| JPMorgan Prime MM Capital (CJPXX) | 4.34 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 4.34 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.34 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.33 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.32 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.37 |
| Invesco Premier Institutional (IPPXX) | 4.37 |
| Allspring MMF Prm (WMPXX) | 4.36 |
| JPMorgan Liquid Assets Capit (CJLXX) | 4.34 |
| UBS Prime Preferred Fund (UPPXX) | 4.33 |
| Vanguard Municipal MMF (VMSXX) | 3.95 |
| Federated Hermes Muni Oblig WS (MOFXX) | 3.86 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 3.84 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 3.80 |
| Schwab NY Municipal MF Ultra (SNYXX) | 3.71 |
Money Market News
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Money fund yields (7-day, annualized, simple, net) increased by two basis points to 4.12% on average during the week ended Friday, May 30 (as measured by our Crane 100 Money Fund Index), after declining by one basis point the previous week. Fund yields should stay relatively flat until the Fed moves rates again later this year. They've declined by 94 bps since the Fed first cut its Fed funds target rate by 50 bps on Sept. 18, 2024, and they've declined by 51 bps since the Fed last cut rates by 1/4 point on 11/7/24. Yields were 4.13% on 4/30/25, 4.14% on 3/31/25, 4.16% on 2/28/25, 4.19% on 1/31/25, 4.28% on average on 12/31/24, 4.45% on 11/30/24, 4.65% on 10/31, 4.75% on 9/30, 5.10% on 8/31, 5.13% on 7/31 and 6/28, 5.14% on 3/31 and 5.20% on 12/31/23. (Note: Register ASAP for our upcoming Crane's Money Fund Symposium, which is in just 3 weeks -- June 23-25 -- in Boston!)
Inside Money Fund Intelligence
MFI PDF May 2025 Issue |
Largest Money Fund Managers |
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 The May 2025 issue of Money Fund Intelligence features: "Money Funds Shift Away from Treasuries; Stablecoins Step In," which discusses recent portfolio composition shifts in the MMF space; "ICI 2025 Fact Book Shows Money Fund Trends in ’24," which looks at ICI’s latest stats on the fund industry; and, “Charles Schwab Q1 Earnings Discuss Sweeps, Higher Cash," which reviews reviews Schwab’s Q1 earnings. 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 April 30, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). 
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About Crane Data LLC
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.
Link of the Day
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Jun 03
OFR: Hedge Funds and Repo Reversal
The U.S. Treasury's Office of Financial Research (OFR) published a brief, "OFR Hedge Fund Monitor Shows Repo Reversal," which tells us, "The OFR's Hedge Fund Monitor (HFM) was updated in late April to reflect Q4 2024 Securities and Exchange Commission (SEC) Form PF data for Qualifying Hedge ...
People
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May 09
Allspring Seeks Portfolio Manager
Allspring Global Investments is seeking a Money Market Portfolio Manager focused on US government and Treasury money market funds. The position is located in Minneapolis or San Francisco. For more information, see the job posting here.
Apr 22
Musser Hired by Merchants Bank
Cary Musser was recently hired by Merchants Bank for the role of Managing Director, Head of Liquidity Solutions.
Apr 09
Eric Edstrom Joins Vanguard
Eric Edstrom has joined Vanguard as Compliance Director of Cash Management and Money Movement. He was previously with RBC.
Crane Data News & Features
contact us »Money Fund Symposium Boston 6/23-25
Register soon for our big Money Fund Symposium show, which will be held June 23-25 in Boston. We’re expecting a record 600+ attendees! Mark your calendars too for our next European Money Fund Symposium, which is scheduled for Sept. 22-23 in Dublin, and for our next Money Fund University, which is scheduled for Dec. 18-19 in Pittsburgh. Finally, we hope to see you at next year’s Bond Fund Symposium, which is scheduled for March 19-20, 2026, in Boston. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Contact us and let us know if you'd like more information on any future (or past) shows. We hope to see you in Boston in June, in Dublin in September or in Pittsburgh in December 2025!