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Changes for Floating NAV and Simple Yield Values for Money Market Funds

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  • Changes for Floating NAV and Simple Yield Values for Money Market Funds

    Changes for Floating NAV and Simple Yield Values for Money Market Funds

    Nasdaq has implemented industry wide changes related to how data is delivered and presented for Money Market Funds. The changes are intended to mitigate fund risk and improve fund regulation and transparency for investors.

    Nasdaq has stated that intraday NAV values will be generated and used to populate Open, High, Low and Close values for intraday and daily historical bar data.

    In the past, the Open, High, Low and Close values for Money Market symbols have been populated from either 7-day gross yield or subsidized 7-day yield values, depending on availability. The assumed NAV value has always been
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