obituary here.)

Envelope icon

Mar 30
Souza Joins Capital Advisors Group

Eric Souza has joined Capital Advisors Group as a Senior PM. He was formerly at SVB Asset Management. (See the LinkedIn post here.)

Envelope icon

Mar 09
Peter Yi No Longer at Northern Trust

Peter Yi, a pioneer of cash segmentation, is no longer with Northern Trust Asset Management.

Envelope icon

Crane Data News & Features

contact us »

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.