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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cma Treasury Fund (MM) | NASDAQ:CMTXX | NASDAQ | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-02752 and 811-21299
Name of Fund: BIF Money Fund and Master Money LLC
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BIF Money Fund and Master Money LLC, 55 East 52 nd Street, New York, NY 10055
Registrants’ telephone number, including area code: (800) 626-1960
Date of fiscal year end: 03/31/2014
Date of reporting period: 12/31/2013
Item 1 – Schedule of Investments
Schedule of Investments December 31, 2013 (Unaudited) |
BIF Money Fund (Percentages shown are based on Net Assets) |
Mutual Fund | Value | |
Master Money LLC | $ | 5,493,863,776 |
Total Investments (Cost - $5,493,863,776) – 100.0% | 5,493,863,776 | |
Liabilities in Excess of Other Assets – (0.0)% | (502,320) | |
Net Assets – 100.0% | $ | 5,493,361,456 |
BIF Money Fund (the “Fund”) seeks to achieve its investment objective by investing all of its assets in Master Money LLC (the "Master LLC"), which has the same investment objective and strategies as the Fund. As of December 31, 2013, the value of the investment and the percentage owned by the Fund of the Master LLC was $5,493,863,776 and 68.3%, respectively. |
The Fund records its investment in the Master LLC at fair value. The Fund’s investment in the Master LLC is valued pursuant to the pricing policies approved by the Board of Directors of the Master LLC. |
• | Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: | |
• | Level 1 – unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access | |
• | Level 2 – other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) | |
• | Level 3 – unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's own assumptions used in determining the fair value of investments) | |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. | |
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Master LLC’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments, please refer to the Master LLC’s most recent financial statements as contained in its semi-annual report. | |
As of December 31, 2013, the Fund's investment in the Master LLC was classified as Level 2. | |
There were no transfers between levels during the period ended December 31, 2013. |
BIF MONEY FUND | DECEMBER 31, 2013 | 1 |
Schedule of Investments December 31, 2013 (Unaudited) | Master Money LLC |
(Percentages shown are based on Net Assets) |
Certificates of Deposit |
Par
(000) |
Value | ||||
Euro — 2.3% | ||||||
HSBC Bank PLC, 0.30%, 1/15/14 | $ | 60,000 | $ | 60,000,000 | ||
National Australia Bank Ltd., London: | ||||||
0.25%, 3/07/14 | 53,500 | 53,500,000 | ||||
0.24%, 10/23/14 (a) | 75,000 | 75,000,000 | ||||
188,500,000 | ||||||
Yankee (b) — 45.9% | ||||||
Bank of Montreal, Chicago (a): | ||||||
0.34%, 1/10/14 | 29,500 | 29,500,000 | ||||
0.24%, 9/05/14 | 91,000 | 91,000,000 | ||||
Bank of Nova Scotia, Houston (a): | ||||||
0.27%, 8/08/14 | 50,000 | 50,000,000 | ||||
0.39%, 10/06/14 | 38,000 | 38,037,471 | ||||
0.24%, 12/04/14 | 175,000 | 175,000,000 | ||||
Barclays Bank PLC, 0.25%, 2/03/14 | 75,000 | 75,000,000 | ||||
BNP Paribas SA, NY (a): | ||||||
0.33%, 2/03/14 | 63,000 | 63,000,000 | ||||
0.30%, 5/09/14 | 75,000 | 75,000,000 | ||||
Canadian Imperial Bank of Commerce, NY (a): | ||||||
0.28%, 1/08/14 | 75,000 | 75,000,000 | ||||
