Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 4, 2021 )
Institutional Money Funds 7-Day Yield%
Western Asset Prem Inst Liq Res Cap (WAAXX) 0.12
DWS ESG Liquidity Inst (ESGXX) 0.09
State Street ESG Liq Reserve Prem (ELRXX) 0.08
UBS Select ESG Prime Pref Fund (SSPXX) 0.08
JPMorgan Prime MM Capit (CJPXX) 0.07
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Capit (CJLXX) 0.04
Schwab Value Adv MF Inv (SWVXX) 0.03
UBS Prime Preferred Fund (UPPXX) 0.02
Wells Fargo MMF Prime (WMPXX) 0.02
Invesco Premier Investor (IMRXX) 0.01
Tax Exempt Money Funds 7-Day Yield%
JPMorgan Municipal MM Inst (IJMXX) 0.02
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.01
Invesco Tax-Free Cash Res Inst (TFPXX) 0.01
BlackRock Lq MuniFund I (MFTXX) 0.01
Federated Hermes Muni Obligs WS (MOFXX) 0.01

Money Market News


The U.S. Department of the Treasury's Treasury Borrowing Advisory Committee briefly discussed potential money market fund reforms, we learned from J.P. Morgan's "Mid-Week US Short Duration Update. The TBAC's Minutes explain, "The Committee reviewed a presentation on regulatory reform options for the money market mutual fund (MMF) industry, given the stress experienced by certain types of funds during March 2020. The presenting member began by noting the vulnerabilities that exist for prime MMFs, highlighting common themes in several recent episodes of heightened outflows. During these events, the outflows from prime MMFs have tended to result in similarly sized and simultaneous inflows into government MMFs."


Inside Money Fund Intelligence

MFI PDF July 2021 Issue

Largest Money Fund Managers

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The July 2021 issue of Money Fund Intelligence features: "FSOC, FSB ESMA Comments Set Stage for SEC Reforms '21," which discusses pending money fund regulations; "Asian MF Symposium Recap; JPMAM's Shevlin on China," which reviews our recent Chinese MMF webinar; and, "Worldwide MF Assets Jump in Q1'21 Led by US, China," which highlights ICI's latest global asset collection.

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 June 30, 2021. (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 26
Mueller Retiring from Wells

Jay Mueller will retire from Wells Capital Management on Oct. 31, 2021, we learned from a filing.

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May 13
Arjan Hess Joins Capitolis

Arjan Hess has joined Capitolis as Director of Business Development reporting to Shervyn von Hoerl.

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May 10
BNY Mellon Appoints Majiyagbe

Laide Majiyagbe has been appointed Head of Financing and Liquidity "assuming oversight of BNY Mellon's Securities Finance, Liquidity Services and Collateral Segregation (including its Liquidity Direct) businesses," says a press release.

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Crane Data News & Features

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Money Fund Symposium Sept. 21-23 in Philly

The coast is now clear for our big show, Money Fund Symposium, which is scheduled for Sept. 21-23, 2021 in Philadelphia, Pa.! We expect most restrictions to be gone by the end of this summer, and we look forward to resuming live conferences! We'll continue to watch developments though, and will be happy to offer refunds or credits if anyone isn't comfortable travelling then. Also, note that we're converting our European Money Fund Symposium, which had been scheduled for October 21-22, 2021 in Paris, into a virtual event on Oct. 21, 2021. (We'll be doing next year's event live in Paris in Sept. 2022.) Finally, mark your calendars for our 2022 events -- Money Fund University in Boston (Jan. 20-21) and Bond Fund Symposium in Newport Beach, Calif. (March 28-29). Let us know if you'd like more information about any of our shows, and we hope to see you back out on the road in 2021!