Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 21, 2020 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Inst (ESGXX) 0.19
State Street ESG Liq Reserve Prem (ELRXX) 0.14
BlackRock LEAF Direct (LEDXX) 0.14
Dreyfus Cash Management Inst (DICXX) 0.13
Federated Hermes Inst MM Mgmt IS (MMPXX) 0.13
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Capit (CJLXX) 0.13
Invesco Premier Investor (IMRXX) 0.13
Wells Fargo MMF Prime (WMPXX) 0.12
Federated Hermes Prime Cash Ob WS (PCOXX) 0.06
Fidelity Inv MM: MM Port Inst (FNSXX) 0.06
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 0.14
BMO Tax-Free MMF Premier (MFIXX) 0.06
Vanguard Municipal MMF (VMSXX) 0.05
Schwab Municipal MF Ultra (SWOXX) 0.04
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.03

Money Market News

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U.K. publisher Euromoney hosted a webinar earlier this week entitled, "Money Markets into 2021: The Fed vs money markets," which was sponsored by Calastone. The session featured J.P. Morgan Asset Management's Paul Przybylski, Fitch Ratings' Alastair Sewell, T. Rowe Price's Doug Spratley and Calastone's Ed Lopez, and reviewed the impact of the coronavirus crisis on European and U.S. money market funds. Lopez says, "I think from my perspective, what we saw this year was the acceleration of automation plans. Everyone was looking to automate and build efficiencies around the investment process, but particularly with the volatility in this space and the movements that happened dating back to March. The plans to automate have really accelerated in the space … whether it's the use of portals or tighter integration, it's really just trying to eliminate the manual process."

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Inside Money Fund Intelligence

MFI PDF October 2020 Issue

Largest Money Fund Managers

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The October 2020 issue of Money Fund Intelligence features: "MMFs Turn 50 But Zero Yields, Reform Talks Dim Celebration," which discusses the birth and present challenges of money market funds; "Bond Funds: Junker, Roever, Walczak on Ultra-Shorts," which quotes from our recent Bond Fund Webinar; and, "Tax Exempt Money Fund Liquidations Hit State Funds," which discusses the consolidation gripping Municipal 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 September 30, 2020. (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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Oct 05
Henderson Moves to Safened

Graeme Henderson is the new Head of Sales at Safened US. He was formerly with Cachematrix.

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Sep 24
ICD Hires Tonya Bukacek as CIO

Online money fund trading portal ICD hired Tonya Bukacek as Chief Information Officer.

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Sep 14
Rolston Leaving TIAA-​CREF MMF

An SEC filing says, "As of October 1, 2020, `Joseph Rolston will no longer be a portfolio manager of the TIAA-CREF Money Market Fund. Chad Kemper and Andrew Hurst will each continue to serve as portfolio managers."

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Crane Data News & Features

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Webinar & Conference Schedule

Please join us for one of our upcoming webinars! Crane's Money Fund Symposium Online will take place on Oct. 27 from 1-4pmET, and will feature an afternoon of money fund discussions. European Money Fund Symposium Online will be Nov. 19 from 10am-12pmET and will include discussions on the "offshore" money fund marketplace. While we're still unsure if we'll be able to resume in-person conferences in 2021, we're preparing nonetheless. Mark your calendars for our next Money Fund University, scheduled for Jan. 21-22, 2021 in Pittsburgh, Pa., and our next Bond Fund Symposium, scheduled for March 25-26, 2021, in Newport Beach, Calif. Our "big show," Money Fund Symposium, was cancelled this year, but we're planning for June 23-25, 2021 in Philadelphia for next year. We've also moved our European Money Fund Symposium back to next October 21-22, 2021 in Paris, France. Crane Data Subscribers or Attendees may access past conference and webinar materials at the bottom of our "Content" page or see links to our latest events from the "Conferences" menu option. 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!