Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 21, 2024 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liquid Res Cap (WAAXX) 5.03
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 4.91
State Street Inst Liq Reserve Prem (SSIXX) 4.90
Federated Hermes Inst Prime Oblig IS (POIXX) 4.87
BlackRock Lq TempCash Inst (TMCXX) 4.87
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.95
Allspring MMF Prm (WMPXX) 4.92
Invesco Premier Institutional (IPPXX) 4.92
UBS Prime Preferred Fund (UPPXX) 4.92
First American Ret Prime Obligs X (FXRXX) 4.92
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.10
Allspring Nat Tax-Free Prem (WFNXX) 2.88
T Rowe Price Tax-Exempt MF I (TERXX) 2.87
JPMorgan Municipal MM Inst (IJMXX) 2.79
Schwab AMT Tax-Free MF Ultra (SCTXX) 2.79

Money Market News

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State Street reported its Q3 2024 Earnings last week, where they reported record cash levels and also commented on FICC repo. CEO Ron O'Hanley tells us, "We are also very pleased with the momentum at Global Advisors this quarter. Our cash, ETF and institutional businesses all had positive net flows, including record quarterly flows in cash and strong ETF flows. In aggregate, quarterly total net flows of $100 billion and quarter-end assets under management of $4.7 trillion both reached record levels in 3Q. Importantly, we expanded our market share in a number of key product areas and geographies. For example, we improved our institutional money market fund rank this quarter, while Spider also gained share in both U.S. low cost and commodities, as well as in the EMEA region."

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Inside Money Fund Intelligence

MFI PDF October 2024 Issue

Largest Money Fund Managers

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The October 2024 issue of Money Fund Intelligence features: "Assets Spike to Record $6.8T; Yields Plunge to 4.7% on Cut," which reviews the jump in assets and drop in yields following the big Fed cut; "European MF Symposium: Breaking Records in London," which quotes from our recent offshore MMF conference; and, “Worldwide MMFs Jump in Q2’24, Hit Record $10.6 Tril.," which recaps the latest statistics on money fund markets outside the U.​S.

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 September 30, 2024. (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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Oct 02
Martello Joins Deutsche'​s DWS

Mark Martello has joined DWS, Deutsche Bank's asset management arm, as Relationship Manager - Head of Midwest Corporate Coverage. He was previously with Dreyfus.

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Sep 17
Lotharius Joins Cavu Securities

Tony Lotharius recently joined Cavu Securities as a Managing Director - Cash Solutions. He was previously at State Street.

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Aug 22
Berretta, Curtis Join Deep Blue

Money market veterans Fred Berretta and Fritz Curtis have joined Deep Blue Investment Advisors. Deep Blue is based in Florida and manages public funds or LGIPs (local government investment pools).

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Crane Data News & Features

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Crane's Money Fund University 12/19-20

Thank you to those who supported our recent European Money Fund Symposium show in London! Mark your calendars for next year's event, which will be Sept. 25-26, 2025 in Dublin. We're now ramping up preparations for our Money Fund University, which will be held in Providence, R.I., Dec. 19-20, 2024. Mark your calendars too for our Bond Fund Symposium, which is scheduled for March 27-28, 2025 in Newport Beach, Calif., and for our next big show, Money Fund Symposium, which is scheduled for June 23-25, 2025 in Boston. 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 Providence this December, or in Newport Beach in March, in Boston in June or in Dublin in September 2025!