Issued February 17, 2017

Agency decision

Ask Donna

What actually matters in this document.

Text

Money

Market Fund

Statistics

Data as of

January 31, 2017

Issued February 17, 2017

U.S. Securities and

Exchange Commission

Division of Investment

Management

This is a report of the Staff of the Division of Investment Management of the U.S. Securities

and Exchange Commission. The Commission has expressed no view regarding this report or

the information contained in it.

Page |2

Table of Contents

TOPIC

1/31/2017

Change

12/31/2016

Page

411

-2

413

3

Total Money Market Funds

$2,917.2

-$41.1

$2,958.3

4

Prime Funds

$562.1

$11.7

$550.4

Government & Treasury Funds

$2,219.7

-$53.8

$2,273.5

Tax Exempt Funds

$135.4

$0.9

$134.5

Prime Funds

0.91%

0.04%

0.87%

Government & Treasury Funds

0.60%

0.04%

0.56%

Tax Exempt Funds

0.72%

-0.05%

0.77%

Gross

0.91%

0.04%

0.87%

Net

0.67%

0.05%

0.62%

Expense Ratio

0.24%

-0.01%

0.25%

Prime Funds

60.4 days

-1.1 days

61.5 days

Government & Treasury Funds

96.2 days

0.1 days

96.1 days

Tax Exempt Funds

26.9 days

-1.6 days

28.5 days

Prime Funds

30.8 days

-0.5 days

31.3 days

Government & Treasury Funds

43.5 days

-2.1 days

45.6 days

Tax Exempt Funds

24.5 days

-1.9 days

26.4 days

Daily Liquidity

33.6%

-2.0%

35.6%

Weekly Liquidity

50.0%

-1.2%

51.2%

Number of Money Market Funds Reporting (Not Including Feeder Funds)

Assets (in billions)

7-Day Yields Gross

7-Day Yields Prime Funds

Weighted Average Life (WAL),

Weighted by Fund Assets

Weighted Average Maturity (WAM),

Weighted by Fund Assets

Liquidity of Prime Funds, As a

Percent of Total Amortized Cost

Prime Funds' Bank Holdings

Prime Funds' Portfolio Composition

(in billions)

Non-Government Securities

MMF Repo with the Fed (in billions)

Longer-Maturity Securities

5

6

7

8

9

Holdings by Country

10

Change in Holdings by Country

11

Holdings by Major Region

12

Certificates of Deposit

$232.3 (41.5%)

$40.8

$191.5 (35.1%)

$104.0 (18.6%)

-$0.5

$104.5 (19.2%)

$105.9 (18.9%)

-$32.2

$138.1 (25.3%)

Financial Co. Commercial Paper (CP)

$86.9 (15.5%)

$8.2

$78.7 (14.4%)

Asset Backed Commercial Paper (ABCP)

$31.3 (5.6%)

-$1.2

$32.5 (6.0%)

16.8%

$165.2

38.1%

6.9%

1.8%

-$238.2

0.7%

-

15.0%

$403.4

37.4%

6.9%

Non-Financial Co. Commercial Paper (CP)

& Other Short Term Instruments

Government & Treasury (Direct and Repo)

All Taxable Funds

60 Days and Over

180 Days and Over

13

14

15

16

Information presented in this report is based upon data reported by filers for the period ending January 31, 2017, except where

specifically noted that a chart incorporates staff judgments. The presented information does reflect data from amended filings submitted

after the required reporting deadline. Some calculations in the change column in the above table of contents and in the tables below

may not appear to total as expected due to rounding. If staff identifies data in this report that requires corrections, an amended report

will be published with the corrected information.

