Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 18, 2019 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Fund Cap (ESIXX) 2.56
Morgan Stanley Inst Liq MMP Inst (MPUXX) 2.50
Goldman Sachs FS Prm Ob Inst (FPOXX) 2.49
State Street Inst Liquid Res Prem (SSIXX) 2.49
Dreyfus Cash Mgmt Institutional (DICXX) 2.49
Retail Money Funds 7-Day Yield%
Vanguard Prime MMF Adm (VMRXX) 2.48
Fidelity Inv MM: MM Port Inst (FNSXX) 2.48
First American Ret Prime Obligs X (FXRXX) 2.47
Goldman Sachs Investor MM Inst (FMJXX) 2.46
JPMorgan Liquid Assets Capit (CJLXX) 2.46
Tax Exempt Money Funds 7-Day Yield%
Vanguard Municipal MMF (VMSXX) 1.49
Federated Municipal Obligs WS (MOFXX) 1.45
Invesco Premier Tax-Exempt Instit (PEIXX) 1.43
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.41
Schwab Municipal MF Ultra (SWOXX) 1.41

Money Market News

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Fitch Ratings published an updated version of its "Money Market Fund Rating Criteria," revised to reflect recent changes in their short-term securities ratings metrics. They explain, "This report presents Fitch Ratings' criteria for assigning Money Market Fund (MMF) ratings to regulated money market funds and other liquidity/cash management products. These ratings are denoted with an 'mmf' subscript to provide clear differentiation from credit ratings assigned to debt instruments. The criteria apply to new and existing ratings, and focus on the key rating considerations in assessing an MMF's capacity to meet its investment objective of preserving principal and providing liquidity."

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Inside Money Fund Intelligence

MFI PDF May 2019 Issue

Largest Money Fund Managers

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The May 2019 issue of Money Fund Intelligence features: "Prime Comeback Strengthens; Crane Data Hits Lucky 13 Yrs.," which reviews the explosive recent growth in the Prime and particularly Prime Retail sector; "ICI's 2019 Fact Book Goes Global w/MMF Commentary," which excerpts from the Investment Company Institute's annual compilation; and, "More Green MMFs: SSGA Files for ESG Money Fund," which reviews the filing for the industry's third environmentally-correct money fund.

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 April 30, 2019. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, 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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May 13
Prager Leaving BlackRock

The WSJ wrote last month, in "BlackRock Launches Sweeping Overhaul in Bid to Boost Growth," "The other person leaving the firm's executive committee is Richie Prager. Mr. Prager, who joined the company 10 years ago and leads the firm's trading, liquidity and securities lending teams, will be retiring in July."

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Apr 12
Weiss Now at Yorktown Funds

Barry Weiss is no longer with Kroll Bond Rating Agency. He is now a Portfolio Manager at Yorktown Funds, responsible for the Yorktown Short Term Bond Fund.

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Apr 05
StoneCastle Hires Edstrom

StoneCastle Cash Management hired Eric Edstrom (see press release here). Estrom was previously with Charles Schwab.

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Crane Data News & Features

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Crane's Money Fund Symposium

We hope you'll join us for our big show, Money Fund Symposium, which will take place June 24-26, 2019, in Boston. Money Fund Symposium is the largest gathering of money fund professionals and cash investors in the world with 575 attending our event last year in Pittsburgh. Also, mark your calendars for our next European Money Fund Symposium, which will be held Sept. 23-24, 2019, in Dublin, and our next Money Fund University, which will be held Jan. 23-24, 2020, in Providence, R.I. Finally, thanks to those who attended our recent Bond Fund Symposium in Philadelphia. Conference recordings, Powerpoints and materials are available to attendees and Crane subscribers at the bottom of our "Content Center" or via our Bond Fund Symposium 2019 Download Center page. Next year's BFS ultra-short bond fund event will be in Boston, March 23-24, 2020. We hope to see you in Boston or Dublin in 2019 or in Providence or Boston in 2020!

Bond Fund Wisdom

Our new Bond Fund Wisdom product "suite" includes our Bond Fund Intelligence newsletter, our monthly BFI XLS spreadsheet, and our Bond Fund Portfolio Holdings data sets. We'll soon be launching a BFI Daily component as well. Let us know if you'd like to see any of Crane Data's bond fund information products, or if you'd like to see any of our money fund info too. We're happy to send you the latest issues or files!