| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.71 |
| JPMorgan Prime MM Capital (CJPXX) | 3.71 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.69 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Allspring MMF Prm (WMPXX) | 3.71 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.71 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.70 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.06 |
| Allspring Nat T-F Prem (WFNXX) | 1.90 |
| Federated Hermes Muni Oblig WS (MOFXX) | 1.84 |
| JPMorgan Tax Free MM Instit (JTFXX) | 1.78 |
| Schwab Municipal MF Ultra (SWOXX) | 1.78 |
The Brookings Institution published a white paper titled, "Stablecoins After GENIUS: Private Money, Public Debt, and the Global Dollar," which gives an excellent overview of the stablecoin market. The Abstract says, "This paper examines privately issued U.S. dollar-backed stablecoins and the implications of their potential growth following passage of the GENIUS Act in July 2025. It evaluates USD stablecoins as a form of private digital money and how they can improve domestic and cross-border payments, support the global role of the dollar, and improve the U.S. fiscal position. The paper highlights three tradeoffs for policymakers. First, well-regulated stablecoins can address some inefficiencies and gaps in domestic and cross-border payments through advantages in cost, speed, and 24/7 availability.... But policymakers need to recognize that what makes stablecoins attractive for money and payments also can reduce protections for users, make them more attractive for illicit finance, and weaken the existing financial connections that give sanctions and anti-money-laundering enforcement their force." (Note: Register ASAP for our European Money Fund Symposium show, which will be held in one month, Sept. 24-25, 2026 in Paris, France!)
MFI PDF August 2026 Issue |
Largest Money Fund Managers |
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The August 2026 issue of Money Fund Intelligence features: “Tokenized MMF Launches Proliferate: BlackRock, Aviva,” which reviews the latest tokenized money fund launches; “Quarterly Earnings Calls Quiet on Money Fund, Cash News,” which discusses Q2’26 earnings discussions on cash, deposits and sweeps; and, “Federated’s Donahue on MF Market Share, Digital, Rates,” which quotes Federated Hermes’ latest earnings call. 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 July 31, 2026. (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.
The U.S. Treasury's OFR, or Office of Financial Research published "A Closer Look at the U.S. NCCBR Market," which reviews the non-centrally cleared bilateral repurchase agreement market. They write, "The U.S. non-centrally cleared bilateral repurchase agreement (NCCBR) market has $5 trillion in outstanding repos ...
Tory Hazard retired from Tradeweb/ICD. (See his LinkedIn post here.) He was CEO of ICD when it was acquired by Tradeweb, and was currently Head of the ICD Portal business for Tradeweb. We thank Tory for everything and wish him all the best!
Western Asset, part of Franklin Templeton, is seeking a Research Analyst based in New York. Click here for info.
Greg Sirochinsky has joined Wells Fargo as a Managing Director & Head of Fixed Income Financing Sales. He was previously with Deutsche Bank.
Thanks to those who attended and supported our Money Fund Symposium in Jersey City! Mark your calendars for next year's event, which will be June 23-25, 2027, in Philadelphia. Please join us for our European Money Fund Symposium, which is Sept. 24-25 in Paris. We're making plans too for our Money Fund University, which is Dec. 17-18 in Greenwich, Conn., and for our next Bond Fund Symposium, which is March 22-23, 2027 in Philadelphia. 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 Paris or Greenwich in 2026 or in Philadelphia in 2027!