Page |3

Trend in Number of Money Market Funds

600

550

500

450

400

350

Does not include feeder funds

300

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Number of

Funds

544

543

542

542

539

537

531

523

521

518

516

502

497

496

490

473

466

464

453

443

433

420

415

413

411

Page |4

Millions

Trend in Money Market Fund Assets, by Type of Fund

Prime

Govt & Treas

Tax Exempt

Prime

$1,768,941

$1,780,289

$1,746,223

$1,704,160

$1,731,143

$1,706,487

$1,727,069

$1,749,739

$1,748,329

$1,790,928

$1,723,586

$1,572,045

$1,565,516

$1,586,685

$1,518,186

$1,470,199

$1,403,324

$1,278,835

$1,234,360

$1,033,094

$739,867

$562,381

$565,854

$550,357

$562,085

(Millions)

Govt & Treas

$1,019,407

$999,774

$996,224

$979,416

$983,871

$1,007,042

$1,023,972

$1,019,963

$1,022,731

$1,041,095

$1,099,809

$1,249,542

$1,242,416

$1,287,371

$1,311,754

$1,339,469

$1,391,993

$1,512,031

$1,589,074

$1,801,109

$2,069,321

$2,217,459

$2,273,710

$2,273,496

$2,219,739

Tax Exempt

$268,414

$268,181

$266,924

$252,164

$253,268

$250,954

$254,370

$256,591

$252,663

$253,986

$255,994

$263,850

$255,942

$248,437

$242,462

$223,440

$217,892

$201,606

$190,302

$159,116

$135,611

$134,973

$135,301

$134,470

$135,356

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Total

$3,056,762

$3,048,244

$3,009,372

$2,935,740

$2,968,283

$2,964,483

$3,005,411

$3,026,294

$3,023,724

$3,086,010

$3,079,388

$3,085,437

$3,063,874

$3,122,493

$3,072,401

$3,033,109

$3,013,209

$2,992,473

$3,013,735

$2,993,318

$2,944,800

$2,914,812

$2,974,864

$2,958,323

$2,917,180

Page |5

Trend in Weighted Average 7-Day Gross Yield, by Type of Fund

7-Day Gross Yield, Annualized

Wtd Avg Gross Prime

Wtd Avg Gross Govt & Treas

Wtd Avg Gross Tax Exempt

1.00%

0.90%

0.80%

0.70%

0.60%

0.50%

0.40%

0.30%

0.20%

0.10%

0.00%

1/31/2015

2/28/2015

3/31/2015

Wtd Avg Gross Prime

0.21%

0.21%

0.22%

Wtd Avg Gross Govt & Treas

0.09%

0.08%

0.10%

Wtd Avg Gross Tax Exempt

0.06%

0.06%

0.06%

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

0.22%

0.22%

0.23%

0.24%

0.25%

0.26%

0.26%

0.27%

0.41%

0.49%

0.53%

0.55%

0.55%

0.56%

0.57%

0.55%

0.57%

0.63%

0.71%

0.73%

0.87%

0.91%

0.10%

0.10%

0.10%

0.11%

0.12%

0.12%

0.12%

0.15%

0.28%

0.34%

0.37%

0.39%

0.39%

0.39%

0.43%

0.41%

0.41%

0.42%

0.42%

0.44%

0.56%

0.60%

0.12%

0.13%

0.10%

0.07%

0.07%

0.07%

0.07%

0.07%

0.07%

0.07%

0.08%

0.33%

0.41%

0.42%

0.46%

0.47%

0.60%

0.81%

0.69%

0.62%

0.77%

0.72%

Page |6

Trend in Prime MMF Weighted Average 7-Day Gross and Net Yield,

and Expense Ratio

7-Day Yield, Annualized

Wtd Avg Gross Prime

Wtd Avg Prime Expense Ratio

Wtd Avg Net Prime

1.00%

0.90%

0.80%

0.70%

0.60%

0.50%

0.40%

0.30%

0.20%

0.10%

0.00%

1/31/2015

2/28/2015

3/31/2015

Wtd Avg Gross Prime

0.21%

0.21%

0.22%

Wtd Avg Prime Expense Ratio

0.15%

0.15%

0.16%

Wtd Avg Net Prime

0.05%

0.06%

0.06%

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

0.22%

0.22%

0.23%

0.24%

0.25%

0.26%

0.26%

0.27%

0.41%

0.49%

0.53%

0.55%

0.55%

0.56%

0.57%

0.55%

0.57%

0.63%

0.71%

0.73%

0.87%

0.91%

0.16%

0.16%

0.16%

0.16%

0.17%

0.17%

0.16%

0.17%

0.19%

0.20%

0.21%

0.21%

0.21%

