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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 24, 2015 )
Institutional Money Funds 7-Day Yield%
BlackRock Cash Inst MMF Inst (BGIXX) 0.15
Morgan Stanley Inst Liq MMP I (MPUXX) 0.15
BlackRock Cash Prime MMF Inst (BPIXX) 0.14
Deutsche Daily Assets Fund Instit (DAFXX) 0.14
Fidelity Instit MM: MM Port Inst (FNSXX) 0.14
Retail Money Funds 7-Day Yield%
Delaware Cash Reserve A (DCRXX) 0.06
Meeder Money Mkt Retail (FFMXX) 0.06
Schwab Cash Reserves Fund (SWSXX) 0.06
Huntington Money Mkt Fund (HFIXX) 0.04
Invesco STIC Prime Personal (AIM22) 0.04
Tax Exempt Money Funds 7-Day Yield%
Western Inst AMT Free Muni Inst (INMXX) 0.03
BlackRock Liq MuniFund I (MFTXX) 0.02
Western Asset Inst Tax Free Res I (CIFXX) 0.02
BMO Tax-Free MMF I (MFIXX) 0.02
FFI Instit Tax Exempt (MLEXX) 0.02

Money Market News

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The May issue of the Association for Financial Professionals' AFP Exchange features the story, "How New MMF Rules May Impact Delta's Cash Portfolio," a Q&A with Barbara Quiroga, director of cash operations for Delta Air Lines. AFP asks, "What potential impact do you see the new regulations having on your cash portfolio at Delta?" Quiroga answers, "Delta has relied heavily on MMFs for its operational daily cash investments. We have already seen some funds closing/selling their funds (Reich & Tang) or changing their strategy (Fidelity) that had an impact on our operational cash investments. Delta will have to assess if prime MMFs will still be the optimal investment vehicle for operational cash after all regulatory changes are implemented and we have a better understanding of how the daily investments or redemptions will work." We also preview this week's New York Cash Exchange conference, which features a number of sessions on cash investments, including our Peter Crane's "Money Fund Rates & Regulations Roundtable," which takes place Wednesday at 9:00am at the New York Hilton.

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Inside Money Fund Intelligence

MFI PDF May 2015 Issue

Largest Money Fund Managers

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The May 2015 issue of Money Fund Intelligence features: “Crane Data Celebrates 9 Yrs., Enters Bond Fund Info Market,” which marks our 9th anniversary with a look back at the past year, including the launch of our new endeavor, Bond Fund Intelligence; “Schwab & Latest Fund Co. Changes; SEC Answers FAQs,” which recaps all of the fund company announcements since the beginning of the year and the SEC’s response to reform FAQs; and, “ICI Fact Book Shows Flat Is New Up for Money Funds,” which reports on the fund flows and other trends.

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 April 30, 2015. (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.

People

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May 15
Schiltz Moving to Schwab

Tim Schiltz is leaving Ameriprise for Charles Schwab Investment Management. Schiltz will relocate from Minneapolis to Denver and will be a Director in Schwab's money market product group reporting to Andrew Tong.

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May 07
Waddell Seeks Analyst

Waddell & Reed, manager of the W&R and Ivy Funds, is seeking a Money Market Investment Analyst to be based in Overland Park, Kansas. The position will report to Mira Stevovich.

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Apr 30
S&​P'​s Friedman Retiring

Joel Friedman is taking early retirement and leaving Standard & Poor's Fund Ratings. Peter Rizzo has returned to S&P's Fund Ratings group.

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Crane Data News & Features

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Bond Fund Intelligence

Crane Data’s newest product, 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 the largest bond funds and ultra-short bond ETFs. Let us know if you'd like to learn more about these new products, and watch for our Bond Fund Intelligence website (bondfundintelligence.com) to go live later in 2015.

Crane's Money Fund Symposium

The conference website (moneyfundsymposium.com) is now live and we’re taking registrations ($750) for our big show, Crane's Money Fund Symposium, which is June 24-26, 2015, in Minneapolis. Mark your calendars too for our next European Money Fund Symposium ($1,000), which is in Dublin, Sept. 17-18, 2015 (visit www.euromfs.com for details and to register), and for our 2016 Money Fund University in Boston (Jan. 21-22). Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Minneapolis or Dublin later this year!