Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 19, 2018 )
Institutional Money Funds 7-Day Yield%
DWS Variable NAV MM Cap (VNVXX) 2.19
Goldman Sachs FS MM Inst (FSMXX) 2.14
Dreyfus Cash Mgmt Institutional (DICXX) 2.12
Northern Inst Prime Oblig Sh (NPAXX) 2.10
Morgan Stanley Inst Liq Prime Inst (MPFXX) 2.10
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 2.12
Vanguard Prime MMF Adm (VMRXX) 2.12
First American Ret Prime Obligs X (FXRXX) 2.09
JPMorgan Liquid Assets Capit (CJLXX) 2.04
Goldman Sachs Investor MM Inst (FMJXX) 2.04
Tax Exempt Money Funds 7-Day Yield%
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.42
Federated Municipal Obligs WS (MOFXX) 1.39
Schwab Municipal MF Ultra (SWOXX) 1.35
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.35
Vanguard NY Municipal MMF (VYFXX) 1.35

Money Market News

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The Securities and Exchange Commission released its latest "Money Market Fund Statistics" summary Friday. It shows that total money fund assets rose by $15.2 billion in July to $3.114 trillion. Prime MMFs showed a big jump, breaking above the $700 billion level for the first time since Sept. 2016 (a month before the SEC's Money Fund Reforms went live). But Govt and Tax Exempt funds declined. Gross yields rose for Prime and Government Funds in the latest month, but plunged for Tax Exempts. The SEC's Division of Investment Management summarizes monthly Form N-MFP data and includes asset totals and averages for yields, liquidity levels, WAMs, WALs, holdings, and other money market fund trends. We review their latest numbers below.

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Inside Money Fund Intelligence

MFI PDF August 2018 Issue

Largest Money Fund Managers

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The August 2018 issue of Money Fund Intelligence features: "Rising MF Yields Turn Up Heat on Sweeps, Bank Deposits," which discusses the growing spread between money funds and other cash options; "PGIM Still Rocking in Cash: Q&A w/D'Angelo, Nicholson," which profiles the money funds formerly named Prudential; and, "European MMF Reforms Go Live; Ready for Symposium," which reviews the latest on European money fund regulations.

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 inquiry@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 July 31, 2018. (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 inquiry@cranedata.com or call us at 1-508-439-4419.


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Aug 20
Citi Portal Seeks Director

Citibank Online Investments is seeking a Global Deposits & Investment Head to lead the team that manages their Online Investment Portal.

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Jul 22
Wells Seeks Wholesaler in East

Wells Fargo Asset Management is seeking an East Coast Wholesaler for its Liquidity Management Solutions team.

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Jul 11
Vanguard'​s Glocke Retiring

A filing for Vanguard Prime Money Market Fund and Vanguard Treasury Money Market Fund says, "Effective June 30, 2018, David R. Glocke will retire from The Vanguard Group, Inc., and will no longer serve as a portfolio manager.... Nafis T. Smith ... will remain as the sole portfolio manager of the Funds."

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Crane Data News & Features

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European Money Fund Symposium

Thanks to those who attended our big show Money Fund Symposium recently in Pittsburgh! Mark your calendars for next year's event, which will be June 24-26, 2019, at the Boston Renaissance Hotel. (Watch for details in coming months.) Also, make reservations soon for our European Money Fund Symposium , which will take place September 20-21, 2018, in London, and for our next Money Fund University, which will be January 17-18, 2019 in Stamford, Conn. Finally, mark your calendars for our next Bond Fund Symposium, which will be held March 25-26, 2019 in Philadelphia. We’d be happy to discuss any of these events further, and we hope to see you in London, Stamford or Philly!