Money Market Funds (MMF)

Overview

• Money Market Funds (MMFs) assets have the same fundamental facilities available to you as Public Equities (e.g. pricing).
• They are denoted as pooled asset to enable additional segmentation in your portfolio.
• When you first create a MMF, you are provided with a search from which you select the US market ticker symbol.
• AssetView uses that ticker symbol to automatically associate relevant data such as market pricing and stock charting.
• AssetView supports multiple methods of stock lotting (e.g. FIFO, LIFO).
• The default method of Lotting aggregates purchases from the same day into a single lot.

Pricing

AssetView provides pricing for all US market public exchange-traded fund assets based on a feed from a third party that is delayed typically less than 30 minutes from real-time, trading day hours pricing.

Asset Entry

When entering a new money market fund asset, AssetView prompts you to enter:

• Label: friendly name for you to recognize the specific asset
• ID: unique identifier
• Description: more information for you to fully describe the asset
• Default Account: the account to which all future purchases of the asset will be assigned unless you override
• State: active or planned asset
• CUSIP: an industry defined identifier
• Coupon %: rate of fixed payments
• Interest Payment Per Annum: the interval of payments
• Maturity Date: date of final redemption
• Add Call: call provisions on the asset
• Asset Class: the specific asset class to which the asset will belong

Buy Entry

When entering a money market fund purchase, AssetView prompts you to enter:

• Date: date of the transaction
• Account: AssetView will present the default account which you may override
• Basis: the accounting basis for lotting and taxation
• Lot: Auto (automatically lot), New (create a new lot), Advanced (to manually create lots), or you may assign to an existing lot
• Face value
• Price: the price paid
• Interest Catchup: interest paid to the previous owner for ownership during a partial period
• Fee: e.g. brokerage fees
• Description
• State: active, pending, or planned

AssetView then shows you a summary of the:

• Market Value
• Premium (price paid which is more or less than the face value)
• Cash Flow (including the price, interest catchup and fees)
• Yields (potential)

Sale Entry

• Date: date of the transaction
• Account: AssetView will present the default account which you may override
• Basis: the accounting basis for lotting and taxation
• Lot: Auto (automatically lot), New (create a new lot), Advanced (to manually create lots), or you may assign to an existing lot
• Face value
• Price: the price paid
• Interest Catchup: interest paid to the previous owner for ownership during a partial period
• Fee: e.g. brokerage fees
• Description
• State: active, pending, or planned

AssetView then shows you a summary of the:

• Market Value
• Premium (price paid which is more or less than the face value)
• Cash Flow (including the price, interest catchup and fees)
• Yield: yield to sale

Dashboard and Structured View

On the Dashboard for a money market fund asset and on the Structured View when you select Fixed Income, AssetView calculates and displays details on your:

• Investment components
• Maturity
• Interest
• Yields

On a money market fund asset page, AssetView allows you to enter an offer price on the asset as of a specified date. AssetView then calculates a yield. AssetView also calculate the remaining yield for the money market fund using the current day (i.e. today) as the settlement date.

Offer

On a money market fund asset, the Offer pane enables you to enter an offer date and a price with which AssetView calculates the yield. If you have multiple purchases of the money market fund, AssetView calculates the yield using a weighted settlement date based on the proportion of cost attributable to each purchase.