Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 20, 2018 )
Institutional Money Funds 7-Day Yield%
Goldman Sachs FS MM Inst (FSMXX) 1.99
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.93
Wells Fargo Heritage Sel (WFJXX) 1.91
UBS Select Prime Money Mkt Pref (SPPXX) 1.89
Dreyfus Cash Mgmt Institutional (DICXX) 1.89
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.94
Goldman Sachs Investor MM Inst (FMJXX) 1.88
JPMorgan Liquid Assets Capit (CJLXX) 1.87
Vanguard Prime MMF Adm (VMRXX) 1.85
Dreyfus Prime MMF A (CZEXX) 1.83
Tax Exempt Money Funds 7-Day Yield%
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.65
Federated Municipal Obligs WS (MOFXX) 1.59
UBS Tax-Free Preferred (SFPXX) 1.58
JPMorgan Municipal MM Inst (IJMXX) 1.58
Morgan Stanley Inst Liq T-E Inst (MTXXX) 1.57

Money Market News

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Money market mutual fund assets plunged, likely due to the April 17 (or 18) income tax payment date. The Investment Company Institute's latest "Money Market Fund Assets" report shows that year-to-date, MMF assets have decreased by $44 billion, or -1.6%. Over 52 weeks they've increased by $167 billion, or 6.4%. ICI's numbers show the declines concentrated in Government and Institutional funds, though Prime and retail money funds declined too. We review the latest asset totals, and we also quote from a recent speech from Federal Reserve Governor Lael Brainard. (Note: Thanks to those who attended our session or stopped by our booth at this week's New England AFP Annual Conference in Boston! Let us know if you want a copy of Peter Crane's Powerpoint, "Money Funds: Past, Present and Future.")

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Inside Money Fund Intelligence

MFI PDF April 2018 Issue

Largest Money Fund Managers

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The April 2018 issue of Money Fund Intelligence features: "Fed Hikes Again; MMF Yields Climb to 1.5%, Top MFs Hit 2%," which discusses the steady climb in MMF yields; "A Look at the New J.P. Morgan Inst Tax-Free MMF," which interviews JPMAM's Nick Rabiecki, Greg Dabrowski, and Paul Przybylski; and, "Bond Fund Symposium in LA: Ultra-Short Gets Even Hotter," which highlights from our recent bond fund conference.

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 March 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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Apr 12
Kroll Ratings Seeks Analyst

Kroll Bond Rating Agency, Inc. (KBRA) is "seeking an Associate Director to join its growing Funds Rating team."

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Apr 03
StoneCastle Seeks Cash Sales

StoneCastle Cash Management is looking for an Institutional Sales professional with liquidity/cash management sales experience. See their LinkedIn posting here.

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Mar 06
Waud PTA'​s New CIO

Public Trust Advisors appointed Neil Waud Chief Investment Officer.

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Crane Data News & Features

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Crane's Money Fund Symposium

Register now for our big show, Money Fund Symposium, which will be held June 25-27, 2018, in Pittsburgh, Pa. Money Fund Symposium brings together over 500 money market mutual fund managers, marketers, investors, issuers, dealers, servicers and regulators annually. Also, start making plans for our European Money Fund Symposium, which will take place September 20-21, 2018, in London (see www.euromfs.com for more), and for our next Money Fund University, which will be January 24-25, 2019 in Stamford, Conn. (See www.moneyfunduniversity.com in coming months for more.) Finally, thanks to those who attended our recent Bond Fund Symposium in LA! (Next year, we'll do March 21-22, 2019 in Philly.) We’d be happy to discuss any of these events further, and we hope to see you in Pittsburgh or London later in 2018!

Bond Fund Holdings, Products

Contact us to see our new Bond Fund Portfolio Holdings data, or to request the latest issue of our Bond Fund Intelligence newsletter, which celebrated its 3rd birthday this month. Crane Data continues to expand its coverage of the bond mutual fund marketplace, and recently went live with a monthly collection of portfolio holdings for ultra-short and short-term bond funds. (We'll be adding holdings of intermediate-term funds later this year.) Ask about our new Bond Fund Wisdom product suite, and pending database query module. Watch for a BFI Daily product and a website dedicated to this space too in the coming year, and visit www.cranesbfsymposium.com for details on our new Bond Fund Symposium conference. Choose "Subscribers" then "Content" on our menu to access the latest BFI, BFI XLS and BF Holdings issues and archives, as well as materials from our recent Bond Fund Symposium.