Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Nov. 19, 2017 )
Institutional Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.27
Wells Fargo Heritage Sel (WFJXX) 1.26
Dreyfus Cash Mgmt Institutional (DICXX) 1.26
UBS Select Prime Money Mkt Pref (SPPXX) 1.25
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.23
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.27
First American Ret Prime Obligs X (FXRXX) 1.23
JPMorgan Liquid Assets Capit (CJLXX) 1.21
Federated Prime Cash Oblig WS (PCOXX) 1.20
Vanguard Prime MMF Adm (VMRXX) 1.20
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.85
Deutsche Tax-Exempt Money Fund (DTBXX) 0.85
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.83
Vanguard Municipal MMF (VMSXX) 0.81
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.79

Money Market News

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The slow but steady recovery in Prime assets continues to be the most talked about money fund story of the second half of 2017. Most recently, Invesco, addressed the topic with a paper entitled, "Change Creates Opportunity in US Prime Institutional Money Market Funds," and Capital Advisors Group," discussed it in, "First Annual Checkup on Reformed Institutional Prime Funds." Invesco's piece tell us, "We believe disruption and change in the US money market fund industry has led to a renewed relative value opportunity in US prime institutional money market funds ('prime funds'). In the post-financial crisis era from 2009 to 2016, a seemingly unrelenting barrage of challenges bombarded the US money market fund industry: zero interest rate policy (ZIRP), industry consolidation, reform in 2010, reform in 2016 and a massive shift in assets out of prime into government money market funds. However, past is prologue, and two recent trends have led to attractive valuations in prime funds."

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Inside Money Fund Intelligence

MFI PDF November 2017 Issue

Largest Money Fund Managers

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The November 2017 issue of Money Fund Intelligence features: " Money Funds Coming Back; Starting Hard Sell on Prime," which reviews the growing recovery of money funds; "Northern Trust AM's Peter Yi Talks Prime, Segmentation," which interviews Northern's Director of Short Duration Fixed Income; and, "MMFs Pressure Deposits; Banks, Brokers Raising Rates," which reviews the nascent shift in assets from banks back to money market funds.

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

People

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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.