Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 20, 2017 )
Institutional Money Funds 7-Day Yield%
Dreyfus Cash Mgmt Institutional (DICXX) 1.26
UBS Select Prime Money Mkt Pref (SPPXX) 1.26
Wells Fargo Heritage Sel (WFJXX) 1.25
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.24
Fidelity Inv MM: Prime Res Inst (FHPXX) 1.23
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.27
JPMorgan Liquid Assets Capit (CJLXX) 1.20
Federated Prime Cash Oblig WS (PCOXX) 1.20
BlackRock Money Market Port Inst (PNIXX) 1.18
Goldman Sachs Investor MM Inst (FMJXX) 1.17
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.79
Northern Trust Municipal MMkt (NOMXX) 0.75
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.75
Vanguard Municipal MMF (VMSXX) 0.73
UBS Tax-Free Preferred (SFPXX) 0.71

Money Market News

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The U.S. Securities and Exchange Commission released its latest "Money Market Fund Statistics" summary Wednesday. It shows that total money fund assets were up $71.2 billion in August to $2.988 trillion, with Prime funds increasing for the 8th month in a row. Prime MMFs gained $16.8 billion (after gaining $9.5 billion in July, $4.0 billion in June and $2.5 billion in May) to $641.7 billion. Government money funds increased by $56.8 billion, while Tax Exempt MMFs fell by $2.4 billion. Gross yields inched higher for Prime and Govt MMFs, but decreased again for Tax Exempt MMFs. 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 September 2017 Issue

Largest Money Fund Managers

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The September 2017 issue of Money Fund Intelligence features: "Treasury Funds Dodge Debt Ceiling Again; Reviewing Risks," which discusses the narrow avoidance of a technical Treasury default; "European MMF Reforms & Comment Letters to ESMA," which reviews pending regulatory changes for offshore funds; and, "10 Year Anniversary of Start of Subprime Liquidity Crisis," which looks back at the start of the financial crisis and its impact on money funds a decade ago.

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 August 31, 2017. (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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Sep 18
ICI'​s Collins Replacing Reid

A press release entitled, "ICI's Sean Collins Promoted to Chief Economist" tells us, "The Investment Company Institute (ICI) announced today that Sean Collins will be promoted to serve as chief economist, effective January 1, 2018 ... following ... retirement of current ICI Chief Economist Brian Reid.... Collins will report to ICI President and CEO Paul Schott Stevens."

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Sep 05
SEC Names Blass IM Director

A press release says, "The Securities and Exchange Commission today announced that Dalia Blass has been named Director of the agency's Division of Investment Management."

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Jul 24
Wells Wants Sweep Product Manager

Wells Fargo Advisors is seeking a "Product Manager 3 for its Cash Sweep and Business and Account Strategy Team who will be responsible for "overall product management and strategic focus for the Cash Sweep Program."

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Crane Data News & Features

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Bond Fund Portfolio Holdings

Contact Pete to see our new Bond Fund Portfolio Holdings data set, or to request the latest issue of our Bond Fund Intelligence newsletter and BFI XLS performance data spreadsheet. Crane Data began publishing Bond Fund Intelligence and tracking the bond mutual fund marketplace in 2015, and we've been "beta-testing" a monthly collection of portfolio holdings of ultra-short and short-term bond funds over the past several months. We continue to expand our readership, coverage and product lineup, and we will be unveiling a new Bond Fund Wisdom product suite this summer. (See below for details on our new Bond Fund Symposium conference.) Watch for a BFI Daily product and a website dedicated to this space too in the coming year. Visit our Content Center to access the latest BFI, BFI XLS and BF Holdings issues and archives, as well as materials from our recent Bond Fund Symposium.

European Money Fund Symposium

Register and make hotel reservations soon for our upcoming European Money Fund Symposium, which will be held Sept. 25-26, 2017 in Paris, France! Visit www.craneeurosymposium.com for details or ask us to see the latest brochure. Also, thanks to those who attended our big U.S. show, Crane's Money Fund Symposium, in Atlanta! Next year's event will be June 25-27, 2018, in Pittsburgh, Pa. Watch our site or visit www.cranesmfsymposium.com for details in coming months. Our next Money Fund University "basic training" event will take place Jan. 18-19, 2018, in Boston ( see www.cranesmfuniversity.com for more), and our next Bond Fund Symposium ( www.cranesbfsymposium.com) will be held March 22-23, 2018, in Los Angeles, Calif. We’d be happy to discuss any of these events further, and we hope to see you in Paris, Boston, LA or Pittsburgh over the next year!