Division of Investment Management

Division of Investment Management

Analytics Office

Registered Fund Statistics

Form N-PORT Data, period ending June 2024

This is a report of the Staff of the Division of Investment Management’s Analytics Office of the U.S.

Securities and Exchange Commission. The Commission has expressed no view regarding the analysis,

findings, or conclusions contained herein.

Information presented in this report reflects staff’s compilation and analysis of data reported to

the Commission on Form N-PORT, certain other filings (e.g., Form N-CEN), and supplemental

third-party data. The presented information does not reflect any filings or amended filings

submitted after November 06, 2024.

November 6, 2024

Analytics Office

Introduction

This report provides statistics and trends for SEC-registered investment companies that file

reports of portfolio holdings on Form N-PORT each month, reflecting data collected through Form

N-CEN and Form N-PORT filings received through November 06, 2024 for reporting periods from

March 2019 through June 2024. The table below provides information on investment companies

which are required to file on Form N-PORT and are captured in this report.

Fund Type

Mutual Funds registered on Form N-1A (excluding money market funds)

Exchange-Traded Funds (ETFs) registered on

Form N-1A, or as a unit investment trust on

Form N-8B-2

Closed-End Funds registered on Form N-2 as a

management investment company (including interval funds and non-traded funds registered on

Form N-2)

Seperate accounts offering variable annuity contracts on Form N-3

Business Development Companies (BDCs)

Money Market Funds regulated under rule 2a-7

Small business investment companies registered

on Form N-5

Unit Investment Trusts registered on Form N-4

or N-6

Unit Investment Trusts registered on Forms S-6

and N-8B-2 (excluding ETFs)

Required to File Form N-PORT?

Yes

No

X

X

X

X

X

X

X

X

X

Please see the Division of Investment Management’s “Money Market Fund Statistics” report on

SEC.gov for information and statistics relating to money market funds reporting on Form N-MFP.

The Commission began receiving Form N-PORT filings from Large Entities — funds that

together with other investment companies in the same group of related investment companies have

net assets of $1 billion or more — for the March 2019 reporting period. A full data set, including

information from non-Large Entities, was not collected until the March 2020 reporting period.

Please see the Appendix to this report for definitions of capitalized terms and other technical

descriptions including explanation of consensus categories, prevalent asset classes, and techniques

used to minimize the effects of outliers.

Filers may file amendments to current or historical Form N-PORT filings at any time. This

report utilizes the most recently reported data for each fund for a given report period, based on

Form N-PORT filings received through November 06, 2024.

1

November 6, 2024

Analytics Office

Funds must file reports on Form N-PORT with the Commission for each month in the fiscal

quarter not later than 60 days after the end of that fiscal quarter. A complete picture of registered

fund exposures for a given calendar quarter is therefore not available to Commission Staff until

approximately four months following the end of that period. As noted on Form N-PORT, the

Commission does not intend to make public information reported on Form N-PORT for the first and

second month of each fund’s fiscal quarter and certain other information that is identifiable to any

particular fund or adviser. Accordingly, statistics involving non-public Form N-PORT data provided

in this report are anonymized, and are aggregated, rounded, and/or masked. Masked data in this

report is denoted by “***”.

Commission Staff works with the reported information and with filers to identify and

correct filing errors and employs certain methodologies and assumptions in aggregating

the data. Commission Staff updates reported statistics from time to time to reflect

corrected and amended filings and any adjustments to methodologies and assumptions,

which may result in changes to previously reported statistics. A downloadable Excel

file published alongside this report provides the most recently updated historical data

and includes methodological notes and assumptions, including a description of significant

changes.

If you have any questions or comments about Registered Fund Statistics (June

2024), please contact: Tim Dulaney, PhD, Juan Carlos Forero Penaranda, or Trevor Tatum with

subject line “Registered Fund Statistics (June 2024)”.

2

November 6, 2024

Analytics Office

Contents

1 Number of Funds

4

2 Total Fund Assets

5

3 Flows and Returns

9

4 Fund Portfolio Investments by Category

12

5 Fund Portfolio Investments by Currency

24

6 Fund Portfolio Investments by Country

25

7 Fund Derivative Investments

27

8 Liquidity Classifications

31

9 Fair Value Levels

35

10 Interest Rate Risk

41

11 Securities Lending

43

12 Borrowing

47

13 Appendices

48

3

November 6, 2024

1

Analytics Office

Number of Funds1

Table 1.1: Number of Funds, by Fund Type and Prevalent Asset Class

This table includes fund of funds. “Fund of fund” is defined in the appendix.

Fund Type

Mutual Fund

ETF

Closed-End Fund

Total

Prevalent Asset Class

US Equity

Multi-Asset

Taxable Bond

Global Equity

Municipal Bond

Subtotal

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

Taxable Bond

Multi-Asset

Municipal Bond

US Equity

Global Equity

Subtotal

Total

Jul

2023

2,989

2,187

1,812

1,404

551

8,943

1,279

612

689

351

77

3,008

206

182

116

92

52

648

12,599

Aug

2023

2,985

2,168

1,808

1,404

548

8,913

1,302

618

691

348

78

3,037

202

183

118

91

52

646

12,596

Sep

2023

2,995

2,155

1,804

1,406

544

8,904

1,321

642

696

353

80

3,092

201

192

118

88

52

651

12,647

Oct

2023

2,959

2,134

1,791

1,402

543

8,829

1,329

661

688

367

81

3,126

201

189

115

89

52

646

12,601

Nov

2023

2,940

2,107

1,786

1,401

543

8,777

1,359

675

690

364

82

3,170

199

189

115

89

52

644

12,591

Dec

2023

2,936

2,096

1,776

1,397

542

8,747

1,379

683

700

360

84

3,206

197

192

115

89

52

645

12,598

Jan

2024

2,940

2,096

1,838

1,391

541

8,806

1,392

703

693

374

86

3,248

198

188

115

91

52

644

12,698

Feb

2024

2,935

2,057

1,825

1,384

543

8,744

1,399

713

679

361

86

3,238

200

188

115

90

54

647

12,629

Mar

2024

2,941

2,048

1,825

1,377

541

8,732

1,427

715

679

360

87

3,268

199

194

116

92

54

655

12,655

Apr

2024

2,937

2,046

1,817

1,360

542

8,702

1,447

717

678

367

87

3,296

200

194

116

91

53

654

12,652

May

2024

2,933

2,038

1,816

1,357

541

8,685

1,473

722

683

375

89

3,342

202

177

117

88

53

637

12,664

Jun

2024

2,930

2,020

1,784

1,354

540

8,628

1,492

740

686

379

92

3,389

205

201

117

90

49

662

12,679

Table 1.2: Number of Index and Non-Index Funds, by Prevalent Asset

Class

This table includes fund of funds. “Fund of fund” is defined in the appendix. Index fund

indication drawn from Form N-CEN, Item C.3.

Fund Type

Non-Index

Index

Total

Prevalent Asset Class

US Equity

Multi-Asset

Taxable Bond

Global Equity

Municipal Bond

Subtotal

US Equity

Global Equity

Taxable Bond

Multi-Asset

Municipal Bond

Subtotal

Total

Jul

2023

3,238

2,475

2,141

1,496

701

10,051

1,122

649

489

245

43

2,548

12,599

Aug

2023

3,250

2,459

2,139

1,495

701

10,044

1,128

652

489

240

43

2,552

12,596

Sep

2023

3,266

2,467

2,149

1,501

699

10,082

1,138

653

498

233

43

2,565

12,647

Oct

2023

3,243

2,454

2,154

1,498

696

10,045

1,134

644

499

236

43

2,556

12,601

Nov

2023

3,261

2,429

2,161

1,502

698

10,051

1,127

641

499

231

42

2,540

12,591

Dec

2023

3,285

2,421

2,163

1,510

699

10,078

1,119

639

493

227

42

2,520

12,598

Jan

2024

3,305

2,426

2,244

1,510

700

10,185

1,118

626

495

232

42

2,513

12,698

Feb

2024

3,306

2,388

2,242

1,503

702

10,141

1,118

614

496

218

42

2,488

12,629

Mar

2024

3,333

2,389

2,244

1,499

702

10,167

1,127

611

495

213

42

2,488

12,655

Apr

2024

3,343

2,393

2,240

1,483

703

10,162

1,132

608

494

214

42

2,490

12,652

May

2024

3,366

2,366

2,255

1,485

705

10,177

1,128

608

485

224

42

2,487

12,664

Jun

2024

3,378

2,380

2,244

1,484

707

10,193

1,134

605

485

220

42

2,486

12,679

1

“Mutual Funds” exclude ETFs. “Closed-End Funds” include interval funds and non-traded funds registered on Form

N-2. Please see Appendix 13.5 for definitions of other capitalized terms used in this report.

4

November 6, 2024

2

Analytics Office

Total Fund Assets2

Table 2.1: Aggregate Total Assets ($Billions), by Fund Type and

Prevalent Asset Class

This table excludes fund of funds and removes any observations with non-positive total assets (Form

N-PORT, Item B.1.a). Because funds can invest a limited amount in other funds without being

considered a fund of fund, there is some limited amount of double-counting of assets.

