Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Feb. 24, 2017 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq MMP Inst (MPUXX) 0.90
JPMorgan Prime MM Capital (CJPXX) 0.89
UBS Select Prime Money Mkt Pref (SPPXX) 0.88
Morgan Stanley Inst Liq Prime Inst (MPFXX) 0.87
BlackRock Lq TempFund In (TMPXX) 0.85
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 0.96
JPMorgan Liquid Assets Capit (CJLXX) 0.91
BlackRock Money Market Port Inst (PNIXX) 0.88
Vanguard Prime MMF Adm (VMRXX) 0.85
Federated Prime Cash Oblig WS (PCOXX) 0.83
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.61
Northern Trust Municipal MMkt (NOMXX) 0.59
Vanguard NJ Tax Exempt MMF (VNJXX) 0.55
BMO Tax-Free MMF Premier (MFIXX) 0.53
Federated Tax-Free Obligs WS (TBIXX) 0.53

Money Market News

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Federated Investors filed their latest "10-K Annual Report" with the Securities & Exchange Commission Friday. It says, "Federated Investors, Inc., a Pennsylvania corporation, together with its consolidated subsidiaries (collectively, Federated), is a leading provider of investment management products and related financial services. Federated has been in the investment management business since 1955 and is one of the largest investment managers in the United States (U.S.) with $365.9 billion in assets under management (AUM or managed assets) at December 31, 2016." We excerpt the highlights from the filing below, which provide an interesting look into the business and risks of the money market mutual fund industry.

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Inside Money Fund Intelligence

MFI PDF February 2017 Issue

Largest Money Fund Managers

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The February 2017 issue of Money Fund Intelligence features: "Time for Prime Comeback Say MMF Managers; Rates Higher," which revisits the $1 trillion question: will investors return to Prime?; "Money Funds First (American) at US Bancorp A.M.," which "profiles" First American Funds' Jeff Plotnik and Eric Thole; and, "MF University Features Big Shift, New Frontiers in '17," which reviews our latest "basic training" conference.

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 Jan. 31, 2017. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, 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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Feb 19
In Memoriam: Bill Donoghue

Our Feb. 13 News, entitled, "In Memoriam: Money Fund Guru Bill Donoghue; Popularized MMFs in '‚Äč80s," explains, "Crane Data was saddened to learn recently that the original money fund "guru," Bill Donoghue, passed away last month. Donoghue's Obituary explains, "William E. Donoghue, 75, of Seattle, Washington ... was a respected author and investment expert best known for the growth of money market mutual funds."

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Feb 13
Wells Seeks West Coast Sales

Wells Fargo Asset Management is seeking a wholesaler based in San Francisco to cover internal and external distribution partners. Contact Brad Marcus or click here for more details.

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Feb 02
Bonanno Joins StoneCastle

Frank Bonanno has joined StoneCastle Partners as Managing Director, Marketing. He was previously with Reich & Tang.

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Crane Data News & Features

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Bond Fund Symposium

Mark your calendars for Crane Data's inaugural Bond Fund Symposium, which is scheduled for March 23-24, 2017, at the Boston Hyatt Regency. We plan on bringing bond fund managers, professionals, investors, dealers, issuers and servicers together for 2 days of intensive discussions of all things bond fund, with a focus on the ultra-short segment. (Contact Pete if you're interested in speaking or sponsoring.) Crane Data began publishing its Bond Fund Intelligence and tracking the bond mutual fund marketplace in 2015, and we continue to expand our readership, coverage and product lineup. Let us know if you'd like to see the latest issue or to learn more. Visit our Content Center to access the latest BFI and BFI XLS issues and archives.

Money Fund Symposium

The agenda is now available and the website is live for our big show, Crane's Money Fund Symposium, which will be held June 21-23, 2017, in Atlanta, Ga. For details and to register visit www.moneyfundsymposium.com. Also, mark your calendars for our next European Money Fund Symposium, which will be held Sept. 25-26, 2017 in Paris (visit www.euromfs.com for more info). Finally, thanks to those who attended our Money Fund University recently in Jersey City! Our next "basis training" money fund event is tentatively scheduled for Jan. 18-19, 2018 in Boston.