0.27%, 2/04/14 | 62,500 | 62,500,000 | ||||
0.29%, 6/02/14 | 115,000 | 115,000,000 | ||||
0.23%, 8/08/14 | 76,000 | 76,000,000 | ||||
Credit Industriel et Commercial, NY, 0.26%, 1/06/14 | 60,000 | 60,000,000 | ||||
Credit Suisse, NY: | ||||||
0.26%, 3/18/14 | 35,000 | 35,000,000 | ||||
0.26%, 4/17/14 | 75,000 | 75,000,000 | ||||
0.32%, 6/06/14 (a) | 28,000 | 28,000,000 | ||||
Deutsche Bank AG, NY: | ||||||
0.30%, 2/28/14 (a) | 53,000 | 53,000,000 | ||||
0.30%, 5/30/14 | 120,000 | 120,000,000 | ||||
DNB Bank ASA, NY, 0.25%, 2/06/14 | 150,000 | 149,998,460 | ||||
Mitsubishi Trust & Bank, Co.: | ||||||
0.28%, 2/20/14 | 78,500 | 78,500,000 | ||||
0.22%, 3/12/14 (a) | 104,000 | 104,000,000 | ||||
National Australia Bank Ltd., NY (a): |
||||||
0.27%, 8/08/14 | 122,000 | 122,008,605 | ||||
0.24%, 8/14/14 | 60,000 | 60,000,000 | ||||
National Bank of Canada, NY, 0.30%, 3/10/14 (a) | 48,500 | 48,500,000 | ||||
Natixis, NY: | ||||||
0.26%, 2/03/14 | 68,000 | 68,000,000 | ||||
0.29%, 3/06/14 (c) | 89,000 | 88,993,913 |
Certificates of Deposit |
Par
(000) |
Value | ||||
Yankee (concluded) | ||||||
Nordea Bank Finland PLC., NY: | ||||||
0.25%, 1/09/14 | $ | 42,000 | $ | 42,000,000 | ||
0.25%, 1/17/14 | 68,000 | 68,000,160 | ||||
0.25%, 1/30/14 | 113,000 | 112,999,530 | ||||
Norinchukin Bank, NY: | ||||||
0.10%, 1/06/14 | 127,000 | 127,000,000 | ||||
0.11%, 1/08/14 | 50,000 | 50,000,000 | ||||
Rabobank Nederland NV, NY: | ||||||
0.41%, 1/08/14 | 76,000 | 76,000,000 | ||||
0.39%, 1/17/14 | 100,000 | 100,000,000 | ||||
0.28%, 9/16/14 (a) | 140,000 | 140,000,000 | ||||
Royal Bank of Canada, NY (a): | ||||||
0.23%, 1/15/14 | 35,000 | 35,000,000 | ||||
0.25%, 4/08/14 | 40,000 | 40,000,000 | ||||
0.27%, 10/10/14 | 49,000 | 49,000,000 | ||||
Skandinaviska Enskilda Banken, NY, 0.30%, 5/28/14 | 9,500 | 9,500,580 | ||||
Societe Generale, NY: | ||||||
0.25%, 1/31/14 | 35,000 | 35,000,000 | ||||
0.34%, 3/06/14 (c) | 44,000 | 44,000,000 | ||||
Sumitomo Mitsui Banking Corp., NY: | ||||||
0.23%, 2/10/14 | 134,500 | 134,500,000 | ||||
0.22%, 3/10/14 (a) | 80,000 | 80,000,000 | ||||
Sumitomo Mitsui Trust Bank Ltd. NY, 0.22%, 3/06/14 | 50,000 | 50,000,000 | ||||
Svenska Handelsbanken, NY, 0.26%, 1/17/14 | 55,000 | 55,000,130 | ||||
Toronto-Dominion Bank, NY: | ||||||
0.26%, 1/06/14 | 33,000 | 33,000,000 | ||||
0.21%, 6/24/14 (a) | 50,000 | 50,000,000 | ||||
0.23%, 7/24/14 (a) | 44,000 | 44,000,000 | ||||
0.25%, 8/12/14 | 46,000 | 46,000,000 | ||||
0.24%, 9/04/14 | 80,000 | 80,000,000 | ||||
UBS AG, Stamford, 0.29%, 3/31/14 (c) | 125,000 | 125,000,000 | ||||
Westpac Banking Corp., NY, 0.24%, 10/08/14 (a) | 44,000 | 44,000,000 | ||||
3,686,038,849 | ||||||
Total Certificates of Deposit — 48.2% | 3,874,538,849 | |||||
Commercial Paper | ||||||
Antalis US Funding Corp., 0.26%, 2/07/14 (d) | 30,500 | 30,491,629 | ||||
Australia & New Zealand Banking Group Ltd., 0.27%, 2/25/14 (a) | 50,000 | 50,000,000 | ||||
BNP Paribas Finance, Inc. (d): | ||||||
0.34%, 3/13/14 | 93,000 | 92,936,760 |
MASTER MONEY LLC | DECEMBER 31, 2013 | 1 |
Schedule of Investments (continued) | Master Money LLC |
(Percentages shown are based on Net Assets) |
Commercial Paper |
Par
(000) |
Value | ||||
BNP Paribas Finance, Inc. (d) (concluded): | ||||||
0.32%, 6/10/14 | $ | 50,000 | $ | 49,928,444 | ||
Collateralized Commercial Paper Co. LLC (d): | ||||||
0.30%, 1/30/14 | 135,000 | 134,966,250 | ||||
