Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of March 18, 2024 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.48
DWS ESG Liquidity Inst (ESGXX) 5.42
Allspring Heritage Select (WFJXX) 5.41
State Street Inst Liq Reserve Prem (SSIXX) 5.40
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 5.39
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 5.39
Invesco Premier Investor (IMRXX) 5.38
Morgan Stanley IL Liq MMP Wealth (MWMXX) 5.37
UBS Prime Preferred Fund (UPPXX) 5.37
Federated Hermes Prime Cash Oblig WS (PCOXX) 5.36
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.51
Allspring Nat T-F Prem (WFNXX) 3.31
JPMorgan Municipal MM Inst (IJMXX) 3.28
Vanguard Municipal MMF (VMSXX) 3.26
Morgan Stanley Inst Liq T-E Wealth (TEWXX) 3.25

Money Market News

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With money market fund assets continuing to hit record levels (assets broke $6.5 trillion last week), our next Money Fund Symposium, seems destined to break our pre-pandemic record of 570 attendees. Money Fund Symposium 2024 is scheduled for June 12-14, 2024 at The Westin Pittsburgh, in Pittsburgh, Pa. The full agenda for the largest gathering of money market fund managers and cash investors in the world is available and registrations are being taken. Money Fund Symposium attracts money fund managers, marketers and servicers, cash investors, money market securities dealers, issuers, and regulators. We review our latest agenda, as well as Crane Data's other 2024 conferences, below. (Note: We look forward to seeing those of you attending our Bond Fund Symposium next week in Philadelphia! Registrations are still being taken for the show, which is March 25-26. Attendees and Crane Data subscribers may access the conference binder, Powerpoints and recordings (after the show) via our "Bond Fund Symposium 2024 Download Center.")

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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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Mar 04
GLMX Promotes Giglio and Wiblin

A release titled, "GLMX Promotes Giglio and Wiblin as Expansion Continues" says, "GLMX, a comprehensive global technology solution for trading Money Market instruments, including repurchase agreements, ... announced [that] Sal Giglio, previously COO and Chief Markets Officer, has been promoted to President and Chief Revenue Officer. Andy Wiblin, previously Chief Product Officer, has been promoted to Global Chief Operating Officer."

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Feb 26
Straker Moves to Federated Hermes

Jason Straker is now a VP & Senior Sales Representative with Federated Hermes. He was previously with Western Asset.

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Feb 01
SSGA Looking for Senior PM

State Street Global Advisors is seeking a Senior Portfolio Manager and Trader. Click here for details.

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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.