Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 17, 2022 )
Institutional Money Funds 7-Day Yield%
UBS Select ESG Prime Preferred Fund (SSPXX) 0.84
State Street ESG Liq Reserve Prem (ELRXX) 0.82
Federated Hermes Inst MM Mgmt IS (MMPXX) 0.82
DWS ESG Liquidity Inst (ESGXX) 0.81
Western Asset Prem Inst Liq Res Cap (WAAXX) 0.81
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 0.80
UBS Prime Preferred Fund (UPPXX) 0.77
Fidelity Inv MM: MM Port Inst (FNSXX) 0.75
JPMorgan Liquid Assets Capit (CJLXX) 0.75
Federated Hermes Prime Cash Oblig WS (PCOXX) 0.74
Tax Exempt Money Funds 7-Day Yield%
Dreyfus AMT Free T-E Cash Mg In (DEIXX) 0.59
Federated Hermes Muni Obligs WS (MOFXX) 0.59
Vanguard Municipal MMF (VMSXX) 0.56
Schwab Municipal MF Ultra (SWOXX) 0.56
JPMorgan Inst Tax Free MM Capital (JOCXX) 0.56

Money Market News

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Today, we quote from the last of the 20 largest money fund managers' "Comments on Money Market Fund Reform" by reviewing letters from T. Rowe Price, HSBC and Western Asset, the 16th, 18th and 20th largest managers of money market funds. T. Rowe Price's Doug Spratley, Jonathan Siegel & Vicki Booth comment, "T. Rowe Price is a global investment adviser serving a broad array of clients, from individual savers to large institutions and funds, and has assets under management (AUM) of $1.54 trillion. We offer government money market funds to retail and institutional shareholders, and our prime and tax-exempt money market funds are offered to retail investors. Our money market funds are used by investors for a variety of purposes, such as supporting near- and longer-term savings, serving as an emergency fund for unexpected expenses and life changes, providing a safe haven from volatile markets, and being a low-risk vehicle for preserving capital coupled with some return potential. In addition, many of our products, including our proprietary mutual funds as well as many of our external client accounts, invest their excess cash in T. Rowe Price government money market funds that are not available for direct purchase by the public."

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Inside Money Fund Intelligence

MFI PDF May 2022 Issue

Largest Money Fund Managers

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The May 2022 issue of Money Fund Intelligence features: "Comments to SEC on MMF Reforms Support Liquidity Fee," which discusses the feedback on pending regulatory changes; "Fidelity Letter Blasts SEC on Swing Pricing, Negative Yields," which quotes from the largest fund manager's feedback to the Commission; and, "Earnings Reports Show Fee Waivers Retreating in Q1'22," which reviews the latest reports on the return of fees in MMFs.

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 April 30, 2022. (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.

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Apr 20
Monteiro Moves to BNY Mellon UK

Oscar Monteiro is the new Head of European Institutional Liquidity Sales at BNY Mellon Investment Management.

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Apr 14
Schidlovsky Moves to KBRA

Constantine Schidlovsky is now Senior Director, Global Head of Funds Business Development at KBRA. He was formerly at Fitch Ratings.

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Apr 08
Citi Treasury Portal Seeks VP

Citi Treasury & Trade Solutions is seeking a VP, Liquidity Solution Specialist in San Francisco. Click here for details.

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Crane Data News & Features

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Money Fund Symposium in Minneapolis

Thanks to those who attended and supported our Bond Fund Symposium in Newport Beach! We're now gearing up for our big show, Money Fund Symposium, which will take place June 20-22, 2022 in Minneapolis, Minn. Also, mark your calendars for our next European Money Fund Symposium, which is scheduled for Sept. 27-28, 2022 in Paris, France, and our next Money Fund University, which is scheduled for Dec. 15-16, 2022 in Boston, Mass. Watch for details in coming months. Let us know if you'd like more information on any of our shows, and we hope to see you in Minneapolis this summer! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.