| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.33 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.30 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 4.30 |
| JPMorgan Prime MM Capital (CJPXX) | 4.30 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.30 |
| Invesco Premier Institutional (IPPXX) | 4.34 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.34 |
| UBS Prime Preferred Fund (UPPXX) | 4.34 |
| Allspring MMF Prm (WMPXX) | 4.33 |
| First American Ret Prime Obligs X (FXRXX) | 4.32 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.71 |
| Allspring Nat T-F Prem (WFNXX) | 2.65 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.64 |
| JPMorgan Tax Free MM Instit (JTFXX) | 2.52 |
| Schwab Municipal MF Ultra (SWOXX) | 2.52 |
Money Market News
MORE NEWS »
Crane Data's latest monthly Money Fund Portfolio Holdings statistics will be sent out Wednesday, and we'll be writing our regular monthly update on the new September data for Thursday's News. But we also already uploaded a separate and broader Portfolio Holdings data set based on the SEC's Form N-MFP filings on Tuesday. (We continue to merge the two series, and the N-MFP version is now available via our Portfolio Holdings file listings to Money Fund Wisdom subscribers.) Our new N-MFP summary, with data as of August 31, includes holdings information from 988 money funds (down 1 from last month), representing assets of $7.701 trillion (up from $7.530 trillion a month ago). Prime MMFs rose to $1.193 trillion (up from $1.182 trillion), or 15.5% of the total. We review the new N-MFP data and we also look at our revised MMF expense data, which shows charged expenses were mostly flat and money fund revenues rose to $20.1 billion (annualized) in August.
Inside Money Fund Intelligence
MFI PDF September 2025 Issue |
Largest Money Fund Managers |
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 The September 2025 issue of Money Fund Intelligence features: "Money Fund Assets Blow Past $7.5 Trillion; Headed for $8.0T," which reviews the latest surge in MMF assets; "BNY Dreyfus, Goldman Both Launch Stablecoin Reserves," which quotes from new filings for Stablecoin Reserves money funds; and, “JPM on Offshore MMFs; European MFs Record $1.5T," which covers a recent update on money funds in Ireland. 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 Aug. 31, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). 
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About Crane Data LLC
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.
Link of the Day
MORE LINKS »
Sep 10
AFP on Liquidity in Flux, Survey
The Association for Financial Professionals (AFP), which will be hosting its AFP25 Annual Conference in Boston October 26-28, published a brief titled, "Liquidity in Flux: Prioritizing Safety in Uncertainty." They ask, "How are companies responding to today's uncertainties? According to the 2025 AFP Liquidity Survey, underwritten by Invesco ...
People
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Aug 29
Knight Retires from ICD Portal
Tom Knight recently retired from online money market trading portal ICD. (See his LinkedIn post here.) We wish Tom all the best!
Jul 16
Abate Moves to SMBC Nikko Securities
Joseph Abate is the new Head of Rates Strategy at SMBC Nikko Securities. He was previously with Barclays.
Jul 03
Lupica Joins Academy Securities
A press release says, "Kim Lupica Joins Academy Securities as Managing Director, Commercial Paper Trading & Origination." She was previously at Bank of America.
Crane Data News & Features
contact us »European MF Symposium Dublin, 9/22-23
Thank you to those who attended and supported our recent Money Fund Symposium in Boston! Mark your calendars for next year’s show, which will be in Jersey City, June 24-26, 2026. We’re now gearing up for our European Money Fund Symposium, which is scheduled for Sept. 22-23 in Dublin, and for our next Money Fund University, which is scheduled for Dec. 18-19 in Pittsburgh. Finally, mark your calendars for next year’s Bond Fund Symposium, which is scheduled for March 19-20, 2026, in Boston. 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 Dublin in September, in Pittsburgh in December or in Boston or Jersey City in 2026!