Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 14, 2020 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Inst (ESGXX) 0.28
BlackRock LEAF Direct (LEDXX) 0.24
JPMorgan Prime MM Capital (CJPXX) 0.23
Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) 0.22
State Street ESG Liq Reserve Prem (ELRXX) 0.20
Retail Money Funds 7-Day Yield%
BlackRock Money Mkt Port Inst (PNIXX) 0.22
Wells Fargo MMF Prime (WMPXX) 0.21
JPMorgan Liquid Assets Capit (CJLXX) 0.21
Goldman Sachs Investor MM Inst (FMJXX) 0.19
Fidelity Inv MM: MM Port Inst (FNSXX) 0.15
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 0.26
BMO Tax-Free MMF Premier (MFIXX) 0.20
JPMorgan Municipal MM Inst (IJMXX) 0.15
Vanguard Municipal MMF (VMSXX) 0.13
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.08

Money Market News


Crane Data's MFI International shows that assets in European or "offshore" money market mutual just keep growing, hitting a record $1.056 trillion in August after breaking above $1.0 trillion for the first time ever three months ago. These U.S.-style funds, domiciled in Ireland or Luxemburg and denominated in US Dollars, Pound Sterling and Euros, have increased by $12.0 billion over the last 30 days; they're up by $179.3 billion (20.5%) year-to-date. Offshore US Dollar money funds, which broke over $500 billion in January, are up $7.5 billion over the last 30 days and up $69.7 billion YTD to $564.2 billion. Euro funds are up E38.0 billion over the past month, and YTD they're up E34.5 billion to E133.2 billion. GBP money funds have fallen by L3.5 billion over 30 days, but are up by L37.7 billion YTD to L224.9B. U.S. Dollar (USD) money funds (192) account for over half (53.4%) of the "European" money fund total, while Euro (EUR) money funds (94) make up 14.0% and Pound Sterling (GBP) funds (122) total 30.2%. We summarize our latest "offshore" money fund statistics and our Money Fund Intelligence International Portfolio Holdings (which went out to subscribers Friday), below.


Inside Money Fund Intelligence

MFI PDF August 2020 Issue

Largest Money Fund Managers

MFI pdf icon

The August 2020 issue of Money Fund Intelligence features: "Summer Asset Swoon Ending But Totals Back Below $5 Trillion," which focuses on recent declines in money market fund assets; "PM Perspectives: Walczak, Hill & Yi Discuss MMFs," which excerpts from our latest webinar; and, "Bank Regulators Getting Jump on Future Reg Changes," which discusses the potential for future reforms.

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.

MFI xls icon

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, 2020. (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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Aug 14
Blanchard Going to Point72

"Alex Blanchard, Goldman Sachs Group Inc.'s head of repo trading, is set to join ... Steve Cohen's Point72 Asset Management," we learned from a Bloomberg article.

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Jul 27
Hennigan Moves to Deposit Solutions

Shana Hennigan is the new National Director of Sales at Deposit Solutions. She was previously at Safened.

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Jul 15
Jo Gilbert Retires from Fairfax

Josephine Gilbert has retired from Fairfax County.

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Crane Data News & Features

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Money Fund Symposium Shifted to October

We’ve again shifted the dates back for our Money Fund Symposium, which is now scheduled for October 26-28, 2020, at the Hyatt Regency in Minneapolis, Minn. We’ll continue monitoring events in coming weeks and will cancel if it looks like travel will be ill-advised in October. (Crane Data will continue to offer full refunds or credits for any cancels.) We’ve also cancelled our next European Money Fund Symposium , which was scheduled for Nov. 19-20, 2020, in Paris, France. (We'll hold our next European MFS October 21-22, 2021 in Paris.) Also, mark your calendars for our next Money Fund University, scheduled for Jan. 21-22, 2021 in Pittsburgh, Pa., and our next Bond Fund Symposium, scheduled for March 25-26, 2021, in Newport Beach, Calif. Crane Data Subscribers or Attendees may access past conference and webinar materials at the bottom of our "Content" page or see links to our latest events from the "Conferences" menu option. Let us know if you'd like more information about any of our shows, and we hope to see you in Minneapolis later in 2020!