Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Feb. 12, 2025 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq Prime Inst (MPFXX) 4.42
JPMorgan Prime MM Capital (CJPXX) 4.40
BlackRock Lq TempCash Inst (TMCXX) 4.38
Federated Hermes Inst Prime Obligs IS (POIXX) 4.38
State Street Inst Liq Reserve Prem (SSIXX) 4.33
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.42
Allspring MMF Prm (WMPXX) 4.41
UBS Prime Preferred Fund (UPPXX) 4.38
Invesco Premier Institutional (IPPXX) 4.38
JPMorgan Liquid Assets Capit (CJLXX) 4.38
Tax Exempt Money Funds 7-Day Yield%
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 2.54
Allspring Nat Tax-Free Prem (WFNXX) 2.33
Federated Hermes Muni Oblig WS (MOFXX) 2.31
T Rowe Price Tax-Exempt MF I (TERXX) 2.23
JPMorgan Tax Free MM Inst (JTFXX) 2.18

Money Market News

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The U.S. Securities and Exchange Commission published its latest monthly "Money Market Fund Statistics" summary earlier this month (the stats were delayed last month), which shows that total money fund assets rose by $113.2 billion in December 2024 to a record $7.238 trillion. Assets jumped $197.8 billion in November, $93.3 billion in October and $166.6 billion in September 2024. The SEC shows Prime MMFs increased $4.0 billion in December to $1.191 trillion, Govt & Treasury funds increased $109.5 billion to $5.907 trillion and Tax Exempt funds decreased $0.3 billion to $141.0 billion. Taxable yields fell again in December after plunging in November. The SEC's Division of Investment Management summarizes monthly Form N-MFP data and includes asset totals and averages for yields, liquidity levels, WAMs, WALs, holdings, and other money market fund trends. We review their latest numbers below. (Our MFI XLS monthly shows money fund assets rising $51.1 billion in January 2025 to a record $7.234 trillion. In February month-to-date through 2/6, total money fund assets have increased by $15.2 billion to $7.242 trillion, according to Crane Data's separate, and slightly smaller, MFI Daily series.)

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Inside Money Fund Intelligence

MFI PDF February 2025 Issue

Largest Money Fund Managers

MFI pdf icon

The February 2025 issue of Money Fund Intelligence features: "After the Buzzer: State Street Converting Prime ILR to Govt," which discusses State Street’s recent fund filing; "Highlights of Q4 Earnings: Federated, Schwab, Northern," which looks at the latest conference calls from asset managers; and, “Boston Fed Paper Examines Prime Retail MMF Investors," which reviews a study on flows during recent turmoil.

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 January 31, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

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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.

People

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Jan 21
Jon and Nick Higham Join Loop Capital

Jon Highum and Nick Highum have joined Loop Capital in fixed income sales. Jon previously served as sales manager at CastleOak, while Nick was previously with Mesirow.

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Jan 14
Lou Bonnet Retiring from CIBC

Louis Bonnet, Head of US Money Markets - Financial Solutions Group, at CIBC World Markets Corp., will be retiring after 42 years. We wish Lou all the best in retirement!

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Nov 22
DWS'​s Matt Plomin Passes Suddenly

We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.

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Crane Data News & Features

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Crane's Bond Fund Symposium 3/27-28

Thank you to those who attended our recent Money Fund University show in Providence! We hope you enjoyed the show.... Mark your calendars for next year's event, which will be Dec. 18-19, 2025, in Pittsburgh. We're now ramping up preparations for our Bond Fund Symposium, which will be held March 27-28 in Newport Beach, Calif. Mark your calendars too for our next Money Fund Symposium, which is scheduled for June 23-25 in Boston, and for our next European Money Fund Symposium, which is scheduled for Sept. 25-26 in Dublin. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Watch for more details on future shows in coming months, and let us know if you'd like more information. We hope to see you in Newport Beach in March, in Boston in June, in Dublin in September or in Pittsburgh in December 2025!