Fund Type

Mutual Fund

ETF

Closed-End Fund

Total

Prevalent Asset Class

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

US Equity

Taxable Bond

Global Equity

Municipal Bond

Multi-Asset

Subtotal

Taxable Bond

Multi-Asset

US Equity

Municipal Bond

Global Equity

Subtotal

Total

Jul

2023

10,069

4,047

3,168

1,604

776

19,663

4,775

1,379

1,278

111

83

7,627

123

88

91

86

27

415

27,705

Aug

2023

9,824

4,040

3,051

1,557

765

19,236

4,673

1,370

1,223

111

83

7,461

125

89

86

85

26

412

27,109

Sep

2023

9,334

3,986

2,932

1,498

740

18,490

4,475

1,356

1,182

109

71

7,193

125

89

82

82

25

404

26,087

Oct

2023

9,036

3,910

2,818

1,471

722

17,956

4,369

1,350

1,136

111

56

7,022

125

88

80

80

24

397

25,375

Nov

2023

9,817

4,052

3,049

1,543

753

19,214

4,846

1,414

1,235

121

63

7,679

129

92

86

85

26

417

27,309

Dec

2023

10,293

4,123

3,174

1,579

765

19,934

5,187

1,458

1,294

125

68

8,131

132

97

85

86

26

427

28,491

Jan

2024

10,364

4,175

3,134

1,602

775

20,049

5,227

1,493

1,274

124

66

8,184

134

95

86

86

26

428

28,661

Feb

2024

10,901

4,158

3,244

1,612

779

20,694

5,526

1,490

1,316

123

76

8,531

137

97

91

86

26

438

29,662

Mar

2024

11,221

4,238

3,341

1,643

784

21,228

5,766

1,509

1,368

125

76

8,844

139

100

94

86

27

447

30,518

Apr

2024

10,672

4,182

3,236

1,596

774

20,461

5,505

1,492

1,343

124

72

8,536

141

101

89

85

26

443

29,440

May

2024

11,102

4,258

3,452

1,515

776

21,103

5,811

1,527

1,406

124

75

8,943

142

101

91

86

27

448

30,493

Jun

2024

11,364

4,252

3,433

1,521

789

21,359

6,003

1,553

1,389

127

81

9,153

145

106

92

87

27

456

30,968

Table 2.2: Aggregate Index Fund and Non-Index Fund Total Assets

($Billions), by Prevalent Asset Class

This table excludes fund of funds and removes any observations with non-positive total assets (Form

N-PORT, Item B.1.a). Index fund indication drawn from Form N-CEN, Item C.3. Because funds can invest

a limited amount in other funds without being considered a fund of fund, there is some limited

amount of double-counting of assets.

Fund Type

Non-Index

Index

Total

Prevalent Asset Class

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

Total

Jul

2023

6,296

3,384

2,519

1,643

872

14,715

8,638

2,165

1,954

131

102

12,991

27,705

Aug

2023

6,134

3,379

2,429

1,598

861

14,400

8,450

2,156

1,871

131

101

12,709

27,109

Sep

2023

5,829

3,354

2,329

1,542

832

13,885

8,062

2,114

1,811

116

99

12,202

26,087

Oct

2023

5,633

3,298

2,239

1,514

812

13,496

7,852

2,086

1,739

101

101

11,879

25,375

Nov

2023

6,123

3,407

2,423

1,586

849

14,389

8,626

2,187

1,887

111

109

12,920

27,309

Dec

2023

6,403

3,453

2,519

1,626

864

14,865

9,162

2,259

1,975

119

112

13,626

28,491

Jan

2024

6,449

3,507

2,492

1,647

874

14,969

9,228

2,295

1,941

116

111

13,692

28,661

Feb

2024

6,786

3,502

2,575

1,658

878

15,400

9,732

2,282

2,011

127

110

14,262

29,662

Mar

2024

6,990

3,569

2,651

1,692

884

15,786

10,092

2,317

2,084

128

111

14,732

30,518

Apr

2024

6,639

3,538

2,570

1,648

874

15,269

9,627

2,277

2,036

121

110

14,171

29,440

May

2024

6,890

3,609

2,764

1,565

877

15,705

10,113

2,318

2,121

125

110

14,788

30,493

Jun

2024

7,046

3,602

2,749

1,577

891

15,865

10,413

2,348

2,100

130

112

15,103

30,968

2

As of June 2024, there are 13 N-3 funds reporting an aggregate $260.77 billion in net assets (roughly 1.04% of aggregate

mutual fund net assets). Additionally, there are 95 Interval funds registered on Form N-2 reporting an aggregate $85.46

billion in net assets (roughly 21.45% of aggregate closed-end fund net assets).

5

November 6, 2024

Analytics Office

Table 2.3: Aggregate Net Assets ($Billions), by Fund Type and

Prevalent Asset Class

This table excludes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c). Because funds can invest a limited amount in other funds without being

considered a fund of fund, there is some limited amount of double-counting of assets.

Fund Type

Mutual Fund

ETF

Closed-End Fund

Total

Prevalent Asset Class

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

US Equity

Taxable Bond

Global Equity

Municipal Bond

Multi-Asset

Subtotal

Taxable Bond

Multi-Asset

US Equity

Municipal Bond

Global Equity

Subtotal

Total

Jul

2023

9,967

3,747

3,131

1,505

755

19,106

4,701

1,302

1,249

110

76

7,439

89

76

77

56

24

322

26,867

Aug

2023

9,732

3,735

3,012

1,465

745

18,688

4,605

1,296

1,194

110

77

7,282

90

77

73

55

23

318

26,288

Sep

2023

9,241

3,653

2,888

1,407

720

17,909

4,400

1,280

1,153

109

66

7,007

90

77

69

52

22

310

25,226

Oct

2023

8,946

3,587

2,781

1,373

700

17,388

4,302

1,276

1,108

110

52

6,848

89

76

67

50

21

304

24,540

Nov

2023

9,721

3,714

3,011

1,448

735

18,629

4,768

1,337

1,207

120

59

7,492

92

80

72

56

22

322

26,442

Dec

2023

10,199

3,819

3,138

1,499

749

19,405

5,110

1,385

1,267

124

64

7,949

94

84

72

58

23

331

27,685

Jan

2024

10,266

3,840

3,093

1,503

755

19,457

5,155

1,404

1,247

123

62

7,990

97

83

74

57

22

334

27,781

Feb

2024

10,802

3,843

3,201

1,523

761

20,130

5,447

1,399

1,287

123

70

8,326

98

84

77

57

23

339

28,796

Mar

2024

11,124

3,892

3,288

1,553

764

20,620

5,681

1,423

1,336

124

71

8,634

100

86

79

57

23

346

29,601

Apr

2024

10,583

3,829

3,186

1,497

754

19,850

5,433

1,407

1,313

123

67

8,343

101

87

76

56

23

343

28,535

May

2024

11,019

3,892

3,408

1,425

755

20,499

5,739

1,447

1,373

123

70

8,752

103

87

78

56

24

349

29,600

Jun

2024

11,269

3,917

3,387

1,435

768

20,777

5,911

1,476

1,358

126

75

8,946

105

92

78

57

23

355

30,078

Table 2.4: Aggregate Index Fund and Non-Index Fund Net Assets

($Billions)

This table excludes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c). Index fund indication drawn from Form N-CEN, Item C.3. Because funds can invest

a limited amount in other funds without being considered a fund of fund, there is some limited

amount of double-counting of assets.

Fund Type

Non-Index

Index

Total

Prevalent Asset Class

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

US Equity

Taxable Bond

Global Equity

Multi-Asset

Municipal Bond

Subtotal

Total

Jul

2023

6,203

3,051

2,486

1,533

821

14,094

8,542

2,088

1,918

125

101

12,773

26,867

Aug

2023

6,050

3,041

2,394

1,494

810

13,789

8,361

2,079

1,834

125

100

12,499

26,288

Sep

2023

5,744

2,983

2,291

1,439

782

13,239

7,966

2,040

1,771

111

98

11,987

25,226

Oct

2023

5,552

2,936

2,206

1,405

761

12,860

7,763

2,017

1,704

97

100

11,680

24,540

6

Nov

2023

6,032

3,034

2,388

1,480

802

13,736

8,529

2,110

1,851

107

109

12,707

26,442

Dec

2023

6,316

3,110

2,488

1,533

819

14,266

9,064

2,189

1,940

114

112

13,419

27,685

Jan

2024

6,356

3,131

2,454

1,536

825

14,303

9,138

2,209

1,908

112

110

13,478

27,781

Feb

2024

6,689

3,142

2,537

1,556

831

14,756

9,637

2,198

1,974

121

110

14,040

28,796

Mar

2024

6,891

3,179

2,607

1,588

834

15,099

9,993

2,236

2,040

123

110

14,502

29,601

Apr

2024

6,550

3,142

2,526

1,536

824

14,577

9,542

2,195

1,996

115

109

13,958

28,535

May

2024

6,804

3,197

2,724

1,462

826

15,012

10,032

2,245

2,081

121

109

14,588

29,600

Jun

2024

6,949

3,220

2,709

1,477

840

15,195

10,310

2,278

2,059

125

111

14,883

30,078

November 6, 2024

Analytics Office

Table 2.5: Aggregate Net Assets ($Billions), by Fund Type and Bucketed

by Net Assets

This table excludes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c). See the appendix for a review of interval notation used here.

