Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 19, 2022 )
Institutional Money Funds 7-Day Yield%
UBS Select ESG Prime Preferred Fund (SSPXX) 0.87
Federated Hermes Inst MM Mgmt IS (MMPXX) 0.84
Allspring Heritage Select (WFJXX) 0.84
DWS ESG Liquidity Inst (ESGXX) 0.82
Western Asset Prem Inst Liq Res Cap (WAAXX) 0.82
Retail Money Funds 7-Day Yield%
Allspring MMF Prm (WMPXX) 0.84
UBS Prime Preferred Fund (UPPXX) 0.80
Fidelity Inv MM: MM Port Inst (FNSXX) 0.77
Goldman Sachs Investor MM Inst (FMJXX) 0.77
Federated Hermes Prime Cash Oblig WS (PCOXX) 0.76
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 0.68
Dreyfus AMT Free T-E Cash Mg In (DEIXX) 0.68
Vanguard Municipal MMF (VMSXX) 0.65
Allspring Muni Cash Mgmt MM Inst (EMMXX) 0.64
Schwab Municipal MF Ultra (SWOXX) 0.64

Money Market News

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The Securities and Exchange Commission's latest monthly "Money Market Fund Statistics" summary shows that total money fund assets decreased by $63.3 billion in April to $5.037 trillion after increasing in March but declining sharply in Jan. and Feb. The SEC shows that Prime MMFs decreased by $11.7 billion in April to $842.1 billion, Govt & Treasury funds decreased $57.1 billion to $4.095 trillion and Tax Exempt funds increased $5.5 billion to $100.2 billion. Taxable yields jumped again in April. 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. (Note: Register and make hotel reservations ASAP for our Money Fund Symposium, which takes place in just one month, June 20-22, in Minneapolis, Minn. We hope to see you at the big show next month!)

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Inside Money Fund Intelligence

MFI PDF May 2022 Issue

Largest Money Fund Managers

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The May 2022 issue of Money Fund Intelligence features: "Comments to SEC on MMF Reforms Support Liquidity Fee," which discusses the feedback on pending regulatory changes; "Fidelity Letter Blasts SEC on Swing Pricing, Negative Yields," which quotes from the largest fund manager's feedback to the Commission; and, "Earnings Reports Show Fee Waivers Retreating in Q1'22," which reviews the latest reports on the return of fees in MMFs.

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 April 30, 2022. (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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Apr 20
Monteiro Moves to BNY Mellon UK

Oscar Monteiro is the new Head of European Institutional Liquidity Sales at BNY Mellon Investment Management.

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Apr 14
Schidlovsky Moves to KBRA

Constantine Schidlovsky is now Senior Director, Global Head of Funds Business Development at KBRA. He was formerly at Fitch Ratings.

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Apr 08
Citi Treasury Portal Seeks VP

Citi Treasury & Trade Solutions is seeking a VP, Liquidity Solution Specialist in San Francisco. Click here for details.

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Crane Data News & Features

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Money Fund Symposium in Minneapolis

Thanks to those who attended and supported our Bond Fund Symposium in Newport Beach! We're now gearing up for our big show, Money Fund Symposium, which will take place June 20-22, 2022 in Minneapolis, Minn. Also, mark your calendars for our next European Money Fund Symposium, which is scheduled for Sept. 27-28, 2022 in Paris, France, and our next Money Fund University, which is scheduled for Dec. 15-16, 2022 in Boston, Mass. Watch for details in coming months. Let us know if you'd like more information on any of our shows, and we hope to see you in Minneapolis this summer! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.