Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Feb. 24, 2020 )
Institutional Money Funds 7-Day Yield%
State Street ESG Liq Res Prem (ELRXX) 1.76
DWS ESG Liquidity Fund Cap (ESIXX) 1.71
BlackRock LEAF Direct (LEDXX) 1.71
Goldman Sachs FS MM Inst (FSMXX) 1.71
Federated Inst MM Mgmt IS (MMPXX) 1.69
Retail Money Funds 7-Day Yield%
Wells Fargo MMF Prime (WMPXX) 1.69
Fidelity Inv MM: MM Port Inst (FNSXX) 1.69
JP Morgan Prime MM Capital (CJPXX) 1.68
Goldman Sachs Investor MM Inst (FMJXX) 1.68
Vanguard Prime MMF Adm (VMRXX) 1.67
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Oblig WS (MOFXX) 1.10
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.08
Vanguard Municipal MMF (VMSXX) 1.06
Morgan Stanley Inst Liq T-E Inst (MTXXX) 1.02
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.01

Money Market News

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This past weekend, both The Wall Street Journal and Barron's discussed the news that Morgan Stanley would buy E*Trade, citing sweep cash as one of the major reasons behind the move. The Journal's Jason Zweig writes in, "What the E*Trade Deal Tells You About the New Investing Game," that, "Morgan Stanley's takeover of E*Trade Financial Corp. for $13 billion shows how drastically the brokerage industry's business model has changed. Firms no longer want to offer investment products from all sources. Instead, they want to milk their customers' cash and manage all of the assets themselves. Investors need to understand the rules of the new game." We review this merger, as well as the latest statistics on the brokerage sweep sector, below.

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Inside Money Fund Intelligence

MFI PDF February 2020 Issue

Largest Money Fund Managers

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The February 2020 issue of Money Fund Intelligence features: "Money Market Supply to Slow in '20 Says JPM's Ho at MFU," which features one of the highlights from our recent Money Fund University; "Cohen, Gershkow Review MMF Regs, Reforms at MFU," which excerpts from the "Money Fund Regulations: 2a-7 Basics & History" MFU session; and, "Social Gets Hotter, But What Exactly Is an ESG MMF?," which writes about the growing but confusing ESG 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 Jan. 31, 2020. (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.

People

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Jan 28
Gordon Retires from Dreyfus

Melinda Gordon has retired from Dreyfus CIS.

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Jan 13
Rizzo Leaving S&​P Global

Peter Rizzo is leaving S&P Global Ratings to "pursue new interests." S&P is looking to fill Peter's role as Analytical Manager of the Fund Ratings Group.

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Crane Data News & Features

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Crane's Bond Fund Symposium

We're gearing up for Bond Fund Symposium, our ultra-short bond fund event, which will be held March 23-24, 2020, in Boston, Mass. Registration is $750, and discounts and free tickets are available for longer-term bond fund portfolio managers. (Ask Pete if you'd like to discuss.) Also, mark your calendars for our big show, Money Fund Symposium, which will be June 24-26, 2020, in Minneapolis, and our next European Money Fund Symposium, which will be Sept. 17-18, 2020, in Paris. (We’re also currently researching an Asian Money Fund Symposium, so contact us for details.) Finally, thanks to those who attended our recent Money Fund University in Providence! Crane Data Subscribers or Attendees may access the conference materials via our "Money Fund University 2020 Download Center". Let us know if you'd like more information about any of our upcoming events, and we hope to see you in Boston, Minneapolis or Paris in 2020!

Money Fund Intelligence International

Let us know if you'd like to see our "offshore" or European money fund products, which track funds domiciled in Ireland, Luxembourg, France and beyond. Our MFI International is a daily e-mailed spreadsheet that tracks yields, assets, WAMs, WLAs and more on hundreds of funds denominated in U.S. dollar, pound sterling, euro and other currencies. We also publish monthly and weekly MFI International MF Portfolio Holdings data, and we're also expanding our collection of longer-term "standard" European money funds and ultra-short bond funds. (Note: These funds are not available to U.S. investors, so this information is not included on the www.cranedata.com website. It's all e-mail or FTP only.)