Visualization

Liquidity Classifications

These data come from SEC monthly support tables and are grouped by this section topic.

Aggregate Gross Value of Mutual Fund Investments by Liquidity Classification

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) and liquidity classifications (Form N-PORT, Item C.7).

$29.2T
latest value in December 2025
11.9%
year-over-year change (December 2024 to December 2025)
Zoom
Start Date — End Date —
View source table (Tab.8.1)
Prevalent Asset Class Classification 2019-06 2019-07 2019-08 2019-09 2019-10 2019-11 2019-12 2020-01 2020-02 2020-03 2020-04 2020-05 2020-06 2020-07 2020-08 2020-09 2020-10 2020-11 2020-12 2021-01 2021-02 2021-03 2021-04 2021-05 2021-06 2021-07 2021-08 2021-09 2021-10 2021-11 2021-12 2022-01 2022-02 2022-03 2022-04 2022-05 2022-06 2022-07 2022-08 2022-09 2022-10 2022-11 2022-12 2023-01 2023-02 2023-03 2023-04 2023-05 2023-06 2023-07 2023-08 2023-09 2023-10 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 2024-05 2024-06 2024-07 2024-08 2024-09 2024-10 2024-11 2024-12 2025-01 2025-02 2025-03 2025-04 2025-05 2025-06 2025-07 2025-08 2025-09 2025-10 2025-11 2025-12
US Equity Highly Liquid 8,215 8,295 8,094 8,181 8,302 8,602 8,774 8,720 8,034 6,883 7,743 8,161 8,360 8,740 9,216 8,910 8,681 9,729 10,090 10,012 10,335 10,617 11,131 11,149 11,335 11,445 11,717 11,208 11,855 11,573 11,915 11,120 10,856 11,118 10,108 10,076 9,255 10,036 9,640 8,773 9,393 9,844 9,270 9,880 9,609 9,786 9,855 9,810 10,401 10,718 10,453 9,941 9,626 10,443 10,970 11,039 11,591 11,924 11,352 11,832 12,089 12,265 12,404 12,600 12,414 13,132 12,545 12,932 12,617 11,880 11,772 12,456 13,017 12,971 13,184 13,485 13,633 13,561 13,827
US Equity Moderately Liquid 21 22 22 20 23 20 19 20 20 35 45 52 24 30 27 19 20 32 34 23 17 26 26 24 21 24 27 21 33 25 36 26 30 31 28 26 21 36 33 22 31 37 22 26 22 20 24 24 18 24 21 22 23 28 19 20 26 30 31 15 17 15 30 32 34 19 20 20 16 10 16 27 21 23 21 18 23 17 27
US Equity Less Liquid 4 3 4 3 3 4 5 2 4 9 11 10 8 5 5 3 3 4 5 3 4 3 3 4 7 6 6 6 5 5 4 7 4 6 5 5 4 3 5 3 6 5 5 7 5 5 6 5 6 5 7 7 4 6 10 6 5 5 5 3 3 5 3 5 5 5 9 5 5 5 20 6 7 5 5 5 5 5 8
US Equity Illiquid 27 27 23 22 22 22 25 22 21 21 26 27 23 27 31 32 33 31 36 41 41 42 48 49 55 54 56 51 50 55 53 49 43 40 38 30 29 30 30 29 29 28 28 28 27 28 28 28 29 30 30 29 33 29 28 27 29 30 34 30 32 33 31 30 33 31 35 36 47 47 47 38 42 41 44 44 45 47 58
