| JPMorgan Prime MM Capital (CJPXX) | 3.70 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.70 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.70 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.66 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Invesco Premier Institutional (IPPXX) | 3.69 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.69 |
| Allspring MMF Prm (WMPXX) | 3.69 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.67 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.50 |
| Allspring Nat T-F Prem (WFNXX) | 2.41 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.39 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 2.35 |
| Schwab Municipal MF Ultra (SWOXX) | 1.97 |
We're almost approaching midway in the latest quarterly earnings season, and mentions of money market funds and "cash" are few and far between. Charles Schwab, which reported its Q2'26 earnings earlier this week, is normally a wealth of comments on sweeps and cash sorting. But not this quarter. On their Summer Business Update, President & CEO Rick Wurster says, "Our bank is an important differentiator for us. Our ability to offer checking, payments, and lending makes it easy for clients to consolidate their financial lives with us. For our ... clients, this represents an opportunity to help the RIAs on our platform meet more of their clients' financial needs in one place." (For more on Q2 earnings calls, see our July 20 Crane Data News: "State Street Q2'26 Earnings Call on Tokenized MMFs, Stablecoin Reserves and our July 16 Link of the Day, "BlackRock Talks Tokenization on Call.")
MFI PDF July 2026 Issue |
Largest Money Fund Managers |
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The July 2026 issue of Money Fund Intelligence features: “AFP ’26 Liquidity Survey Says Deposits, MMFs, T-Bills Rule,” which reviews a recent study on corporate cash allocations; “Money Fund Symposium ’26 KeyNote: JPMAM’s Chris Tufts,” which covers highlights from our recent conference in Jersey City; and, “ICI: Worldwide MMFs Record $13.5T in Q1’26; China Jumps,” which covers global MMF trends and country rankings. 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 June 30, 2026. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).
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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.
Last week, Reuters wrote, "US money market funds turn defensive with Fed rate outlook uncertain." The article says, "Money market funds are taking a more cautious approach in their portfolios, reflecting lingering uncertainty about the U.S. Federal Reserve's rate policy path, the latest industry data show. Weighted average ...
Federated Hermes hired Kevin Barr as Director of Digital Assets.
Linda Klingman, Schwab Asset Management's Head of Money Market Strategies, will retire Sept. 4. Senior Portfolio Manager Lynn Paschen will become Head of Money Market Strategies. Best wishes and thanks to Linda for her more than 35 years of service!
Allen Hoppe is retiring from the City of Minneapolis. Dave Wheeler will take over as Senior Manager. We wish Allen all the best in retirement!
Thanks to those who attended and supported our Money Fund Symposium in Jersey City! Mark your calendars for next year's event, which will be June 23-25, 2027, in Philadelphia. Please join us for our European Money Fund Symposium, which is Sept. 24-25 in Paris. We're making plans too for our Money Fund University, which is Dec. 17-18 in Greenwich, Conn., and for our next Bond Fund Symposium, which is March 22-23, 2027 in Philadelphia. 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 Paris or Greenwich in 2026 or in Philadelphia in 2027!