Fund Size

$10 billion or more

[$500 million,$10 billion)

[$50 million,$500 million)

($0,$50 million)

Total

Fund Type

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Total

Jul

2023

12,249

***

***

17,837

6,236

1,669

218

8,123

595

190

76

862

26

18

1

45

26,867

Aug

2023

11,969

***

***

17,410

6,089

1,658

211

7,959

603

192

78

874

26

19

1

46

26,288

Sep

2023

11,370

5,188

28

16,586

5,906

1,609

201

7,716

607

190

79

876

27

19

1

48

25,226

Oct

2023

10,975

***

***

16,053

5,777

1,584

197

7,558

610

195

77

882

27

20

1

47

24,540

Nov

2023

12,023

***

***

17,647

5,979

1,685

214

7,878

601

192

78

871

26

20

1

47

26,442

Dec

2023

12,678

5,998

30

18,706

6,105

1,729

224

8,058

597

201

76

875

25

20

1

46

27,685

Jan

2024

12,769

***

***

18,817

6,068

1,747

226

8,041

595

206

76

877

25

20

1

46

27,781

Feb

2024

13,331

***

***

19,701

6,180

1,759

230

8,169

594

210

77

881

25

19

1

45

28,796

Mar

2024

13,777

6,625

33

20,434

6,229

1,776

236

8,241

589

215

77

881

24

19

1

45

29,601

Apr

2024

13,113

***

***

19,455

6,129

1,801

229

8,160

583

213

78

874

25

19

1

45

28,535

May

2024

13,780

***

***

20,499

6,115

1,830

237

8,181

581

219

76

875

24

19

1

44

29,600

Jun

2024

14,034

6,872

36

20,943

6,140

1,832

240

8,211

578

223

78

879

24

19

1

45

30,078

Table 2.6: Number of Funds, by Fund Type and Bucketed by Net Assets

This table excludes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c). See the appendix for a review of interval notation used here.

Fund Size

$10 billion or more

[$500 million,$10 billion)

[$50 million,$500 million)

($0,$50 million)

Total

Fund Type

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Mutual Fund

ETF

Closed-End Fund

Subtotal

Total

Jul

2023

307

***

***

445

2,833

684

174

3,691

2,762

1,009

340

4,111

1,329

1,035

45

2,409

10,656

Aug

2023

304

***

***

439

2,782

680

168

3,630

2,792

1,022

346

4,160

1,333

1,059

43

2,435

10,664

Sep

2023

294

132

2

428

2,726

676

161

3,563

2,810

1,015

351

4,176

1,369

1,122

49

2,540

10,707

Oct

2023

284

***

***

415

2,682

664

160

3,506

2,837

1,035

349

4,221

1,330

1,136

46

2,512

10,654

7

Nov

2023

304

***

***

442

2,744

701

167

3,612

2,791

1,048

343

4,182

1,256

1,117

43

2,416

10,652

Dec

2023

317

143

2

462

2,774

708

176

3,658

2,769

1,071

338

4,178

1,211

1,115

42

2,368

10,666

Jan

2024

319

***

***

462

2,768

707

177

3,652

2,759

1,098

338

4,195

1,288

1,127

40

2,455

10,764

Feb

2024

326

***

***

476

2,788

720

176

3,684

2,743

1,112

341

4,196

1,245

1,083

41

2,369

10,725

Mar

2024

336

154

2

492

2,813

731

180

3,724

2,717

1,135

341

4,193

1,227

1,066

45

2,338

10,747

Apr

2024

322

***

***

471

2,786

741

176

3,703

2,716

1,144

343

4,203

1,239

1,081

46

2,366

10,743

May

2024

341

***

***

496

2,793

752

179

3,724

2,694

1,157

335

4,186

1,217

1,091

45

2,353

10,759

Jun

2024

343

155

2

500

2,790

754

179

3,723

2,674

1,177

343

4,194

1,196

1,111

50

2,357

10,774

November 6, 2024

Analytics Office

Table 2.7: Distribution of Net Assets, by Fund Type ($Billions)

This exhibit includes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c).

Fund Type

Mutual Fund

ETF

Closed-End Fund

Percentile

10th

25th

50th

75th

90th

10th

25th

50th

75th

90th

10th

25th

50th

75th

90th

Jul

2023

0.018

0.082

0.349

1.275

4.308

0.006

0.025

0.119

0.618

3.497

0.044

0.114

0.263

0.586

1.363

Aug

2023

0.018

0.081

0.343

1.244

4.191

0.006

0.024

0.112

0.600

3.340

0.050

0.117

0.259

0.577

1.366

Sep

2023

0.017

0.077

0.331

1.195

4.047

0.005

0.022

0.107

0.564

3.143

0.047

0.108

0.246

0.565

1.310

Oct

2023

0.018

0.078

0.327

1.168

3.935

0.005

0.021

0.104

0.530

2.980

0.046

0.110

0.243

0.551

1.286

Nov

2023

0.021

0.085

0.349

1.246

4.170

0.005

0.023

0.107

0.577

3.267

0.048

0.117

0.259

0.596

1.357

Dec

2023

0.022

0.089

0.363

1.310

4.358

0.005

0.024

0.109

0.604

3.472

0.050

0.118

0.267

0.613

1.389

Jan

2024

0.019

0.084

0.356

1.288

4.332

0.005

0.023

0.109

0.599

3.373

0.052

0.116

0.268

0.611

1.433

Feb

2024

0.020

0.088

0.366

1.320

4.429

0.006

0.025

0.117

0.609

3.467

0.051

0.116

0.265

0.612

1.485

Mar

2024

0.021

0.090

0.375

1.354

4.546

0.006

0.026

0.119

0.623

3.539

0.049

0.115

0.268

0.616

1.493

Apr

2024

0.021

0.088

0.364

1.311

4.413

0.006

0.025

0.117

0.608

3.365

0.049

0.117

0.265

0.606

1.447

May

2024

0.021

0.089

0.375

1.336

4.536

0.006

0.025

0.120

0.622

3.442

0.052

0.123

0.270

0.623

1.534

Jun

2024

0.022

0.093

0.381

1.360

4.601

0.006

0.025

0.119

0.627

3.375

0.043

0.114

0.269

0.616

1.504

Table 2.8: Percent of Aggregate Net Assets Reported, by Fund Type and

Cumulative Percentile

This exhibit includes fund of funds and removes any observations with non-positive net assets (Form

N-PORT, Item B.1.c).

Fund Type

All Funds

Mutual Fund

ETF

Closed-End Fund

Percentile

Top 2%

Top 5%

Top 10%

Top 25%

Top 2%

Top 5%

Top 10%

Top 25%

Top 2%

Top 5%

Top 10%

Top 25%

Top 2%

Top 5%

Top 10%

Top 25%

Jul

2023

54.09

69.18

80.46

92.48

50.48

65.75

77.60

90.94

58.72

76.26

87.52

96.41

20.63

33.43

47.80

71.33

Aug

2023

54.13

69.25

80.50

92.50

50.46

65.83

77.64

90.94

58.68

76.34

87.59

96.42

20.65

33.47

47.87

71.25

Sep

2023

54.15

69.30

80.53

92.52

50.44

65.79

77.62

90.94

***

76.55

87.76

96.47

***

33.81

48.42

71.60

Oct

2023

54.30

69.40

80.59

92.51

50.42

65.82

77.61

90.89

59.34

76.85

87.91

96.50

21.38

34.22

48.32

71.67

Nov

2023

54.49

69.61

80.74

92.60

50.57

66.02

77.75

90.94

59.79

76.99

88.06

96.57

20.85

33.90

48.34

71.58

8

Dec

2023

54.64

69.72

80.85

92.65

50.71

66.05

77.80

90.96

60.13

77.10

88.13

96.60

***

33.58

48.07

71.57

Jan

2024

54.92

70.01

81.08

92.77

50.94

66.35

78.06

91.11

60.32

77.39

88.29

96.64

20.79

33.94

48.43

71.82

Feb

2024

55.08

70.29

81.25

92.81

51.08

66.68

78.30

91.18

60.37

77.28

88.20

96.58

20.80

34.06

48.75

72.03

Mar

2024

55.25

70.38

81.31

92.83

51.22

66.78

78.33

91.19

60.60

77.36

88.21

96.56

***

34.02

49.15

72.28

Apr

2024

55.16

70.28

81.24

92.79

51.10

66.68

78.25

91.17

60.35

77.16

88.12

96.50

22.04

34.52

49.34

72.32

May

2024

55.36

70.52

81.40

92.86

51.29

66.86

78.39

91.23

60.75

77.53

88.30

96.53

21.44

34.39

49.16

72.52

Jun

2024

55.61

70.74

81.58

92.94

51.34

66.96

78.47

91.27

61.28

77.94

88.53

96.61

***

35.38

50.00

73.05

November 6, 2024

Analytics Office

3

Flows and Returns

3.1

Fund Flows

Table 3.1: Aggregate Inflows, Outflows, and Net Flows of Index and NonIndex Funds ($Billions)

This table excludes flows from fund of funds (Form N-PORT, Item B.6), index fund indication drawn

from Form N-CEN, Item C.3. Since both ETFs and Mutual Funds can be index funds, both contribute to

the rows in this table.

