Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 27, 2016 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 0.68
BlackRock Cash Inst MMF Inst (BGIXX) 0.67
BlackRock Lq TempFund In (TMPXX) 0.59
Northern Instit Prime Oblig Sh (NPAXX) 0.56
Fidelity Inv MM: Prime MMP Inst (FIPXX) 0.56
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 0.73
Vanguard Prime MMF Adm (VMRXX) 0.66
Fidelity Money Market Fund Prem (FZDXX) 0.63
JPMorgan Liquid Assets Instit (IJLXX) 0.60
Schwab Value Adv MF Ultra (SNAXX) 0.60
Tax Exempt Money Funds 7-Day Yield%
BMO Tax-Free MMF Premier (MFIXX) 0.79
Invesco Premier Tax-Exempt Invest (ITTXX) 0.67
Federated Inst Tax-Fr Cash Tr Prem (FTFXX) 0.65
Federated Municipal Obligs WS (MOFXX) 0.63
Vanguard Tax Exempt MMF (VMSXX) 0.63

Money Market News

Click here for MORE NEWS »

Prime money market fund assets, which have declined by a massive $1.066 trillion (-73.1%) over the past 52 weeks, barely moved in the latest week, falling a mere $2.6 billion. Overall money fund assets rebounded in the 7 days ended Wednesday, rising by $16.1 billion, their first gain in 4 weeks. (As we mentioned in yesterday's News, Prime assets have had 2 days of positive inflows over the past week and appear to be poised to begin a gradual rebound.) It appears that the "Big Shift" of assets from Prime and Tax-Exempt MMFs, which lost $1.183 trillion since 10/31/15, and into Govt MMFs, which have gained $1.118 trillion, is coming to a close. We review ICI's latest "Money Market Fund Assets," and also analyze their most recent monthly "Trends in Mutual Fund Investing" and "Month-End Portfolio Holdings of Taxable Money Funds," below. The latter confirms earlier reports of a surge in Repo holdings and plunge in CDs. (See our Oct. 13 News, "Oct. Portfolio Holdings: CDs, CP in Single Digits; Repo Hits Record.")

Click here for MORE NEWS »

Inside Money Fund Intelligence

MFI PDF October 2016 Issue

Largest Money Fund Managers

MFI pdf icon

The October 2016 issue of Money Fund Intelligence features: "MMFs Give Up Prime Ghost; $1.1 Trillion Now '​Gone Govie'," which reviews the massive shift away from Prime and into Govt MMFs; "Federated Reveals Prime Private Liquidity Fund," which profiles Bud Person on Federated's new "3c-7" fund; and, "Regulations, Brexit Focus of European MF Symposium," which excerpts highlights from our recent European Money Fund Symposium.

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.

MFI xls icon

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 Sept. 30, 2016. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

origami crane

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.


more »

Aug 11
Caruso Now at Natixis

Jason Caruso, formerly with Credit Suisse, is now an Executive Director with Natixis.

Envelope icon

Jul 20
Walsh Fidelity PM

Maura Walsh is now Portfolio Manager of the new Fidelity Inv MM Prime Reserves.

Envelope icon

Jul 01
Everett No Longer at Northern

Money fund industry veteran Steve Everett is no longer with Northern Trust Asset Management.

Envelope icon

Crane Data News & Features

contact us »

Bond Fund Symposium

Mark your calendars for Crane Data's inaugural Bond Fund Symposium, which is scheduled for March 23-24, 2017, at the Boston Hyatt Regency. We plan on bringing bond fund managers, professionals, investors, dealers, issuers and servicers together for 2 days of intensive discussions of all things bond fund, with a focus on the ultra-short segment. (Contact Pete if you're interested in speaking or sponsoring.) Crane Data began publishing its Bond Fund Intelligence and tracking the bond mutual fund marketplace in 2015, and we continue to expand our readership, coverage and product lineup. Let us know if you'd like to see the latest issue or to learn more. Visit our Content Center to access the latest BFI and BFI XLS issues and archives.

Money Fund University

The agenda is now available and registrations are being taken for our "basic training" event, Crane's Money Fund University, which will be held Jan. 19-20, 2017, in Jersey City, NJ. For details and to register visit www.moneyfunduniversity.com. Also, mark your calendars for our next "big show," Money Fund Symposium, will be held in Atlanta, June 21-23, 2017 (visit moneyfundsymposium.com for more info in coming months). Finally, thanks to those who attended our European Money Fund Symposium recently in London! Our next "offshore" money fund event is tentatively scheduled for Sept. 21-22, 2017 in Paris.