Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 27, 2022 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Inst (ESGXX) 2.89
Western Asset Prem Inst Liq Res Cap (WAAXX) 2.82
Goldman Sachs FS MM Inst (FSMXX) 2.81
Allspring Heritage Select (WFJXX) 2.81
UBS Select ESG Prime Preferred Fund (SSPXX) 2.81
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 2.82
Goldman Sachs Investor MM Inst (FMJXX) 2.81
Allspring MMF Prm (WMPXX) 2.81
Schwab Value Adv MF Ultra (SNAXX) 2.77
JPMorgan Liquid Assets Capit (CJLXX) 2.75
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 1.83
Allspring Muni Cash Mg MM Inst (EMMXX) 1.81
Morgan Stanley Inst Liq T-E Inst (MTXXX) 1.71
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.71
Vanguard Municipal MMF (VMSXX) 1.71

Money Market News


A paper written earlier this year entitled, "A Lending Network under Stress: A Structural Analysis of the Money Market Funds Industry," studies funding supply shocks in the money markets. Author `Paula Beltran from UCLA explains, "In this paper, I study the transmission of an aggregate funding supply shock in a lending network and quantitatively assess the implications for the allocative efficiency of funding provision of the US Money Markets Funds Industry. I build a tractable model that features banks and funds that bargain over the terms of trade subject to an incomplete network of existing counterparties and bilateral bargaining. I discipline the model using data on the funds' portfolio." (Note: Thanks to those who attended our European Money Fund Symposium, in Paris! We hope you enjoy Day 2, and safe travels home. Thanks to our speakers and sponsors! Watch for excerpts and quotes from the event in our daily news next week and in our October Money Fund Intelligence newsletter.)


Inside Money Fund Intelligence

MFI PDF September 2022 Issue

Largest Money Fund Managers

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The September 2022 issue of Money Fund Intelligence features: "Short & Shorter: Record Low WAMs, Record High Repo," which discusses how short maturities have gotten; "EFAMA Fact Book Reviews European Money Funds in '21," reviews statistics on European MMFs "; and, "Lobbying Steps Up as SEC Prepares Final MMF Rules," which quotes from a recent ignites piece.

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 August 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 22
Sewell Joins Aviva Investors

Alastair Sewell, formerly of Fitch Ratings, has joined Aviva Investors as a Liquidity Investment Strategist.

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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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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.