0.22%

0.22%

0.21%

0.22%

0.23%

0.24%

0.23%

0.25%

0.24%

0.06%

0.07%

0.07%

0.08%

0.08%

0.09%

0.09%

0.11%

0.22%

0.29%

0.32%

0.34%

0.34%

0.34%

0.36%

0.34%

0.35%

0.40%

0.48%

0.49%

0.62%

0.67%

Page |7

Trend in WAL, Weighted by Fund Assets, by Type of Fund

Prime Funds

Govt & Treas Funds

Tax Exempt Funds

120

100

Days

80

60

40

20

0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Prime Funds

77.8

77.5

77.5

76.3

74.4

72.9

72.6

67.7

67.0

70.1

66.7

57.6

60.0

58.5

55.5

51.7

46.8

45.1

39.8

36.5

42.9

58.7

62.3

61.5

60.4

(Days)

Govt & Treas Funds

79.7

80.1

81.9

82.2

78.2

75.4

76.8

78.4

82.8

88.8

84.5

85.2

88.9

92.6

95.5

95.1

95.0

99.2

98.8

98.2

94.6

94.5

94.6

96.1

96.2

Tax Exempt Funds

34.0

32.4

32.1

30.8

28.3

33.6

34.3

33.6

34.0

34.3

31.7

29.4

28.1

26.4

27.4

23.4

21.1

25.3

26.7

29.0

27.5

25.9

27.2

28.5

26.9

Page |8

Trend in WAM, Weighted by Fund Assets, by Type of Fund

Days

Govt & Treas Funds

Prime Funds

Tax Exempt Funds

50

45

40

35

30

25

20

15

10

5

0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Prime Funds

43.5

43.4

41.6

39.6

38.5

36.8

36.6

32.3

32.0

35.8

32.8

30.6

34.5

35.2

35.1

33.4

30.5

29.0

24.8

21.8

25.8

35.2

34.6

31.3

30.8

(Days)

Govt & Treas Funds

43.7

42.9

44.2

42.8

40.9

39.5

40.6

38.6

38.0

40.4

38.3

40.3

39.4

41.5

41.9

40.8

39.0

40.7

40.5

41.2

42.2

43.1

43.3

45.6

43.5

Tax Exempt Funds

33.0

31.1

30.6

29.1

26.7

31.6

32.2

31.2

31.8

32.1

29.2

27.4

26.1

23.8

23.4

21.2

18.4

23.3

24.9

26.6

24.9

23.7

24.9

26.4

24.5

Page |9

Trend in Daily and Weekly Liquidity of Prime Money Market Funds

Percent Total Prime Security Value

Total Weekly Liquidity

Total Daily Liquidity

75%

65%

55%

45%

35%

25%

15%

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Total Daily

Liquidity

25.7%

26.0%

25.1%

24.6%

25.7%

26.2%

26.4%

27.7%

24.3%

27.5%

30.1%

32.3%

27.9%

30.7%

31.0%

32.5%

32.5%

30.5%

34.6%

38.6%

43.0%

36.4%

32.1%

35.6%

33.6%

Total Weekly

Liquidity

40.3%

39.6%

38.8%

39.8%

39.8%

41.0%

39.9%

41.5%

42.2%

41.7%

43.0%

45.3%

42.6%

42.9%

44.7%

45.7%

47.9%

48.8%

53.6%

62.2%

63.0%

52.5%

51.1%

51.2%

50.0%

P a g e | 10

Millions

Prime MMF Holdings of Bank Related Securities, by Country,

January 2017

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

$0

Country

Canada

US

France

Japan

Sweden

Aust/NZ

Germany

UK

Netherlands

Switzerland

Belgium

Norway

Singapore

Other

China

Spain

Grand Total

Prime MMF (Millions)

$64,246

$58,027

$55,054

$43,610

$38,868

$33,000

$25,345

$24,091

$16,778

$11,769

$8,915

$7,928

$6,610

$3,269

$2,425

$1,005

$400,943

SEC staff had to make judgments in some limited cases as to whether certain securities held in prime money market funds were

issued by a specific bank. The banks were then grouped by country based on location of their global headquarters. In general, the

calculations include Asset Backed CP sponsored by a bank and all repos with that bank as counterparty. If identifiable with a specific

bank, money market tranches of ABS are included in the calculation. Securities guaranteed, but not issued by, bank-related entities

are not included.

