Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 25, 2017 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.07
JPMorgan Prime MM Capital (CJPXX) 1.06
UBS Select Prime Money Mkt Pref (SPPXX) 1.05
BlackRock Lq TempFund In (TMPXX) 1.04
Fidelity Inv MM: Prime MMP Inst (FIPXX) 1.03
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.08
JPMorgan Liquid Assets Capit (CJLXX) 1.03
BlackRock Money Market Port Inst (PNIXX) 1.01
Federated Prime Cash Oblig WS (PCOXX) 0.98
Vanguard Prime MMF Adm (VMRXX) 0.98
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.84
Northern Trust Municipal MMkt (NOMXX) 0.78
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.77
Federated Inst Tax-Fr Cash Tr Prem (FTFXX) 0.77
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.75

Money Market News

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Fitch Ratings and Citi both published briefs on the commercial paper market yesterday, so we decided to take a look at how the CP sector overall has fared of late. The answer is: surprisingly well. CP outstandings have remained almost unchanged at just below $1 trillion throughout the period when Prime money fund assets declined by $1.1 trillion. According to the Federal Reserve's Commercial Paper Outstanding numbers show CP totaling $941.5 billion at the end of 2015 vs. $884.9 billion at the end of 2016, and vs. $937.2 billion at the end of March 2017. We discuss the CP market and review the Fitch and Citi updates below.

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Inside Money Fund Intelligence

MFI PDF April 2017 Issue

Largest Money Fund Managers

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The April 2017 issue of Money Fund Intelligence features: "Conservative Ultra-Shorts Big Draw at Bond Symposium," which recaps our recent Bond Fund Symposium conference in Boston; "J.P. Morgan's Przybylski on Prime, Rates, Repatriation," which "profiles" the Executive Director, Head of Global Liquidity Product Development & Strategy for J.P. Morgan Asset Management; and, "Private Liquidity Funds Focus of SEC Paper, CAG's Pan," which reviews recent papers on this little noticed segment of the money markets.

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 March 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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Mar 31
Citi Portal Seeking People

Citi Treasury & Trade Solutions, which runs the Citi Online Investments money market trading portal, is seeking a salesperson, a US product manager, and a Global product manager. (Click on the hotlinks above for more information.)

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Mar 12
Friedman Joins Public Trust Advisors

Joel Friedman joined Public Trust Advisors as a senior member of their Investment Advisory Team. Friedman was previously with Standard & Poor's Global Ratings.

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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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Crane Data News & Features

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Money Fund Symposium

Make your reservations soon for our big show, Crane's Money Fund Symposium, which is June 21-23, 2017, in Atlanta, Ga. For details, hotel info, 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, France (visit www.euromfs.com for details), and for our next Money Fund University, which will be Jan. 18-19, 2018, in Boston (see www.moneyfunduniversity.com for more). Finally, thanks to those who attended our inaugural Bond Fund Symposium ( www.bondfundsymposium.com) recently in Boston! Our next bond fund event is tentatively scheduled for March 22-23, 2018 in Los Angeles, Calif.

Bond Fund Intelligence

Contact Pete to request the latest issue of our Bond Fund Intelligence newsletter and BFI XLS performance data spreadsheet, which includes our historical Crane BFI Indexes. Crane Data began publishing its Bond Fund Intelligence and tracking the bond mutual fund marketplace in early 2015, and we continue to expand our readership, coverage and product lineup. We're preparing to add a BFI Daily product and Bond Fund Portfolio Holdings, along with a website dedicated to this space, in the coming year. Ask us for details, and visit our Content Center to access the latest BFI and BFI XLS issues and archives, as well as materials from our recent Bond Fund Symposium.