ICI's Money Fund Holdings Summary
The ICI released its 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. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in September, prime money market funds held 47.2 percent of their portfolios in daily liquid assets and 62.2 percent in weekly liquid assets, while government money market funds held 75.9 percent of their portfolios in daily liquid assets and 87.0 percent in weekly liquid assets." Prime DLA was unchanged from 47.2% in August, and Prime WLA was up from 61.5%. Govt MMFs' DLA fell from 76.5% and Govt WLA decreased from 87.6% for the previous month. ICI explains, "At the end of September, prime funds had a weighted average maturity (WAM) of 29 days and a weighted average life (WAL) of 49 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 43 days and a WAL of 94 days." Prime WAMs and WALs were both 2 days shorter from the previous month. Govt WAMs and WALs were both 1 day shorter from the previous month. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas rose from $671.02 billion in August to $740.35 billion in September. Government money market funds' holdings attributable to the Americas rose from $5,393.07 billion in August to $5,525.97 billion in September." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $740.4 billion, or 62.0%; Asia and Pacific at $170.7 billion, or 14.3%; Europe at $257.5 billion, or 21.5%; and, Other (including Supranational) at $26.5 billion, or 2.2%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.526 trillion, or 92.2%; Asia and Pacific at $119.2 or 2.0%; Europe at $321.9 billion, 5.4%, and Other (Including Supranational) at $24.3 billion, or 0.4%.
