ICI's Money Fund Holdings Summary
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. (For more, see our May 12 News, "May MF Portfolio Holdings: Repo, TDs Jump; Treasuries, Agencies Drop.") Their MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in April, prime money market funds held 29.9 percent of their portfolios in daily liquid assets and 45.5 percent in weekly liquid assets, while government money market funds held 79.2 percent of their portfolios in daily liquid assets and 88.8 percent in weekly liquid assets." Prime DLA was down from 30.8% in March, and Prime WLA decreased from 45.9%. Govt MMFs' DLA increased from 77.1% in March and Govt WLA increased from 87.2% from the previous month. ICI explains, "At the end of April, prime funds had a weighted average maturity (WAM) of 46 days and a weighted average life (WAL) of 61 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 42 days and a WAL of 90 days." Prime WAMs were up one day from the previous month, while WALs were down one day from the previous month. Govt WAMs were down two days while WALs were down three days from March. Regarding Holdings By Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $193.85 billion in March to $173.00 billion in April. Government money market funds' holdings attributable to the Americas declined from $3,490.51 billion in March to $3,470.72 billion in April." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $173.0 billion, or 34.6%; Asia and Pacific at $91.7 billion, or 18.3%; Europe at $229.0 billion, or 45.8%; and, Other (including Supranational) at $5.9 billion, or 1.3%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.471 trillion, or 87.5%; Asia and Pacific at $141.5 billion, or 3.6%; Europe at $339.2 billion, 8.5%, and Other (Including Supranational) at $16.1 billion, or 0.4%."
