| 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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ICI published its latest weekly "Money Market Fund Assets" report Thursday. The weekly series shows money fund assets rising $27.7 billion to $6.969 trillion, after falling $5.0 billion the week prior and rising $37.6 billion two weeks ago. Money fund assets remain just below record levels and have still risen in 27 of the last 42, and 38 of the last 57 weeks, increasing by $665.1 billion (or 10.6%) since the Fed cut on 9/18/24 and increasing by $991.2 billion (or 16.6%) since 4/24/24. MMF assets are up by $903 billion, or 14.9%, in the past 52 weeks (through 5/21/25), with Institutional MMFs up $463 billion, or 12.7% and Retail MMFs up $440 billion, or 18.1%. Year-to-date, MMF assets are up by just $118 billion, or 1.7%, with Institutional MMFs down $18 billion, or -0.4% and Retail MMFs up $137 billion, or 5.0%. (Note: Register soon for our upcoming Crane's Money Fund Symposium, which is June 23-25. We hope to see you next month 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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May 23
Wells Fargo on Govt Debt Downgrade
Wells Fargo published a Fixed Income Strategy titled, "Aligning Investment Guidelines After U.S. Government Downgrade," which tells us, "On May 16th, 2025, Moody's Ratings downgraded the long-term issuer rating of the U.S. government to Aa1 from Aaa, citing ongoing fiscal concerns.... The recent decision by Moody ...
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
Thank you to those who attended our recent Bond Fund Symposium show in Newport Beach! We hope you enjoyed the show and your visit to California... Mark your calendars for next year's event, which will be March 26-27, 2026, in Boston. We're now ramping up preparations for our big Money Fund Symposium show, which will be held June 23-25 in Boston. 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. 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!