Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Jan. 17, 2021 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liquidity Inst (ESGXX) 0.17
BlackRock LEAF Direct (LEDXX) 0.16
Western Asset Prem Inst Liq Res Cap (WAAXX) 0.15
UBS Select ESG Prime Pref Fund (SSPXX) 0.13
JPMorgan Prime MM Capital (CJPXX) 0.12
Retail Money Funds 7-Day Yield%
Invesco Premier Investor (IMRXX) 0.11
Wells Fargo MMF Prime (WMPXX) 0.10
BlackRock Money Mkt Port Inst (PNIXX) 0.09
Fidelity Inv MM: MM Port Inst (FNSXX) 0.08
JPMorgan Liquid Assets Capit (CJLXX) 0.07
Tax Exempt Money Funds 7-Day Yield%
Federated Hermes Muni Obligs WS (MOFXX) 0.06
JPMorgan Municipal MM Inst (IJMXX) 0.03
Schwab NY Municipal MF Ultra (SNYXX) 0.02
BlackRock Lq MuniFund I (MFTXX) 0.01
Fidelity Inv MM: Tax Exempt I (FTCXX) 0.01

Money Market News

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On Friday, mutual fund news source ignites published the article, "Sponsors Waived $3.1B in Money Fund Fees in 2020." They write, "Money market fund sponsors waived $3.1 billion in fees last year, according to Investment Company Institute data. An economic slowdown spurred by the coronavirus pandemic led the Federal Reserve to cut short-term interest rates twice last March, to zero, after about two years of keeping the benchmark rate above 1.5%. With those cuts, yields tumbled, and a growing number of money funds began waiving fees to avoid zero or negative yields." We quote from their piece, and we also review the latest MFI International statistics on European money fund assets, yields and portfolio holdings, below. (Note: We're still taking registrations for this week's Money Fund University ($250), our "basic training" event, which takes place the afternoons of Jan. 21-22. Crane Data Subscribers and MFU Attendees may visit the "Money Fund University 2021 Download Center" to access conference materials and recordings in coming days.)

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Inside Money Fund Intelligence

MFI PDF January 2021 Issue

Largest Money Fund Managers

MFI pdf icon

The January 2021 issue of Money Fund Intelligence features: "Highlights of '20: March Madness, Asset Surge, Rate Crash," which reviews one of the craziest years in money funds' 50-year history; "ICD Portal's Tory Hazard Keeps Focus on Clients, Tech," which profiles the leader of the largest independent MMF "portal;" and, "Top Money Funds of 2020; 12th Annual MFI Awards," which reviews the No. 1 ranked funds from 2020 and the past 5 and 10 years.

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.

MFI xls icon

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 December 31, 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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Jan 06
Dreyfus CIS Hires John Tobin

John Tobin was hired as CIO of Dreyfus Cash Investment Strategies to replace the retiring Patricia Larkin. Tobin was formerly at J.P. Morgan Asset Management.

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Dec 28
Blass to Leave SEC in January

Dalia Blass, the SEC's Director of Division of Investment Management, announced she will leave the SEC in January (see release) and Sarah ten Siethoff will become the acting Director. SEC Chair Jay Clayton and Chief Economist S.P. Kothari will also be leaving.

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Nov 09
Tobin No Longer at JPMAM

John Tobin is no longer with J.P. Morgan Asset Management. He was Head of Portfolio Management for Global Liquidity.

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Crane Data News & Features

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Webinar & Conference Schedule

If you're new to the money markets, please join us for our upcoming "basic training" event, Money Fund University, which is scheduled for Jan. 21-22, 2021. MFU will be online and will feature two afternoons of live sessions, as well as access to a number of recorded segments and background materials. Registration is $250. Our next Bond Fund Symposium, scheduled for March 25-26, 2021, will also be entirely online and will be $250 to attend. Also, mark your calendars for our "big show," Money Fund Symposium, scheduled for June 23-25, 2021 in Philadelphia, and for our European Money Fund Symposium, scheduled for October 21-22, 2021 in Paris. 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!