Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, January 31, 2011

SEC Releases Money Market Fund Portfolio and "Shadow NAV" Information to the Public

The SEC announced that investors can now access detailed information that money market funds file with the Commission — including information about a fund's investments and the market-based price of its portfolio known as its "shadow NAV" (net asset value) or mark-to-market valuation.  The information is available on the SEC's website 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.  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. 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.

See also Staff Responses to Questions about Information Filed on Form N-MFP

http://lawprofessors.typepad.com/securities/2011/01/sec-releases-money-market-fund-portfolio-and-shadow-nav-information-to-the-public.html

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