Fund Type

All

Index

Non-Index

Flow Type

Inflow

Net

Outflow

Inflow

Net

Outflow

Inflow

Net

Outflow

Jul

2023

618

26

-593

373

55

-319

245

-29

-274

Aug

2023

570

-34

-604

308

9

-299

263

-42

-305

Sep

2023

580

-19

-599

346

31

-315

233

-51

-284

Oct

2023

620

-47

-667

346

18

-328

274

-65

-339

Nov

2023

699

43

-655

400

90

-310

298

-47

-345

Dec

2023

860

33

-827

544

115

-429

316

-81

-398

Jan

2024

770

14

-756

437

33

-405

333

-19

-352

Feb

2024

728

54

-673

412

55

-357

315

-1

-317

Mar

2024

831

54

-777

526

84

-442

305

-30

-335

Apr

2024

723

-32

-754

396

11

-385

326

-43

-369

May

2024

663

55

-609

366

77

-289

298

-22

-320

Jun

2024

722

36

-686

456

62

-394

266

-25

-292

Table 3.2: Aggregate Inflows, Outflows, and Net Flows of Index and NonIndex Funds (Percent of Net Assets)

This table excludes flows from fund of funds (Form N-PORT, Item B.6), index fund indication drawn

from Form N-CEN, Item C.3. Since both ETFs and Mutual Funds can be index funds, both contribute to

the rows in this table. Percentages are calculated using lagged net assets (Form N-PORT, Item

B.1.c.).

Fund Type

All

Index

Non-Index

Flow Type

Inflow

Net

Outflow

Inflow

Net

Outflow

Inflow

Net

Outflow

Jul

2023

2.40

0.10

-2.30

3.02

0.44

-2.58

1.82

-0.21

-2.03

Aug

2023

2.15

-0.13

-2.28

2.41

0.07

-2.34

1.91

-0.31

-2.22

Sep

2023

2.23

-0.07

-2.31

2.77

0.25

-2.52

1.73

-0.38

-2.11

Oct

2023

2.49

-0.19

-2.68

2.88

0.15

-2.73

2.12

-0.50

-2.62

Nov

2023

2.88

0.18

-2.71

3.43

0.77

-2.66

2.38

-0.37

-2.75

9

Dec

2023

3.29

0.13

-3.17

4.28

0.90

-3.38

2.36

-0.61

-2.97

Jan

2024

2.82

0.05

-2.77

3.26

0.24

-3.02

2.39

-0.14

-2.52

Feb

2024

2.65

0.20

-2.45

3.06

0.41

-2.65

2.26

-0.01

-2.27

Mar

2024

2.92

0.19

-2.73

3.74

0.60

-3.15

2.12

-0.21

-2.33

Apr

2024

2.47

-0.11

-2.58

2.73

0.08

-2.66

2.21

-0.29

-2.50

May

2024

2.35

0.19

-2.16

2.62

0.55

-2.07

2.09

-0.16

-2.25

Jun

2024

2.47

0.12

-2.34

3.13

0.42

-2.70

1.82

-0.17

-1.99

November 6, 2024

Analytics Office

Table 3.3: Aggregate Net Flows, by Prevalent Asset Class and Fund Type

($Billions)

This table excludes flows from fund of funds (Form N-PORT, Item B.6). Closed-End Funds generally do

not report flows and are therefore excluded.

Fund Type

ETF

Mutual Fund

Total

Prevalent Asset Class

US Equity

Taxable Bond

Global Equity

Municipal Bond

Multi-Asset

Subtotal

Municipal Bond

Global Equity

Taxable Bond

Multi-Asset

US Equity

Subtotal

Total

Jul

2023

38

14

7

1

-1

59

1

-7

16

-7

-36

-33

26

Aug

2023

4

7

1

1

2

15

-2

-4

4

-10

-37

-49

-34

Sep

2023

27

10

1

1

1

39

-6

-6

-7

-9

-31

-58

-19

Oct

2023

22

13

-3

3

1

36

-11

-11

-16

-12

-33

-83

-47

Nov

2023

72

26

6

5

0

109

-4

-11

-7

-7

-37

-65

43

Dec

2023

88

21

19

2

-1

129

-2

-20

-12

-10

-52

-96

33

Jan

2024

12

20

4

0

-1

35

6

-7

30

-9

-41

-21

14

Feb

2024

35

11

8

0

0

54

3

-3

37

-8

-28

0

54

Mar

2024

67

16

9

1

0

94

3

-14

14

-11

-33

-40

54

Apr

2024

12

15

4

1

1

32

-1

-13

7

-10

-47

-64

-32

May

2024

58

26

10

1

-1

93

0

-11

11

-10

-29

-39

55

Jun

2024

46

25

12

1

0

84

-1

-3

-3

-9

-31

-47

36

Table 3.4: Aggregate Net Flows, by Prevalent Asset Class and Fund Type

(Percent)

This table excludes flows from fund of funds (Form N-PORT, Item B.6). Closed-End Funds generally do

not report flows and are therefore excluded. Percentages are calculated using lagged net assets

(Form N-PORT, Item B.1.c.).

Fund Type

ETF

Mutual Fund

Total

Prevalent Asset Class

Taxable Bond

Global Equity

Municipal Bond

US Equity

Multi-Asset

Subtotal

Taxable Bond

Global Equity

Municipal Bond

US Equity

Multi-Asset

Subtotal

Total

Jul

2023

1.06

0.57

1.16

0.84

-1.06

0.82

0.44

-0.23

0.11

-0.37

-0.48

-0.18

0.10

Aug

2023

0.52

0.11

0.93

0.07

3.20

0.20

0.11

-0.14

-0.24

-0.37

-0.64

-0.25

-0.13

Sep

2023

0.76

0.05

1.04

0.58

0.88

0.53

-0.20

-0.20

-0.75

-0.31

-0.61

-0.31

-0.07

Oct

2023

0.99

-0.24

2.70

0.50

1.13

0.51

-0.45

-0.38

-1.47

-0.36

-0.82

-0.46

-0.19

10

Nov

2023

2.06

0.56

4.35

1.66

-0.35

1.59

-0.19

-0.38

-0.60

-0.41

-0.50

-0.38

0.18

Dec

2023

1.59

1.58

1.45

1.84

-1.05

1.72

-0.32

-0.66

-0.27

-0.54

-0.67

-0.51

0.13

Jan

2024

1.42

0.35

-0.32

0.23

-0.83

0.44

0.78

-0.22

0.79

-0.41

-0.58

-0.11

0.05

Feb

2024

0.81

0.61

-0.13

0.67

0.61

0.67

0.96

-0.11

0.36

-0.27

-0.54

0.00

0.20

Mar

2024

1.16

0.69

1.00

1.24

-0.47

1.12

0.36

-0.43

0.43

-0.30

-0.71

-0.20

0.19

Apr

2024

1.03

0.28

0.85

0.21

1.15

0.38

0.18

-0.39

-0.16

-0.43

-0.64

-0.31

-0.11

May

2024

1.82

0.76

0.64

1.06

-0.84

1.12

0.29

-0.36

0.06

-0.27

-0.69

-0.20

0.19

Jun

2024

1.70

0.90

0.87

0.79

0.05

0.95

-0.08

-0.09

-0.12

-0.28

-0.61

-0.23

0.12

November 6, 2024

3.2

Analytics Office

Total Returns

Table 3.5: Median Total Return of Index and Non-Index Funds, by

Prevalent Asset Class (Percent)

This table relies on Form N-PORT Item B.5 and excludes fund of funds. Index fund indication is drawn

from Form N-CEN, Item C.3.

