Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 27, 2016 )
Institutional Money Funds 7-Day Yield%
Deutsche Daily Assets Fund Cap (DAFXX) 0.49
Morgan Stanley Inst Liq MMP Inst (MPUXX) 0.47
BlackRock Cash Prime MMF Inst (BPIXX) 0.47
BlackRock Cash Inst MMF Inst (BGIXX) 0.47
HSBC Inv Prime Money Market I (HSIXX) 0.47
Retail Money Funds 7-Day Yield%
Vanguard Prime MMF Adm (VMRXX) 0.48
UBS Prime Preferred Fund (UPPXX) 0.42
Vanguard Prime MMF (VMMXX) 0.42
JPMorgan Liquid Assets Capit (CJLXX) 0.42
Fidelity Money Market Fund Premium (FZDXX) 0.39
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.30
Vanguard Tax Exempt MMF (VMSXX) 0.28
Federated Inst Tax-Fr Cash Tr Prem (FTFXX) 0.28
Wells Fargo Muni MM I (WMTXX) 0.27
BMO Tax-Free MMF Premier (MFIXX) 0.27

Money Market News

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In the April issue of our Bond Fund Intelligence newsletter, we profile OppenheimerFunds' Senior Portfolio Managers Chris Proctor and Adam Wilde. They manage the Oppenheimer Ultra-Short Duration Bond Fund, which is celebrating its 5th anniversary this month. Proctor and Wilde discuss the conservative nature of the portfolio and why they think it is well-positioned in a "slow and stable" rising rate environment. They also believe the funds' 5-year track record of stable returns will serve it well. Says Proctor, "Funds that can deliver reasonable income and low volatility, I think, will be the winners in the space." The following is a reprint of the BFI article.

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Inside Money Fund Intelligence

MFI PDF April 2016 Issue

Largest Money Fund Managers

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The April 2016 issue of Money Fund Intelligence features: “Money Fund Reforms Phase II; Disclosures: MNAV, DLA, WLA,” which reviews the regulatory changes that go into effect April 14; “ICD Portal's Tory Hazard on Prime MMFs, Alternatives,” which profiles Tory Hazard from Institutional Cash Distributors; and, “Brokerage Sweeps Go Govt, FDIC; $1 Trillion Still at 0%,” which briefly examines trends in the brokerage sweep market.

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 March 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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Apr 24
Vanguard Seeks MM Trader

Vanguard is seeking a Senior Taxable Money Market Trader based in Scottsdale, Arizona. Click here for details or e-mail Stephen Bianchi.

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Apr 06
Weiss Leaves S&​P for Kroll

Barry Weiss left S&P and started with Kroll Bond Rating Agency. Standard & Poor's Ratings Services is seeking a Director to analyze funds. Contact Peter Rizzo for details.

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Apr 01
SSGA Seeks Southeast Cash Sales

State Street Global Advisors (SSGA) is seeking a Senior Sales Rep for its Global Cash Sales team to cover the Southeast U.S. Please contact Donald Cooley via email for more information.

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Crane Data News & Features

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Money Fund Symposium Heading to Philly

The agenda is now available and registrations are being taken for Crane Data’s big show, Money Fund Symposium, will be held June 22-24, 2016, in Philadelphia. (Visit www.cranesmfsymposium.com for details.) Also, mark your calendars for our next European Money Fund Symposium, which will be held Sept. 20-21, 2016, in London (www.euromfs.com). Finally, thanks to those who attended our "basic training" event, Money Fund University, in Boston! Our next MFU will be held Jan. 19-20, 2017, in Jersey City, NJ. Contact us (info@cranedata.com) for more details or to request the latest PDF brochures. We hope to see you in Philadelphia or London later this year!

Bond Fund Intelligence Turns One

Crane Data’s Bond Fund Intelligence celebrated its first anniversary recently. BFI 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 later in 2016. Finally, visit our Content Center (http://cranedata.com/subscribers/content/) to access the latest BFI and BFI XLS issues and archives.