US Equity Subtotal 8,267 8,347 8,144 8,226 8,350 8,648 8,823 8,764 8,079 6,948 7,825 8,249 8,416 8,801 9,278 8,964 8,737 9,797 10,165 10,078 10,396 10,688 11,209 11,226 11,418 11,530 11,805 11,286 11,944 11,658 12,008 11,202 10,934 11,195 10,178 10,137 9,310 10,106 9,708 8,827 9,459 9,914 9,325 9,942 9,664 9,839 9,912 9,867 10,454 10,777 10,512 9,998 9,686 10,506 11,027 11,093 11,650 11,989 11,422 11,880 12,139 12,318 12,468 12,668 12,485 13,187 12,609 12,993 12,685 11,941 11,855 12,528 13,086 13,040 13,253 13,553 13,706 13,630 13,920
Taxable Bond Highly Liquid 4,210 4,252 4,326 4,328 4,298 4,290 4,338 4,507 4,578 4,247 4,265 4,298 4,383 4,580 4,654 4,656 4,764 4,820 4,853 5,017 5,015 5,010 5,028 5,054 5,066 5,135 5,183 5,134 5,158 5,136 5,036 4,984 4,924 4,825 4,701 4,586 4,447 4,529 4,431 4,301 4,226 4,326 4,255 4,351 4,303 4,390 4,399 4,386 4,392 4,417 4,403 4,333 4,273 4,430 4,546 4,574 4,529 4,642 4,585 4,690 4,702 4,758 4,849 4,899 4,871 4,910 4,798 4,872 4,982 4,987 5,009 5,027 5,120 5,072 5,180 5,250 5,299 5,313 5,314
Taxable Bond Moderately Liquid 97 94 97 97 96 99 98 107 107 138 113 110 126 134 131 138 134 139 152 119 124 121 130 121 119 122 120 112 112 111 112 109 100 108 103 107 100 102 97 96 92 92 84 90 85 88 91 84 80 84 80 81 78 80 77 80 125 79 84 65 69 72 67 68 72 74 73 70 67 59 67 50 53 62 55 59 61 66 68
Taxable Bond Less Liquid 165 157 152 148 147 148 145 145 148 139 124 124 131 131 133 143 140 145 149 151 149 160 167 175 180 185 190 193 190 190 197 209 205 207 209 197 188 185 180 169 164 161 151 147 140 144 131 128 129 131 131 131 127 128 126 125 129 134 136 136 138 139 140 138 138 139 145 141 146 141 134 136 137 139 138 139 138 139 139
Taxable Bond Illiquid 32 33 32 37 35 37 35 38 42 40 36 36 37 37 39 41 41 43 46 41 44 43 44 43 42 43 42 46 42 44 44 47 44 42 46 42 43 42 40 39 38 37 36 37 37 38 34 33 34 35 33 37 35 37 34 33 34 36 34 37 38 37 35 36 38 37 35 36 35 41 38 39 43 41 47 46 44 45 49
Taxable Bond Subtotal 4,505 4,536 4,608 4,611 4,576 4,574 4,616 4,796 4,876 4,565 4,539 4,568 4,677 4,883 4,957 4,977 5,079 5,147 5,201 5,328 5,332 5,333 5,369 5,393 5,407 5,485 5,536 5,485 5,502 5,482 5,389 5,348 5,274 5,182 5,059 4,931 4,777 4,857 4,749 4,605 4,520 4,616 4,526 4,624 4,564 4,660 4,655 4,632 4,635 4,666 4,647 4,582 4,514 4,675 4,783 4,812 4,817 4,891 4,838 4,929 4,947 5,005 5,091 5,142 5,119 5,160 5,051 5,119 5,229 5,229 5,249 5,253 5,353 5,315 5,420 5,494 5,542 5,563 5,570
Multi-Asset Highly Liquid 3,625 3,637 3,672 3,695 3,659 3,736 3,734 3,951 3,514 3,106 3,363 3,469 3,519 3,629 3,737 3,631 3,569 3,858 3,961 3,990 4,075 4,148 4,272 4,330 4,372 4,395 4,372 4,255 4,394 4,315 4,408 4,230 4,163 4,174 3,919 3,920 3,657 3,842 3,818 3,548 3,668 3,876 3,719 3,922 3,800 3,868 3,900 3,835 3,954 4,032 3,930 3,783 3,686 3,925 4,068 4,073 4,173 4,257 4,117 4,137 4,188 4,271 4,389 4,445 4,353 4,485 4,357 4,464 4,470 4,337 4,313 4,456 4,587 4,572 4,661 4,756 4,804 4,837 4,815
