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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 12, 2015 )
Institutional Money Funds 7-Day Yield%
Deutsche Daily Assets Fund Instit (DAFXX) 0.18
Oppenheimer Institutional MM E (IOEXX) 0.18
Federated Money Market Mgmt IS (MMPXX) 0.18
BlackRock Cash Prime MMF Inst (BPIXX) 0.17
Fidelity Instit MM: MM Port Inst (FNSXX) 0.17
Retail Money Funds 7-Day Yield%
Invesco STIC Prime Personal (AIM22) 0.08
Federated Money Market Mgmt CAP (MMLXX) 0.08
BlackRock Money Market Port Svc (PNPXX) 0.07
Meeder Money Market Fund Retail (FFMXX) 0.07
Vanguard Prime MMF (VMMXX) 0.07
Tax Exempt Money Funds 7-Day Yield%
FFI Instit Tax Exempt (MLEXX) 0.02
BlackRock Liq MuniCash Dol (MCDXX) 0.02
BlackRock Liq MuniFund I (MFTXX) 0.02
Western Asset Tax Free Res A (LWAXX) 0.02
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02

Money Market News

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Charles Schwab Investment Management sent out a letter to clients and shareholders Friday morning announcing changes to its money market fund lineup. The big change is that Schwab, which has mostly retail assets to begin with, will convert its Institutional shares to retail so that it's offering are entirely retail; it will also convert one of its small Prime funds, Money Market Portfolio, to Government. Schwab is the 7th largest money fund manager in the US with $160.1 billion in assets. The three funds that are changing -- Schwab Value Advantage Money Fund, Institutional Shares; Schwab Value Advantage Money Fund, Institutional Prime Shares; and Schwab Municipal Money Fund, Institutional Shares -- represent about $3.2 billion. (See also the press release, "Charles Schwab Investment Management Changes Money Market Fund Line-up," and see our previous News, "Schwab Shifting MMF Sweeps to Bank.")

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Inside Money Fund Intelligence

MFI PDF October 2015 Issue

Largest Money Fund Managers

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The October 2015 issue of Money Fund Intelligence features: “Year to Go for Fund Changes; A Look at Floating NAV MMFs,” which summarizes which large funds will have floating NAVs in October 2016; “Morgan Stanley Talks Growth, New Products,” where we profile the money fund team at MS Investment Management; and, “SEC Finalizes Ratings Removal from Rules,” which recaps the recent SEC ruling on the removal of credit ratings from money funds.

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 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 Sept. 30, 2015. (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 or call us at 1-508-439-4419.


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Sep 22
Fund Connect Hiring Sales

State Street's Fund Connect online money fund trading portal is hiring an Internal Sales Representative. E-mail Eric Wolf for details.

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Aug 28
Mitchell New at Invesco

Invesco has hired Brian Mitchell as new Director Product Management for its Global Liquidity funds.

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Aug 10
Hindle Barone Leaving IMMFA

Susan Hindle Barone will be leaving as Secretary General of the London-based Institutional Money Market Funds Association. IMMFA is a trade association representing money funds in Europe.

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Crane Data News & Features

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Crane’s Money Fund University

Crane Data’s next "basic training" event, Money Fund University, will be held Jan. 21-22, 2016, in Boston, Mass. Visit to register and for details. Also, mark your calendars for next year's big show, Crane's Money Fund Symposium, which will be held June 22-24, 2016, in Philadelphia, and for next year’s European Money Fund Symposium, which will be held in London, Sept. 21-22, 2016. Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Boston, Philadelphia or London in 2016!

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 ( to go live late in 2015.