Fund Type

All

Index

Non-Index

Prevalent Asset Class

Municipal Bond

Multi-Asset

Taxable Bond

US Equity

Global Equity

Municipal Bond

Taxable Bond

US Equity

Multi-Asset

Global Equity

Municipal Bond

Multi-Asset

US Equity

Taxable Bond

Global Equity

Jul

2023

0.23

2.05

0.56

3.36

3.43

***

0.31

3.59

4.23

4.08

0.23

1.94

3.23

0.61

3.18

Aug

2023

-1.16

-1.62

-0.23

-2.27

-3.92

***

-0.02

-2.53

-3.33

-4.07

-1.17

-1.51

-2.20

-0.28

-3.79

Sep

2023

-2.77

-3.34

-1.40

-4.80

-3.84

***

-1.30

-4.97

-5.12

-3.44

-2.78

-3.21

-4.72

-1.42

-4.01

Oct

2023

-1.45

-2.06

-1.07

-3.24

-3.68

***

-0.85

-3.59

-3.97

-3.76

-1.49

-1.98

-3.10

-1.13

-3.63

Nov

2023

6.14

5.98

3.92

8.67

8.42

***

3.38

9.11

8.90

8.44

6.19

5.81

8.45

4.02

8.41

Dec

2023

2.41

3.90

3.22

5.58

4.96

***

2.79

6.14

5.72

5.28

2.42

3.79

5.49

3.26

4.84

Jan

2024

-0.09

0.30

0.24

0.35

-1.64

***

0.07

0.04

-0.82

-1.77

-0.07

0.36

0.45

0.27

-1.59

Feb

2024

0.12

2.02

-0.37

4.65

3.02

***

-1.08

5.17

4.35

2.77

0.12

1.80

4.51

-0.24

3.14

Mar

2024

0.06

2.37

0.90

3.22

2.95

***

0.76

3.34

3.02

2.89

0.07

2.36

3.16

0.93

2.98

Apr

2024

-1.08

-2.79

-1.31

-4.77

-2.63

***

-1.17

-4.83

-4.67

-2.30

-1.08

-2.69

-4.74

-1.34

-2.75

May

2024

0.03

2.85

1.33

3.86

3.95

***

1.18

4.38

3.55

3.71

0.04

2.79

3.68

1.35

4.03

Jun

2024

1.56

0.86

0.75

0.75

-1.11

***

0.77

0.63

-0.44

-1.58

1.58

0.92

0.77

0.74

-0.90

Table 3.6: Weighted-Average Total Return of Index and Non-Index Funds,

by Prevalent Asset Class (Percent)

This table relies on Form N-PORT Item B.5 and excludes fund of funds, index fund indication drawn

from Form N-CEN, Item C.3. Total returns are weighted by lagged fund net assets from Form N-PORT,

Item B.1.c.

Fund Type

All

Index

Non-Index

Prevalent Asset Class

US Equity

Multi-Asset

Municipal Bond

Taxable Bond

Global Equity

Multi-Asset

US Equity

Municipal Bond

Taxable Bond

Global Equity

US Equity

Municipal Bond

Multi-Asset

Taxable Bond

Global Equity

Jul

2023

3.51

2.29

0.21

0.32

3.59

5.62

3.58

***

-0.00

3.98

3.41

0.22

2.02

0.54

3.29

Aug

2023

-2.05

-1.80

-1.15

-0.39

-4.09

-4.70

-2.07

***

-0.45

-4.45

-2.03

-1.18

-1.56

-0.35

-3.81

Sep

2023

-4.72

-3.49

-2.70

-1.79

-3.78

-7.74

-4.81

***

-2.05

-3.32

-4.60

-2.74

-3.14

-1.61

-4.14

Oct

2023

-2.88

-2.16

-1.35

-1.14

-3.44

-5.16

-2.83

***

-1.14

-3.58

-2.94

-1.40

-1.92

-1.13

-3.34

11

Nov

2023

9.11

6.54

5.90

3.65

8.37

12.19

9.26

***

3.81

8.37

8.91

5.95

6.15

3.53

8.37

Dec

2023

5.60

4.43

2.38

3.12

5.01

8.37

5.62

***

3.33

4.98

5.58

2.42

4.15

2.98

5.04

Jan

2024

0.89

0.22

-0.05

0.01

-1.44

-0.69

0.80

***

-0.19

-1.84

1.02

-0.04

0.29

0.16

-1.12

Feb

2024

5.24

1.99

0.16

-0.79

3.28

4.95

5.18

***

-1.09

2.95

5.33

0.17

1.77

-0.58

3.54

Mar

2024

3.27

2.58

0.09

0.90

3.18

2.97

3.31

***

0.81

3.17

3.21

0.12

2.55

0.97

3.19

Apr

2024

-4.54

-3.05

-1.09

-1.76

-2.47

-6.87

-4.54

***

-1.99

-2.09

-4.53

-1.11

-2.76

-1.59

-2.76

May

2024

4.45

3.06

0.03

1.39

3.92

6.23

4.66

***

1.38

3.93

4.13

0.07

2.82

1.40

3.92

Jun

2024

2.57

1.69

1.60

0.77

-0.55

4.50

2.74

***

0.84

-0.85

2.33

1.63

1.46

0.72

-0.32

November 6, 2024

Analytics Office

4

Fund Portfolio Investments by Category

4.1

All Funds

Table 4.1: Aggregate Gross Value of Fund Investments by Investment

Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Common Equity

Registered Fund

Corporate Debt

US Treasury Debt

Mortgage-Backed Security

Municipal Debt

STIV

Non US Sovereign Debt

Loan

Collateralized Obligation

Other Asset-Backed Security

Repurchase Agreement

Equity Derivative

Preferred Equity

Cash

Private Fund

Rate Derivative

Other Debt

Structured Note

FX Derivative

Other Types

Commodity

Commodity Derivative

Credit Derivative

Asset-Backed CP

Other Derivative

Total

Jul

2023

20,568

2,490

2,209

1,788

1,309

999

786

375

185

161

159

114

86

103

79

79

92

55

21

21

17

***

7

5

***

1

31,721

Aug

2023

20,004

2,440

2,192

1,791

1,316

986

769

368

185

162

162

106

74

99

74

79

85

53

21

25

17

***

6

4

***

1

31,031

Sep

2023

19,064

2,341

2,140

1,765

1,302

952

777

356

190

166

165

103

68

95

86

79

97

53

22

25

17

***

10

3

***

1

29,886

Oct

2023

18,476

2,268

2,096

1,742

1,307

931

747

350

186

165

170

97

70

91

84

79

105

48

21

19

16

***

5

3

***

1

29,090

Nov

2023

20,139

2,436

2,208

1,783

1,395

981

752

370

188

169

173

104

76

97

82

81

81

47

22

27

18

***

9

4

***

1

31,254

12

Dec

2023

21,242

2,543

2,263

1,840

1,425

1,002

735

382

191

172

173

104

82

101

81

82

97

47

22

25

17

***

6

5

***

1

32,651

Jan

2024

21,283

2,542

2,295

1,843

1,441

1,006

760

380

193

173

177

114

80

101

72

84

84

46

22

22

17

***

5

5

***

1

32,758

Feb

2024

22,310

2,614

2,297

1,843

1,431

1,008

767

384

200

177

178

118

101

102

75

86

74

43

23

23

17

***

9

5

***

1

33,898

Mar

2024

23,049

2,677

2,321

1,872

1,476

1,015

775

388

209

184

183

112

98

104

89

87

71

43

25

19

18

***

5

5

***

1

34,836

Apr

2024

22,089

2,576

2,276

1,844

1,452

1,002

757

379

215

184

183

107

88

100

85

88

92

41

24

27

17

***

7

4

***

1

33,650

May

2024

23,067

2,663

2,313

1,883

1,499

1,006

745

393

219

193

187

102

99

100

88

84

74

42

26

23

17

***

6

5

***

1

34,848

Jun

2024

23,487

2,691

2,318

1,899

1,510

1,026

756

392

222

198

194

119

114

98

92

87

73

44

25

24

17

***

5

4

***

1

35,408

November 6, 2024

Analytics Office

Table 4.2: Number of Funds Reporting Gross Value of Each Investment

Category, With an Aggregate Gross Value Exceeding Five

Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

Registered Fund

Corporate Debt

US Treasury Debt

Mortgage-Backed Security

Municipal Debt

STIV

Non US Sovereign Debt

Loan

Collateralized Obligation

Other Asset-Backed Security

Repurchase Agreement

Equity Derivative

Preferred Equity

Cash

Private Fund

Rate Derivative

Other Debt

Structured Note

FX Derivative

Other Types

Commodity

Commodity Derivative

Credit Derivative

Asset-Backed CP

Other Derivative

Total

Jul

2023

7,104

2,311

2,241

1,775

1,215

801

1,955

454

376

486

498

462

619

213

589

422

190

167

25

76

27

***

55

***

***

15

12,599

Aug

2023

7,109

2,294

2,242

1,800

1,221

799

1,891

452

381

493

503

473

580

226

557

423

177

159

25

79

22

***

39

10

8

13

12,596

Sep

2023

7,121

2,318

2,236

1,838

1,222

797

2,036

443

379

503

516

479

594

208

596

426

218

168

***

62

***

10

48

***

***

***

12,647

Oct

2023

7,086

2,272

2,236

1,809

1,230

793

2,043

435

379

505

524

482

587

207

565

434

228

146

23

74

23

***

34

***

***

14

12,601

Nov

2023

7,110

2,271

2,222

1,768

1,231

792

1,964

432

367

494

522

484

565

204

535

431

172

146

23

74

21

***

41

***

8

12

12,591

13

Dec

2023

7,123

2,243

2,224

1,788

1,230

792

1,807

427

364

493

504

471

535

202

539

392

203

163

***

77

***

11

47

***

***

***

12,598

Jan

2024

7,109

2,251

2,233

1,858

1,232

793

1,909

435

360

483

524

480

549

206

585

389

186

141

24

64

25

***

42

12

***

14

12,698

Feb

2024

7,092

2,238

2,223

1,847

1,222

790

1,932

437

379

489

527

479

595

200

514

391

156

122

26

77

24

***

45

13

***

16

12,629

Mar

2024

7,100

2,242

2,223

1,843

1,231

790

1,924

432

392

505

545

496

584

200

530

388

152

146

***

61

***

10

45

***

***

16

12,655

Apr

2024

7,096

2,238

2,216

1,857

1,233

792

1,953

426

404

515

553

486

599

196

553

385

207

139

26

92

28

***

58

***

***

***

12,652

May

2024

7,096

2,260

2,212

1,866

1,231

791

1,844

428

402

520

560

464

591

191

497

374

155

140

24

77

24

***

43

13

***

13

12,664

Jun

2024

7,114

2,240

2,210

1,837

1,234

792

1,834

425

414

530

558

483

584

191

537

366

143

146

25

70

***

10

41

***

***

***

12,679

November 6, 2024

4.2

Analytics Office

Mutual Funds3

Table 4.3: Aggregate Gross Value of Mutual Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Common Equity