Multi-Asset Moderately Liquid 48 49 41 44 47 47 45 44 46 54 44 45 43 45 45 46 44 40 42 40 40 45 43 43 42 43 44 52 53 54 50 46 41 40 38 36 34 34 36 35 36 36 35 36 36 34 39 35 33 32 34 30 29 31 32 32 31 38 33 26 27 27 30 27 26 27 30 37 25 23 32 28 22 26 26 26 25 27 45
Multi-Asset Less Liquid 22 20 16 15 14 15 16 14 14 14 15 15 17 18 17 19 18 19 18 18 16 16 17 18 19 20 20 23 24 25 26 29 26 29 33 23 23 22 21 19 19 18 17 17 15 17 16 16 15 16 15 17 15 15 18 15 14 15 16 15 15 15 15 16 17 15 22 16 17 17 18 18 19 18 17 19 18 17 18
Multi-Asset Illiquid 12 13 11 12 11 12 11 11 12 10 10 10 10 10 12 11 11 12 12 13 12 11 12 14 13 15 15 15 14 14 13 20 13 13 13 12 12 14 12 12 12 14 12 12 13 12 11 12 13 12 12 14 12 11 11 11 11 12 12 10 11 12 13 13 13 12 13 15 14 15 17 15 17 16 16 15 16 17 17
Multi-Asset Subtotal 3,707 3,719 3,740 3,765 3,731 3,810 3,806 4,020 3,586 3,183 3,432 3,539 3,590 3,701 3,811 3,707 3,642 3,928 4,032 4,060 4,143 4,220 4,343 4,405 4,447 4,473 4,452 4,344 4,485 4,408 4,497 4,325 4,244 4,255 4,003 3,991 3,725 3,912 3,887 3,614 3,734 3,943 3,784 3,988 3,864 3,931 3,966 3,898 4,015 4,092 3,992 3,843 3,742 3,981 4,128 4,131 4,229 4,322 4,178 4,189 4,240 4,325 4,448 4,501 4,410 4,540 4,421 4,532 4,526 4,391 4,379 4,517 4,644 4,632 4,721 4,816 4,863 4,899 4,895
Global Equity Highly Liquid 2,853 2,780 2,729 2,792 2,864 2,882 2,909 2,890 2,711 2,316 2,430 2,596 2,717 2,797 2,908 2,777 2,725 3,048 3,178 3,185 3,210 3,118 3,301 3,480 3,406 3,337 3,512 3,373 3,503 3,359 3,400 3,153 3,202 3,216 2,885 3,006 2,764 2,818 2,592 2,321 2,400 2,654 2,537 2,731 2,632 2,689 2,600 2,638 2,801 2,831 2,767 2,537 2,448 2,713 2,722 2,791 2,890 2,799 2,674 3,112 3,062 3,124 3,301 3,195 3,033 3,117 2,840 3,086 3,261 3,194 3,006 3,403 3,511 3,521 3,639 3,638 3,696 3,830 3,530
Global Equity Moderately Liquid 72 80 76 67 70 67 77 75 71 34 112 60 47 68 88 113 82 72 79 56 87 215 132 58 110 156 174 165 166 149 180 174 122 99 140 82 54 109 98 93 97 115 74 109 111 107 230 103 72 126 80 154 182 137 120 135 149 214 300 121 158 146 38 188 207 140 118 114 29 44 293 64 87 28 28 116 129 33 357
Global Equity Less Liquid 6 8 6 8 7 5 66 8 7 6 13 10 8 10 11 21 13 6 16 10 9 24 30 12 10 11 17 18 8 9 18 49 9 12 49 17 7 9 7 9 7 8 33 9 5 20 20 13 12 20 15 31 13 14 141 15 6 103 58 12 8 12 16 18 15 8 195 55 5 11 23 7 7 6 7 23 5 5 20
