| Western Asset Prem Inst Liq Res Cap (WAAXX) | 5.42 |
| DWS ESG Liquidity Inst (ESGXX) | 5.40 |
| State Street Inst Liq Reserve Prem (SSIXX) | 5.39 |
| Allspring Heritage Select (WFJXX) | 5.36 |
| Federated Hermes Inst MM Mgmt IS (MMPXX) | 5.36 |
| Invesco Premier Investor (IMRXX) | 5.37 |
| First American Ret Prime Obligs X (FXRXX) | 5.36 |
| Allspring MMF Prm (WMPXX) | 5.36 |
| UBS Prime Preferred Fund (UPPXX) | 5.35 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 5.35 |
| Federated Hermes Muni Obligs WS (MOFXX) | 3.77 |
| Vanguard Municipal MMF (VMSXX) | 3.57 |
| Allspring Nat Tax-Free Prem (WFNXX) | 3.56 |
| Dreyfus AMT-Free T-E Cash Mgmt Ins (DEIXX) | 3.55 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 3.55 |
Money Market News
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Another Prime Institutional money market fund filed to liquidate Friday, bringing the total of MMF portfolios liquidating or "going Government" to 6 to date. A Prospectus Supplement filing for the $6.6 billion Dreyfus Cash Management Fund, including its Admin (DACXX), Institutional (DICXX), Investor (DVCXX) and Preferred (DCEXX) Shares, explains, "The Board of Trustees of Dreyfus Cash Management (the "Fund") has approved the liquidation of the Fund, effective on or about September 6, 2024. Before the Liquidation Date, and at the discretion of Fund management, the Fund's portfolio securities will be sold and/or allowed to mature in their normal course and the Fund may cease to pursue its investment objective and policies. The liquidation of the Fund may result in one or more taxable events for shareholders subject to federal income tax." The 6 Prime Institutional money funds declaring either pending conversions to Government or pending liquidations now represent $218.2 billion in assets, or 34.9% of the $624.9 billion total in Prime Inst MMFs (assets as of 4/30/24). (For more, see these Crane Data News stories: "Goldman Files to Liquidate Prime Inst MMFs; Barron's: MMFs Tempting" (4/22/24), "Federated Liquidating Money Mkt Trust" (4/1/24), "Vanguard Market Liquidity Fund Files to Go Government, Joins American" (3/20/24) and "American Funds Central Cash to Convert to Govt to Avoid Liquidity Fees" (2/6/24).)
Inside Money Fund Intelligence
MFI PDF May 2024 Issue |
Largest Money Fund Managers |
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 The May 2024 issue of Money Fund Intelligence features: "Goldman Latest Prime Inst Exit; CP/CDs Should Be Okay," which covers the continued exodus from Prime Institutional MMFs; "Corporate Treasurers Leaning Away from Prime, to SMAs," which quotes quotes from recent TEXPO 2024 & NEAFP conferences; and, “NY Fed Says Money Funds in Europe Reflect Rates Fast Too," which reviews reviews an article from The Federal Reserve Bank of NY. 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 April 30, 2024. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). 
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About Crane Data LLC
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.
Link of the Day
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May 12
Money Fund Symposium in 1 Month!
With just one month to go, preparations are fully underway for Crane Data's big show, Money Fund Symposium. Money Fund Symposium 2024 is scheduled for June 12-14, 2024 at The Westin Pittsburgh, in Pittsburgh, Pa, and we're expecting a near-record crowd of over 550. The latest ...
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May 05
In Memorium Dallas Ebel
We were shocked and saddened to learn of the sudden passing of Dallas Ebel recently. Ebel most worked for Ramirez Asset Management, and had previously been at BlackRock and Bank of America. Our deepest condolences to his family and friends. (See the Obituary here.)
Apr 24
Birdthistle Out at SEC; Vij Greiner In
A press release tells us, "The Securities and Exchange Commission ... announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency.... Natasha Vij Greiner, currently the Deputy Director of the Division of Examinations, will be named Director of the Division of Investment Management."
Mar 04
GLMX Promotes Giglio and Wiblin
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."
Crane Data News & Features
contact us »Money Fund Symposium Pittsburgh, 6/12-14
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!