Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 28, 2020 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq ESG MMP Inst (MPUXX) 0.62
Federated Inst MM Mgmt IS (MMPXX) 0.57
BlackRock LEAF Direct (LEDXX) 0.54
JPMorgan Prime MM Capital (CJPXX) 0.50
Western Asset Inst Liquid Res Inst (CILXX) 0.50
Retail Money Funds 7-Day Yield%
Wells Fargo MMF Prime (WMPXX) 0.59
T Rowe Price Cash Reserves (TSCXX) 0.55
JPMorgan Liquid Assets Capit (CJLXX) 0.51
Goldman Sachs Investor MM Inst (FMJXX) 0.51
Federated Prime Cash Oblgs WS (PCOXX) 0.46
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.43
BMO Tax-Free MMF Premier (MFIXX) 0.35
Vanguard Municipal MMF (VMSXX) 0.28
Vanguard NJ Municipal MMF (VNJXX) 0.26
Schwab Municipal MF Ultra (SWOXX) 0.25

Money Market News


Money market fund assets inched lower following 15 straight weeks of increases (where they'd increased by $1.175 trillion), showing their first weekly decline since the start of February. ICI's latest weekly "Money Market Fund Assets" report says, "Total money market fund assets decreased by $1.21 billion to $4.79 trillion for the week ended Wednesday, May 27, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $8.43 billion and prime funds increased by $8.05 billion. Tax-exempt money market funds decreased by $828 million." ICI's stats show Institutional MMFs rising $6.4 billion and Retail MMFs decreasing $7.6 billion. Total Government MMF assets, including Treasury funds, were $3.903 trillion (81.5% of all money funds), while Total Prime MMFs were $750.5 billion (15.7%). Tax Exempt MMFs totaled $134.5 billion, 2.8%. Money fund assets are up an eye-popping $1.156 trillion, or 31.8%, year-to-date in 2020, with Inst MMFs up $956 billion (42.3%) and Retail MMFs up $200 billion (14.6%). Over the past 52 weeks, ICI's money fund asset series has increased by $1.640 trillion, or 52.1%, with Retail MMFs rising by $354 billion (29.1%) and Inst MMFs rising by $1.286 trillion (66.5%).


Inside Money Fund Intelligence

MFI PDF May 2020 Issue

Largest Money Fund Managers

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The May 2020 issue of Money Fund Intelligence features: "MMF Assets Break $5 Trillion; Huge Liquidity Build Continues," which reviews the continued massive inflows into money market funds; "ICI's Stevens Revisits MMFs Once More Before Retiring," which profiles the ICI President and CEO; and, "ICI 2020 Fact Book Shows Money Fund Trends in '19," which looks at the newly released Investment Company Fact Book.

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 April 30, 2020. (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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May 26
Peabody Moves to BNY Mellon

Matt Peabody is now a Director at BNY Mellon Markets. He was previously at State Street and works with DTCC Repo.

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May 06
Hochfeld Moves to SSGA

Kim Hochfeld is now Senior Managing Director, Global Head of Cash at State Street Global Advisors.

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Apr 22
ICD Portal Hires Severance

Tom Severance has joined Institutional Cash Distributors (ICD) as Head of Global Account Management and Sales.

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Crane Data News & Features

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Money Fund Symposium Moved to August

We've changed the dates for our Money Fund Symposium to August 24-26, 2020 at the Hyatt Regency in Minneapolis, Minn. We shifted our big show back from June due to the coronavirus lockdown, and we’ll be watching events carefully in coming months to see if we need to move again, cancel or go virtual. (Crane Data will offer full refunds for any cancels.) We’ve also shifted our next European Money Fund Symposium back to Nov. 19-20, 2020, in Paris, France. Finally, 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 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, stay healthy and we hope to see you in Minneapolis or Paris later in 2020!