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Release: Money Market Fund Holdings

Money Market Fund Holdings
May 2022

Washington, DC, June 15, 2022— The Investment Company Institute (ICI) reports that, as of the final Friday in May, prime money market funds held 32.8 percent of their portfolios in daily liquid assets and 49.4 percent in weekly liquid assets, while government money market funds held 86.0 percent of their portfolios in daily liquid assets and 93.0 percent in weekly liquid assets.

At the end of May, prime funds had a weighted average maturity (WAM) of 16 days and a weighted average life (WAL) of 57 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 29 days and a WAL of 74 days.

Prime and Government Money Market Funds’ Liquid Assets as of the Final Friday of the Month, Weighted Average Maturities and Weighted Average Lives

 

Prime money market funds

Liquid assets

April 2022

May 2022

Regulatory minimum

Percentage of total assets

Daily liquid assets

30.4%

32.8%

10%

­Weekly liquid assets

50.8%

49.4%

30%

Weighted average maturity and
Weighted average life

April 2022

May 2022

Regulatory maximum

Number of days

Weighted average maturity

19

16

60

Weighted average life

57

57

120

 

 

Government money market funds

Liquid assets

April 2022

May 2022

Regulatory minimum

Percentage of total assets

Daily liquid assets

87.7%

86.0%

10%

Weekly liquid assets

94.6%

93.0%

30%

Weighted average maturity and
Weighted average life

April 2022

May 2022

Regulatory maximum

Number of days

Weighted average maturity

29

29

60

Weighted average life

74

74

120

Holdings by Region of Issuer

Prime money market funds’ holdings attributable to the Americas rose from $150.60 billion in April to $165.23 billion in May. Government money market funds’ holdings attributable to the Americas declined from $3,694.66 billion in April to $3,678.54 billion in May.

Prime and Government Money Market Funds’ Holdings, by Region of Issuer*
Millions of dollars and as a percentage of portfolio securities

Prime money market funds

     

 

 

Region

4/30/2022

5/31/2022

 

Americas

$150,602

36.8%

$165,232

39.0%

 

Asia and Pacific

79,729

              19.5

82,593

                 19.5

 

Europe

175,140

              42.8

171,712

                 40.5

 

Supranational

15

                0.1

9

                   0.1

 

Other

3,878

                0.9

4,196

                   1.0

 

Total

$409,364

100.0%

$423,742

100.0%

 

 

 

 

 

Government money market funds 

     

 

 

Region

4/30/2022

5/31/2022

 

Americas

$3,694,655

92.0%

$3,678,543

92.8%

 

Asia and Pacific

106,949

               2.7

99,728

                2.5

 

Europe

198,131

             4.9

168,532

              4.3

 

Supranational

0

0.0

0

0.0

 

Other

16,468

               0.4

17,965

                0.5

 

Total

$4,016,204

100.0%

$3,964,769

100.0%

 

                           

*The region of the issuer is defined by location of the parent firm headquarters. Percentages are calculated by adding up the value of all securities of the indicated type by the region of the security’s issuer and dividing that amount by the total value of all securities of the indicated type. The other category consists of unclassified securities and countries with less than 0.25 percent of asset exposure.

More Information About the Data

Each month, ICI reports numbers based on the Securities and Exchange Commission’s Form N-MFP data. The report includes all money market funds registered under the Securities Act of 1933 and the Investment Company Act of 1940, that are publicly offered. All master funds are excluded, but feeders are apportioned from the corresponding master and included in the report.

More detailed data are available in the report, and historical reports are also available.