Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of June 22, 2017 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.13
Dreyfus Cash Mgmt Institutional (DICXX) 1.12
Western Asset Inst Cash Res Inst (CARXX) 1.12
JPMorgan Prime MM Capital (CJPXX) 1.12
UBS Select Prime Money Mkt Pref (SPPXX) 1.12
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.17
BlackRock Money Market Port Inst (PNIXX) 1.09
JPMorgan Liquid Assets Capit (CJLXX) 1.09
Federated Prime Cash Oblig WS (PCOXX) 1.08
Goldman Sachs Investor MM Inst (FMJXX) 1.07
Tax Exempt Money Funds 7-Day Yield%
Northern Trust Municipal MMkt (NOMXX) 0.79
Federated Municipal Obligs WS (MOFXX) 0.73
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 0.71
BMO Tax-Free MMF Premier (MFIXX) 0.67
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.66

Money Market News

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Thanks to everyone who attended our 9th annual Crane's Money Fund Symposium in Atlanta this week! Our near-record event (550 attendees) at the Atlanta Hyatt Regency wraps up Friday morning with sessions entitled, "Strategists Speak '17: Rising Rates, Repo, Risks," "Treasury, Fed RRP & Agency Supply Update," "Pros & Cons of Ultra-Short Bond Funds," and "Money Fund Trading, Technology & Data." (Feel free to drop by and "crash" the last half-day if you're in town!) Subscribers and attendees may access the recordings and binder via our "Content" center and our "Money Fund Symposium 2017 Download Center" page (watch for the final version and recordings to be posted Monday), and mark your calendars for next year's show in Pittsburgh (June 25-27, 2018). Watch for coverage and comments from the sessions next week, and in our next Money Fund Intelligence. Thank you once again to our excellent speakers, our generous sponsors and all our attendees!

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Inside Money Fund Intelligence

MFI PDF June 2017 Issue

Largest Money Fund Managers

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The June 2017 issue of Money Fund Intelligence features: "Europe Okays, Prepares for Money Fund Reforms; China," which talks about pending money fund reforms passed by the European Union; "Schwab's Klingman on Rates, Reforms; Rising to Occasion," which "profiles" Charles Schwab Investment Management Vice President & Head of Taxable Money Market Strategies Linda Klingman; and, "MMF Expenses Move Higher as Fee Waiver Unwind Ends," which reviews an ICI study on falling fee waivers.

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 May 31, 2017. (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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Jun 14
Profile of ICI'​s Paul Schott Stevens

A recent article entitled, "Profile: Keeping the peace," which appeared in "The Journal of the Chartered Institute for Securities & Investment," interviews Paul Schott Stevens, president and CEO of the Investment Company Institute. He "reflects on the many crises faced during his time working in the US financial services industry, and explains why an appropriate framework of regulation will be so important moving forward," says the piece.

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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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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.