Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 23, 2017 )
Institutional Money Funds 7-Day Yield%
UBS Select Prime Money Mkt Pref (SPPXX) 1.06
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.05
Fidelity Inv MM: Prime Res Inst (FHPXX) 1.04
JPMorgan Prime MM Capital (CJPXX) 1.03
Western Asset Inst Cash O (CARXX) 1.02
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.10
Vanguard Prime MMF Adm (VMRXX) 1.01
JPMorgan Liquid Assets Capit (CJLXX) 1.00
Federated Prime Cash Oblig WS (PCOXX) 1.00
BlackRock Money Market Port Inst (PNIXX) 0.99
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 0.73
Vanguard Municipal MMF (VMSXX) 0.72
Northern Trust Municipal MMkt (NOMXX) 0.71
Vanguard NY Municipal MMF (VYFXX) 0.69
Vanguard CA Municipal MMF (VCTXX) 0.68

Money Market News

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Earlier this week, we briefly mentioned the introduction of "H.R.2319 - Consumer Financial Choice and Capital Markets Protection Act of 2017 (see our May 22 News), a bill that could roll back the floating NAV portion of money fund reforms. We finally located the text of the latest bill (with help from a reader), and excerpt from it below. While the bill's odds of passing are unclear, it appears that it would substantially roll back the 2016 money fund reforms by allowing floating NAV money market funds an option to return to amortized cost accounting, the foundation of the "stable" NAV. We'll be watching developments closely in coming months. (See also our March 8, 2016 News, "Long Shot Legislation Could Keep All Money Funds Stable, Ban Bailouts.")

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Inside Money Fund Intelligence

MFI PDF May 2017 Issue

Largest Money Fund Managers

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The May 2017 issue of Money Fund Intelligence features: "Crane Data Turns 11; Money Fund Comeback; Bond Push," which talks about Crane Data's 11th Birthday this month; "Still Preserving Capital: American Century's Latchford," which "profiles" ACI's Senior Portfolio Manager and Director of Money Markets; and, "ICI 2017 Fact Book Shows Money Fund Trends in '16," which reviews ICI's latest annual statistics.

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, 2017. (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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May 14
Eric Thorderson Retires from Janus

Eric Thorderson retired as Portfolio Manager of Janus Government Money Market Fund and Janus Money Market Fund. Garrett Strum takes over as Portfolio Manager of both funds.

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May 01
Dailey No Longer w/​Calvert

Tom Dailey, who managed Calvert money funds until 12/13 when they liquidated, is no longer with the company. He is interested in any money management opportunities.

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Apr 26
Wennlund Retires from Northern

Lloyd Wennlund retired after 27 years at Northern Trust. Wennlund was Executive Vice President, Head of Mutual Funds for Asset Management. We wish Lloyd well in retirement and thank him for his service!

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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.