Global Equity Illiquid 23 21 20 26 21 23 35 22 21 16 21 23 25 25 23 26 23 25 29 30 28 28 34 33 39 39 38 37 36 39 45 103 29 25 39 23 21 22 22 24 21 22 22 23 21 28 23 22 24 24 23 49 23 23 27 23 25 41 26 22 22 24 26 37 25 23 19 19 20 29 18 19 18 18 19 34 21 20 23
Global Equity Subtotal 2,954 2,889 2,832 2,893 2,963 2,976 3,087 2,995 2,809 2,373 2,576 2,689 2,796 2,901 3,030 2,936 2,843 3,152 3,302 3,281 3,334 3,385 3,496 3,584 3,565 3,542 3,742 3,594 3,713 3,556 3,643 3,480 3,362 3,352 3,113 3,129 2,847 2,957 2,719 2,448 2,525 2,799 2,667 2,872 2,769 2,844 2,874 2,776 2,909 3,001 2,886 2,771 2,666 2,887 3,011 2,965 3,071 3,156 3,058 3,268 3,249 3,306 3,382 3,438 3,279 3,288 3,173 3,274 3,314 3,278 3,340 3,493 3,624 3,574 3,692 3,810 3,851 3,889 3,930
Municipal Bond Highly Liquid 770 786 804 800 787 803 809 834 853 726 698 728 761 774 793 776 772 790 809 880 871 870 892 901 910 928 939 930 925 939 944 934 919 886 843 828 792 813 794 752 726 743 729 757 741 749 752 742 746 751 739 713 695 723 740 748 751 758 746 755 768 778 789 803 794 807 793 803 814 805 787 791 801 802 803 827 830 833 835
Municipal Bond Moderately Liquid 13 13 12 13 13 13 13 15 18 40 44 44 12 38 38 52 60 55 35 20 25 33 29 31 12 33 30 39 43 41 32 25 24 14 11 10 10 11 12 11 11 11 11 10 10 11 11 10 10 11 10 10 9 12 11 12 13 11 12 7 6 7 6 7 8 8 7 7 7 4 4 4 3 4 4 5 6 6 5
Municipal Bond Less Liquid 6 4 7 4 4 4 4 4 5 6 10 9 29 15 5 15 13 23 36 8 9 8 9 11 32 9 9 8 8 9 8 8 8 7 7 6 7 7 8 7 8 7 6 6 5 5 5 5 5 5 5 4 4 4 5 6 5 5 6 4 5 4 4 4 5 5 4 5 4 3 4 3 4 4 4 4 4 4 4
Municipal Bond Illiquid 6 5 5 5 5 5 5 8 6 12 14 13 17 15 16 14 17 11 14 7 9 11 10 11 11 10 11 10 10 11 16 13 12 11 10 11 13 12 13 10 9 13 10 12 13 12 11 11 11 12 12 12 11 12 13 12 12 12 11 12 13 13 14 12 11 10 10 11 12 11 11 12 12 12 13 13 14 13 13
Municipal Bond Subtotal 795 808 827 822 809 825 831 861 882 784 766 794 819 842 853 858 862 879 894 916 914 922 940 953 965 980 989 986 986 1,000 1,000 980 963 918 870 855 823 843 826 779 753 775 757 786 769 776 779 768 773 778 766 738 720 752 769 778 781 785 775 778 792 802 813 825 817 830 814 826 837 824 806 810 820 822 824 848 854 857 856
Total Total 20,229 20,299 20,151 20,317 20,428 20,832 21,163 21,436 20,232 17,853 19,137 19,838 20,298 21,127 21,930 21,441 21,163 22,903 23,595 23,663 24,118 24,548 25,357 25,561 25,802 26,010 26,523 25,696 26,630 26,103 26,538 25,335 24,777 24,902 23,223 23,043 21,482 22,674 21,889 20,274 20,992 22,047 21,058 22,211 21,631 22,051 22,185 21,941 22,785 23,314 22,802 21,933 21,327 22,801 23,718 23,779 24,549 25,142 24,271 25,044 25,367 25,757 26,201 26,574 26,110 27,005 26,068 26,744 26,592 25,663 25,629 26,600 27,528 27,382 27,911 28,521 28,815 28,838 29,172

