| JPMorgan Prime MM Capital (CJPXX) | 3.78 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.77 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.76 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.74 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.72 |
| Allspring MMF Prm (WMPXX) | 3.79 |
| Invesco Premier Institutional (IPPXX) | 3.77 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.77 |
| UBS Prime Preferred Fund (UPPXX) | 3.76 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.74 |
| Vanguard Municipal MMF (VMSXX) | 3.16 |
| Federated Hermes Muni Obligs WS (MOFXX) | 3.15 |
| JPMorgan Municipal MM Inst (IJMXX) | 3.05 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 3.03 |
| BlackRock Liq MuniCash Inst (MCSXX) | 3.01 |
The Investment Company Institute's latest monthly "Trends in Mutual Fund Investing - November 2025" and "Month-End Portfolio Holdings of Taxable Money Funds" show money fund totals increasing $107.7 billion, or 1.4%, in November to a record $7.575 trillion. MMFs have increased by $862.0 billion, or 12.8%, over the past 12 months (through 11/30/25). Money funds' November asset increase follows an increase of $146.8 billion in October, $104.5 billion in September, $123.4 billion in August, $69.0 billion in July, $29.3 billion in June and $84.7 billion in May. Assets decreased $63.8 billion in April and $10.9 billion in March. But they increased $99.0 billion in February, $31.9 billion in January and $139.3 billion in December. They rose $171.5 billion last November. Bond fund assets increased $32.4 billion to $5.501 trillion, and bond ETF assets increased to $2.22 trillion in November 2025.
MFI PDF December 2025 Issue |
Largest Money Fund Managers |
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The December 2025 issue of Money Fund Intelligence features: “Money Fund Assets Break $8.0 Trillion; Top 10 Stories of 2025,” which discusses money market mutual funds reaching all-time highs; “J.P. Morgan’s 2026 Outlook: Still Room for MM Growth,” which quotes from JPM’s expectations for next year; and, “State Street I.M. Files for Stablecoin Reserves MMF,” which highlights the latest money fund filing. 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 Nov. 30, 2025. (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.
The Federal Reserve posted its "Minutes of the Federal Open Market Committee, December 9–10, 2025" on Tuesday, which tell us, "The manager noted that money market conditions continued to tighten over the intermeeting period and that the staff assessed that conditions were consistent with the level of reserves having ...
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
"Deutsche Hires von Sprecher" says a brief in the Securities Finance Times. It explains, "Deutsche Bank has appointed Cassandra von Sprecher as global head of agency securities lending sales." She was formerly with State Street and formerly Casandra (Cassie) Jones.
"Treasury Curve Appoints Fred Berretta as Vice President of Partnerships to Accelerate Channel Growth," says a press release.
Thank you to those who attended and supported our recent Money Fund University in Pittsburgh! Mark your calendars for next year’s show, which will be in Greenwich, Conn., Dec. 17-18, 2026. We’re now preparing for our ultra-short bond fund event, Bond Fund Symposium, which is scheduled for March 19-20 in Boston. Mark your calendars too for our next big show, Money Fund Symposium, which is June 24-26, 2026 in Jersey City, NJ, and for our next European Money Fund Symposium, which is Sept. 24-25 in Paris. 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, Jersey City, Paris or Greenwich in 2026!