The Markets February 2, 2011

Money Market Portfolio Data Available from SEC

The Securities and Exchange Commission (SEC) announced that investors will be able to access information that money market funds file with the agency, including its "shadow NAV" (net asset value) or mark-to-market valuation.

Reported by

PLANADVISER staff

The information is available on the SEC’s Web site and will be updated monthly.

As part of its overhaul of money market fund regulation, the Commission last year adopted a rule requiring money market funds to file information about their holdings and portfolio valuations.

“While the Commission uses this information in its real-time oversight of money market funds, we also believe that public disclosure can provide investors and market analysts with useful insight for their evaluation of these funds,” said SEC Chairman Mary L. Schapiro.

Funds began filing the information on the SEC’s new Form N-MFP in December. Under the rule, the SEC will release the information with a 60-day delay. According to the SEC, the rule also requires money market funds to post more current but less detailed portfolio information on their own websites within five business days after the end of the month.

The information on the SEC site is available through the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. The information can be retrieved in several ways, including by typing in the fund’s name or ticker symbol or by reviewing recent Form N-MFP filings.