Registered Fund

Corporate Debt

Mortgage-Backed Security

US Treasury Debt

Municipal Debt

STIV

Non US Sovereign Debt

Other Types

Other Asset-Backed Security

Collateralized Obligation

Loan

Repurchase Agreement

Cash

Preferred Equity

Private Fund

Total

Jul

2023

14,546

2,439

1,694

1,157

1,206

801

619

289

224

149

143

128

93

62

55

24

23,625

Aug

2023

14,140

2,388

1,683

1,164

1,206

791

603

284

210

152

143

128

84

57

53

23

23,107

Sep

2023

13,455

2,292

1,646

1,151

1,174

762

611

275

219

154

146

130

81

66

50

23

22,235

Oct

2023

13,024

2,219

1,616

1,155

1,145

743

587

270

218

159

144

126

75

67

48

23

21,619

Nov

2023

14,125

2,382

1,690

1,233

1,171

777

590

284

202

160

147

126

85

63

51

23

23,108

Dec

2023

14,825

2,484

1,717

1,253

1,214

793

578

293

219

161

149

126

87

62

53

23

24,037

Jan

2024

14,839

2,482

1,734

1,267

1,215

797

596

292

198

164

149

127

93

57

52

24

24,087

Feb

2024

15,534

2,552

1,739

1,258

1,217

800

598

297

194

164

151

132

99

58

53

25

24,868

Mar

2024

15,989

2,611

1,754

1,299

1,236

806

607

300

182

168

157

136

93

68

54

23

25,481

Apr

2024

15,304

2,510

1,720

1,275

1,218

795

585

292

206

168

155

139

87

66

52

24

24,594

May

2024

15,919

2,595

1,743

1,318

1,240

798

574

302

188

171

162

142

83

65

51

24

25,374

Jun

2024

16,178

2,620

1,739

1,325

1,237

815

584

301

185

177

165

142

99

68

50

23

25,707

Table 4.4: Number of Mutual Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of Mutual Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

Registered Fund

Corporate Debt

Mortgage-Backed Security

US Treasury Debt

Municipal Debt

STIV

Non US Sovereign Debt

Other Types

Other Asset-Backed Security

Collateralized Obligation

Loan

Repurchase Agreement

Cash

Preferred Equity

Private Fund

Total

Jul

2023

5,042

1,991

1,697

1,035

1,414

598

1,412

363

595

414

367

223

316

338

96

137

8,943

Aug

2023

5,028

1,975

1,697

1,037

1,427

597

1,379

365

529

415

368

229

327

324

105

140

8,913

Sep

2023

5,019

1,991

1,686

1,035

1,439

593

1,463

357

582

428

376

226

334

341

97

135

8,904

Oct

2023

5,003

1,930

1,684

1,040

1,383

591

1,455

350

522

430

381

225

329

304

93

135

8,829

Nov

2023

4,991

1,914

1,671

1,036

1,343

589

1,390

345

471

427

366

216

331

284

96

139

8,777

Dec

2023

4,980

1,887

1,665

1,030

1,362

588

1,265

342

519

410

364

212

332

274

93

112

8,747

Jan

2024

4,978

1,887

1,663

1,031

1,411

587

1,353

352

465

429

358

211

326

288

92

115

8,806

Feb

2024

4,963

1,875

1,654

1,018

1,396

585

1,367

349

452

427

361

225

326

278

90

117

8,744

Mar

2024

4,954

1,873

1,647

1,025

1,386

582

1,332

347

458

438

372

230

334

292

89

117

8,732

Apr

2024

4,942

1,868

1,639

1,021

1,379

583

1,334

341

489

441

380

238

332

292

84

113

8,702

May

2024

4,936

1,886

1,635

1,017

1,380

580

1,256

344

427

447

390

238

313

251

81

114

8,685

Jun

2024

4,938

1,860

1,621

1,010

1,342

578

1,244

337

399

437

394

238

319

274

79

102

8,628

3

“Mutual Funds” exclude ETFs. Please see Appendix 13.5 for a more detailed definition and definitions of other

capitalized terms used in this report.

14

November 6, 2024

4.3

Analytics Office

ETFs

Table 4.5: Aggregate Gross Value of ETF Investments by Investment

Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Common Equity

US Treasury Debt

Corporate Debt

Mortgage-Backed Security

STIV

Municipal Debt

Other Types

Non US Sovereign Debt

Registered Fund

Preferred Equity

Collateralized Obligation

Cash

Loan

Other Asset-Backed Security

Repurchase Agreement

Total

Jul

2023

5,887

577

457

133

158

111

82

82

43

38

9

13

11

7

7

7,616

Aug

2023

5,733

581

451

133

157

110

76

80

43

36

10

12

11

7

7

7,448

Sep

2023

5,484

585

437

131

156

108

77

77

41

35

11

16

12

8

6

7,183

Oct

2023

5,331

592

423

132

149

110

72

76

41

34

11

14

12

8

8

7,011

Nov

2023

5,884

607

459

142

150

120

84

83

46

37

12

15

12

9

6

7,665

Dec

2023

6,284

621

483

151

145

123

84

86

50

38

13

14

14

9

4

8,121

Jan

2024

6,311

623

499

153

152

123

85

84

51

39

13

12

14

10

8

8,176

Feb

2024

6,640

621

496

152

156

122

103

83

53

39

15

12

15

11

6

8,526

Mar

2024

6,918

631

504

156

155

123

102

84

57

40

16

16

16

11

7

8,837

Apr

2024

6,648

621

494

156

158

123

97

83

56

39

18

14

17

12

7

8,542

May

2024

7,007

639

506

161

158

123

104

88

59

39

20

18

18

12

6

8,956

Jun

2024

7,166

657

515

164

160

125

122

88

62

38

22

19

19

12

7

9,174

Table 4.6: Number of ETFs Reporting Gross Value of Each Investment

Category, With an Aggregate Gross Value Exceeding Five

Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of ETFs, and not the sum of the preceding rows.

Investment Type

Common Equity

US Treasury Debt

Corporate Debt

Mortgage-Backed Security

STIV

Municipal Debt

Other Types

Non US Sovereign Debt

Registered Fund

Preferred Equity

Collateralized Obligation

Cash

Loan

Other Asset-Backed Security

Repurchase Agreement

Total

Jul

2023

1,888

332

332

109

416

81

610

57

272

54

48

185

23

48

***

3,008

Aug

2023

1,901

339

335

113

405

80

607

55

274

55

52

179

22

53

***

3,037

Sep

2023

1,920

361

342

115

445

82

619

54

281

51

53

202

22

54

***

3,092

Oct

2023

1,905

387

346

119

442

83

663

55

297

53

51

213

21

59

***

3,126

Nov

2023

1,936

387

348

124

440

84

642

57

311

54

54

197

20

60

***

3,170

15

Dec

2023

1,958

392

352

128

423

85

609

57

308

54

53

212

20

59

***

3,206

Jan

2024

1,949

411

361

128

437

87

635

54

311

55

51

247

20

60

104

3,248

Feb

2024

1,942

416

359

130

437

86

659

58

311

53

55

188

22

65

***

3,238

Mar

2024

1,958

420

365

132

458

88

650

54

315

54

56

188

22

67

109

3,268

Apr

2024

1,971

445

363

136

466

89

699

55

316

53

59

207

24

69

99

3,296

May

2024

1,981

454

368

138

453

91

683

54

321

52

54

198

23

70

***

3,342

Jun

2024

1,996

461

378

145

466

94

680

57

327

52

59

210

25

75

***

3,389

November 6, 2024

4.4

Analytics Office

Closed-End Funds4

Table 4.7: Aggregate Gross Value of Closed-End Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Common Equity

