| JPMorgan Prime MM Capital (CJPXX) | 3.70 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.70 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.70 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.69 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.68 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Invesco Premier Institutional (IPPXX) | 3.71 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.70 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.70 |
| Allspring MMF Prm (WMPXX) | 3.70 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.65 |
| Vanguard Municipal MMF (VMSXX) | 2.59 |
| Allspring Nat T-F Prem (WFNXX) | 2.54 |
| JPMorgan Municipal MM Instit (IJMXX) | 2.50 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 2.49 |
Crane Data's latest monthly Money Fund Market Share rankings show assets lower among the largest U.S. money fund complexes in July, after being higher in June. Assets have increased in 21 of the past 25 months (April 2025, March 2026, April 2026 and July 2026 saw declines). Money market fund assets fell by $65.5 billion, or -0.8%, last month to $8.290 trillion. Total MMF assets increased by $190.7 billion, or 2.4%, over the past 3 months, and they've increased by $816.9 billion, or 10.9%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by Invesco, JPMorgan, American Funds, UBS and Schwab, which grew assets by $19.7 billion, $14.0B, $9.6B, $4.7B and $3.3B, respectively. Declines in July were seen by Allspring, Vanguard, SSIM, Goldman Sachs and Fidelity, which decreased by $19.2 billion, $17.0B, $15.2B, $12.7B and $12.2B, respectively. Our domestic U.S. "Family" rankings are available in our MFI XLS product, our global rankings are available in our MFI International product. The combined "Family & Global Rankings" are available to Money Fund Wisdom subscribers. We review the latest market share totals, and look at money fund yields, which were higher in July.
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 Prospectus Supplement filing for HSBC U.S. Government Money Market Fund and HSBC U.S. Treasury Money Market Fund says, "Upon the recommendation of HSBC Global Asset Management (USA) Inc. (the 'Adviser'), the Board of Trustees of HSBC Funds (the 'Trust') has approved: (i) the conversion of the outstanding Intermediary Class Shares of the HSBC U.S. Government Money Market Fund (the 'Government Fund') and the HSBC U.S. Treasury Money Market Fund (the 'Treasury Fund,' and with the Government Fund, the 'Funds') into Intermediary Service Class Shares of the same respective Fund; (ii) the termination of the Intermediary Class Shares of the Funds; and (iii) the elimination of the shareholder servicing fees for Intermediary Service Class Shares and Class P Shares of the Funds. These changes will take effect on or about September 11, 2026, or on such other date as the officers of the Trust determine (the 'Effective Date')." It tells us, "Effective immediately, the Funds will no longer sell Intermediary Class Shares to new investors or existing shareholders (except through reinvested dividends), including through exchanges into each Fund. Investors may continue to redeem shares of each Fund prior to the Effective Date." The filing adds, "As a result, effective on the Effective Date, the following changes are being made to the Prospectus and SAI: 1. All references to Intermediary Class Shares of the Government and Treasury Funds are eliminated."
Western Asset, part of Franklin Templeton, is seeking a Research Analyst based in New York. Click here for info.
Greg Sirochinsky has joined Wells Fargo as a Managing Director & Head of Fixed Income Financing Sales. He was previously with Deutsche Bank.
Federated Hermes hired Kevin Barr as Director of Digital Assets.
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.