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 July, prime money market funds held 45.9 percent of their portfolios in daily liquid assets and 62.0 percent in weekly liquid assets, while government money market funds held 74.8 percent of their portfolios in daily liquid assets and 86.7 percent in weekly liquid assets." Prime DLA was up from 42.7% in June, and Prime WLA was up from 60.3%. Govt MMFs' DLA rose from 73.6% and Govt WLA was up from 85.8% for the previous month. ICI explains, "At the end of July, prime funds had a weighted average maturity (WAM) of 38 days and a weighted average life (WAL) of 58 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 39 days and a WAL of 96 days." Prime WAMs and WALs were both down from the previous month, WAMs and WALs were both 1 day shorter. Govt WAMs were unchanged and WALs were up 2 days from the previous month. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas declined from $777.23 billion in June to $773.80 billion in July. Government money market funds’ holdings attributable to the Americas declined from $6,034.37 billion in June to $5,941.58 billion in July." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $773.8 billion, or 62.9%; Asia and Pacific at $171.9 billion, or 14.0%; Europe at $272.8 billion, or 22.2%; and, Other (including Supranational) at $11.4 billion, or 1.0%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.942 trillion, or 91.3%; Asia and Pacific at $137.7 or 2.1%; Europe at $410.7 billion, 6.3%, and Other (Including Supranational) at $20.6 billion, or 0.3%.
