ICI's MMF Portfolio Holdings Summary
ICI's latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds, tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in November, prime money market funds held 41.3 percent of their portfolios in daily liquid assets and 58.7 percent in weekly liquid assets, while government money market funds held 77.6 percent of their portfolios in daily liquid assets and 87.7 percent in weekly liquid assets." Prime DLA was unchanged from October, and Prime WLA was down from 60.4%. Govt MMFs' DLA rose from 76.0% and Govt WLA increased from 86.8% the previous month. ICI explains, "At the end of November, prime funds had a weighted average maturity (WAM) of 32 days and a weighted average life (WAL) of 54 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 39 days and a WAL of 91 days." Prime WAMs were 3 days longer and WALs were unchanged from the previous month. Govt WAMs were 1 day longer and WALs were unchanged from October. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $518.33 billion in October to $514.59 billion in November. Government money market funds' holdings attributable to the Americas rose from $4,880.05 billion in October to $5,061.10 billion in November." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $514.6 billion, or 48.8%; Asia and Pacific at $200.0 billion, or 19.0%; Europe at $316.3 billion, or 30.0%; and, Other (including Supranational) at $23.9 billion, or 2.3%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.061 trillion, or 91.0%; Asia and Pacific at $124.8 billion, or 2.2%; Europe at $353.0 billion, 6.3%, and Other (Including Supranational) at $22.4 billion, or 0.4%.
