Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 26, 2024 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liquid Res Cap (WAAXX) 5.05
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 4.98
State Street Inst Liq Reserve Prem (SSIXX) 4.96
BlackRock Lq TempCash Inst (TMCXX) 4.95
Federated Hermes Inst Prime Oblig IS (POIXX) 4.93
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 5.01
Invesco Premier Institutional (IPPXX) 4.99
First American Ret Prime Obligs X (FXRXX) 4.99
Allspring MMF Prm (WMPXX) 4.99
UBS Prime Preferred Fund (UPPXX) 4.97
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 3.55
Vanguard Municipal MMF (VMSXX) 3.35
Allspring Nat Tax-Free Prem (WFNXX) 3.32
Fidelity Inv MM: Tax Exempt I (FTCXX) 3.30
T Rowe Price Tax-Exempt MF I (TERXX) 3.28

Money Market News

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The Investment Company Institute published its latest weekly "Money Market Fund Assets" report and its latest monthly "Trends in Mutual Fund Investing" for August 2024, as well as its monthly "Month-End Portfolio Holdings of Taxable Money Funds" Thursday. The former shows money market mutual fund assets skyrocketing $120.8 billion -- the 6th largest weekly increase ever and the largest non-Covid or non-SVB related increase -- to a record $6.424 trillion. Assets have risen in 18 of the last 23 weeks, increasing by $446.9 billion (or 7.5%) since April 24. MMF assets are up by $538 billion, or 11.4%, year-to-date in 2024 (through 9/25/24), with Institutional MMFs up $255 billion, or 8.3% and Retail MMFs up $283 billion, or 16.9%. Over the past 52 weeks, money funds have risen by $780 billion, or 13.8%, with Retail MMFs up by $440 billion (20.6%) and Inst MMFs rising by $341 billion (9.7%). (Note: Crane Data's separate and more comprehensive asset series shows money funds hitting a record $6.766 trillion this week!)

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Inside Money Fund Intelligence

MFI PDF September 2024 Issue

Largest Money Fund Managers

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The September 2024 issue of Money Fund Intelligence features: "SSGA, Columbia Stick with Prime Inst MMFs; Changes," which breaks down the latest news in the Prime Inst space; "MMFs Hit Record $6.68 Trillion; Falling Rates Driving Inflows," which covers the recent (and pending) asset surge; and, “More Scrutiny on Sweeps; Investment News, UBS," which follows the most recent news on brokerage sweeps.

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 August 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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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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Aug 14
McColley Retires from Columbia

John McColley retired from Columbia Threadneedle Investments after almost 40 years of service. He is succeeded by Portfolio Manager Ryan Krieg. We wish John all the best in retirement!

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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!