ICI MMF Portfolio Holdings Summary
ICI recently 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. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in June, prime money market funds held 42.7 percent of their portfolios in daily liquid assets and 60.3 percent in weekly liquid assets, while government money market funds held 73.6 percent of their portfolios in daily liquid assets and 85.8 percent in weekly liquid assets." Prime DLA was down from 45.6% in May, and Prime WLA was down from 62.5%. Govt MMFs' DLA rose from 73.5% and Govt WLA was down from 85.9% for the previous month. ICI explains, "At the end of June, prime funds had a weighted average maturity (WAM) of 39 days and a weighted average life (WAL) of 59 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 39 days and a WAL of 94 days." Prime WAMs and WALs were both down from the previous month, WAMs and WALs were both 2 days shorter. Govt WAMs and WALs were both down from the previous month, WAMs were 4 days shorter and WALs were 2 days shorter. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas rose from $767.99 billion in May to $774.10 billion in June. Government money market funds’ holdings attributable to the Americas rose from $5,967.89 billion in May to $6,034.19 billion in June." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $774.1 billion, or 63.1%; Asia and Pacific at $162.5 billion, or 13.2%; Europe at $275.3 billion, or 22.4%; and, Other (including Supranational) at $15.2 billion, or 1.3%. The Government Money Market Funds by Region of Issuer table shows Americas at $6.034 trillion, or 93.0%; Asia and Pacific at $127.5 or 2.0%; Europe at $305.1 billion, 4.7%, and Other (Including Supranational) at $20.3 billion, or 0.3%.