Aggregate Gross Value of ETF Investments by Liquidity Classification

This table includes fund of funds and relies upon value reported (Form N-PORT, Item C.2.c) and liquidity classifications (Form N-PORT, Item C.7). This table does not generally cover in-kind ETFs as defined in Rule 22e-4 under the Investment Company Act of 1940 (17 CFR 270.22e-4).

$10.4T
latest value in December 2025
30.6%
year-over-year change (December 2024 to December 2025)
Zoom
Start Date — End Date —
View source table (Tab.8.4)
Prevalent Asset Class Classification 2019-06 2019-07 2019-08 2019-09 2019-10 2019-11 2019-12 2020-01 2020-02 2020-03 2020-04 2020-05 2020-06 2020-07 2020-08 2020-09 2020-10 2020-11 2020-12 2021-01 2021-02 2021-03 2021-04 2021-05 2021-06 2021-07 2021-08 2021-09 2021-10 2021-11 2021-12 2022-01 2022-02 2022-03 2022-04 2022-05 2022-06 2022-07 2022-08 2022-09 2022-10 2022-11 2022-12 2023-01 2023-02 2023-03 2023-04 2023-05 2023-06 2023-07 2023-08 2023-09 2023-10 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 2024-05 2024-06 2024-07 2024-08 2024-09 2024-10 2024-11 2024-12 2025-01 2025-02 2025-03 2025-04 2025-05 2025-06 2025-07 2025-08 2025-09 2025-10 2025-11 2025-12
US Equity Highly Liquid 1,432 1,467 1,448 1,488 1,512 1,577 1,613 1,617 1,498 1,284 1,454 1,524 1,566 1,647 1,753 1,700 1,683 1,921 2,020 2,039 2,139 2,258 2,393 2,430 2,529 2,578 2,673 2,580 2,784 2,786 2,908 2,770 2,751 2,879 2,638 2,666 2,477 2,713 2,635 2,407 2,606 2,753 2,615 2,794 2,726 2,747 2,770 2,756 2,965 3,104 3,053 2,919 2,852 3,159 3,374 3,416 3,623 3,767 3,940 4,155 4,309 4,451 4,579 4,683 4,682 5,081 4,954 5,146 5,071 4,845 4,824 5,122 5,395 5,523 5,697 5,944 6,072 6,156 6,243
US Equity Moderately Liquid 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 2 1 0 1 1 1 1 1 1 1 1 1 1 1 1 2 1 2 1 1 0 1 1 1 1 1 1 1 1 1 1 2 0 1 1 2 0 0 0 0 3 1 5 0 0 0 0 0 1 0 0 0 1 1 0 0 1
US Equity Less Liquid 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
US Equity Illiquid 1 1 0 0 0 0 1 0 0 1 1 1 1 1 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 13 1 1 2 2 1 1 1 0 2 1 2 0 1 0 1 1 1 0 1 1 1 2 0 0 0 0 0 2 0 0 2 1 2 1 1 0 1 1 1 1 0 1 1 1 0 3 3 1
US Equity Subtotal 1,433 1,469 1,448 1,488 1,513 1,578 1,615 1,618 1,499 1,285 1,456 1,526 1,568 1,649 1,755 1,701 1,686 1,923 2,021 2,040 2,140 2,259 2,396 2,432 2,531 2,580 2,675 2,582 2,786 2,788 2,922 2,772 2,753 2,881 2,641 2,668 2,479 2,716 2,637 2,411 2,608 2,755 2,616 2,796 2,727 2,749 2,772 2,757 2,966 3,105 3,056 2,920 2,855 3,162 3,375 3,417 3,624 3,769 3,943 4,155 4,309 4,453 4,583 4,687 4,688 5,082 4,955 5,147 5,072 4,846 4,826 5,123 5,397 5,524 5,699 5,945 6,075 6,159 6,245
