Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 22, 2026 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 3.69
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 3.67
Federated Hermes Inst Prime Obligs IS (POIXX) 3.67
BlackRock Lq TempCash Inst (TMCXX) 3.66
Western Asset Prem Inst Liq Res Capital (WAAXX) 3.61
Retail Money Funds 7-Day Yield%
Morgan Stanley IL Liq MMP Wealth (MWMXX) 3.71
Invesco Premier Institutional (IPPXX) 3.68
JPMorgan Liquid Assets Capit (CJLXX) 3.67
Allspring MMF Prm (WMPXX) 3.67
Federated Hermes Prime Cash Oblig WS (PCOXX) 3.63
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Inst Tax-Fr Cash Tr Pr (FTFXX) 2.84
JPMorgan Inst Tax Free MM Capital (JOCXX) 2.81
Western Asset Select Tax Free Res Sel (CIFXX) 2.81
Vanguard Municipal MMF (VMSXX) 2.77
Allspring Nat T-F Prem (WFNXX) 2.73

Money Market News

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The U.S. Securities and Exchange Commission published its latest monthly "Money Market Fund Statistics" summary, which shows that total money fund assets decreased by $50.7 billion in March 2026 to $8.290 trillion, after hitting a record high $8.341 trillion the month prior. The SEC shows Prime MMFs decreased $0.5 billion in March to $1.382 trillion, Govt & Treasury funds decreased $52.0 billion to $6.756 trillion and Tax Exempt funds increased $1.8 billion to $151.9 billion. Taxable yields were lower in March following declines 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. (Our MFI XLS monthly shows money fund assets decreasing $59.9 billion in March 2026 to $8.198 trillion. In April month-to-date through 4/21, total money fund assets have decreased by $104.3 billion to $8.088 trillion, according to Crane Data's separate, and slightly smaller, MFI Daily series.)

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Inside Money Fund Intelligence

MFI PDF April 2026 Issue

Largest Money Fund Managers

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The April 2026 issue of Money Fund Intelligence features: “JPM: Corporates Driving MMF Asset Gains; A Look at Fed Z.1,” which reviews corporate cash balances and their impact on money fund growth; “Bond Fund Symposium in Boston: Ho & Schneider,” which quotes from our recent ultra-short bond fund conference; and, “Fidelity Reserves Digital, 5th Stablecoin Reserve Fund” 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.

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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 March 31, 2026. (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 06
Ryan Joins Barclays; Collins Leaves

Cory Ryan joined Barclays to head NY Sales. He was previously with Jefferies. Meanwhile London-based Steve Collins is no longer with Barclays.

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Mar 03
Cloherty Joins CIBC

Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.

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Dec 09
Thrivent Seeks Portfolio Manager

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."

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Crane Data News & Features

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Money Fund Symposium Jersey City, 6/24-26

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!