Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Nov. 18, 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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Money fund yields declined by 9 basis points to 4.48% on average during the week ended Friday, Nov. 15 (as measured by our Crane 100 Money Fund Index), after falling 7 bps the week prior. Yields are now reflecting the majority of the Federal Reserve's 25 basis point cut on November 7, but they should continue inching lower this week and next. They've declined by 58 bps since the Fed cut its Fed funds target rate by 50 bps percent on Sept. 18 and they've declined by 15 bps since the Fed cut rates by 1/4 point on 11/7. Yields were 4.65% on average on 10/31, 4.75% on 9/30, 5.10% on 8/31, 5.13% on 7/31 and 6/28, 5.14% on 5/31, 5.13% on 4/30, 5.14% on 3/31 and 2/29/24, 5.17% on 1/31/24, and 5.20% on 12/31/23. (Note: Register soon for our "basic training" event, Money Fund University, which takes place Dec. 19-20 in Providence, RI.)

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Inside Money Fund Intelligence

MFI PDF November 2024 Issue

Largest Money Fund Managers

MFI pdf icon

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.

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 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.

People

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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!