Get GOVERNMENT MONEY MARKET FUND AS OF 8/31/2011 Weighted Average Maturity (WAM) Weighted Average Life

Schwab Value Advantage Money Fund – Investor Shares (SWVXX) This Schwab money market fund invests in high-quality, short-term debt issued by the U.S. and foreign countries. The fund is actively managed to maintain sound credit ratings and high yields. Don't let the higher expense ratio worry you. 7 Best Charles Schwab Mutual Funds Of December 2023 - Forbes forbes.com https://.forbes.com › advisor › investing › best-sch... forbes.com https://.forbes.com › advisor › investing › best-sch...

Weighted average life refers to how long it would take for roughly half of the outstanding principal amount on a loan to be repaid. To calculate weighted average life, divide the loan's outstanding weighted total payments by the unweighted total payments.

Weighted Average Life Test: Measures the maximum weighted average life of a CLO loan portfolio to limit the risk of a portfolio maturing after the maturity of the CLO debt. A WAL test steps down as a CLO ages and often has a floor of three or four years.

The rules that govern money market mutual funds permit the funds to buy only securities that mature in 397 days or less.

Weighted Average Maturity (WAM): 60-day maximum. 2. Weighted Average Life to Maturity (WAL): 120-day maximum. Money market funds must perform periodic stress tests, which generally measure a fund's ability to maintain liquid assets and minimize principal volatility during hypothetical test events.

Weighted Average Maturity (WAM): A weighted average of all the maturities of the securities held in a fund. WAM can be used as a measure of sensitivity to interest rate changes and markets changes. Generally, the longer the maturity, the greater the sensitivity to such changes. Understanding Money Market and Bond Fund Terminology fidelity.com https://institutional.fidelity.com › app › proxy › content fidelity.com https://institutional.fidelity.com › app › proxy › content

Generally, the Weighted Average Maturity of a Bond Issue is the sum of the product of the Issue Price of each maturity of the Bond Issue multiplied by the number of years from the Closing until that Maturity Date divided by the Issue Price of the entire Bond Issue. Weighted Average Maturity - NABL nabl.org https://.nabl.org › bond-basics › weighted-average-... nabl.org https://.nabl.org › bond-basics › weighted-average-...

The money market fund's weighted average life (WAL) is an average of the final maturities of all securities held in the portfolio, weighted by each security's percentage of net assets. This must not exceed 120 days by SEC Rule 2a-7. Money Market Yield / Return Definitions Goldman Sachs Asset Management https://.gsam.com › miscellaneous › GLM Goldman Sachs Asset Management https://.gsam.com › miscellaneous › GLM PDF