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. This release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in April, prime money market funds held 45.3 percent of their portfolios in daily liquid assets and 60.7 percent in weekly liquid assets, while government money market funds held 77.9 percent of their portfolios in daily liquid assets and 87.9 percent in weekly liquid assets." Prime DLA was up from 41.1% in March, and Prime WLA was up from 59.5%. Govt MMFs' DLA was down from 78.6% and Govt WLA decreased from 88.1% the previous month. ICI explains, "At the end of April, prime funds had a weighted average maturity (WAM) of 31 days and a weighted average life (WAL) of 48 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 37 days and a WAL of 83 days." Prime WAMs were 5 days shorter and WALs were 4 days shorter from the previous month. Govt WAMs were 3 days shorter and WALs were 2 days shorter from March. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas declined from $545.08 billion in March to $510.99 billion in April. Government money market funds’ holdings attributable to the Americas declined from $4,446.73 billion in March to $4,319.26 billion in April." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $511.0 billion, or 50.8%; Asia and Pacific at $165.4 billion, or 16.4%; Europe at $317.1 billion, or 31.5%; and, Other (including Supranational) at $12.9 billion, or 1.3%. The Government Money Market Funds by Region of Issuer table shows Americas at $4.319 trillion, or 89.1%; Asia and Pacific at $134.6 billion, or 2.8%; Europe at $370.5 billion, 7.6%, and Other (Including Supranational) at $24.5 billion, or 0.5%.
