| BlackRock Lq TempCash Inst (TMCXX) | 3.97 |
| JPMorgan Prime MM Capital (CJPXX) | 3.97 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.97 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.96 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.90 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.98 |
| Invesco Premier Institutional (IPPXX) | 3.97 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.96 |
| Allspring MMF Prm (WMPXX) | 3.95 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.94 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.52 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.48 |
| JPMorgan Inst Tax Free MM Inst (JTFXX) | 2.45 |
| Allspring Nat Tax-Free Prem (WFNXX) | 2.41 |
| Schwab Municipal MF Ultra (SWOXX) | 2.40 |
Crane Data's latest monthly Money Fund Market Share rankings show assets higher among the largest U.S. money fund complexes in October, after being lower in September. Assets have increased in 23 of the past 28 months (April 2025, March 2026, April 2026, July 2026 and September 2026 saw declines). Money market fund assets rose by $65.4 billion, or 0.8%, last month to $8.362 trillion. Total MMF assets increased by $48.3 billion, or 0.6%, over the past 3 months, and they've increased by $507.3 billion, or 6.5%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by Vanguard, American Funds, SSIM, Northern and Morgan Stanley, which grew assets by $19.1 billion, $17.9B, $15.6B, $15.1B and $13.0B, respectively. Declines in October were seen by Invesco, BlackRock, Fidelity, Allspring and UBS, which decreased by $34.2 billion, $11.4B, $10.6B, $4.5B and $2.8B, 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 October.
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 the BNY Family of Funds tells us, "The Bank of New York Mellon Corporation ('BNY') intends to consolidate several of its U.S. investment firms (the 'Adviser Consolidation'), effective, subject to regulatory requirements, on or about January 1, 2027.... The following investment advisers to the funds are involved in the Adviser Consolidation: BNY Mellon Investment Adviser, Inc. ('BNYIA') – each fund's primary investment adviser; Insight North America LLC ('INA') – a sub-adviser to certain funds; Mellon Investments Corporation, including its Mellon and Dreyfus divisions ('MIC') – a sub-adviser to certain funds; and, Newton Investment Management North America, LLC ('NIMNA') – a sub-adviser to certain funds." It explains, "The Adviser Consolidation will be effected via corporate mergers, with the surviving consolidated firm to be named '`BNY Investments Corporation.' Accordingly, the boards of the funds have approved (1) a new management agreement ('Management Agreement') for each fund with BNY Investments Corporation; (2) the termination of the existing sub-investment advisory agreements with the Involved Advisers that serve as sub-advisers to certain funds; and (3) Newton Investment Management Limited ('NIM') to provide advisory support to certain funds pursuant to an advisory support agreement where NIM previously served as a sub-sub investment adviser pursuant to a sub-sub-investment advisory agreement, all effective on the Effective Date." The filing states, "It is currently anticipated that each fund's portfolio managers from the Involved Advisers who are responsible for the day-to-day management of the fund's …
J.P. Morgan Euro CP Trader Dan Singer passed away suddenly recently. Our deepest condolences go out to his family and colleagues. He will be missed. (See a statement here and news brief here.)
Tom Chang is now a Managing Director in the Financial Institution's Group with Invesco Global Liquidity. He was formerly with Allspring.
Teresa Ho left J.P. Morgan Securities to start a new position as `US Macro Strategist at Fidelity Investments. We wish Teresa luck!
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.