The 10 Top Money Market Funds: Q1, 2023

Money market funds topped $5.1 trillion in assets in March, setting a new record, according to Bloomberg.

Franklin Templeton CEO Jenny Johnson suggested recently that last month’s high-profile bank failures had awoken investors to the higher interest rates available in money market mutual funds. And Balchunas tweeted last week that money market mutual funds attracted $200 billion in the last two weeks on March.

Balchunas says these are the top 10 money market mutual funds based on their inflows through the end of March, according to Bloomberg data:

Goldman Sachs Financial Square Government Fund (FGTXX) — $34.32 billion
JPMorgan U.S. Government Money Market Fund (OGVXX) — $30.29 billion
Schwab Value Advantage Money Fund (SWVXX) — $26.47 billion
Schwab Treasury Obligations Money Fund (SNOXX) — $21.30 billion
JPMorgan Liquid Assets Money Market Fund (HLPXX) — $11.73 billion
Federated Hermes Prime Cash Obligations Fund (PCOXX) — $9.99 billon
Morgan Stanley Institutional Liquidity Government Portfolio (MVRXX) — $9.8 billion
Federated Hermes U.S. Treasury Cash Reserves (UTIXX) — $8.3 billion
JPMorgan U.S. Treasury Plus Money Market Fund (HGOXX) — $8.04 billion
Invesco Government & Agency Portfolio (AGPXX) — $7.54 billion

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