0.28%, 6/27/14 | 70,000 | 69,903,089 | ||||
Commonwealth Bank of Australia, 0.26%, 3/28/14 (a) | 74,500 | 74,511,170 | ||||
CPPIB Capital, Inc., 0.24%, 1/03/14 (d) | 25,800 | 25,799,484 | ||||
DNB Bank ASA, 0.26%, 1/27/14 (d) |
50,200 | 50,190,211 | ||||
Erste Abwicklungsanstalt (d): | ||||||
0.24%, 1/15/14 | 92,000 | 91,990,992 | ||||
0.21%, 3/10/14 | 60,000 | 59,975,850 | ||||
HSBC Bank PLC, 0.24%, 10/30/14 (a) | 60,000 | 60,000,000 | ||||
ING (US) Funding LLC, 0.29%, 1/16/14 (d) | 50,000 | 49,993,556 | ||||
Kells Funding LLC: | ||||||
0.24%, 5/12/14 (d) | 40,500 | 40,464,360 | ||||
0.21%, 7/07/14 (a) | 15,000 | 15,000,000 | ||||
0.24%, 10/15/14 (a)(e) | 40,000 | 39,996,799 | ||||
LMA Americas LLC, 0.20%, 1/17/14 (d) | 40,000 | 39,996,222 | ||||
Nederlandse Waterschapsbank NV (a): | ||||||
0.22%, 6/24/14 (e) | 14,000 | 14,000,000 | ||||
0.28%, 7/28/14 | 13,000 | 13,001,508 | ||||
0.28%, 7/30/14 | 12,000 | 12,001,405 | ||||
Societe Generale North America, Inc., 0.25%, 3/03/14 (d) | 50,000 | 49,978,472 | ||||
Svenska Handelsbanken AB, Inc. (d): |
||||||
0.25%, 1/21/14 | 51,000 | 50,992,563 | ||||
0.25%, 2/04/14 | 25,500 | 25,493,802 | ||||
0.25%, 2/07/14 | 55,000 | 54,985,486 | ||||
Sydney Capital Corp., 0.22%, 1/24/14 (d) | 15,000 | 14,997,800 | ||||
Thunder Bay Funding, LLC: | ||||||
0.24%, 1/27/14 (d) | 16,000 | 15,997,120 | ||||
0.23%, 3/26/14 (a) | 25,000 | 25,000,000 | ||||
Westpac Banking Corp., 0.27%, 7/09/14 (a) | 50,000 | 50,000,000 | ||||
Westpac Banking Corp., NY, 0.25%, 4/24/14 (a)(e) | 49,000 | 49,001,041 | ||||
Total Commercial Paper — 16.8% | 1,351,594,013 | |||||
Corporate Notes |
Par
(000) |
Value | ||||
Nederlandse Waterschapsbank NV, 1.38%, 5/16/14 | $ | 25,000 | $ | 25,106,214 | ||
NRW Bank, 0.56%, 12/01/14 (a) | 81,710 | 81,940,345 | ||||
Svenska Handelsbanken AB, 0.28%, 5/15/14 (a)(e) | 65,600 | 65,600,000 | ||||
Total Corporate Notes — 2.1% | 172,646,559 | |||||
Municipal Bonds (c) | ||||||
Alaska Housing Finance Corp., RB, VRDN, Series B, 0.08%, 1/07/14 | 50,000 | 50,000,000 | ||||
California Health Facilities Financing Authority, RB, VRDN, Scripps Health, Series E (Bank of America NA LOC), 0.05%, 1/07/14 | 23,450 | 23,450,000 | ||||
California HFA, HRB, M/F, Series E, 0.05%, 1/07/14 | 18,385 | 18,385,000 | ||||
California HFA, RB, VRDN: | ||||||
Home Mortgage, Series B, AMT (Fannie Mae, Freddie Mac), 0.04%, 1/07/14 | 23,215 | 23,215,000 | ||||
Home Mortgage, Series B, AMT (Fannie Mae, Freddie Mac), 0.04%, 1/07/14 | 13,690 | 13,690,000 | ||||
Home Mortgage, Series E-1, AMT (Freddie Mac, Fannie Mae LOC), 0.04%, 1/07/14 | 7,000 | 7,000,000 | ||||
Series A, AMT (Freddie Mac LOC, Fannie Mae LOC), 0.04%, 1/07/14 | 7,285 | 7,285,000 | ||||
California Statewide Communities Development Authority, HRB, VRDN, AMT (Fannie Mae Liquidity Facility), Knolls at Green Valley, Series FF, 0.05%, 1/07/14 | 13,205 | 13,205,000 | ||||
Central Plains Energy Project Nebraska, Refunding RB, VRDN, Gas Project No. 2 (Royal Bank of Canada SBPA), 0.06%, 1/07/14 | 44,460 | 44,460,000 | ||||
City & County of Denver Colorado, COP, Refunding, VRDN, Series A3 (JPMorgan Chase Bank NA SBPA), 0.04%, 1/02/14 | 16,300 | 16,300,000 |
MASTER MONEY LLC | DECEMBER 31, 2013 | 2 |
Schedule of Investments (continued) | Master Money LLC |
(Percentages shown are based on Net Assets) |
Municipal Bonds (c) |
Par
(000) |
Value | ||||
