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Release: Money Market Fund Holdings

Money Market Fund Holdings
October 2022

Washington, DC, November 15, 2022— The Investment Company Institute (ICI) reports that, as of the final Friday in October, prime money market funds held 36.4 percent of their portfolios in daily liquid assets and 53.6 percent in weekly liquid assets, while government money market funds held 86.7 percent of their portfolios in daily liquid assets and 92.6 percent in weekly liquid assets.

At the end of October, prime funds had a weighted average maturity (WAM) of 9 days and a weighted average life (WAL) of 52 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 16 days and a WAL of 61 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

September 2022

October 2022

Regulatory minimum

Percentage of total assets

Daily liquid assets

38.6%

36.4%

10%

­Weekly liquid assets

52.1%

53.6%

30%

Weighted average maturity and
Weighted average life

September 2022

October 2022

Regulatory maximum

Number of days

Weighted average maturity

13

9

60

Weighted average life

55

52

120

 

 

Government money market funds

Liquid assets

September 2022

October 2022

Regulatory minimum

Percentage of total assets

Daily liquid assets

88.0%

86.7%

10%

Weekly liquid assets

93.2%

92.6%

30%

Weighted average maturity and
Weighted average life

September 2022

October 2022

Regulatory maximum

Number of days

Weighted average maturity

19

16

60

Weighted average life

63

61

120

Holdings by Region of Issuer

Prime money market funds’ holdings attributable to the Americas declined from $271.68 billion in September to $268.54 billion in October. Government money market funds’ holdings attributable to the Americas declined from $3,763.18 billion in September to $3,743.63 billion in October.

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 9/30/2022 10/31/2022  
Americas $271,676 51.3% $268,541 47.1%  
Asia and Pacific 102,432 19.3 116,450 20.4  
Europe 147,875 27.9 176,258 30.9  
Supranational 17 0.1 0 0.0  
Other 7,543 1.4 8,773 1.5  
Total $529,543 100.0% $570,022 100.0%  
   
Government money market funds  
Region 9/30/2022 10/31/2022  
Americas $3,763,184 95.4% $3,743,631 94.5%  
Asia and Pacific 68,268 1.7 73,338 1.9  
Europe 95,115 2.4 126,346 3.2  
Supranational 0 0.0 0 0.0  
Other 18,963 0.5 16,261 0.4  
Total $3,945,530 100.0% $3,959,576 100.0%  

*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.

If you have any questions or would like to request additional comments on this or data on another topic, please contact a member of ICI’s Media Relations team at 202-371-5413 or icipubcomm@ici.org.