P a g e | 11

Change in Prime MMF Bank Related Securities, by Country,

December 2016 to January 2017

Millions

$20,000

$15,000

$10,000

$5,000

$-$5,000

-$10,000

Country

Sweden

France

UK

Belgium

Germany

Netherlands

Norway

Switzerland

Other

China

Spain

Singapore

US

Japan

Aust/NZ

Canada

Change (Millions)

$15,471

$13,405

$10,511

$5,966

$5,477

$4,428

$3,152

$482

$261

$236

$187

$157

-$477

-$1,153

-$1,540

-$6,326

SEC staff had to make judgments in some limited cases as to whether certain securities held in prime money market funds were

issued by a specific bank. The banks were then grouped by country based on location of their global headquarters. In general, the

calculations include Asset Backed CP sponsored by a bank and all repos with that bank as counterparty. If identifiable with a specific

bank, money market tranches of ABS are included in the calculation. Securities guaranteed, but not issued by, bank-related entities

are not included.

P a g e | 12

Trend in Prime MMF Holdings of Bank Related Securities by Major Region

Millions

Europe

Eurozone

Americas

Asia_Pacific

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Europe

$626,255

$626,683

$468,103

$586,490

$598,836

$436,893

$597,194

$607,487

$425,643

$586,639

$549,831

$339,225

$564,923

$584,937

$454,696

$571,371

$545,708

$391,986

$478,183

$414,665

$218,682

$189,513

$189,359

$132,221

$191,920

(Millions)

Eurozone

$315,503

$315,451

$248,768

$286,551

$287,718

$219,682

$300,041

$306,772

$226,840

$302,055

$284,337

$186,618

$291,871

$304,889

$242,342

$297,202

$281,622

$202,039

$256,238

$227,798

$110,519

$102,615

$108,089

$78,415

$107,601

Americas

$407,167

$404,817

$405,484

$404,892

$405,107

$410,292

$429,735

$428,203

$392,801

$377,774

$390,909

$373,179

$361,687

$374,941

$343,981

$312,756

$292,670

$282,694

$241,710

$201,494

$154,312

$112,168

$113,771

$129,778

$122,868

Asia Pacific

$303,528

$312,152

$301,992

$290,789

$298,475

$307,195

$297,824

$288,633

$279,030

$294,191

$285,591

$279,261

$272,201

$262,077

$257,902

$255,496

$250,898

$241,802

$219,437

$161,803

$98,569

$84,255

$80,532

$88,706

$86,155

Euro-zone is a subset of Europe and Euro-zone values are also included in totals for Europe.

SEC staff had to make judgments in some limited cases as to whether certain securities held in prime money market funds were

issued by a specific bank. The banks were then grouped by country based on location of their global headquarters. In general, the

calculations include Asset Backed CP sponsored by a bank and all repos with that bank as counterparty. If identifiable with a specific

bank, money market tranches of ABS are included in the calculation. Securities guaranteed, but not issued by, bank-related entities

are not included.

P a g e | 13

Trend in Prime MMF Portfolio Composition

Millions

CD

Govt (Direct & Repo)

ABCP

Non-Financial CP and Other Short Term Securities

Financial Co. CP

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016*

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

CD

$611,275

$610,002

$565,628

$564,264

$576,506

$540,883

$572,594

$573,424

$518,770

$536,390

$508,976

$448,039

$502,491

$509,330

$470,149

$633,856

$610,881

$493,649

$528,712

$458,565

$260,280

$212,463

$211,101

$191,495

$232,349

Non-Financial CP

and Other Short

Term Securities

$425,141

$445,535

$338,371

$439,606

$452,667

$357,401

$459,559

$461,532

$318,150

$423,476

$408,991

$284,518

$393,273

$413,816

$301,876

$214,119

$211,359

$188,373

$177,183

$159,002

$129,102

$106,548

$112,738

$104,516

$104,006

(Millions)

Govt

(Direct &

Repo)

$371,869

$356,369

$495,605

$350,540

$344,860

$451,851

$338,105

$366,240

$567,599

$482,490

$475,131

$511,341

$338,219

$338,413

$409,466

$296,958

$283,012

$315,884

$276,786

$220,096

$222,935

$125,909

$125,233

$138,081

$105,944

Financial Co.

