Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 29, 2020 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Inst (ESGXX) 0.19
State Street ESG Liq Reserve Prem (ELRXX) 0.15
Western Asset Inst Liquid Res (CILXX) 0.13
BlackRock LEAF Direct (LEDXX) 0.12
Dreyfus Cash Management Inst (DICXX) 0.11
Retail Money Funds 7-Day Yield%
Invesco Premier Investor (IMRXX) 0.13
JPMorgan Liquid Assets Capit (CJLXX) 0.12
Wells Fargo MMF Prime (WMPXX) 0.11
Fidelity Inv MM: MM Port Inst (FNSXX) 0.06
UBS Prime Preferred Fund (UPPXX) 0.06
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 0.14
BMO Tax-Free MMF Premier (MFIXX) 0.06
Vanguard Municipal MMF (VMSXX) 0.05
Schwab Municipal MF Ultra (SWOXX) 0.04
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.04

Money Market News


Money market fund assets fell yet again in the latest week, their twelfth decline in a row and 20th decline over the past 23 weeks. Assets have fallen $441 billion since May 20, when they were at a record $4.789 trillion. ICI's latest weekly "Money Market Fund Assets" report says, "Total money market fund assets decreased by $7.38 billion to $4.35 trillion for the week ended Wednesday, October 28.... Among taxable money market funds, government funds decreased by $10.21 billion and prime funds increased by $2.38 billion. Tax-exempt money market funds increased by $451 million." ICI's stats show Institutional MMFs falling $7.6 billion and Retail MMFs increasing $251 million. Total Government MMF assets, including Treasury funds, were $3.639 trillion (83.7% of all money funds), while Total Prime MMFs were $597.2 billion (13.7%). Tax Exempt MMFs totaled $112.5 billion (2.6%). (Note that ICI's asset totals don't include a number of funds tracked by the SEC and Crane Data.)


Inside Money Fund Intelligence

MFI PDF October 2020 Issue

Largest Money Fund Managers

MFI pdf icon

The October 2020 issue of Money Fund Intelligence features: "MMFs Turn 50 But Zero Yields, Reform Talks Dim Celebration," which discusses the birth and present challenges of money market funds; "Bond Funds: Junker, Roever, Walczak on Ultra-Shorts," which quotes from our recent Bond Fund Webinar; and, "Tax Exempt Money Fund Liquidations Hit State Funds," which discusses the consolidation gripping Municipal MMFs.

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 September 30, 2020. (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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Oct 26
ICI Appoints Pan as CEO

A press release, "Eric J. Pan Named President and CEO of ICI," says, "The Board of Governors of the Investment Company Institute has unanimously elected Eric J. Pan as ICI's next president and chief executive officer.He succeeds Paul Schott Stevens, who is retiring at year-end after more than 16 years as ICI's president and CEO."

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Oct 05
Henderson Moves to Safened

Graeme Henderson is the new Head of Sales at Safened US. He was formerly with Cachematrix.

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Sep 24
ICD Hires Tonya Bukacek as CIO

Online money fund trading portal ICD hired Tonya Bukacek as Chief Information Officer.

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Crane Data News & Features

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Webinar & Conference Schedule

Please join us for one of our upcoming webinars! European Money Fund Symposium Online will be Nov. 19 from 10am-12pmET and will include discussions on the "offshore" money fund marketplace, and we'll also host a Money Fund Wisdom Demo & Training on Dec. 16 1-2pmET. While we're still unsure if we'll be able to resume in-person conferences in 2021, we're preparing nonetheless. Mark your calendars for our next Money Fund University, scheduled for Jan. 21-22, 2021 in Pittsburgh, Pa. (or online), and our next Bond Fund Symposium, scheduled for March 25-26, 2021, in Newport Beach, Calif. (or online). Our "big show," Money Fund Symposium, was cancelled this year, but we're planning for June 23-25, 2021 in Philadelphia. Finally, we've moved our European Money Fund Symposium back to next October 21-22, 2021 in Paris, France. Crane Data Subscribers or Attendees may access past conference and webinar materials at the bottom of our "Content" page or see links to our latest events from the "Conferences" menu option. Let us know if you'd like more information about any of our shows, and we hope to see you back out on the road in 2021!