Taxable Bond Highly Liquid 513 526 538 548 556 559 569 590 607 572 601 631 654 683 777 859 878 890 898 913 914 913 944 961 982 1,005 1,012 1,020 1,033 1,028 1,027 1,059 1,059 1,054 1,033 1,051 1,030 1,079 1,069 1,054 1,059 1,099 1,099 1,153 1,132 1,179 1,196 1,204 1,208 1,218 1,205 1,180 1,176 1,237 1,278 1,302 1,299 1,316 1,314 1,351 1,375 1,432 1,485 1,523 1,514 1,554 1,507 1,555 1,609 1,623 1,658 1,666 1,715 1,728 1,792 1,824 1,874 1,891 1,915
Taxable Bond Moderately Liquid 1 1 3 3 1 1 1 1 1 3 2 2 2 2 2 2 1 2 3 3 6 7 3 4 3 3 3 3 4 4 7 6 4 7 6 6 6 6 5 5 5 5 2 3 3 4 3 3 4 4 4 4 4 4 5 4 7 7 8 7 9 8 6 11 12 15 15 18 21 20 17 19 19 20 20 21 22 26 25
Taxable Bond Less Liquid 6 7 4 5 7 7 8 8 7 6 5 6 7 7 8 7 7 8 10 11 13 13 14 16 17 17 17 18 19 20 21 20 20 20 21 19 17 16 16 14 13 13 13 14 13 12 12 11 11 12 12 17 12 17 15 15 20 17 17 19 19 20 18 19 20 24 25 28 28 24 20 21 22 22 22 22 21 21 22
Taxable Bond Illiquid 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 1 1 1 2 3 2 1 2 2 2 1 1 2 3 1 1 1 2 1 1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 2 2 2 2 2 2 2
Taxable Bond Subtotal 522 535 547 558 565 568 579 600 616 582 610 640 664 694 788 869 888 901 912 928 935 933 963 982 1,003 1,025 1,034 1,043 1,057 1,053 1,060 1,086 1,084 1,082 1,061 1,078 1,054 1,102 1,092 1,075 1,078 1,119 1,115 1,172 1,151 1,196 1,212 1,218 1,224 1,234 1,221 1,203 1,193 1,259 1,298 1,322 1,326 1,340 1,340 1,378 1,405 1,462 1,511 1,554 1,547 1,595 1,549 1,602 1,658 1,668 1,696 1,707 1,757 1,771 1,836 1,870 1,918 1,941 1,964
Global Equity Highly Liquid 550 539 511 520 542 555 582 570 532 428 455 469 493 521 546 534 536 613 667 711 734 759 782 821 816 801 823 805 835 800 826 814 808 819 763 780 730 749 727 650 666 760 752 829 795 813 806 799 843 878 845 768 724 838 830 863 894 886 1,039 1,201 1,167 1,218 1,267 1,252 1,192 1,246 1,131 1,212 1,304 1,305 1,228 1,440 1,475 1,519 1,589 1,569 1,627 1,715 1,762
Global Equity Moderately Liquid 7 7 9 6 7 6 5 8 6 14 22 14 13 15 16 11 17 18 16 3 6 6 9 3 9 14 15 16 16 15 18 16 14 9 14 7 5 13 12 12 13 16 7 14 15 14 30 15 9 19 12 45 68 22 14 23 24 19 119 23 51 25 4 58 81 28 38 27 5 11 133 12 46 2 2 80 81 6 118
Global Equity Less Liquid 1 1 1 1 1 0 4 0 1 3 3 1 1 2 2 11 2 2 3 0 0 2 3 1 1 1 1 1 1 0 1 5 0 1 2 2 1 1 1 1 1 2 5 1 1 2 2 2 1 2 2 2 1 1 59 2 1 41 16 2 1 2 2 3 3 1 69 39 0 2 8 1 0 0 0 4 0 0 1
Global Equity Illiquid 1 1 1 4 2 3 4 4 4 4 4 4 6 6 4 5 6 7 8 7 6 5 6 6 8 8 9 9 10 13 13 12 9 7 11 8 6 7 7 6 6 8 7 7 7 8 7 7 7 7 7 23 7 7 8 7 9 12 9 8 8 9 9 17 9 8 7 7 8 14 6 6 6 7 6 18 8 7 8
Global Equity Subtotal 559 548 521 531 552 564 595 582 543 449 484 488 514 544 568 561 562 640 693 721 746 771 801 830 834 824 848 831 861 828 858 847 832 836 789 798 742 770 746 669 686 786 771 852 818 836 845 823 861 907 865 837 800 869 912 896 927 957 1,183 1,234 1,226 1,255 1,282 1,330 1,285 1,283 1,245 1,286 1,317 1,332 1,375 1,459 1,527 1,528 1,598 1,671 1,717 1,728 1,888