City of New York New York, GO, VRDN, Sub-Series A-3 (Morgan Stanley Bank LOC), 0.05%, 1/07/14 | $ | 12,090 | $ | 12,090,000 | ||
Connecticut State Health & Educational Facility Authority, RB, VRDN, Yale-New Haven Hospital, Series U-2 (Yale University Liquidity Facility), 0.04%, 1/07/14 | 24,580 | 24,580,000 | ||||
Connecticut State Health & Educational Facility Authority, Refunding RB, VRDN, Yale-New Haven Hospital, Series K-2 (JPMorgan Chase Bank NA LOC), 0.04%, 1/07/14 | 15,445 | 15,445,000 | ||||
County of Shelby Tennessee, GO, VRDN, Series B, Public Improvement and School Bonds, 0.05%, 1/07/14 | 10,005 | 10,005,000 | ||||
Essex County Improvement Authority, HRB, VRDN, ACES, Pooled Government Loan Program (Wells Fargo Bank NA LOC), 0.04%, 1/07/14 | 11,225 | 11,225,000 | ||||
Illinois Finance Authority, RB, VRDN, University of Chicago Medical Center, Series E-1 (JPMorgan Chase Bank NA LOC), 0.04%, 1/02/14 | 13,200 | 13,200,000 | ||||
Illinois Finance Authority, Refunding RB, VRDN (JPMorgan Chase Bank NA LOC): | ||||||
Children's Memorial Hospital, Series D, 0.05%, 1/07/14 | 3,300 | 3,300,000 | ||||
Little Co. of Mary Hospital and Health Care Centers, Series B, 0.05%, 1/07/14 | 25,300 | 25,300,000 | ||||
Indiana Finance Authority, Refunding RB, VRDN, Sisters of St. Francis, Series B (JPMorgan Chase Bank LOC), 0.06%, 1/07/14 | 20,700 | 20,700,000 | ||||
Los Angeles Community Redevelopment Agency California, Refunding RB, VRDN, Promenade Towers Project (Freddie Mac Liquidity Facility), 0.05%, 1/07/14 | 34,300 | 34,300,000 | ||||
Metropolitan Water District of Southern California, Refunding RB, VRDN, Series A-1 (Bank of America NA SBPA), 0.03%, 1/07/14 | 4,200 | 4,200,000 | ||||
Municipal Bonds (c) |
Par
(000) |
Value | ||||
Michigan State Building Authority, Refunding RB, VRDN, Facilities Program, Series I (JPMorgan Chase Bank NA LOC), 0.04%, 1/07/14 | $ | 5,900 | $ | 5,900,000 | ||
Nebraska Investment Finance Authority, Refunding RB, VRDN, Series B (Ginnie Mae, Fannie Mae & Federal Home Loan Bank), 0.05%, 1/07/14 | 19,265 | 19,265,000 | ||||
New York City Housing Development Corp., HRB, VRDN (Fannie Mae LOC): | ||||||
90 West Street, Series A, 0.04%, 1/07/14 | 40,830 | 40,830,000 | ||||
155 West 21st Street Development, Series A, 0.04%, 1/07/14 | 10,000 | 10,000,000 | ||||
West 61st Street Apartments, Series A, AMT, 0.04%, 1/07/14 | 12,000 | 12,000,000 | ||||
West 89th Street Development, Series A, AMT, 0.04%, 1/07/14 | 35,600 | 35,600,000 | ||||
New York City Housing Development Corp. New York, Refunding RB, VRDN, M/F, The Crest, Series A (Landesbank Hessen-Thüringen LOC), 0.06%, 1/07/14 | 32,845 | 32,845,000 | ||||
New York City Industrial Development Agency, RB, VRDN, New York Law School Project, Series A (JPMorgan Chase Bank NA LOC), 0.04%, 1/07/14 | 17,515 | 17,515,000 | ||||
New York State HFA, HRB VRDN: | ||||||
10 Barclay Street, Series A, AMT (Fannie Mae Liquidity Facility), 0.04%, 1/07/14 | 71,245 | 71,245,000 | ||||
125 West 31st Street Housing, Series A, AMT (Fannie Mae SBPA, Fannie Mae Guarantor), 0.04%, 1/07/14 | 30,000 | 30,000,000 | ||||
160 West 62nd Street, Series A2 (Wells Fargo Bank NA LOC), 0.06%, 1/07/14 | 39,000 | 39,000,000 | ||||
160 West 62nd Street, Series B (Wells Fargo Bank LOC), 0.12%, 1/07/14 | 10,750 | 10,750,000 |
MASTER MONEY LLC | DECEMBER 31, 2013 | 3 |
Schedule of Investments (continued) | Master Money LLC |
(Percentages shown are based on Net Assets) |
