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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of July 22, 2014 )
Institutional Money Funds 7-Day Yield%
BlackRock Cash Inst MMF Inst (BGIXX) 0.11
Meeder Money Mkt Fund Inst (FFIXX) 0.11
Fidelity Inst MM: MM Port Inst (FNSXX) 0.09
American Beacon MM Select (ASRXX) 0.08
BlackRock Cash Prime Inst MMF I (BPIXX) 0.08
Retail Money Funds 7-Day Yield%
Schwab Cash Reserves Fund (SWSXX) 0.06
Meeder Money Mkt Retail (FFMXX) 0.06
HSBC Inv Prime Money Mkt A (REAXX) 0.03
Delaware Cash Reserve A (DCRXX) 0.03
PNC Money Market A (PEAXX) 0.03
Tax Exempt Money Funds 7-Day Yield%
Western Asset Inst AMT Free A (INMXX) 0.04
BMO Tax-Free MMF I (MFIXX) 0.04
FFI Inst Tax Exempt (MLEXX) 0.03
BlackRock Lq MuniFund Dol (MFDXX) 0.02
Western Asset Tax-Free Res A (LWAXX) 0.02

Money Market News

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The U.S. Securities & Exchange Commission (SEC), which is scheduled to discuss and vote on Final Money Market Fund Reforms Wednesday morning, July 23, at 10am Eastern, has posted an Agenda for the meeting. (We'll excerpt from the expected press release as soon as it's available tomorrow morning, and we'll forward this to subscribers. Visitors should also be able to view the Webcast of the Sunshine Meeting here.) We quote from the Meeting Agenda, and include comments from some analysts that have been weighing in with their expectations and the ramifications of money fund reform below. Wednesday's "Open Meeting Agenda" (July 23, 2014) lists, "Item 1: Money Market Fund Reform; Amendments to Form PF, Office: Division of Investment Management, Staff: Norm Champ, Diane Blizzard, Sarah ten Siethoff, Thoreau Bartmann, Sara Cortes, Adam Bolter, Erin Loomis, Andrea Ottomanelli Magovern, Kay Mario Vobis, Amanda Wagner." It says, "The Commission will consider whether to adopt amendments to certain rules under the Investment Company Act of 1940 that govern the operation of money market funds and related amendments to Form PF under the Investment Advisers Act of 1940. For further information, please contact Thoreau Bartmann, Division of Investment Management, at (202) 551-6745."

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Inside Money Fund Intelligence

MFI PDF July 2014 Issue

Largest Money Fund Managers

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The July 2014 issue of Money Fund Intelligence features: “MMF Reform Regulations Delayed; Stalemate Part II?,” which discusses the delay and possible stalemate of money market reform; “Fidelity’s Nancy Prior Says Black Clouds Parting,” which summarizes the keynote speech from Fidelity’s top money fund leader; and, “State of Money Funds: Highlights of Symposium,” which reviews a number of sessions from our recent Money Fund Symposium conference.

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 June 30, 2014. (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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Jul 14
ICI Names Blass Counsel

The Investment Company Institute named David Blass its General Counsel. Blass is currently chief counsel and associate director of the Division of Trading and Markets at the Securities and Exchange Commission.

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Jul 09
Invesco'​s Taylor Retires

Invesco's Dave Taylor, who managed the Dublin and Luxembourg-registered "offshore" money market funds, will retire and will be succeeded by Paul Mueller we learned from an article in FT Advisor.

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Jun 30
TriState Seeks Sales

TriState Capital Bank is looking for a National Sales Manager for Cash Management to gather deposits in the HNW and institutional markets. E-mail joeslater@pcasearch.com for more information.

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Crane Data News & Features

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European Money Fund Symposium

Our second annual European Money Fund Symposium will be held Sept. 22-23, 2014, in London at the London Tower Bridge Hilton. (Visit www.euromfs.com for details and to register.) Also, Crane Data's next "basic training" money market mutual fund course, Money Fund University, will take place Jan. 22-23, 2015, in Stamford, Conn. (Watch for the agenda soon and visit www.moneyfunduniversity.com for details and to register.) Contact us for sponsorship info or speaking opportunities. Finally, thanks to those who supported our Boston Money Fund Symposium! Our next big show will be June 24-26, 2015, in Minneapolis, Minn. Contact us for more details about these events or to request the latest PDF brochure. We hope to see you in London in September or next year in Minneapolis!