Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 19, 2017 )
Institutional Money Funds 7-Day Yield%
Dreyfus Cash Mgmt Institutional (DICXX) 1.26
UBS Select Prime Money Mkt Pref (SPPXX) 1.25
Wells Fargo Heritage Sel (WFJXX) 1.24
Fidelity Inv MM: Prime Res Inst (FHPXX) 1.21
JPMorgan Prime MM Capital (CJPXX) 1.20
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.26
BlackRock Money Market Port Inst (PNIXX) 1.19
JPMorgan Liquid Assets Capit (CJLXX) 1.19
Federated Prime Cash Oblig WS (PCOXX) 1.19
Goldman Sachs Investor MM Inst (FMJXX) 1.18
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.75
Vanguard Municipal MMF (VMSXX) 0.73
Vanguard NY Municipal MMF (VYFXX) 0.71
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.68
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.66

Money Market News

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The U.S. Securities and Exchange Commission released its latest "Money Market Fund Statistics" summary Friday. It shows that total assets were up ($19.9 billion) in July to $2.917 trillion, and Prime funds rose for the 7th month in a row. Prime MMFs gained $9.5 billion (after gaining $4.0 billion in June and $2.5 billion in May) and rose to $624.9 billion. Government money funds increased by $8.0 billion, and Tax Exempt MMFs rose by $2.3 billion. Gross yields rose again for Prime and Govt MMFs, but decreased 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 August 2017 Issue

Largest Money Fund Managers

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The August 2017 issue of Money Fund Intelligence features: "Managers Flee from State Tax Exempt Money Funds," which reviews the recent spate of liquidations among Tax Exempt MMF managers; "American Beacon's Silver on Govt MMFs, Rates and LGIPs," which profiles Vice President & Chief Fixed Income Officer Sam Silver; and, "AFP Liquidity Survey Shows MMFs Up, Deposits Down," which reviews the Association for Financial Professionals' latest findings.

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 July 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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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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Jul 15
StoneCastle Seeking Cash Sales

StoneCastle Cash Management, which distributes cash management products via a platform of FDIC-insured bank deposits, is "seeking an Institutional Cash Management Relationship Management professional. Click here for details.

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Jul 04
TBS Hires Sarbinowski

Total Bank Solutions hired Joe Sarbinowski, who was previously with Deutsche Asset Management.

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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!