Municipal Bond Highly Liquid 29 35 31 32 32 34 35 37 39 35 34 37 40 42 43 43 44 46 50 53 53 54 56 57 60 62 62 63 64 66 67 65 66 65 66 73 74 76 74 71 77 84 86 89 87 89 90 89 90 92 95 93 96 105 107 107 107 110 109 110 112 116 120 123 124 128 125 128 132 129 132 134 140 142 147 153 165 170 173
Municipal Bond Moderately Liquid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Municipal Bond Less Liquid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Municipal Bond Illiquid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Municipal Bond Subtotal 29 35 31 32 33 34 35 37 39 35 34 37 40 42 43 44 44 46 50 53 53 54 57 58 60 62 63 63 64 66 67 66 67 65 66 74 75 76 74 72 77 85 87 90 88 90 91 90 92 94 97 94 98 106 109 109 108 111 110 111 114 118 120 123 124 129 125 128 133 130 132 134 141 142 148 153 165 171 174
Multi-Asset Highly Liquid 17 18 44 34 21 46 21 21 52 21 26 31 37 39 45 45 43 47 43 43 49 49 53 54 50 50 51 47 47 49 52 56 55 58 58 56 56 56 53 52 81 80 74 77 72 75 72 73 78 85 89 79 65 69 74 74 83 83 95 98 102 108 108 113 109 117 119 130 140 140 137 157 153 154 179 174 189 222 169
Multi-Asset Moderately Liquid 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 1 0 2 1 1 2 0 0 2 0 1 3 0 0 1 0 0 1
Multi-Asset Less Liquid 0 0 0 2 2 2 2 2 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Multi-Asset Illiquid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Multi-Asset Subtotal 18 19 45 36 23 48 24 24 54 23 28 33 38 40 46 45 44 48 44 44 50 50 54 55 51 52 53 48 49 51 53 57 56 59 59 57 57 58 54 53 82 81 76 78 73 76 72 74 79 86 90 80 66 70 74 75 84 84 96 99 103 109 109 115 110 118 121 131 140 142 138 158 157 154 180 175 190 223 171
Total Total 2,561 2,605 2,592 2,645 2,685 2,792 2,848 2,861 2,752 2,374 2,612 2,725 2,823 2,969 3,201 3,221 3,224 3,558 3,721 3,787 3,925 4,068 4,271 4,357 4,479 4,544 4,673 4,567 4,817 4,786 4,961 4,827 4,792 4,924 4,617 4,674 4,408 4,721 4,603 4,280 4,533 4,826 4,665 4,988 4,856 4,947 4,992 4,963 5,222 5,426 5,328 5,135 5,011 5,465 5,768 5,819 6,070 6,262 6,673 6,978 7,157 7,396 7,605 7,808 7,754 8,206 7,995 8,293 8,320 8,118 8,166 8,581 8,979 9,120 9,459 9,815 10,065 10,222 10,442

Number of Funds

Total Fund Assets

Flows

Returns

Fund Portfolio Investments by Category

Fund Portfolio Investments by Country and Currency for Closed-End Funds

Fund Portfolio Investments by Country and Currency for ETFs

Fund Portfolio Investments by Country and Currency for Mutual Funds

Fund Derivative Investments

Liquidity Classifications

Securities Lending