Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 13, 2024 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 5.37
State Street Inst Liq Reserve Prem (SSIXX) 5.36
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 5.35
DWS ESG Liquidity Inst (ESGXX) 5.35
Allspring Heritage Select (WFJXX) 5.33
Retail Money Funds 7-Day Yield%
Invesco Premier Investor (IMRXX) 5.36
First American Ret Prime Obligs X (FXRXX) 5.34
Allspring MMF Prm (WMPXX) 5.34
UBS Prime Preferred Fund (UPPXX) 5.34
Federated Hermes Prime Cash Oblig WS (PCOXX) 5.32
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.32
Allspring Nat Tax-Free Prem (WFNXX) 3.24
Fidelity Inv MM: Tax Exempt I (FTCXX) 3.14
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 3.08
Dreyfus National Muni MMF Prem (GMHXX) 3.04

Money Market News

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The Investment Company Institute published its latest weekly "Money Market Fund Assets" report Thursday, which shows money market mutual fund assets rising for the 8th straight week to $6.121 trillion, breaking above their previous April 3 record of $6.111 trillion. MMF assets are up by $234 billion, or 4.9%, year-to-date in 2024 (through 6/12/24), with Institutional MMFs up $75 billion, or 2.5% and Retail MMFs up $159 billion, or 9.5%. Over the past 52 weeks, money funds have risen by $669 billion, or 12.3%, with Retail MMFs rising by $462 billion (23.2%) and Inst MMFs rising by $207 billion (6.0%). (Note: Thank you to those attending our Money Fund Symposium this week in Pittsburgh! We hope you had a great conference and visit.... Attendees and Crane Data subscribers may access the conference binder and materials via our "Money Fund Symposium 2024 Download Center.")

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Inside Money Fund Intelligence

MFI PDF June 2024 Issue

Largest Money Fund Managers

MFI pdf icon

The June 2024 issue of Money Fund Intelligence features: "Allspring, UBS, Dreyfus, DWS All File Plans to Leave Prime," which covers the continued exodus from Prime Institutional MMFs; "ICI 2024 Fact Book Shows Money Fund Trends in '23," which quotes from ICI’s annual compilation of fund statistics; and, “Money Funds Largest Buyers of T-Bills Says JPM; Berkshire," which looks at holders of Treasuries.

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.

MFI xls icon

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 May 31, 2024. (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.

People

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Jun 11
RIP Dreyfus'​s Louis Geser

We just learned that Louis Geser passed away recently after a long battle with pancreatic cancer. Geser was Director of Short Duration Credit Research at Dreyfus and BNY Mellon during the mid-00's. Our condolences to his family and all who knew Lou. (See the Obituary here.)

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May 05
In Memorium Dallas Ebel

We were shocked and saddened to learn of the sudden passing of Dallas Ebel recently. Ebel most worked for Ramirez Asset Management, and had previously been at BlackRock and Bank of America. Our deepest condolences to his family and friends. (See the Obituary here.)

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Apr 24
Birdthistle Out at SEC; Vij Greiner In

A press release tells us, "The Securities and Exchange Commission ... announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency.... Natasha Vij Greiner, currently the Deputy Director of the Division of Examinations, will be named Director of the Division of Investment Management."

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Crane Data News & Features

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Money Fund Symposium Pittsburgh, 6/12-14

Get ready for Crane Data’s big show! Money Fund Symposium will be held June 12-14, 2024, in Pittsburgh, Pa. Register and make hotel reservations soon. Also, thanks to those who attended our recent Bond Fund Symposium in Philadelphia! Next year's BFS will be held March 27-28, 2025 in Newport Beach, Calif. Mark your calendars for our European Money Fund Symposium, which will be in London, Sept. 19-20, 2024, and our Money Fund University, which will be in Providence, Dec. 19-20, 2024. Conference recordings and materials are available at the bottom of 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 Pittsburgh in June, in London in September or in Providence in December 2024!