| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.92 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.92 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.89 |
| JPMorgan Prime MM Capital (CJPXX) | 3.89 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.87 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.94 |
| Invesco Premier Institutional (IPPXX) | 3.89 |
| Allspring MMF Prm (WMPXX) | 3.89 |
| First American Ret Prime Obligs X (FXRXX) | 3.89 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.88 |
| Vanguard Municipal MMF (VMSXX) | 3.20 |
| Federated Hermes Inst Tax-Fr Cash Tr Pr (FTFXX) | 3.18 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 3.15 |
| BlackRock Liq MuniCash Inst (MCSXX) | 3.12 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 3.11 |
Last week, The Wall Street Journal's "Heard on the Street" column featured a piece titled, "In the Age of AI, Cash Is Still King." Author Telis Demos writes, "When it comes to financial stocks these days, investors seem most concerned about their ability to attract, and hang on to, customers' cash. For many years, cash was trash, as the saying goes. Savings accounts, short-term Treasury bills and money-market funds paid little yield when interest rates were near zero. And when the Federal Reserve was growing its balance sheet, adding reserves into the banking system, banks looking to hoover up deposits at times just needed to hold out a bucket." (Note: Thanks again to those of you who attended our European Money Fund Symposium in Paris last week! Mark your calendars for next year's show in London, Sept. 23-24, 2027!)
MFI PDF February 2022 Issue |
Largest Money Fund Managers |
|
|
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).
|
|
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 Voya Government Money Market Portfolio tells us, "Effective immediately, the Prospectuses are revised as follows: 1. Footnote number 2 of the sub-section of the Prospectus entitled 'Fees and Expenses of the Portfolio – Annual Portfolio Operating Expenses' in the Portfolio's Summary Section is deleted in its entirety and replaced with the following: 2. Voya Investments, LLC the 'Investment Adviser') is contractually obligated to limit expenses to 0.40% for Class I shares through May 1, 2027 (the 'Expense Limitation Agreement')." It continues, "`The limitation does not extend to interest, taxes, other investment-related costs, leverage expenses, extraordinary expenses such as litigation or other expenses not incurred in the ordinary course of business, and expenses of any counsel or other persons or services retained by the trustees who are not 'interested persons' as that term is defined by the Investment Company Act of 1940, as amended. Modification of the Expense Limitation Agreement requires written agreement signed by each of the parties and approval by the Portfolio's Board of Trustees (the 'Board'). The Expense Limitation Agreement shall terminate with respect to the Portfolio upon termination of the Portfolio's advisory agreement with the Investment Adviser, or it may be terminated by Voya Government Money Market Portfolio (the 'Trust'), without payment of any penalty, upon written notice to the Investment Adviser at its principal place of business." Voya adds, "2. The sub-section of the Prospectus entitled 'Expense Limitation Agreement – Voya Government Money Market Portfolio' in the 'Management of the Portfolios' of the Portfolio's Statutory Section is …
Teresa Ho left J.P. Morgan Securities to start a new position as `US Macro Strategist at Fidelity Investments. We wish Teresa luck!
Tory Hazard retired from Tradeweb/ICD. (See his LinkedIn post here.) He was CEO of ICD when it was acquired by Tradeweb, and was currently Head of the ICD Portal business for Tradeweb. We thank Tory for everything and wish him all the best!
Western Asset, part of Franklin Templeton, is seeking a Research Analyst based in New York. Click here for info.
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.