MASTER MONEY LLC | DECEMBER 31, 2013 | 4 |
Schedule of Investments (continued) | Master Money LLC |
(Percentages shown are based on Net Assets) |
Repurchase Agreements |
Par
(000) |
Value | |||
Barclays Capital, Inc., 0.63%, 4/05/14 (Purchased on 12/31/13 to be repurchased at $25,041,563, collateralized by various Corporate/Debt Obligations, 0.00% - 9.16% due 9/07/18 - 6/25/46, original par and fair value of $196,716,662 and $27,914,968, respectively) (a) | $ | 25,000 | $ | 25,000,000 | |
Total Value of Barclays (collateral value of $27,914,968) | 25,000,000 | ||||
Citigroup Global Markets, Inc., 0.62%, 2/04/14 (Purchased on 12/31/13 to be repurchased at $127,076,563, collateralized by various Corporate/Debt Obligations, 0.00% - 7.34% /due 6/25/14 - 10/01/97, original par and fair value of $721,206,368 and $138,012,934, respectively) (a) | 127,000 | 127,000,000 | |||
Total Value of Citigroup, Inc. (collateral value of $138,012,934) | 127,000,000 | ||||
Credit Suisse Securities (USA) LLC, 0.34%, 1/30/14 (Purchased on 12/31/13 to be repurchased at $31,508,925, collateralized by Freddie Mac, 9.25% due 12/15/43, original par and fair value of $31,315,000 and $33,706,026, respectively) | 31,500 | 31,500,000 | |||
Total Value of Credit Suisse Securities (collateral value of $33,706,026) | 31,500,000 | ||||
Deutsche Bank Securities, Inc., 0.02%, 1/02/14 (Purchased on 12/31/13 to be repurchased at $10,000,011, collateralized by various Government Sponsored Agency Obligations, 3.03% - 5.41%, due 6/25/27 - 4/14/36, original par and fair value of $10,960,000 and $10,200,130, respectively) | 10,000 | 10,000,000 | |||
Repurchase Agreements |
Par
(000) |
Value | |||
Deutsche Bank Securities, Inc., 0.03%, 1/02/14 (Purchased on 12/31/13 to be repurchased at $114,631,191, collateralized by various Government Sponsored Agency Obligations, 1.80% to 3.5.0%, due 7/16/37 to 12/20/43, original par and fair value of $141,221,363 and $122,655,170, respectively) | $ | 114,631 | $ | 114,631,000 | |
Total Value of Deutsche Bank AG (collateral value of $132,855,300) | 124,631,000 | ||||
Mizuho Securities USA, Inc., 0.02%, 1/02/14 (Purchased on 12/31/13 to be repurchased at $5,000,006, collateralized by a US treasury obligation, 0.00%, due 1/23/14 to 2/15/43, original par and fair value of $40,643,029 and $19,009,796, respectively) | 5,000 | 5,000,000 | |||
Mizuho Securities USA, Inc., 1.11%, 2/01/14 (Purchased on 12/31/13 to be repurchased at $90,860,250, collateralized by Various US Government Sponsored Agency and Corporate/Debt Obligations, 0.00% - 7.43% due 3/15/29 - 9/25/47, original par and fair value of $1,052,208,997 and $103,371,097, respectively) (a) | 90,000 | 90,000,000 | |||
Total Value of Mizuho Securities USA LLC (collateral value of $122,380,893) | 95,000,000 | ||||
Wells Fargo Securities, LLC, 0.18%, 1/02/14 (Purchased on 12/31/13 to be repurchased at $28,000,280, collateralized by various US Government Sponsored Agency and Corporate/Debt Obligations, 0.00% to 6.88%, due 8/31/15 to 12/10/49, original par and fair value of $69,490,185 and $31,876,668, respectively) (a) | 28,000 | 28,000,000 |
MASTER MONEY LLC | DECEMBER 31, 2013 | 5 |
Schedule of Investments (continued) | Master Money LLC |
(Percentages shown are based on Net Assets) |
Repurchase Agreements |
Par
(000) |
Value | |||
