Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 24, 2022 )
Institutional Money Funds 7-Day Yield%
Allspring Heritage Select (WFJXX) 1.50
Morgan Stanley Inst Liq Prime Inst (MPFXX) 1.48
State Street ESG Liq Reserve Prem (ELRXX) 1.47
UBS Select ESG Prime Preferred Fund (SSPXX) 1.44
Federated Hermes Inst MM Mgmt IS (MMPXX) 1.43
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 1.49
Fidelity Inv MM: MM Port Inst (FNSXX) 1.47
Goldman Sachs Investor MM Inst (FMJXX) 1.37
Federated Hermes Prime Cash Oblig WS (PCOXX) 1.37
UBS Prime Preferred Fund (UPPXX) 1.37
Tax Exempt Money Funds 7-Day Yield%
Allspring Muni Cash Mg MM Inst (EMMXX) 0.90
Federated Hermes Muni Obligs WS (MOFXX) 0.86
Schwab Municipal MF Ultra (SWOXX) 0.85
Vanguard Municipal MMF (VMSXX) 0.82
Fidelity NJ AMT Tax-Free MM Inst (FSKXX) 0.81

Money Market News

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Staff from the SEC's Division of Investment Management published a brief paper entitled, "Prime MMFs' Asset Composition and Asset Sales," which shows that Prime money market funds have increased their liquidity and exposure to government securities substantially over the past two years. Authors Viktoria Baklanova, Isaac Kuznits and Trevor Tatum summarize, "This study analyzes portfolio holdings data filed by prime money market funds (MMFs) on Form N-MFP to gain insights about these funds' portfolio composition in March 2020 through the present. The analysis also includes data filed on Form N-CR, which is used for current reporting of MMFs' material events such as sales of securities to affiliated firms, and data about the Money Market Mutual Fund Liquidity Facility (MMLF). The analysis shows that since March 2020 prime MMFs increased their holdings of government securities and repurchase agreements (repos) overall. Allocations to credit-related securities issued by banks and other types of firms may differ substantially among prime MMF categories." (Note: Thanks once again to those who attended our Money Fund Symposium in Minneapolis! Conference materials and recordings are now available in our "Money Fund Symposium 2022 Download Center." Also, mark your calendars for next year's Money Fund Symposium, which is June 21-23, 2023, in Atlanta. See you next year!)

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Inside Money Fund Intelligence

MFI PDF June 2022 Issue

Largest Money Fund Managers

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The June 2022 issue of Money Fund Intelligence features: "Money Fund Yields Climb, Pulling Sweeps, Deposits Up," which discusses the jump in money fund rates; "ICI 2022 Fact Book Shows Money Fund Trends in '21," which covers the Investment Company Institute’s annual statistical guide; and, "Bank of England, FCA Paper Reviews Money Funds in UK," which reviews regulatory discussions in Europe.

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 May 31, 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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Jun 07
Cap Advisors Looking on West Coast

Capital Advisors Group is seeking to expand its West Coast Business Development Team. See details here and contact Ray Facinelli if interested.

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Jun 01
TriState Capital Seeks Sales Officer

TriState Capital Bank is seeking a National Deposit Sales Officer to be based in Pittsburgh, Pa (or remote). Click here for details or contact Jesse Levitt.

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May 24
Northern Seeks Product Manager

Northern Trust Asset Management is seeking a Senior Strategic Product Manager, Liquidity.

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Crane Data News & Features

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Money Fund Symposium Thanks You!

Thanks to those who attended and supported our Money Fund Symposium in Minneapolis! We're now gearing up for our 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. Mark your calendars for our next Bond Fund Symposium, March 23-24, 2023 in Boston, and next year's Money Fund Symposium, which will take place June 21-23, 2023 in Atlanta, Ga. Let us know if you'd like more information on any of our shows, and we hope to see you in Paris this fall! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.