Western Asset Prem Inst Liq Res Cap (WAAXX) | 5.43 |
DWS ESG Liquidity Inst (ESGXX) | 5.39 |
State Street Inst Liq Reserve Prem (SSIXX) | 5.39 |
Allspring Heritage Select (WFJXX) | 5.38 |
Federated Hermes Inst MM Mgmt IS (MMPXX) | 5.36 |
Allspring MMF Prm (WMPXX) | 5.36 |
Invesco Premier Investor (IMRXX) | 5.36 |
First American Ret Prime Obligs X (FXRXX) | 5.35 |
UBS Prime Preferred Fund (UPPXX) | 5.35 |
Federated Hermes Prime Cash Oblig WS (PCOXX) | 5.34 |
Federated Hermes Muni Obligs WS (MOFXX) | 3.87 |
UBS Tax-Free Preferred (SFPXX) | 3.74 |
Vanguard Municipal MMF (VMSXX) | 3.73 |
Western Asset Select Tax Free Res Sel (CIFXX) | 3.71 |
Allspring Nat T-F Prem (WFNXX) | 3.68 |
The Securities and Exchange Commission's latest monthly "Money Market Fund Statistics" summary shows that total money fund assets fell by $68.5 billion in March to $6.457 trillion, after hitting a record $6.525 trillion the month prior. The SEC shows Prime MMFs rising $8.1 billion in March to $1.415 trillion, Govt & Treasury funds decreasing $78.8 billion to $4.914 trillion and Tax Exempt funds increasing $2.2 billion to $128.3 billion. Taxable yields inched lower in March after dipping in February. The SEC's Division of Investment Management summarizes monthly Form N-MFP data and includes asset totals and averages for yields, liquidity levels, WAMs, WALs, holdings, and other money market fund trends. We review their latest numbers below. (Month-to-date in April through 4/19, total money fund assets decreased by $61.9 billion to $6.336 trillion, according to our separate, and slightly smaller, MFI Daily series.)
MFI PDF April 2024 Issue |
Largest Money Fund Managers |
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The April 2024 issue of Money Fund Intelligence features: "Pending Reforms Trigger Prime Shift: Federated, Vanguard Go," which covers the budding exodus from Prime Institutional MMFs; "Bond Fund Symposium '24: Ultra-Shorts Look for Bounce," which quotes from our recent ultra-short bond fund conference; and, “Worldwide MF Assets Break $10 Trillion in '23; US Leads," which reviews ICI's latest global money fund statistics. 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 March 31, 2024. (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.
Money fund yields were unchanged at 5.12% on average (as measured by our Crane 100 Money Fund Index) in the week ended April 19, after inching lower the week prior. Our Crane 100 is an average of 7-day yields for the 100 largest taxable money funds. Yields were ...
A release titled, "GLMX Promotes Giglio and Wiblin as Expansion Continues" says, "GLMX, a comprehensive global technology solution for trading Money Market instruments, including repurchase agreements, ... announced [that] Sal Giglio, previously COO and Chief Markets Officer, has been promoted to President and Chief Revenue Officer. Andy Wiblin, previously Chief Product Officer, has been promoted to Global Chief Operating Officer."
Jason Straker is now a VP & Senior Sales Representative with Federated Hermes. He was previously with Western Asset.
State Street Global Advisors is seeking a Senior Portfolio Manager and Trader. Click here for details.
Get ready for Crane Data’s big show! Money Fund Symposium will be held June 12-14, 2024, in Pittsburgh, Pa. Register and make hotel reservations soon. Also, thanks to those who attended our recent Bond Fund Symposium in Philadelphia! Next year's BFS will be held March 27-28, 2025 in Newport Beach, Calif. Mark your calendars for our European Money Fund Symposium, which will be in London, Sept. 19-20, 2024, and our Money Fund University, which will be in Providence, Dec. 19-20, 2024. Conference recordings and materials are available at the bottom of 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 Pittsburgh in June, in London in September or in Providence in December 2024!