Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 14, 2022 )
Institutional Money Funds 7-Day Yield%
Allspring Heritage Select (WFJXX) 2.38
State Street ESG Liq Reserve Prem (ELRXX) 2.35
UBS Select ESG Prime Preferred Fund (SSPXX) 2.35
Morgan Stanley Inst Liq Prime Inst (MPFXX) 2.34
Dreyfus Cash Mgmt Preferred (DCEXX) 2.31
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 2.37
Goldman Sachs Investor MM Inst (FMJXX) 2.33
Fidelity Inv MM: MM Port Inst (FNSXX) 2.31
UBS Prime Preferred Fund (UPPXX) 2.27
JPMorgan Liquid Assets Cap (CJLXX) 2.25
Tax Exempt Money Funds 7-Day Yield%
Allspring Muni Cash Mgmt MM Inst (EMMXX) 1.59
Federated Hermes Muni Obligs WS (MOFXX) 1.55
Vanguard Municipal MMF (VMSXX) 1.52
UBS Tax-Free Preferred (SFPXX) 1.50
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.49

Money Market News

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Crane Data's latest MFI International shows that assets in European or "offshore" money market mutual funds declined over the past month to $973.8 billion. European MMF assets declined during the first 4 1/2 months of 2022, then increased over 2 months. But they've declined since. They remain below their record high of $1.101 trillion in mid-December 2021. These U.S.-style money funds, domiciled in Ireland or Luxembourg but denominated in US Dollars, Pound Sterling and Euros, decreased by $16.5 billion over the 30 days through 8/11. (Note that the increase in the U.S. dollar has caused Euro and Sterling totals to decline when they're translated back into dollars.) The totals are down $89.2 billion (-8.4%) year-to-date. Offshore US Dollar money funds are up $3.7 billion over the last 30 days and are up $2.8 billion YTD to $537.2 billion. Euro funds rose E17.2 billion over the past month. YTD they're down E5.6 billion to E152.8 billion. GBP money funds increased L3.7 billion over 30 days; they are down by L18.7 billion YTD to L228.4B. U.S. Dollar (USD) money funds (206) account for over half (55.2%) of the "European" money fund total, while Euro (EUR) money funds (96) make up 16.1% and Pound Sterling (GBP) funds (133) total 28.7%. We summarize our latest "offshore" money fund statistics and our Money Fund Intelligence International Portfolio Holdings (which will go out to subscribers Tuesday), below. (Note: Make your plans and hotel reservations soon for our upcoming European Money Fund Symposium, which is Sept. 27-28, 2022, in Paris, France.)

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Inside Money Fund Intelligence

MFI PDF August 2022 Issue

Largest Money Fund Managers

MFI pdf icon

The August 2022 issue of Money Fund Intelligence features: "MMF Yields Approach 2% on 2nd Fed 75; Assets $5 Trillion," which discusses the jump in yields and rise in assets in July; "CastleOak's Jones on Minority Dealers, Portals, D&I Shares," our most recent "​profile"; and, "SEC's Birdthistle Speaks on MMFs, Pending Reforms," which quotes from a recent speech from the Director of the Division of Investment Management.

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.

MFI xls icon

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 July 31, 2022. (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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Aug 11
GSAM'​s Fishman Retiring

Pensions & Investments published, "GSAM's head of liquidity solutions to retire at end of year." They tell us, "`David Fishman, managing director and head of liquidity solutions at Goldman Sachs Asset Management, plans to retire ... effective Dec. 31."

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Jul 11
Hopkins Retires from Dreyfus

Tracy Hopkins, Jim O'Connor and Bernie Kiernan retired from Dreyfus. We'd like to thank them for their service to the money market fund space and wish them all the best!

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Jun 07
Cap Advisors Looking on West Coast

Capital Advisors Group is seeking to expand its West Coast Business Development Team. See details here and contact Ray Facinelli if interested.

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Crane Data News & Features

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European Money Fund Symposium in Paris

Please join us for our upcoming European Money Fund Symposium, which is scheduled for Sept. 27-28, 2022 in Paris, France. Register and make hotel reservations soon! Also, mark your calendars for our next Money Fund University, which will feature a higher-level "Master's in Money Markets" agenda and is scheduled for Dec. 15-16, 2022 in Boston, Mass., and for our next Bond Fund Symposium, March 23-24, 2023 in Boston. Finally, watch for details in coming months on our next big show, Money Fund Symposium, which will take place June 21-23, 2023 in Atlanta, Ga. Let us know if you'd like more information on any of our shows, and we hope to see you in Paris next month! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.