SEC issues new report on registered fund statistics

The Securities and Exchange Commission (SEC) published a new report this week of Registered Fund Statistics.

The report, which will be updated on a quarterly basis, is designed to provide the public with a regular and detailed picture of the registered funds industry, which consists of more than 12,000 funds and some $26 trillion in total net assets under management.

The report provides key industry statistics and shows trends over time, including information and trends related to portfolio holdings, flows, and returns, interest rate risk, and other exposures across U.S. mutual funds, exchange-traded funds, closed-end funds, and other registered funds.

“Providing data to the public is one of the more consequential things a government agency does,” SEC Chair Gary Gensler said. “This new report will give the public a view into the registered fund industry. Investors, issuers, economists, academics, and the public at large benefit from such regularly published economic data.”

The data for Registered Fund Statistics is aggregated from both the public and non-public information filed on Form N-PORT. Most of the aggregated data in the more than 70 separate tables of the report is being made public for the first time.

“The publication of this data will provide valuable information to a wide range of users,” SEC Chief Economist Jessica Wachter said. “Data that is accessible and useable by the public provides greater transparency into our capital markets.”

The Division of Investment Management is charged with administering the Investment Company Act of 1940 and Investment Advisers Act of 1940, including oversight of investment companies. The Division’s Analytics Office provides the Division and the SEC with practical reviews and actionable analyses of the asset management industry.

“This report provides the public an unprecedented view of the composition and activities of registered funds,” Tim Husson, head of the Division of Investment Management’s Analytics Office, said. “We welcome feedback on the report, which we believe will assist the public dialogue on issues pertaining to the asset management industry.”

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