ICI Portfolio Holding 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. Their release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in April, prime money market funds held 44.5 percent of their portfolios in daily liquid assets and 61.9 percent in weekly liquid assets, while government money market funds held 81.6 percent of their portfolios in daily liquid assets and 88.3 percent in weekly liquid assets." Prime DLA was down from 48.3% in March, and Prime WLA was up from 60.9%. Govt MMFs' DLA was up from 80.2% and Govt WLA increased from 86.5% the previous month. ICI explains, "At the end of April, prime funds had a weighted average maturity (WAM) of 18 days and a weighted average life (WAL) of 45 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 17 days and a WAL of 59 days." Prime WAMs and WALs were both unchanged from the previous month. Govt WAMs were 1 day longer and WALs were 1 day shorter from March. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $437.12 billion in March to $404.07 billion in April. Government money market funds’ holdings attributable to the Americas declined from $4,116.94 billion in March to $4,079.75 billion in April." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $404.1 billion, or 53.0%; Asia and Pacific at $118.9 billion, or 15.6%; Europe at $227.9 billion, or 29.9%; and, Other (including Supranational) at $10.9 billion, or 1.5%. The Government Money Market Funds by Region of Issuer table shows Americas at $4.080 trillion, or 92.9%; Asia and Pacific at $85.0 billion, or 1.9%; Europe at $217.2 billion, 4.9%, and Other (Including Supranational) at $9.1 billion, or 0.2%.
