| JPMorgan Prime MM Capital (CJPXX) | 3.70 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.70 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.69 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.67 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.62 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.73 |
| Invesco Premier Institutional (IPPXX) | 3.70 |
| Allspring MMF Prm (WMPXX) | 3.69 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.68 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.66 |
| Vanguard Municipal MMF (VMSXX) | 2.40 |
| Allspring Nat Tax-Free Prem (WFNXX) | 2.40 |
| Federated Hermes Tax-Free Oblig WS (TBIXX) | 2.39 |
| JPMorgan Municipal MM Instit (IJMXX) | 2.39 |
| Schwab Municipal MF Ultra (SWOXX) | 2.34 |
Crane Data's latest monthly Money Fund Market Share rankings show assets down among the largest U.S. money fund complexes in March, after being up in February and mixed in January. Assets have increased in 19 of the past 21 months (only April 2025 and March 2026 saw declines). Money market fund assets fell by $56.6 billion, or -0.7%, last month to $8.193 trillion. Total MMF assets have increased by $76.2 billion, or 0.9%, over the past 3 months, and they've increased by $861.1 billion, or 11.7%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by Fidelity, First American, BlackRock, Schwab and Allspring, which grew assets by $9.3 billion, $9.3B, $6.5B, $5.9B and $5.1B, respectively. Declines in March were seen by SSIM, Vanguard, Goldman Sachs, Federated Hermes and BNY Dreyfus, which decreased by $16.2 billion, $13.9B, $13.1B, $10.3B and $9.1B, respectively. Our domestic U.S. "Family" rankings are available in our MFI XLS product, our global rankings are available in our MFI International product. The combined "Family & Global Rankings" are available to Money Fund Wisdom subscribers. We review the latest market share totals, and look at money fund yields, which were lower in March.
MFI PDF March 2026 Issue |
Largest Money Fund Managers |
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The March 2026 issue of Money Fund Intelligence features: “More Tokenized MMFs But Stablecoin Growth Stalling,” which discusses a new tokenized MMF entrant and stablecoin balances; “State Street Prime, ProShares Money Market ETFs Go Live,” which reviews the latest launches of money market ETFs; and, “Federated’s Cunningham on Money Funds’ New Normal” which looks at the continued strength in money fund assets. 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 Feb. 28, 2026. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).
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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.
The Federal Reserve Bank of Atlanta recently published a paper on "Fiat-Backed Stablecoins and Narrow Banking." Its summary says, "Devastated by the misery of millions of people during the Great Depression caused by the collapse of the entire US financial system, a group of economists at the University of ...
Cory Ryan joined Barclays to head NY Sales. He was previously with Jefferies. Meanwhile London-based Steve Collins is no longer with Barclays.
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
Thank you to those who attended and supported our recent Bond Fund Symposium in Boston! Mark your calendars for next year's show, which is tentatively scheduled for Philadelphia, March 25-26, 2027. We're now ramping up preparations for our big show, Money Fund Symposium, which is June 24-26, 2026 in Jersey City, NJ. Mark your calendars too for our European Money Fund Symposium, which is Sept. 24-25 in Paris, and for our Money Fund University, which is Dec. 17-18 in Greenwich, Conn. 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 Jersey City, Paris or Greenwich in 2026!