Wells Fargo Securities, LLC, 0.47%, 1/07/14 (Purchased on 12/31/13 to be repurchased at $19,801,810, collateralized by various US Government Sponsored Agency and Corporate/Debt Obligations, 0.00% to 7.38%, due 12/15/14 to 2/10/51, original par and fair value of $42,258,680 and $22,590,607, respectively) | $ | 19,800 | $ | 19,800,000 | |
Total Value of Wells Fargo & Co. (collateral value of $54,467,275) | 47,800,000 | ||||
Total Repurchase Agreements — 5.6% | 450,931,000 | ||||
|
Value | |||
Total Investments
(Cost — $8,015,233,747*) — 99.7% |
$ | 8,015,233,747 | ||
Other Assets Less Liabilities — 0.3% | 24,024,591 | |||
Net Assets — 100.0% | $ | 8,039,258,338 | ||
* |
Cost for federal income tax purposes.
|
Notes to Schedule of Investments |
||
(a) | Variable rate security. Rate shown is as of report date. | |
(b) | Issuer is a US branch of foreign domiciled bank. | |
(c) | Variable rate security. Rate shown is as of report date and maturity shown is the date the principal owed can be recovered through demand. | |
(d) | Rates shown are discount rates or a range of discount rates paid at the time of purchase. | |
(e) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. | |
Portfolio Abbreviations |
||
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list: | ||
ACES | Adjustable Convertible Extendible Securities | |
AMT | Alternative Minimum Tax (subject to) | |
COP | Certificates of Participation | |
Fannie Mae | Federal National Mortgage Association | |
FLOATS | Floating Rate Securities | |
Freddie Mac | Federal Home Loan Mortgage Corp. | |
Ginnie Mae | Government National Mortgage Association | |
GO | General Obligation Bonds | |
HFA | Housing Finance Agency | |
HRB | Housing Revenue Bonds | |
IDA | Industrial Development Authority | |
LOC | Letter of Credit | |
M/F | Multi-Family | |
RB | Revenue Bonds | |
SBPA | Stand-by Bond Purchase Agreements | |
VRDN | Variable Rate Demand Notes | |
MASTER MONEY LLC | DECEMBER 31, 2013 | 6 |
Schedule of Investments (concluded) | Master Money LLC |
• |
Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:
|
|
• | Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Master LLC has the ability to access | |
• | Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) | |
• | Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Master LLC's own assumptions used in determining the fair value of investments) | |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Master LLC's policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Master LLC's policy regarding valuation of investments, please refer to the Master LLC's most recent financial statements as contained in its semi-annual report. The following table summarizes the Master LLC's investments categorized in the disclosure hierarchy as of December 31, 2013: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Total Investments 1 | — | $ | 8,015,233,747 | — | $ | 8,015,233,747 | ||||||||||
1 | See above Schedule of Investments for values in each security type. |
The carrying amount for certain of the Master LLC 's assets and/or liabilities approximates fair value for financial reporting purposes. As of December 31, 2013, cash of $1,792 is categorized as Level 1 within the disclosure hierarchy. |
There were no transfers between levels during the period ended December 31, 2013. |
MASTER MONEY LLC | DECEMBER 31, 2013 | 7 |
1 Year Cma Treasury Fund Chart |
1 Month Cma Treasury Fund Chart |
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