Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Nov. 23, 2024 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 4.82
BlackRock Lq TempCash Inst (TMCXX) 4.72
JPMorgan Prime MM Capital (CJPXX) 4.72
State Street Inst Liq Reserve Prem (SSIXX) 4.71
Western Asset Prem Inst Liq Res Cap (WAAXX) 4.71
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.83
First American Ret Prime Obligs X (FXRXX) 4.75
Invesco Premier Institutional (IPPXX) 4.74
UBS Prime Preferred Fund (UPPXX) 4.74
Allspring MMF Prm (WMPXX) 4.74
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 2.89
Allspring Nat T-F Prem (WFNXX) 2.83
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 2.71
T Rowe Price Tax Exempt MF I (TERXX) 2.70
JPMorgan Tax Free MM Inst (JTFXX) 2.69

Money Market News

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The U.S. Treasury's Office of Financial Research (OFR) published its "2024 Annual Report" earlier this week, and the update contains a number of mentions of repo, money funds and stablecoins. (See the press release here.) The report says on "Treasuries," "Risk arises from the basis trade because the profit on individual transactions is usually small, and investors often use leverage to achieve large positions. Most often, this is done by funding Treasury purchases in repurchase agreement, or repo, markets. A repo is a contract in which a market participant sells an asset with an agreement to buy it back. Repos require posting extra collateral if the price of the Treasury drops. If collateral requirements rise and the trade, including the cost of leverage, becomes unprofitable, or if repo funding dries up, the investor may unwind the trade by selling the Treasury and buying an offsetting future. This happened en masse in March 2020, adding to market stress."

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Inside Money Fund Intelligence

MFI PDF November 2024 Issue

Largest Money Fund Managers

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The November 2024 issue of Money Fund Intelligence features: "Tokenized Money Funds Gain Momentum; Issues Remain," which reviews the latest releases and news on MMFs on the blockchain; "Federated Hermes, Schwab Earnings Calls Highlight MMFs," which quotes from recent earnings call MMF comments; and, “BNY, UBS Latest to Liquidate Municipal Money Funds," which recaps the thinning among Tax-​Exempt Money Funds.

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 October 31, 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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Nov 22
DWS'​s Matt Plomin Passes Suddenly

We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.

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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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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!