Municipal Debt

Other Types

Corporate Debt

Loan

Mortgage-Backed Security

Repurchase Agreement

STIV

Collateralized Obligation

Preferred Equity

Registered Fund

Cash

US Treasury Debt

Other Asset-Backed Security

Non US Sovereign Debt

Total

Jul

2023

135

86

66

59

46

19

14

10

9

10

8

4

5

3

4

480

Aug

2023

131

85

67

58

46

20

15

10

9

10

9

4

5

3

4

476

Sep

2023

125

81

68

58

48

20

16

10

9

10

8

4

5

3

4

469

Oct

2023

121

79

67

57

48

20

14

12

9

9

8

4

5

3

4

459

Nov

2023

130

84

69

59

50

20

13

11

10

10

9

4

5

3

4

481

Dec

2023

133

86

70

62

51

21

13

11

10

10

9

5

5

3

3

493

Jan

2024

133

86

71

62

52

21

13

12

10

10

9

4

5

3

4

495

Feb

2024

137

86

73

62

53

21

13

13

10

10

9

4

5

4

4

504

Mar

2024

142

86

74

63

57

21

13

13

11

10

9

5

5

4

4

517

Apr

2024

137

85

76

63

59

21

13

14

11

10

9

5

5

4

4

514

May

2024

141

85

73

64

59

21

13

14

11

10

9

5

4

4

4

518

Jun

2024

143

86

77

64

61

21

13

13

11

10

9

5

5

5

4

528

Table 4.8: Number of Closed-End Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of Closed-End Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

Municipal Debt

Other Types

Corporate Debt

Loan

Mortgage-Backed Security

Repurchase Agreement

STIV

Collateralized Obligation

Preferred Equity

Registered Fund

Cash

US Treasury Debt

Other Asset-Backed Security

Non US Sovereign Debt

Total

Jul

2023

228

123

164

221

130

73

56

128

71

63

48

66

38

36

36

648

Aug

2023

233

123

166

219

130

73

56

108

73

66

45

54

43

35

34

646

Sep

2023

235

123

172

217

131

74

55

128

74

60

***

53

47

34

34

651

Oct

2023

232

120

171

215

133

73

56

148

73

61

45

48

48

35

32

646

Nov

2023

237

120

165

212

131

73

53

135

74

54

46

55

47

35

32

644

Dec

2023

238

120

163

216

132

74

53

120

76

55

***

53

43

35

30

645

Jan

2024

236

120

163

218

129

75

50

120

74

59

53

50

45

35

31

644

Feb

2024

240

120

166

219

132

76

52

129

73

57

52

48

44

35

32

647

Mar

2024

242

121

170

220

140

76

53

134

77

57

***

50

46

40

33

655

Apr

2024

236

121

169

223

142

78

55

154

76

59

54

54

42

43

32

654

May

2024

232

121

154

218

141

78

55

135

76

58

53

48

41

43

32

637

Jun

2024

233

121

177

220

151

81

54

124

77

60

***

53

43

46

33

662

4

“Closed-End Funds” include interval funds and non-traded funds registered on Form N-2. Please see Appendix 13.5

for definitions of other capitalized terms used in this report.

16

November 6, 2024

4.5

Analytics Office

Non-Index Funds

Table 4.9: Aggregate Gross Value of Non-Index Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Index fund indication drawn from Form N-CEN, Item C.3.

Investment Type

Common Equity

Registered Fund

Corporate Debt

Mortgage-Backed Security

Municipal Debt

US Treasury Debt

STIV

Other Types

Loan

Collateralized Obligation

Other Asset-Backed Security

Non US Sovereign Debt

Repurchase Agreement

Cash

Preferred Equity

Total

Jul

2023

10,136

2,393

1,576

1,047

893

770

591

337

181

159

157

163

104

65

62

18,632

Aug

2023

9,839

2,344

1,566

1,056

881

770

578

320

181

160

160

160

94

62

60

18,232

Sep

2023

9,359

2,252

1,535

1,048

849

751

587

333

185

163

162

154

94

68

57

17,598

Oct

2023

9,049

2,181

1,510

1,057

827

731

568

331

181

163

168

148

86

71

55

17,126

Nov

2023

9,810

2,340

1,575

1,131

868

741

571

324

183

166

170

154

94

64

58

18,250

Dec

2023

10,285

2,441

1,598

1,149

886

769

556

342

185

169

171

160

97

63

60

18,931

Jan

2024

10,274

2,440

1,618

1,163

891

771

572

324

187

170

175

163

103

62

60

18,974

Feb

2024

10,747

2,508

1,627

1,160

893

769

571

336

194

174

175

165

107

63

60

19,549

Mar

2024

11,060

2,565

1,636

1,197

900

783

584

328

203

181

180

164

102

69

61

20,013

Apr

2024

10,592

2,468

1,609

1,179

888

776

556

350

208

181

181

160

97

73

59

19,377

May

2024

10,997

2,550

1,630

1,220

892

790

555

337

212

191

185

164

92

72

59

19,945

Jun

2024

11,147

2,575

1,628

1,228

911

787

562

349

215

195

191

164

109

71

58

20,188

Table 4.10: Number of Non-Index Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Index fund indication drawn from Form N-CEN, Item C.3. The “Total” row below indicates the number

of Non-Index Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

Registered Fund

Corporate Debt

Mortgage-Backed Security

Municipal Debt

US Treasury Debt

STIV

Other Types

Loan

Collateralized Obligation

Other Asset-Backed Security

Non US Sovereign Debt

Repurchase Agreement

Cash

Preferred Equity

Total

Jul

2023

5,247

2,137

2,015

1,148

758

1,544

1,642

1,116

373

486

497

411

258

477

173

10,051

Aug

2023

5,250

2,124

2,016

1,154

755

1,562

1,572

1,073

379

493

500

409

261

445

186

10,044

Sep

2023

5,258

2,149

2,011

1,155

753

1,586

1,691

1,124

377

503

513

402

272

478

172

10,082

Oct

2023

5,240

2,100

2,011

1,164

749

1,555

1,696

1,096

377

505

521

393

264

449

172

10,045

Nov

2023

5,277

2,096

2,003

1,166

750

1,529

1,624

1,044

365

494

520

391

268

425

167

10,051

17

Dec

2023

5,292

2,079

2,006

1,165

750

1,541

1,499

1,051

362

493

502

386

270

424

167

10,078

Jan

2024

5,304

2,089

2,014

1,167

750

1,618

1,587

1,039

358

483

522

396

255

446

169

10,185

Feb

2024

5,295

2,074

2,004

1,157

748

1,606

1,601

1,041

377

489

524

396

261

413

166

10,141

Mar

2024

5,303

2,079

2,003

1,165

748

1,593

1,598

1,034

390

504

541

394

273

432

165

10,167

Apr

2024

5,299

2,075

1,997

1,167

750

1,589

1,617

1,101

402

514

548

387

266

445

162

10,162

May

2024

5,300

2,094

1,994

1,165

749

1,593

1,524

1,027

400

519

556

390

250

409

158

10,177

Jun

2024

5,316

2,072

1,992

1,168

750

1,558

1,522

1,016

412

529

554

386

264

446

159

10,193

November 6, 2024

4.6

Analytics Office

Index Funds

Table 4.11: Aggregate Gross Value of Index Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Index fund indication drawn from Form N-CEN, Item C.3.

Investment Type

Common Equity

US Treasury Debt

Corporate Debt

Mortgage-Backed Security

Non US Sovereign Debt

STIV

Registered Fund

Municipal Debt

Other Types

Preferred Equity

Cash

Repurchase Agreement

Loan

Collateralized Obligation

Other Asset-Backed Security

Total

Jul

2023

10,433

1,018

634

262

212

196

97

106

58

41

14

11

***

***

2

13,090

Aug

2023

10,165

1,021

626

260

208

192

96

105

56

39

12

12

***

***

2

12,799

Sep

2023

9,705

1,013

605

254

202

190

90

103

53

37

18

9

***

***

2

12,288

Oct

2023

9,427

1,011

586

250

202

179

87

104

49

36

14

10

***

***

2

11,964

Nov

2023

10,329

1,041

633

264

216

180

96

113

55

39

18

10

***

***

2

13,004

Dec

2023

10,957

1,071

664

276

222

179

103

116

54

41

17

8

***

***

2

13,720

Jan

2024

11,008

1,072

677

278

217

188

102

115

53

41

11

11

***

***

2

13,784

Feb

2024

11,564

1,074

670

272

219

196

106

114

58

42

12

11

***

***

2

14,350

Mar

2024

11,990

1,089

685

279

223

191

112

115

54

42

19

10

***

***

3

14,822

Apr

2024

11,496

1,068

667

273

219

201

107

114

53

41

12

10

***

***

3

14,273

May

2024

12,070

1,094

683

279

229

190

113

113

53

41

16

10

***

***

3

14,903

Jun

2024

12,340

1,113

690

282

229

195

116

115

58

40

21

10

***

***

3

15,220

Table 4.12: Number of Index Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Index fund indication drawn from Form N-CEN, Item C.3. The “Total” row below indicates the number

of Index Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

US Treasury Debt

Corporate Debt

Mortgage-Backed Security

Non US Sovereign Debt

STIV

Registered Fund

Municipal Debt

Other Types

Preferred Equity

Cash

Repurchase Agreement

Loan

Collateralized Obligation

Other Asset-Backed Security

Total

Jul

2023

1,857

231

226

67

43

313

174

43

376

40

112

204

***

0

***

2,548

Aug

2023

1,859

238

226

67

43

319

170

44

355

40

112

212

***

0

***

2,552

Sep

2023

1,863

252

225

67

41

345

169

44

369

36

118

***

***

0

***

2,565

Oct

2023

1,846

254

225

66

42

347

172

44

380

35

116

218

***

0

***

2,556

Nov

2023

1,833

239

219

65

41

340

175

42

358

37

110

216

***

0

***

2,540

18

Dec

2023

1,831

247

218

65

41

308

164

42

338

35

115

***

***

0

***

2,520

Jan

2024

1,805

240

219

65

39

322

162

43

326

37

139

225

***

0

***

2,513

Feb

2024

1,797

241

219

65

41

331

164

42

337

34

101

218

***

0

***

2,488

Mar

2024

1,797

250

220

66

38

326

163

42

345

35

98

***

***

***

***

2,488

Apr

2024

1,797

268

219

66

39

336

163

42

350

34

108

220

***

1

***

2,490

May

2024

1,796

273

218

66

38

320

166

42

334

33

88

214

***

***

***

2,487

Jun

2024

1,798

279

218

66

39

312

168

42

325

32

91

***

***

***

***

2,486

November 6, 2024

4.7

Analytics Office

US Equity Funds

Table 4.13: Aggregate Gross Value of US Equity Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Common Equity

