Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of May 19, 2018 )
Institutional Money Funds 7-Day Yield%
Goldman Sachs FS MM Inst (FSMXX) 2.04
Dreyfus Cash Mgmt Institutional (DICXX) 1.96
Morgan Stanley Inst Liq MMP Inst (MPUXX) 1.96
Wells Fargo Heritage Sel (WFJXX) 1.95
State Street Inst Liquid Res Prem (SSIXX) 1.93
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 1.98
Goldman Sachs Investor MM Inst (FMJXX) 1.92
Vanguard Prime MMF Adm (VMRXX) 1.91
JPMorgan Liquid Assets Capit (CJLXX) 1.89
Schwab Value Adv MF Ultra (SNAXX) 1.87
Tax Exempt Money Funds 7-Day Yield%
Wells Fargo Muni Cash Mg MM Prm (EMMXX) 1.38
Federated Municipal Obligs WS (MOFXX) 1.36
Vanguard Municipal MMF (VMSXX) 1.34
Schwab Municipal MF Ultra (SWOXX) 1.34
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.33

Money Market News

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The Securities and Exchange Commission released its latest "Money Market Fund Statistics" summary late last week. It shows that total money fund assets rose by $31.0 billion in April to $3.105 trillion, with most of the increase coming from Prime Funds. Prime MMF assets rose by $22.1 billion to $685.3 billion (after falling by $3.4 billion in March and $2.8 billion in February, but rising by $3.2 billion in January). Government money funds increased by $10.1 billion, while Tax Exempt MMFs fell by $1.1 billion. Gross yields rose again for all types of money funds in the latest month. The SEC's Division of Investment Management summarizes monthly Form N-MFP data and includes asset totals and averages for yields, liquidity levels, WAMs, WALs, holdings, and other money market fund trends. We review their latest numbers below.

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Inside Money Fund Intelligence

MFI PDF May 2018 Issue

Largest Money Fund Managers

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The May 2018 issue of Money Fund Intelligence features: "Money Fund Expenses Higher in ‘17; Crane Data Turns 12," which discusses the decline in fee waivers due to higher yields; "Investortools' James Morris on Money Fund Software," which interviews the VP of a money fund software tool provider; and, "FDIC Sweep Rates Rising, Feeling Pressure from MMFs," which highlights a recent increase in brokerage sweep yields.

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 inquiry@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, 2018. (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 inquiry@cranedata.com or call us at 1-508-439-4419.

People

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Apr 25
AB Seeking Inst MMF Sales

AllianceBernstein is seeking a Head of Institutional Cash Management Services, we learned from a LinkedIn posting.

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Apr 12
Kroll Ratings Seeks Analyst

Kroll Bond Rating Agency, Inc. (KBRA) is "seeking an Associate Director to join its growing Funds Rating team."

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Apr 03
StoneCastle Seeks Cash Sales

StoneCastle Cash Management is looking for an Institutional Sales professional with liquidity/cash management sales experience. See their LinkedIn posting here.

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Crane Data News & Features

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Crane's Money Fund Symposium

Register now for our big show, Money Fund Symposium, which will be held June 25-27, 2018, in Pittsburgh, Pa. Money Fund Symposium brings together over 500 money market mutual fund managers, marketers, investors, issuers, dealers, servicers and regulators annually. Also, start making plans for our European Money Fund Symposium, which will take place September 20-21, 2018, in London, and for our next Money Fund University, which will be January 24-25, 2019 in Stamford, Conn. Finally, thanks to those who attended our recent Bond Fund Symposium in LA! (Next year, we'll do March 25-26, 2019 in Philadelphia.) We’d be happy to discuss any of these events further, and we hope to see you in Pittsburgh or London later in 2018!

Bond Fund Holdings, Products

Contact us to see our new Bond Fund Portfolio Holdings data, or to request the latest issue of our Bond Fund Intelligence newsletter, which celebrated its 3rd birthday recently. Crane Data continues to expand its coverage of the bond mutual fund marketplace, and recently went live with a monthly collection of portfolio holdings for ultra-short and short-term bond funds. (We'll be adding holdings of intermediate-term funds later this year.) Ask about our new Bond Fund Wisdom product suite, and pending database query module. Watch for a BFI Daily product and a website dedicated to this space too in the coming year. Choose "Subscribers" then "Content" on the www.cranedata.com menu to access the latest BFI, BFI XLS and BF Holdings issues and archives, as well as materials from our recent Bond Fund Symposium.