Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Jan. 31, 2023 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 4.59
Western Asset Prem Inst Liq Res Cap (WAAXX) 4.50
Allspring Heritage Select (WFJXX) 4.49
DWS ESG Liquidity Inst (ESGXX) 4.48
UBS Select ESG Prime Preferred Fund (SSPXX) 4.48
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Cap (CJLXX) 4.53
Allspring MMF Prm (WMPXX) 4.48
UBS Prime Preferred Fund (UPPXX) 4.46
Fidelity Inv MM: MM Port Inst (FNSXX) 4.43
Schwab Value Adv MF Ultra (SNAXX) 4.42
Tax Exempt Money Funds 7-Day Yield%
Schwab Municipal MF Ultra (SWOXX) 2.31
Federated Hermes Muni Obligs WS (MOFXX) 2.13
Allspring Muni Cash Mgmt MM Inst (EMMXX) 2.13
Vanguard Municipal MMF (VMSXX) 2.04
Morgan Stanley Inst Liq T-E Inst (MTTXX) 2.02

Money Market News

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S&P Global Ratings published three updates on the cash investment space yesterday, including: "U.S. Domestic 'AAAm' Money Market Fund Trends (Fourth-Quarter 2022)," "European 'AAAm' Money Market Fund Trends (Fourth-Quarter 2022)" and "'AAAm' Local Government Investment Pool Trends (Fourth-Quarter 2022)." The first update tells us, "Money market funds (MMFs) received significant regulatory and market attention in 2022, following indicated U.S. MMF reforms, yet to be finalized, and climbing yields that have spotlighted this asset class for investors. Rated U.S. government MMFs had a slight decline in assets during the fourth quarter, and outflows of 9% for 2022, as some investors moved funds into higher yielding products. Rated prime MMFs benefited from higher yields and attracted flows. Assets under management (AUM) in prime fund strategies grew nearly 15% in 2022, landing at $418 billion in the fourth quarter."

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Inside Money Fund Intelligence

MFI PDF January 2023 Issue

Largest Money Fund Managers

MFI pdf icon

The January 2023 issue of Money Fund Intelligence features: "Money Fund Assets Hit Record $5.2 Trillion, Break 2020 High," which reviews the recent surge in MMFs; "Worldwide MF Assets Plunge in Q3'22, Led by China, France," which reviews ICI's latest global money fund asset data; and, "Top Money Funds of 2022; 14th Annual MFI Awards," which covers the highest performing money funds this past year.

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 Dec. 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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Feb 01
Cormack Joins Cavu Securities

A release entitled, "Cash Solutions Team Welcomes Money Markets Maven Sue Ann Cormack," tells us, "CAVU Securities, LLC, a minority and veteran-owned broker dealer firm welcomes Sue Ann Cormack as Managing Director. Sue Ann joins CAVU from Dreyfus Cash Investment Strategies where she was Executive VP and Director of Sales for Dreyfus Cash Solutions, a division of BNY Mellon."

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Dec 27
Musser Joins Citizens; Medico Leaves

Cary Musser joined Citizens Bank as a Senior Vice President, Senior Liquidity Specialist. Also, John Medico is no longer with Citizens.

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Dec 21
Poon Leaves Abrdn

Kam Poon is no longer with Aberdeen Standard.

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Crane Data News & Features

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Bond Fund Symposium, March 23-24, Boston

Thank you to those who attended and supported our recent Money Fund University "basic training" event in Boston! Mark your calendars for our next event, Bond Fund Symposium, March 23-24, 2023 (in Boston, Mass.), and for our next big show, Money Fund Symposium, June 21-23, 2023 (in Atlanta, Ga.). We're still seeking speakers for BFS and sponsors for MFS…. Our next European Money Fund Symposium is scheduled for Sept. 25-26, 2023 in Edinburgh, Scotland. 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 Boston in March, in Atlanta in June or in Edinburgh in September! 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.