Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of March 13, 2025 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq Prime Inst (MPFXX) 4.41
JPMorgan Prime MM Capital (CJPXX) 4.38
BlackRock Lq TempCash Inst (TMCXX) 4.36
Federated Hermes Inst Prime Obligs IS (POIXX) 4.36
State Street Inst Liq Reserve Prem (SSIXX) 4.32
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.41
Allspring MMF Prm (WMPXX) 4.40
UBS Prime Preferred Fund (UPPXX) 4.38
Invesco Premier Institutional (IPPXX) 4.38
JPMorgan Liquid Assets Capit (CJLXX) 4.38
Tax Exempt Money Funds 7-Day Yield%
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 2.89
Federated Hermes Muni Oblig WS (MOFXX) 2.88
T Rowe Price Tax-Exempt MF I (TERXX) 2.78
Allspring Nat Tax-Free Prem (WFNXX) 2.77
Vanguard Municipal MMF (VMSXX) 2.71

Money Market News

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The Federal Reserve released its latest quarterly "Z.1 Financial Accounts of the United States" statistical survey (a.k.a. "Flow of Funds") yesterday, and among the 4 tables it includes on money market mutual funds, the Fourth Quarter 2024 edition shows that Total MMF Assets increased by $404 billion to $7.243 trillion in Q4'24. The Household Sector, by far the largest investor segment with $4.600 trillion, saw the biggest asset increase in Q4, followed by Nonfinancial Corporate Businesses. The Fed's latest Z.1 numbers, which contain one of the few looks at money fund investor segments available, also showed noticeable increases for the Other Financial Business (formerly Funding Corps) and Rest of the World categories in Q4 2024. (Note: For those attending our upcoming Bond Fund Symposium, which is March 27-28, 2025 in Newport Beach, Calif., we look forward to seeing you! See you in two weeks!)

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Inside Money Fund Intelligence

MFI PDF March 2025 Issue

Largest Money Fund Managers

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The March 2025 issue of Money Fund Intelligence features: "MF Assets Break $7.3 Trillion After Pause; ICI Tops $7.0 Tril," which discusses the recent resurgence in MMF flows; "ICI: SEC’s MMF Reforms Push $309 Billion from Prime Inst," which looks at a paper on last year’​s rule changes; and, “Stablecoin Battle Heats Up, as Tokenization Launces Spread," which reviews the latest news on stablecoins and tokenized MMFs.

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 February 28, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

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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.

People

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Mar 06
BlackRock'​s Chris Cammuso RIP

The money fund industry lost another great person recently, as BlackRock's Chris Cammuso passed away after a battle with cancer. Our condolences to Chris's family, friends and colleagues at BlackRock and Cachematrix and in the money fund business. See the Obituary here.

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Jan 21
Jon and Nick Higham Join Loop Capital

Jon Highum and Nick Highum have joined Loop Capital in fixed income sales. Jon previously served as sales manager at CastleOak, while Nick was previously with Mesirow.

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Jan 14
Lou Bonnet Retiring from CIBC

Louis Bonnet, Head of US Money Markets - Financial Solutions Group, at CIBC World Markets Corp., will be retiring after 42 years. We wish Lou all the best in retirement!

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Crane Data News & Features

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Crane's Bond Fund Symposium 3/27-28

Thank you to those who attended our recent Money Fund University show in Providence! We hope you enjoyed the show.... Mark your calendars for next year's event, which will be Dec. 18-19, 2025, in Pittsburgh. We're now ramping up preparations for our Bond Fund Symposium, which will be held March 27-28 in Newport Beach, Calif. Mark your calendars too for our next Money Fund Symposium, which is scheduled for June 23-25 in Boston, and for our next European Money Fund Symposium, which is scheduled for Sept. 25-26 in Dublin. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Watch for more details on future shows in coming months, and let us know if you'd like more information. We hope to see you in Newport Beach in March, in Boston in June, in Dublin in September or in Pittsburgh in December 2025!