Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 11, 2021 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 0.12
DWS ESG Liquidity Inst (ESGXX) 0.08
Goldman Sachs FS MM Inst (FSMXX) 0.07
State Street ESG Liq Reserve Prem (ELRXX) 0.07
UBS Select ESG Prime Pref Fund (SSPXX) 0.07
Retail Money Funds 7-Day Yield%
Goldman Sachs Investor MM Inst (FMJXX) 0.05
JPMorgan Liquid Assets Capit (CJLXX) 0.04
Wells Fargo MMF Prime (WMPXX) 0.04
BMO Prime MMF Premier (MAIXX) 0.03
Schwab Value Adv MF Inv (SWVXX) 0.03
Tax Exempt Money Funds 7-Day Yield%
JPMorgan Municipal MM Inst (IJMXX) 0.02
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.01
Invesco Tax-Free Cash Res Inst (TFPXX) 0.01
BlackRock Lq MuniFund I (MFTXX) 0.01
Federated Hermes Muni Obligs WS (MOFXX) 0.01

Money Market News

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The Federal Reserve released its latest quarterly "Z.1 Financial Accounts of the United States" statistical survey (a.k.a. "Flow of Funds") Thursday. Among the 4 tables it includes on money market mutual funds, the First Quarter 2021 edition shows that Total MMF Assets increased by $164 billion to $4.500 trillion in Q1'21. The Household Sector, by far the largest investor segment with $2.783 trillion, saw assets jump in Q1. The second largest segment, Nonfinancial Corporate Businesses, experienced a drop in assets. The Fed's latest Z.1 numbers, which contain one of the few looks at money fund investor segments available, show asset decreases in MMF holdings for the Nonfiancial Corporate Business and Life Insurance Companies categories in Q1 2021. (Reminder: Register for our upcoming "Asian Money Fund Symposium" webinar, which takes place next Thursday, June 17 from 10am-12pm Eastern.)

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Inside Money Fund Intelligence

MFI PDF June 2021 Issue

Largest Money Fund Managers

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The June 2021 issue of Money Fund Intelligence features: "Asset Growth Continues, But No Yields in Sight; Record RRP," which tracks the continued jumps in assets despite yields sitting at rock bottom; "J.P. Morgan A.M.'s Chris Tufts: Focused on Core Deliverables," which profiles the new JPMAM Head of Liquidity; and, "Boston Fed Proposes Only Govt MMFs; Already 80%," which reviews a proposal to ban Prime MMFs.

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 May 31, 2021. (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
Arjan Hess Joins Capitolis

Arjan Hess has joined Capitolis as Director of Business Development reporting to Shervyn von Hoerl.

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May 10
BNY Mellon Appoints Majiyagbe

Laide Majiyagbe has been appointed Head of Financing and Liquidity "assuming oversight of BNY Mellon's Securities Finance, Liquidity Services and Collateral Segregation (including its Liquidity Direct) businesses," says a press release.

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Apr 06
Ted Neely Retires from Goldman

Ted Neely has retired from Goldman Sachs. Jamie Puccinelli has assumed responsibility for the Chicago sales team (and already ran the NY and SF sales teams).

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Crane Data News & Features

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Money Fund Symposium Sept. 21-23 in Philly

The coast is now clear for our big show, Money Fund Symposium, which is scheduled for Sept. 21-23, 2021 in Philadelphia, Pa.! We expect most restrictions to be gone by the end of this summer, and we look forward to resuming live conferences! We'll continue to watch developments though, and will be happy to offer refunds or credits if anyone isn't comfortable travelling then. Also, note that we're converting our European Money Fund Symposium, which had been scheduled for October 21-22, 2021 in Paris, into a virtual event on Oct. 21, 2021. (We'll be doing next year's event live in Paris in Sept. 2022.) Finally, mark your calendars for our 2022 events -- Money Fund University in Boston (Jan. 20-21) and Bond Fund Symposium in Newport Beach, Calif. (March 28-29). Let us know if you'd like more information about any of our shows, and we hope to see you back out on the road in 2021!