STIV

Other Types

Preferred Equity

Registered Fund

Cash

Repurchase Agreement

US Treasury Debt

Corporate Debt

Loan

Total

Jul

2023

15,270

246

79

46

23

19

***

5

6

***

15,710

Aug

2023

14,915

232

74

45

27

19

***

5

6

***

15,339

Sep

2023

14,194

240

72

43

23

23

14

6

***

***

14,621

Oct

2023

13,786

228

74

42

23

27

13

5

6

1

14,205

Nov

2023

15,064

236

79

44

23

21

15

6

6

1

15,496

Dec

2023

15,924

232

85

46

26

20

16

7

***

***

16,362

Jan

2024

16,037

229

85

46

26

18

***

6

7

***

16,473

Feb

2024

16,879

232

99

47

29

18

18

6

6

0

17,335

Mar

2024

17,457

232

102

47

30

21

17

7

***

***

17,920

Apr

2024

16,654

217

97

46

27

19

16

7

6

0

17,089

May

2024

17,409

223

104

46

30

19

15

6

6

0

17,859

Jun

2024

17,840

230

118

46

28

23

18

9

***

***

18,320

Table 4.14: Number of US Equity Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of US Equity Funds, and not the sum of the preceding rows.

Investment Type

Common Equity

STIV

Other Types

Preferred Equity

Registered Fund

Cash

Repurchase Agreement

US Treasury Debt

Corporate Debt

Loan

Total

Jul

2023

4,129

412

449

47

95

121

68

71

38

***

4,360

Aug

2023

4,140

406

438

54

97

124

78

72

34

***

4,378

Sep

2023

4,156

442

462

50

117

136

77

78

34

3

4,404

Oct

2023

4,150

468

451

52

94

129

83

57

38

***

4,377

Nov

2023

4,159

423

433

50

84

120

81

47

33

***

4,388

19

Dec

2023

4,173

379

445

50

83

114

***

48

32

1

4,404

Jan

2024

4,187

381

439

49

84

130

82

43

35

1

4,423

Feb

2024

4,187

411

434

47

91

117

80

44

34

1

4,424

Mar

2024

4,213

386

441

46

84

101

86

53

37

1

4,460

Apr

2024

4,221

378

463

50

88

123

80

48

39

***

4,475

May

2024

4,220

377

471

48

90

111

75

50

37

1

4,494

Jun

2024

4,230

356

468

49

88

112

82

49

40

1

4,512

November 6, 2024

4.8

Analytics Office

Taxable Bond Funds

Table 4.15: Aggregate Gross Value of Taxable Bond Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Corporate Debt

US Treasury Debt

Mortgage-Backed Security

Non US Sovereign Debt

STIV

Other Types

Loan

Collateralized Obligation

Other Asset-Backed Security

Repurchase Agreement

Total

Jul

2023

1,940

1,629

1,201

354

279

276

169

145

144

84

6,220

Aug

2023

1,923

1,624

1,208

348

284

260

169

146

147

76

6,185

Sep

2023

1,881

1,597

1,192

337

281

279

173

149

149

76

6,113

Oct

2023

1,841

1,582

1,194

332

275

266

169

148

155

70

6,033

Nov

2023

1,937

1,625

1,270

352

268

262

172

152

157

76

6,270

Dec

2023

1,989

1,675

1,308

363

256

277

174

154

158

76

6,432

Jan

2024

2,018

1,679

1,321

362

277

252

177

154

162

83

6,485

Feb

2024

2,020

1,680

1,312

366

280

246

183

158

162

87

6,495

Mar

2024

2,044

1,709

1,349

369

277

246

192

165

166

81

6,598

Apr

2024

2,004

1,684

1,328

362

283

268

196

165

166

76

6,532

May

2024

2,038

1,723

1,372

375

278

257

201

173

169

72

6,661

Jun

2024

2,045

1,735

1,381

375

278

255

204

177

176

86

6,712

Table 4.16: Number of Taxable Bond Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of Taxable Bond Funds, and not the sum of the preceding

rows.

Investment Type

Corporate Debt

US Treasury Debt

Mortgage-Backed Security

Non US Sovereign Debt

STIV

Other Types

Loan

Collateralized Obligation

Other Asset-Backed Security

Repurchase Agreement

Total

Jul

2023

1,811

1,282

1,035

397

717

805

332

459

484

292

2,630

Aug

2023

1,808

1,304

1,036

397

670

758

335

463

489

287

2,628

Sep

2023

1,805

1,333

1,040

387

704

805

333

470

498

296

2,647

Oct

2023

1,803

1,346

1,047

379

695

800

333

472

507

290

2,653

Nov

2023

1,798

1,334

1,050

377

728

778

324

462

506

296

2,660

20

Dec

2023

1,800

1,356

1,054

376

674

791

320

464

490

297

2,656

Jan

2024

1,798

1,435

1,054

384

736

796

318

454

508

300

2,739

Feb

2024

1,795

1,423

1,049

391

768

766

336

461

512

299

2,738

Mar

2024

1,790

1,412

1,058

388

786

789

351

476

529

308

2,739

Apr

2024

1,783

1,430

1,056

383

764

822

361

485

536

308

2,734

May

2024

1,783

1,431

1,056

387

769

765

362

488

544

289

2,740

Jun

2024

1,781

1,399

1,058

384

762

756

370

498

543

300

2,729

November 6, 2024

4.9

Analytics Office

Multi-Asset Funds

Table 4.17: Aggregate Gross Value of Multi-Asset Fund Investments by

Investment Category ($Billions)

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f).

Investment Type

Registered Fund

Common Equity

Corporate Debt

Other Types

US Treasury Debt

STIV

Mortgage-Backed Security

Loan

Non US Sovereign Debt

Preferred Equity

Total

Jul

2023

2,437

1,015

258

204

151

142

107

15

17

13

4,360

Aug

2023

2,382

983

256

201

158

134

108

15

17

13

4,266

Sep

2023

2,287

934

249

197

158

129

110

16

16

12

4,107

Oct

2023

2,216

897

243

196

151

129

112

16

15

12

3,984

Nov

2023

2,382

951

256

197

147

136

124

15

16

12

4,237

Dec

2023

2,487

996

261

202

153

137

117

16

16

12

4,397

Jan

2024

2,487

994

265

200

152

139

119

16

16

12

4,400

Feb

2024

2,556

1,033

265

208

150

136

119

16

15

12

4,512

Mar

2024

2,617

1,064

265

207

149

141

126

17

16

13

4,615

Apr

2024

2,520

1,024

260

212

148

137

123

17

15

13

4,468

May

2024

2,600

980

260

210

143

127

118

17

15

13

4,483

Jun

2024

2,631

1,002

258

218

145

126

120

17

15

12

4,544

Table 4.18: Number of Multi-Asset Funds Reporting Gross Value of Each

Investment Category, With an Aggregate Gross Value Exceeding

Five Percent of Net Assets

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) by asset

type (Form N-PORT, Item C.4.a) and issuer type (Form N-PORT, Item C.4.b), adjusted for consensus —

see the appendix for more details. Includes cash and cash equivalents (Form N-PORT, Item B.2.f). The

“Total” row below indicates the number of Multi-Asset Funds, and not the sum of the preceding

rows.

Investment Type

Registered Fund

Common Equity

Corporate Debt

Other Types

US Treasury Debt

STIV

Mortgage-Backed Security

Loan

Non US Sovereign Debt

Preferred Equity

Total

Jul

2023

2,084

750

376

634

393

545

176

41

56

48

2,720

Aug

2023

2,066

743

381

629

398

535

183

43

54

48

2,699

Sep

2023

2,060

727

380

623

401

591

180

43

55

47

2,700

Oct

2023

2,040

719

378

600

380

598

180

43

55

47

2,690

Nov

2023

2,047

722

375

584

360

580

178

41

54

50

2,660

21

Dec

2023

2,025

721

375

559

359

528

172

43

50

48

2,648

Jan

2024

2,029

712

381

559

351

557

174

41

50

51

2,658

Feb

2024

2,006

696

373

566