Latest N-MFP Portfolio Holdings
Crane Data's latest monthly Money Fund Portfolio Holdings statistics will be published Tuesday, Dec. 10, and we'll be writing our normal monthly update on the Nov. 30 data for Wednesday's News. But we also generate a separate and broader Portfolio Holdings data set based on the SEC's Form N-MFP filings, and we posted these to the website Monday. (We continue to merge the two series, and the N-MFP version is now available via Holding file listings to Money Fund Wisdom subscribers.) Our new N-MFP summary, with data as of Nov. 30, 2019, includes holdings information from 1,080 money funds, representing assets of $3.992 trillion (up from $3.968 trillion last month). Our latest Form N-MFP Summary for All Funds (taxable and tax-exempt) shows Repurchase Agreement (Repo) holdings in money market funds totaling $1,166 billion (down from $1,204 billion), or 29.2% of all assets. Treasury holdings total $1,138 billion (up from $1,081 billion), or 28.5%, and Government Agency securities totaled $785.4 billion (down from $804.0 billion), or 19.7%. Holdings of Treasuries, Government agencies and Repo (the vast majority of which is backed by Treasuries and agencies) combined total $3.089 trillion, or 77.4% of all holdings. Commercial paper (CP) totals $362.1 billion (up from $356.0 billion), or 9.1%, and Certificates of Deposit (CDs) total $280.3 billion (up from $267.1 billion), or 7.0%. The Other category (primarily Time Deposits) totals $158.1 billion (up from $154.3 billion), or 4.0%, and VRDNs account for $101.6 billion (up from $100.8 billion last month), or 2.5%. Broken out into the SEC's more detailed categories, the CP totals were comprised of: $236.5 billion, or 5.9%, in Financial Company Commercial Paper; $62.8 billion or 1.6%, in Asset Backed Commercial Paper; and, $62.9 billion, or 1.6%, in Non-Financial Company Commercial Paper. The Repo totals were made up of: U.S. Treasury Repo ($705.5B, or 17.7%), U.S. Govt Agency Repo ($406.5B, or 10.2%) and Other Repo ($54.1B, or 1.4%). The N-MFP Holdings summary for the 213 Prime Money Market Funds shows: CP holdings of $356.4 billion (up from $350.4 billion), or 31.8%; CD holdings of $280.3 billion (up from $267.1 billion), or 25.0%; Repo holdings of $186.4 billion (down from $196.6 billion), or 16.7%; Other (primarily Time Deposits) holdings of $108.2 billion (up from $105.9 billion), or 9.7%; Treasury holdings of $118.9 billion (up from $107.1 billion), or 10.6%; Government Agency holdings of $63.7 billion (down from $71.4 billion), or 5.7%; and VRDN holdings of $5.6 billion (unchanged from last month), or 0.5%. The SEC's more detailed categories show CP in Prime MMFs made up of: $236.5 billion (up from $236.4 billion), or 21.1% in Financial Company Commercial Paper; $62.8 billion (up from $61.4 billion) or, 5.6% in Asset Backed Commercial Paper; and $57.1 billion (up from $52.7 billion), or 5.1% in Non-Financial Company Commercial Paper. The Repo totals include: U.S. Treasury Repo ($74.0 billion, or 6.6%), U.S. Govt Agency Repo ($58.3 billion, or 5.2%), and Other Repo ($54.1 billion, or 4.8%).
