Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 29, 2016 )
Institutional Money Funds 7-Day Yield%
BlackRock Cash Inst MMF Inst (BGIXX) 0.54
Deutsche Daily Assets Fund Cap (DAFXX) 0.51
Morgan Stanley Inst Liq MMP Inst (MPUXX) 0.50
Oppenheimer Institutional MM E (IOEXX) 0.49
HSBC Inv Prime Money Market I (HSIXX) 0.49
Retail Money Funds 7-Day Yield%
Vanguard Prime MMF Adm (VMRXX) 0.51
Fidelity Money Market Fund Prem (FZDXX) 0.45
Vanguard Prime MMF (VMMXX) 0.45
Fidelity Instit MM: MM Port Inst (FNSXX) 0.44
Schwab Value Adv MF Ultra (SNAXX) 0.39
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.35
Vanguard Tax Exempt MMF (VMSXX) 0.33
BMO Tax-Free MMF Premier (MFIXX) 0.32
Vanguard OH Tax-Exempt MMF (VOHXX) 0.32
Fidelity Instit MM: Tax Exempt I (FTCXX) 0.30

Money Market News

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Two of the most popular sessions at our 2016 Money Fund Symposium in Philadelphia last week were "Major Money Fund Issues 2016" and "Senior Portfolio Manager Perspectives," which featured some of the leading authorities from some of the largest players in the money fund industry. During the first session, panelists were asked about the questions they're getting most frequently of late. Fitch Ratings' Ian Rasmussen replied, "The questions usually fall within 3 main categories: They want to know about liquidity, they want to know about asset flows, and they want to know about yield." Indeed, these three topics dominated not just the conversations in these sessions, but the entire conference. (Note: Next year's Money Fund Symposium is scheduled for June 21-23 in Atlanta. Mark your calendars and watch for details late this fall. Also, see our "Money Fund Symposium 2016 Download Center" page for recordings and Powerpoints from the show.)

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Inside Money Fund Intelligence

MFI PDF June 2016 Issue

Largest Money Fund Managers

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The June 2016 issue of Money Fund Intelligence features: "MMF Reform Countdown: 4 Months to Go; Sorting, Bracing," which looks at changes, trends, and question marks leading up to the October reform deadline; "T. Rowe Price's Lynagh on Lineup; Do No Harm," which profiles Joe Lynagh, Portfolio Manager and Head of Cash Management at T. Rowe Price; and, "MMF Managers Set Variety of Strike Time Models," which reviews firms that have announced strike times for their floating NAV funds.

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 May 31, 2016. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, 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.


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Jun 29
BlackRock'​s Hoerner Retiring

As we mentioned in our June 8 News, "3 Money Fund Giants Retiring," Rich Hoerner, BlackRock's Co-‚ÄčHead of Global Cash Management, will be retiring at the end of the year. We wish Rich well!

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Jun 03
Fields Retires from American Beacon

Chief Fixed Income Officer Mike Fields retired from American Beacon Advisors. He was a founding member and PM of American Beacon's Money Market Funds. We wish Mike well in retirement!

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May 25
Federated'​s Territ Retiring

Federated Investors appointed Paul Uhlman Head of Sales and President of Federated Securities Corp. to replace the retiring Tom Territ. Federated President & CEO J. Christopher Donahue commented on Territ, "Tom was an important part of Federated's growth over many years.... I'd like to thank him for his dedication and many contributions over the past 33 years."

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Crane Data News & Features

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European Money Fund Symposium

The agenda is now available and registrations are being taken for European Money Fund Symposium, which will be held Sept. 20-21, 2016, in London. Our next "basic training" event, Money Fund University, will be held Jan. 19-20, 2017, in Jersey City, NJ. Visit www.moneyfunduniversity.com soon for more details or to request the latest brochure. Finally, thanks to those who attended our Crane's Money Fund Symposium recently in Philadelphia! Mark your calendars for our next big show will be in Atlanta, June 21-23, 2017 (visit moneyfundsymposium.com for details in coming months).

Bond Fund Intelligence

Crane Data's Bond Fund Intelligence tracks the bond mutual fund marketplace with an emphasis on the ultra-short bond fund segment. BFI's complement, Bond Fund Intelligence XLS, is a monthly spreadsheet with performance and statistics on bond funds and bond ETFs. Let us know if you'd like to see the latest issue or to learn more about these new products, and watch for our Bond Fund Intelligence website (www.bondfundintelligence.com) to go live late in 2016. Finally, visit our Content Center to access the latest BFI and BFI XLS issues and archives.