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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 25, 2013 )
Institutional Money Funds 7-Day Yield%
Meeder Money Mkt Fund Inst (FFIXX) 0.15
BlackRock Cash Inst MMF Inst (BGIXX) 0.14
Oppenheimer Inst MM E (IOEXX) 0.13
Fidelity Instit MM: MM Port Inst (FNSXX) 0.13
BlackRock Cash Prime MMF Inst (BPIXX) 0.12
Retail Money Funds 7-Day Yield%
Meeder Money Mkt Retail (FFMXX) 0.08
Schwab Cash Reserves Fund (SWSXX) 0.06
PNC Money Market A (PEAXX) 0.05
DWS CAF Preferred MMP (CAQXX) 0.05
Northern Instit Prime Oblig Svc (NPCXX) 0.05
Tax Exempt Money Funds 7-Day Yield%
BMO Tax-Free MMF I (MFIXX) 0.14
BlackRock Liq MuniCash Inst (MCSXX) 0.09
Alpine Municipal MMF Y (AMUXX) 0.08
JP Morgan Municipal MM Inst (IJMXX) 0.06
Federated Municipal Obligs IS (MOFXX) 0.06

Money Market News

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Money fund assets had declined by 5.0% year-to-date through April 30 (down $124.0 billion), but it appears that they will show large gains in May. Assets rose strongly for the second time in three weeks according to the latest data from the ICI. Its latest "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets increased by $19.53 billion to $2.601 trillion for the week ended Wednesday, May 22, the Investment Company Institute reported today. Taxable government funds increased by $9.25 billion, taxable non-government funds increased by $10.18 billion, and tax-exempt funds increased by $100 million." Money fund assets moved above the $2.6 trillion level for the first time since prior to the April 15 tax deadline, and assets have risen by $38.1 billion month-to-date.

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Inside Money Fund Intelligence

MFI PDF May 2013 Issue

Largest Money Fund Managers

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The May 2013 issue of Money Fund Intelligence features: "Crane Data Celebrates 7th Year; Wait for Regs Goes On," which talks about our latest birthday and possibly pending regulations; "Dreyfus Still Roaring at 40 Years; Cardona & Larkin," which interviews two money fund industry veterans; and, "ICI's 2013 Fact Book Analyzes MMF Trends," which excerpts from the Institute's latest research.

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 remain $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.

MFI xls icon

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, 2013. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, 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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May 25
Obama Nominates SEC Commissioners

We learned from Reuters that President Obama will nominate Senate aid Kara Stein to replace Elisse Walter aid Michael Piwowar to replace Troy Paredes.

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Apr 23
Paul Rice at MyTreasury

Money fund industry veteran Paul Rice is the new Managing Director, Americas, at MyTreasury, a unit of ICAP Group.

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Apr 09
Mary Jo White Confirmed

Mary Jo White was confirmed by the U.S. Senate as Chairman of the U.S. Securities & Exchange Commission.

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Crane Data News & Features

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Crane's Money Fund Symposium

We hope to see you at our 5th annual Crane's Money Fund Symposium ($750), which will take place June 19-21, 2013, at The Baltimore Hyatt Regency. Contact us for more details about the event and the latest agenda, or visit the website to register. (Make your hotel reservations asap via the symposium website!) Crane Data is also launching European Money Fund Symposium, which will take place at the Conrad Dublin on Sept. 24-25, 2013. Visit www.euromfs.com for the agenda and more details. Finally, mark your calendar for next year's Money Fund University, which will be held January 23-24, 2014, at the Providence Renaissance, and our 2014 Money Fund Symposium, which will be held at the Renaissance Boston (June 23-25).

Money Fund Portfolio Laboratory

Crane Data's premium website and product suite, Money Fund Wisdom, has added a new feature, the Money Fund Portfolio Laboratory. Using our monthly (and soon weekly) Money Fund Portfolio Holdings collection, subscribers may analyze and x-ray aggregate money market mutual fund holdings by country, issuer, maturity, and fund. E-mail info@cranedata.com to request trial access. Look for our Wisdom upgrade soon too!