Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Dec. 9, 2016 )
Institutional Money Funds 7-Day Yield%
JPMorgan Prime MM Capital (CJPXX) 0.71
Fidelity Inv MM: Prime MMP Inst (FIPXX) 0.69
BlackRock Lq TempFund In (TMPXX) 0.65
Northern Instit Prime Oblig Sh (NPAXX) 0.63
Federated Inst Prime Value Obl IS (PVOXX) 0.60
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 0.81
Vanguard Prime MMF Adm (VMRXX) 0.69
JPMorgan Liquid Assets Capit (CJLXX) 0.67
Fidelity Money Market Fund Premium (FZDXX) 0.66
Schwab Value Adv MF Ultra (SNAXX) 0.63
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.50
BMO Tax-Free MMF Premier (MFIXX) 0.48
Vanguard Tax Exempt MMF (VMSXX) 0.48
Western Asset Select Tax Free Res Sel (CIFXX) 0.47
Federated Inst Tax-Fr Cash Tr Prem (FTFXX) 0.45

Money Market News

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ICI's latest "Money Market Fund Assets" report shows overall money fund assets rising for the 7th week in a row, increasing by $101 billion since 10/19 and hitting their highest level since the first week in August. Total assets appear intent on erasing their modest year-to-date deficit; they're now down just $23 billion, or 0.8%. MMF assets have seen year-end growth spurts in each of the past 5 years, so it appears likely we'll end the year with assets up slightly for the 5th year in a row. Prime money market fund assets inched higher again in the latest week, their 4th increase in the past five weeks. Prime MMFs began November with their first increase since July 13 and have risen $3.8 billion since 11/2. Tax Exempt MMFs also rose again for the 7th week out of the past eight. We review the latest statistics, and also cover testimony from Treasury Strategies' Tony Carfang to a House Subcommittee below. (Note: Crane Data also posted the latest versions of our "Funds" and "Portfolio Holdings" data files from the SEC's Form N-MFP <b:>`_ data series here. Our regular December Money Fund Portfolio Holdings will also be released later today.)

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Inside Money Fund Intelligence

MFI PDF December 2016 Issue

Largest Money Fund Managers

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The December 2016 issue of Money Fund Intelligence features: "Prime, Tax-Ex Assets Bottom; Rising Rates Returning Cash?," which reviews the latest yields, flow data and fund changes; "SSGA's Butler & McCusker on Cash Investing Post Reform," which profiles Yeng Felipe Butler and Pia McCusker on State Street's latest thinking; and, "European Money Fund Regs Passed, But Details Murky," which looks at the EU's new money fund reforms.

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 Nov. 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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Nov 28
Fidelity'​s Johnson Retiring

Edward 'Ned' Johnson, Chairman of Fidelity Investments, the largest manager of money market funds, announced his retirement, according to The Boston Globe." Johnson pioneered the use of check-writing for money funds.

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Nov 15
White to Leave SEC

Mary Jo White announced plans to step down as Chair of the Securities & Exchange Commission.

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Oct 30
Schenck Moves to Northern

Peter Schenck is a new Senior Vice President & Senior Liquidity Specialist at Northern Trust Asset Management. He was previously with BlackRock.

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Crane Data News & Features

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Bond Fund Symposium

Mark your calendars for Crane Data's inaugural Bond Fund Symposium, which is scheduled for March 23-24, 2017, at the Boston Hyatt Regency. We plan on bringing bond fund managers, professionals, investors, dealers, issuers and servicers together for 2 days of intensive discussions of all things bond fund, with a focus on the ultra-short segment. (Contact Pete if you're interested in speaking or sponsoring.) Crane Data began publishing its Bond Fund Intelligence and tracking the bond mutual fund marketplace in 2015, and we continue to expand our readership, coverage and product lineup. Let us know if you'd like to see the latest issue or to learn more. Visit our Content Center to access the latest BFI and BFI XLS issues and archives.

Money Fund University

The agenda is now available and registrations are being taken for our "basic training" event, Crane's Money Fund University, which will be held Jan. 19-20, 2017, in Jersey City, NJ. For details and to register visit www.moneyfunduniversity.com. Also, mark your calendars for our next "big show," Money Fund Symposium, will be held in Atlanta, June 21-23, 2017 (visit moneyfundsymposium.com for more info in coming months). Finally, thanks to those who attended our European Money Fund Symposium recently in London! Our next "offshore" money fund event is tentatively scheduled for Sept. 21-22, 2017 in Paris.