| BlackRock Lq TempCash Inst (TMCXX) | 4.17 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.16 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 4.15 |
| JPMorgan Prime MM Capital (CJPXX) | 4.15 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.09 |
| Invesco Premier Institutional (IPPXX) | 4.22 |
| UBS Prime Preferred Fund (UPPXX) | 4.19 |
| Allspring MMF Prm (WMPXX) | 4.18 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.17 |
| Schwab Prime Adv MF Ultra (SNAXX) | 4.16 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 3.02 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 2.87 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.87 |
| Allspring Nat T-F Prem (WFNXX) | 2.79 |
| BlackRock Liq MuniCash Inst (MCSXX) | 2.79 |
Federated Hermes reported Q3'25 earnings Thursday night and hosted its Q3'25 earnings call on Friday morning. In the press release, President & CEO J. Christopher Donahue, says, "In the declining rate environment of the third quarter, investors with interest in capital preservation and liquidity continued to rely on our money market offerings. They also turned to our microshort and ultrashort funds, which are a step further out the yield curve and pursue higher yields than money market strategies."
MFI PDF October 2025 Issue |
Largest Money Fund Managers |
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The October 2025 issue of Money Fund Intelligence features: “Wall of Cash, Levels of Cash Debate Heats Up; Still Going,” which reviews the latest discussions around record MMF balances and potential outflows; "European MF Symposium Toasts Irish MMFs at $1T,” which highlights our recent offshore money fund event in Dublin; and, “Worldwide MMFs Jump in Q2’25 to Record $12.3 Trillion,” which covers global MMF trends. 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 Sept. 30, 2025. (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 New York Times asks in a new article, "Interest Rates Are Falling. Why Are People Still Buying Money Market Funds?" They write, "Money market funds seem to be defying gravity. They are paying less in interest to investors, but becoming more popular. Given a choice, people usually want more ...
"Treasury Curve Appoints Fred Berretta as Vice President of Partnerships to Accelerate Channel Growth," says a press release.
Paxos, which runs the stablecoin PYUSD for Paypal, is seeking a Senior Manager, Business Development. See here for details.
Tom Knight recently retired from online money market trading portal ICD. (See his LinkedIn post here.) We wish Tom all the best!
Thank you to those who attended and supported our recent European Money Fund Symposium in Dublin! Mark your calendars for next year’s show, which will be in Paris, Sept. 24-25, 2026. We’re now gearing up for our “basic training” event, Money Fund University, which is scheduled for Dec. 18-19 in Pittsburgh. Mark your calendars too for our next Bond Fund Symposium, which is March 19-20, 2026, in Boston, and for our next big show, Money Fund Symposium, which is June 24-26, 2026 in Jersey City, NJ. 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 Pittsburgh in December, or in Boston, Jersey City or Paris in 2026!