ICI's Money Market Fund Holdings
ICI also released its latest monthly "Money Market Fund Holdings" summary yesterday, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. (For more, see our July 13 News, "July MF Portfolio Holdings: Repo Plunges, Treasuries Break $2.5 Trillion," and register for the upcoming "Crane's Money Fund Webinar: Portfolio Manager Perspectives," which features our Peter Crane hosting a panel of PMs, including Federated Hermes' Sue Hill, Northern Trust Asset Management's Peter Yi and UBS Asset Management's David Walczak, on July 22 at 1pm.) The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in June, prime money market funds held 40.3 percent of their portfolios in daily liquid assets and 50.2 percent in weekly liquid assets, while government money market funds held 74.6 percent of their portfolios in daily liquid assets and 83.6 percent in weekly liquid assets." Prime DLA increased from 41.3% in May, and Prime WLA increased from 50.0%. Govt MMFs' DLA increased from 72.9% in May and Govt WLA increased from 83.3% from the previous month. ICI explains, "At the end of June, prime funds had a weighted average maturity (WAM) of 45 days and a weighted average life (WAL) of 64 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 43 days and a WAL of 101 days." Prime WAMs were down three days from the previous month and WALs were unchanged from the previous month. Govt WAMs and WALs were both unchanged in the previous month. Regarding Holdings By Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas rose from $402.00 billion in May to $430.17 billion in June. Government money market funds' holdings attributable to the Americas declined from $3,487.55 billion in May to $3,400.40 billion in June." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $430.2 billion, or 55.8%; Asia and Pacific at $114.6 billion, or 14.9%; Europe at $217.4 billion, or 28.2%; and, Other (including Supranational) at $9.3 billion, or 1.2%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.400 trillion, or 90.0%; Asia and Pacific at $110.6 billion, or 2.9%; Europe at $253.9 billion, 6.7%, and Other (Including Supranational) at $15.1 billion, or 0.4%."
