Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Dec. 14, 2017 )
Institutional Money Funds 7-Day Yield%
UBS Select Prime Money Mkt Pref (SPPXX) 1.31
Wells Fargo Cash Inv Select (WFQXX) 1.30
Dreyfus Cash Mgmt Institutional (DICXX) 1.29
Fidelity Inv MM: Prime Res Inst (FHPXX) 1.27
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.27
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.32
First American Ret Prime Obligs X (FXRXX) 1.27
Federated Prime Cash Oblig WS (PCOXX) 1.24
JPMorgan Liquid Assets Capit (CJLXX) 1.23
UBS Prime Preferred Fund (UPPXX) 1.22
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.91
Schwab Municipal MF Ultra (SWOXX) 0.85
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.85
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.85
BMO Tax-Free MMF Premier (MFIXX) 0.83

Money Market News

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The December issue of our Bond Fund Intelligence newsletter was sent to subscribers yesterday. The latest issue features the lead story, "BlackRock Blog Blasts Bloomberg Barclays Aggregate Index," which reviews a piece by iShares' Martin Small on how benchmarks can be deceiving, and the fund "profile" piece, "Neuberger Berman's Lind & McGinnis: Customization Key," which discusses NB's focus on customized separate accounts on both the taxable and tax-exempt side. BFI also recaps the latest Bond Fund News, including the briefs: Yields Up, Returns Down in Nov., IBD Says 'Bond Funds Declined', and Vanguard Expands Active F-I Lineup. BFI also includes our Crane BFI Indexes, averages and summaries of major bond fund categories. We excerpt from the December issue below, and we also quote from a WSJ article on legislation to overturn the floating NAV. (Contact us if you'd like to see a copy of our latest Bond Fund Intelligence, which is $500 a year, and BFI XLS data spreadsheet, which is $1,000. Watch for our next Bond Fund Portfolio Holdings data too late next week.)

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Inside Money Fund Intelligence

MFI PDF December 2017 Issue

Largest Money Fund Managers

MFI pdf icon

The December 2017 issue of Money Fund Intelligence features: "A Decade Later: Subprime Crisis & StratCash, SIVs, LGIPs," which reviews the 10-year anniversary of the financial crisis and troubles with enhanced cash; "Vanguard's Justin Schwartz Talks Muni Money Markets," which interviews Vanguard's Head of Municipal Money Markets; and, "Signs of Life in Tax Exempt Money Fund Sector Too," which reviews the slow rebound and launches in the Muni MMF space.

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 Nov. 30, 2017. (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 inquiry@cranedata.com or call us at 1-508-439-4419.


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Nov 12
Cominsky Lands at SVB

Paul Cominsky is now at Silicon Valley Bank. He was previously with J.P. Morgan Asset Management.

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Oct 18
Bird Goes to Goldman

Alex Bird is now a Vice President of Liquidity Solutions at Goldman Sachs. He was previously with The Liquidity Marketplace and State Street FundConnect.

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Oct 02
Federated'​s McGonigle Passes

We were saddened to learn that Federated Vice Chairman John McGonigle passed away. McGonigle was a giant of the money market fund industry, one of the foremost experts on money fund regulations in the world. Our deepest condolences to his family and colleagues at Federated. See the Obituary here.

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Crane Data News & Features

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Crane's Money Fund Conferences

Start making plans for Crane's Money Fund University, our "basic training" event, which will be held January 18-19, 2018, in Boston, Mass. Visit www.cranesmfuniversity.com for details or ask us to see the latest brochure. Also, thanks to those who attended our recent European Money Fund Symposium in Paris! Next year's event will be Sept. 24-25, 2018, in London. (See www.euromfs.com for more in coming months.) Our next Bond Fund Symposium (www.cranesbfsymposium.com) will be held March 22-23, 2018, in Los Angeles, Calif., and our next big show, the Money Fund Symposium (www.cranesmfsymposium.com) will take place June 25-27, 2018, in Pittsburgh, Pa. We’d be happy to discuss any of these events further, and we hope to see you in Boston, LA or Pittsburgh, or London next year!

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.