Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Jan. 16, 2025 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 4.42
Morgan Stanley Inst Liq Prime Inst (MPFXX) 4.42
Federated Hermes Inst Prime Obligs IS (POIXX) 4.41
BlackRock Lq TempCash Inst (TMCXX) 4.40
State Street Inst Liq Reserve Prem (SSIXX) 4.36
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 4.44
Allspring MMF Prm (WMPXX) 4.42
JPMorgan Liquid Assets Capit (CJLXX) 4.40
UBS Prime Preferred Fund (UPPXX) 4.40
Invesco Premier Institutional (IPPXX) 4.38
Tax Exempt Money Funds 7-Day Yield%
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) 2.40
T Rowe Price Tax-Exempt MF I (TERXX) 2.25
Allspring Nat Tax-Free Prem (WFNXX) 2.21
Federated Hermes Muni Oblig WS (MOFXX) 2.04
Fidelity Municipal MM Fund (FTEXX) 1.94

Money Market News

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The SEC published its latest quarterly "Private Funds Statistics" report recently, which summarizes Form PF reporting and includes some data on "Liquidity Funds," or pools which are similar to but not money market funds. The publication shows overall Liquidity fund assets were higher in the latest reported quarter (Q2'24) at $342 billion (up from $331 billion in Q1'24 and up from $319 billion in Q2'23). We also again briefly review the part of the SEC's MMF Reforms which addresses "Amendments to Form PF Reporting Requirements for Large Liquidity Fund Advisers" and which went into effect over the summer, below. (Note: Please join us for our upcoming Bond Fund Symposium, which will be held March 27-28, 2025 in Newport Beach, California!)

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Inside Money Fund Intelligence

MFI PDF January 2025 Issue

Largest Money Fund Managers

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The December 2024 issue of Money Fund Intelligence features: "Money Fund Assets Break Over $7.0 Trillion; Still Going," which reviews the continued jump in MMF assets; "Top 10 Stories of 2024: Asset Surge Continues, Yields Peak," which looks back at some of Crane Data’s top stories of the year; and, “BlackRock Files for Money Market ETFs: Will They Fly?," which looks at the new ETF filings.

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.

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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 December 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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Jan 14
Lou Bonnet Retiring from CIBC

Louis Bonnet, Head of US Money Markets - Financial Solutions Group, at CIBC World Markets Corp., will be retiring after 42 years. We wish Lou all the best in retirement!

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Nov 22
DWS'​s Matt Plomin Passes Suddenly

We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.

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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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Crane Data News & Features

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Crane's Bond Fund Symposium 3/27-28

Thank you to those who attended our recent Money Fund University show in Providence! We hope you enjoyed the show.... Mark your calendars for next year's event, which will be Dec. 18-19, 2025, in Pittsburgh. We're now ramping up preparations for our Bond Fund Symposium, which will be held March 27-28 in Newport Beach, Calif. Mark your calendars too for our next Money Fund Symposium, which is scheduled for June 23-25 in Boston, and for our next European Money Fund Symposium, which is scheduled for Sept. 25-26 in Dublin. 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 Newport Beach in March, in Boston in June, in Dublin in September or in Pittsburgh in December 2025!