CP

$264,084

$269,795

$241,224

$258,376

$259,069

$244,854

$261,556

$252,335

$231,523

$244,734

$232,774

$212,028

$233,403

$229,720

$223,813

$228,874

$219,174

$191,981

$179,301

$141,475

$86,118

$86,686

$86,079

$78,677

$86,938

ABCP

$98,207

$93,218

$96,541

$90,277

$91,551

$92,747

$95,776

$99,382

$98,308

$97,867

$98,101

$100,001

$97,175

$99,442

$99,407

$93,903

$88,388

$82,300

$70,826

$50,509

$32,234

$31,214

$32,613

$32,515

$31,280

Total

Market Value

$1,770,575

$1,774,919

$1,737,369

$1,703,063

$1,724,653

$1,687,736

$1,727,591

$1,752,914

$1,734,350

$1,784,957

$1,723,973

$1,555,928

$1,564,562

$1,590,720

$1,504,711

$1,467,709

$1,412,814

$1,272,187

$1,232,809

$1,029,647

$730,669

$562,821

$567,763

$545,285

$560,516

*Revisions to Form N-MFP, effective for April 2016, made certain changes to the classification of portfolio securities; the staff

grouped data reported under the new classifications into the summary categories contained in these charts. Because of the

classification changes, however, the types of securities included in the categories beginning in April 2016 may differ somewhat from

prior periods.

P a g e | 14

Proportion of Non-Government Securities in all Taxable Funds, Security Value

60%

50%

40%

30%

20%

10%

0%

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Proportion of Non-Government Securities in

all Taxable Funds, Security Value

50.5%

51.5%

45.3%

50.7%

51.4%

45.9%

50.8%

49.8%

42.4%

46.3%

44.3%

37.4%

44.0%

43.5%

39.0%

42.3%

40.5%

34.9%

34.6%

28.5%

18.7%

16.2%

15.8%

15.0%

16.8%

P a g e | 15

All MMF Repo with Federal Reserve

Billions

$450

$400

$350

$300

$250

$200

$150

$100

$50

$0

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

All MMF Total

Federal Reserve

Repo (Billions)

$173.2

$184.4

$345.3

$121.2

$148.6

$372.2

$129.4

$143.9

$414.4

$188.4

$133.9

$424.0

$104.0

$79.4

$267.7

$60.0

$90.9

$242.8

$84.8

$149.9

$384.3

$198.1

$177.3

$403.4

$165.2

P a g e | 16

Trend in Longer-Maturity Securities in Prime MMFs

Percent of Total Security Value

Maturities 60 days and over

Maturities 180 days and over

50%

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

1/31/2015

2/28/2015

3/31/2015

4/30/2015

5/31/2015

6/30/2015

7/31/2015

8/31/2015

9/30/2015

10/31/2015

11/30/2015

12/31/2015

1/31/2016

2/29/2016

3/31/2016

4/30/2016

5/31/2016

6/30/2016

7/31/2016

8/31/2016

9/30/2016

10/31/2016

11/30/2016

12/31/2016

1/31/2017

Maturities 60 days and over

42.4%

44.0%

44.0%

42.2%

40.7%

41.7%

41.4%

36.9%

38.3%

42.6%

40.9%

35.4%

37.3%

37.6%

37.2%

32.4%

28.8%

26.0%

21.1%

20.9%

24.9%

38.3%

38.2%

37.4%

38.1%

Maturities 180 days and over

11.6%

11.6%

11.4%

11.2%

10.0%

10.6%

10.9%

9.6%

8.8%

8.6%

7.5%

5.2%

5.2%

4.7%

4.6%

4.5%

3.5%

3.6%

3.5%

3.0%

3.6%

6.2%

6.2%

6.9%

6.9%

P a g e | 17

If you have any questions or comments about Money

Market Fund Statistics, please contact Sharon Pichler

and Isaac Kuznits, in the Risk and Examinations Office

(REO) of the Division of Investment Management, at

Form-NMFP@sec.gov.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

A word about cookies

We need a few to keep you signed in and the library working. The rest help us see which pages people use and where they get stuck. They stay off unless you say yes.