Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 22, 2019 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Fund Cap (ESIXX) 2.61
First American Inst Prime Obl Z (FPZXX) 2.54
Goldman Sachs FS Prm Ob Inst (FPOXX) 2.54
Dreyfus Cash Mgmt Institutional (DICXX) 2.54
Morgan Stanley Inst Liq MMP Inst (MPUXX) 2.52
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Capit (CJLXX) 2.50
Vanguard Prime MMF Adm (VMRXX) 2.50
First American Ret Prime Obligs X (FXRXX) 2.50
Fidelity Inv MM: MM Port Inst (FNSXX) 2.50
Goldman Sachs Investor MM Inst (FMJXX) 2.49
Tax Exempt Money Funds 7-Day Yield%
BlackRock Liq NY Money I (MUNXX) 1.75
Western Asset Select Tax Free Res Sel (CIFXX) 1.74
Northern Institutional Muni MM Sh (NMUXX) 1.73
BMO Tax-Free MMF Premier (MFIXX) 1.73
Federated Municipal Obligs WS (MOFXX) 1.72

Money Market News


Sweeps to ultra-low yielding FDIC-insured bank deposit programs continue to drive brokerage earnings, we're again learning from the latest batch of releases and conference calls. Last week, Schwab, Morgan Stanley and E*Trade all posted their Q1'19 results. (See our April 15 Link of the Day, "Schwab Q1 Earnings, Federated.") TD Ameritrade, which became the first firm in years to cut rates on its offerings, will release earnings late Tuesday, April 23. We quote from some of the latest coverage, and we also review the most recent statistics from our Brokerage Sweep Intelligence product below.


Inside Money Fund Intelligence

MFI PDF April 2019 Issue

Largest Money Fund Managers

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The April 2019 issue of Money Fund Intelligence features: "Ultra-Short Bond Funds Big; Highlights from BF Symposium," which reviews our recent conference and developments in the short-term bond fund sector; "BFS Keynote: Schneider & Mejzak; Fidelity's Pope," which quotes from a couple of featured conference sessions; and, "Worldwide MF Assets at $6T; US Jumps, China Drops in Q4," which talks about the about money fund markets beyond the U.S.

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 March 31, 2019. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

origami crane

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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Apr 12
Weiss Now at Yorktown Funds

Barry Weiss is no longer with Kroll Bond Rating Agency. He is now a Portfolio Manager at Yorktown Funds, responsible for the Yorktown Short Term Bond Fund.

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Apr 05
StoneCastle Hires Edstrom

StoneCastle Cash Management hired Eric Edstrom (see press release here). Estrom was previously with Charles Schwab.

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Mar 04
JPMAM Hires Klee in Europe

J.P. Morgan Asset Management announced that Jemma Clee has been appointed as an Executive Director and Head of Investment Specialists for Global Liquidity in Europe (EMEA).

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Crane Data News & Features

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Crane's Money Fund Symposium

We hope you'll join us for our big show, Money Fund Symposium, which will take place June 24-26, 2019, in Boston. Money Fund Symposium is the largest gathering of money fund professionals and cash investors in the world with 575 attending our event last year in Pittsburgh. Also, mark your calendars for our next European Money Fund Symposium, which will be held Sept. 23-24, 2019, in Dublin, and our next Money Fund University, which will be held Jan. 23-24, 2020, in Providence, R.I. Finally, thanks to those who attended our recent Bond Fund Symposium in Philadelphia. Conference recordings, Powerpoints and materials are available to attendees and Crane subscribers at the bottom of our "Content Center" or via our Bond Fund Symposium 2019 Download Center page. Next year's BFS ultra-short bond fund event will be in Boston, March 23-24, 2020. We hope to see you in Boston or Dublin in 2019 or in Providence or Boston in 2020!

Bond Fund Wisdom

Our new Bond Fund Wisdom product "suite" includes our Bond Fund Intelligence newsletter, our monthly BFI XLS spreadsheet, and our Bond Fund Portfolio Holdings data sets. We'll soon be launching a BFI Daily component as well. Let us know if you'd like to see any of Crane Data's bond fund information products, or if you'd like to see any of our money fund info too. We're happy to send you the latest issues or files!