Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 16, 2019 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Fund Cap (ESIXX) 2.33
Morgan Stanley Inst Liq MMP Inst (MPUXX) 2.25
Goldman Sachs FS MM Inst (FSMXX) 2.25
Wells Fargo Heritage Sel (WFJXX) 2.24
State Street Inst Liquid Res Prem (SSIXX) 2.24
Retail Money Funds 7-Day Yield%
JPMorgan Liquid Assets Capit (CJLXX) 2.24
Vanguard Prime MMF Adm (VMRXX) 2.22
First American Ret Prime Oblig (FXRXX) 2.21
Fidelity Inv MM: MM Port Inst (FNSXX) 2.21
Goldman Sachs Investor MM Inst (FMJXX) 2.19
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 1.30
Vanguard Municipal MMF (VMSXX) 1.30
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.26
BlackRock Liq MuniFund I (MFTXX) 1.25
Morgan Stanley Inst Liq T-E Inst (MTXXX) 1.23

Money Market News


Two major articles on money market funds and "cash" were published on Friday, which examine the two biggest stories of August to date -- brokerage sweep account changes and money fund asset growth. The first, Barron's "How Brokerages Use 'Sweep Accounts' and Cash In on Your Desire for Convenience," discusses brokerage programs and deposits vs. money funds, while the second, Bloomberg's "The $3.4 Trillion Haven Where Investors 'Hide Out for a While'," discusses the recent surge in money fund assets. We quote from these articles below. (See our August 13 News, "Cash of the Titans: Schwab vs. Fidelity; MF Yields Dip Below 2.0 Percent," and our August 16 Link of the Day, "ICI: Money Fund Assets Push Higher.")


Inside Money Fund Intelligence

MFI PDF August 2019 Issue

Largest Money Fund Managers

MFI pdf icon

The August 2019 issue of Money Fund Intelligence features: "Money Fund Assets Surging in '19; No Signs of Slowdown," which reviews the recent strength in money market fund asset flows; "Northern's Peter Yi: Money Market Business Asymmetric," which profiles Northern Trust Asset management's Director of Short Duration Portfolio Management and Head of Taxable Credit Research; and, "Confusion Grows as 'ESG' Gets Hotter in Money Funds," which discusses the latest developments in the "green" money fund space.

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 July 31, 2019. (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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Jul 29
Federated'​s Maloney Passes

We were saddened to hear that Federated Investors' Eugene Maloney passed away. (See his Obituary and our July 24 Link of the Day.) Our deepest condolences go out to Federated, his family, friends and associates of Gene.

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Jul 24
Conetta Moves to Nearwater

Christopher Conetta has left Barclays to join Nearwater Capital as Senior Managing Director and Head of Liquid Markets.

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Jul 12
Vivian Maps RIP

Our deepest condolences go out to friends, family and former co-workers of Vivian Maps, who passed away recently. (See the Obituary here.) Maps formerly worked at iMoneyNet and helped standardize data collection for the offshore and European money fund industry.

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Crane Data News & Features

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European Money Fund Symposium

Start making plans for our next European Money Fund Symposium, which will be held Sept. 23-24, 2019, in Dublin, Ireland. Also, mark your calendars for our next Money Fund University, Jan. 23-24, 2020, in Providence, R.I., our next Bond Fund Symposium, March 25-26, 2020 in Boston, and our next Money Fund Symposium, June 24-26, 2020, in Minneapolis. Thank you to those who attended our recent Money Fund Symposium in Boston! Conference recordings, Powerpoints and materials are available to attendees and Crane subscribers at the bottom of our "Content Center" or via our Money Fund Symposium 2019 Download Center page. We hope to see you in Dublin later this year, or in Providence, Boston or Minneapolis in 2020!

Bond Fund Wisdom

Our new Bond Fund Wisdom product "suite" includes our Bond Fund Intelligence newsletter, our monthly BFI XLS spreadsheet, and our Bond Fund Portfolio Holdings data sets. We'll soon be launching a BFI Daily component as well. Let us know if you'd like to see any of Crane Data's bond fund information products, or if you'd like to see any of our money fund info too. We're happy to send you the latest issues or files!