Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of July 28, 2016 )
Institutional Money Funds 7-Day Yield%
BlackRock Cash Inst MMF Inst (BGIXX) 0.54
Deutsche Daily Assets Fund Cap (DAFXX) 0.51
HSBC Inv Prime Money Market I (HSIXX) 0.48
Oppenheimer Institutional MM E (IOEXX) 0.47
Western Asset Inst Liquid Res Inst (CILXX) 0.46
Retail Money Funds 7-Day Yield%
Fidelity Instit MM: MM Port Inst (FNSXX) 0.51
Vanguard Prime MMF Adm (VMRXX) 0.51
Vanguard Prime MMF (VMMXX) 0.45
Fidelity Money Market Fund Premium (FZDXX) 0.44
Schwab Value Adv MF Ultra (SNAXX) 0.42
Tax Exempt Money Funds 7-Day Yield%
Vanguard Tax Exempt MMF (VMSXX) 0.34
Federated Municipal Obligs WS (MOFXX) 0.32
Vanguard OH Tax-Exempt MMF (VOHXX) 0.30
BMO Tax-Free MMF Premier (MFIXX) 0.30
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.28

Money Market News

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While money fund assets overall were flat in the latest week, Prime MMF assets continued their summer plunge and massive shift into Government MMFs, falling below $1.0 trillion for the first time in 20 years. ICI's weekly "Money Market Fund Assets" report shows all MMFs increasing a mere $130 million in the latest week. But Prime funds lost another $18.2 billion -- their 8th week in a row of declines (-$150.4B). (Govt funds continue to be the recipient of these assets.) Over the past 4 weeks, overall assets have declined by about $3 billion. Prime MMFs have fallen $58.4 billion the past 4 weeks and $174.0 billion the past 9 weeks, while Govt MMFs gained $65.1 billion over 4 weeks and $182.9 over 9 weeks. We look at these latest flows, and excerpt from ICI's latest "Trends in Mutual Fund Investing" and "Month-End Portfolio Holdings of Taxable Money Funds" reports below.

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Inside Money Fund Intelligence

MFI PDF July 2016 Issue

Largest Money Fund Managers

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The July 2016 issue of Money Fund Intelligence features: "Prime Outflows Turn Ugly: Totaling the Damage to Date," which charts the massive outflows from Prime funds YTD, and looks ahead to more; "BlackRock's Novick Keynotes Money Fund Symposium," which covers Barbara Novick's address at our recent Money Fund Symposium; and, "Home-Stretch for Reforms; Gates & Outstanding Issues," which reviews a panel from Symposium on reform FAQs and operational obstacles.

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, 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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Jul 20
Walsh Fidelity PM

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

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Jul 01
Everett No Longer at Northern

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

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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-​Head of Global Cash Management, will be retiring at the end of the year. We wish Rich well!

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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.