Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 8, 2023 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 5.29
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.23
Allspring Heritage Select (WFJXX) 5.19
DWS ESG Liquidity Inst (ESGXX) 5.18
State Street Inst Liq Reserve Prem (SSIXX) 5.16
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Cap (CJLXX) 5.26
Allspring MMF Prm (WMPXX) 5.17
UBS Prime Preferred Fund (UPPXX) 5.12
Morgan Stanley IL ESG MMP W (MWMXX) 5.11
Fidelity Inv MM: MM Port Inst (FNSXX) 5.05
Tax Exempt Money Funds 7-Day Yield%
Allspring Muni Cash Mgmt MM Inst (EMMXX) 3.12
Federated Hermes Muni Obligs WS (MOFXX) 3.11
JPMorgan Inst Tax Free MM Capital (JOCXX) 2.90
Fidelity Inv MM: Tax Exempt I (FTCXX) 2.85
Dreyfus AMT Free T-E Cash Mg In (DEIXX) 2.83

Money Market News


Crane Data's latest monthly Money Fund Portfolio Holdings statistics will be sent out Friday, and we'll be writing our regular monthly update on the new May 31 data for Monday's News. But we also uploaded a separate and broader Portfolio Holdings data set based on the SEC's Form N-MFP filings on Thursday. (We continue to merge the two series, and the N-MFP version is now available via our Portfolio Holdings file listings to Money Fund Wisdom subscribers.) Our new N-MFP summary, with data as of May 31, includes holdings information from 979 money funds (down 8 from last month), representing record assets of $5.859 trillion (up from $5.760 trillion). Prime MMFs now total $1.189 trillion, or 20.3% of the total. We review the new N-MFP data, and we also look at our revised MMF expense data, which shows charged expenses mostly flat but money fund revenues up again in May. (Note: Please join us for our upcoming Money Fund Symposium, which is scheduled for June 21-23, 2023 in Atlanta, Ga.)


Inside Money Fund Intelligence

MFI PDF June 2023 Issue

Largest Money Fund Managers

MFI pdf icon

The June 2023 issue of Money Fund Intelligence features: "Money Fund Assets Break $5.8 Trillion; $6.0 Trillion or Bust," which discusses the continued growth of MMFs; "ICI 2023 Fact Book Shows Money Fund Trends in '22," which quotes from the Institute's annual statistics summary; and, "SEC Chair Gensler on Bears, Runs, Money Funds at ICI," which covers Gary Gensler's recent speech.

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 May 31, 2023. (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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Jun 08
Dreyfus' Colleen Meehan Retiring

Colleen Meehan, Director of Tax-Exempt Money Markets at Dreyfus, is retiring. We wish her all the best!

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Jun 02
Amica Seeking Fixed-​Income Analyst

Amica is seeking a Senior/Lead Fixed Income Analyst based in Lincoln, RI. Click here for details.

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May 22
Former MFR Editor Bugbee Passes

Connie Bugbee, a former Editor of IBC/Donoghue and iMoneyNet's publication Money Fund Report passed away recently. Our condolences to her family and former co-workers. (See the Obituary here.)

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Crane Data News & Features

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Money Fund Symposium, June 21-23, Atlanta

Get ready for our big show, Money Fund Symposium, which will take place June 21-23, 2023, in Atlanta, Ga.! Mark your calendars too for our European Money Fund Symposium, scheduled for Sept. 25-26, 2023 in Edinburgh, Scotland, and our Money Fund University, scheduled for Dec. 18-19, 2023, in Jersey City, NJ. Finally, thanks to those who attended our recent Bond Fund Symposium in Boston, Mass.! For those interested, next year's ultra-short bond fund event will be March 25-26, 2024 in Philadelphia. Note that conference recordings and materials (excluding our European event) are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page. Watch for more details in coming months, and let us know if you'd like more information on any of our shows. We hope to see you in Atlanta in June!