Form N-Q EDWARD JONES MONEY MARKE For: May 31
United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-Q
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Companies
811-2993
(Investment Company Act File Number)
Edward Jones Money Market Fund
___________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
John W. McGonigle, Esquire
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 02/28/17
Date of Reporting Period: Quarter ended 05/31/16
Item 1. Schedule of Investments
Principal Amount | Value | ||
GOVERNMENT AGENCIES—46.5% | |||
$540,000,000 | 1 | Federal Farm Credit System Discount Notes, 0.430% - 0.650%, 6/22/2016 - 4/11/2017 | $538,072,866 |
1,265,650,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.384% - 0.614%, 6/1/2016 - 6/28/2016 | 1,265,686,846 |
12,000,000 | Federal Farm Credit System, 0.420%, 6/24/2016 | 12,000,000 | |
1,848,500,000 | 1 | Federal Home Loan Bank System Discount Notes, 0.368% - 0.800%, 6/3/2016 - 2/17/2017 | 1,846,347,195 |
977,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.384% - 0.626%, 6/3/2016 - 8/21/2016 | 977,452,383 |
1,236,500,000 | Federal Home Loan Bank System, 0.360% - 1.625%, 6/17/2016 - 5/25/2017 | 1,236,457,635 | |
406,500,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.427% - 0.654%, 6/8/2016 - 6/12/2016 | 406,476,166 |
117,875,000 | Federal Home Loan Mortgage Corp., 0.625% - 0.875%, 10/14/2016 - 3/9/2017 | 117,910,754 | |
120,000,000 | 1 | Federal National Mortgage Association Discount Notes, 0.500%, 9/1/2016 | 119,846,667 |
242,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.444% - 0.458%, 6/8/2016 - 6/20/2016 | 241,970,333 |
TOTAL GOVERNMENT AGENCIES | 6,762,220,845 | ||
U.S. TREASURY—2.1% | |||
111,000,000 | United States Treasury Notes, 0.500% - 2.750%, 11/30/2016 | 111,569,259 | |
125,000,000 | United States Treasury Notes, 3.000%, 8/31/2016 | 125,769,807 | |
65,000,000 | United States Treasury Notes, 4.875%, 8/15/2016 | 65,562,221 | |
TOTAL U.S. TREASURY | 302,901,287 | ||
REPURCHASE AGREEMENTS—50.2% | |||
750,000,000 | Interest in $1,250,000,000 joint repurchase agreement 0.33%, dated 5/31/2016 under which ABN Amro Bank N.V., Netherlands will repurchase securities provided as collateral for $1,250,011,458 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 11/1/2045 and the market value of those underlying securities was $1,279,877,812. | 750,000,000 | |
100,000,000 | Interest in $250,000,000 joint repurchase agreement 0.34%, dated 5/31/2016 under which ABN Amro Bank N.V., Netherlands will repurchase securities provided as collateral for $250,002,361 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities and a U.S. Treasury security with various maturities to 11/16/2057 and the market value of those underlying securities was $257,429,687. | 100,000,000 | |
1,650,000,000 | Interest in $5,000,000,000 joint repurchase agreement 0.29%, dated 5/31/2016 under which BNP Paribas S.A. will repurchase securities provided as collateral for $5,000,040,278 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2046 and the market value of those underlying securities was $5,100,041,128. | 1,650,000,000 | |
1,000,000,000 | Interest in $2,800,000,000 joint repurchase agreement 0.31%, dated 5/31/2016 under which BNP Paribas S.A. will repurchase securities provided as collateral for $2,800,024,111 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 5/1/2048 and the market value of those underlying securities was $2,856,732,194. | 1,000,000,000 | |
500,000,000 | Interest in $850,000,000 joint repurchase agreement 0.30%, dated 5/31/2016 under which Bank of Nova Scotia will repurchase securities provided as collateral for $850,007,083 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 5/1/2046 and the market value of those underlying securities was $867,271,203. | 500,000,000 | |
85,000,000 | 3 | Interest in $250,000,000 joint repurchase agreement 0.50%, dated 5/3/2016 under which Bank of Nova Scotia will repurchase securities provided as collateral for $250,586,806 on 10/20/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities and a U.S. Treasury security with various maturities to 5/20/2066 and the market value of those underlying securities was $257,441,937. | 85,000,000 |
250,000,000 | Repurchase agreement 0.31%, dated 5/31/2016 under which Citibank, N.A. will repurchase securities provided as collateral for $250,002,153 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 8/25/2054 and the market value of those underlying securities was $256,183,390. | 250,000,000 | |
250,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.28%, dated 5/26/2016 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,000,054,444 on 6/2/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 12/15/2055 and the market value of those underlying securities was $1,025,451,680. | 250,000,000 | |
138,225,000 | Interest in $4,000,000,000 joint repurchase agreement 0.28%, dated 5/31/2016 under which Credit Agricole CIB New York will repurchase securities provided as collateral for $4,000,031,111 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2043 and the market value of those underlying securities was $4,080,031,835. | 138,225,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$200,000,000 | Repurchase agreement 0.30%, dated 5/25/2016 under which ING Financial Markets LLC will repurchase securities provided as collateral for $200,011,667 on 6/1/2016. The securities provided as collateral at the end of the period held with JPMorgan Chase as tri-party agent, were U.S. Government Agency securities with various maturities to 11/1/2044 and the market value of those underlying securities was $206,011,228. | $200,000,000 | |
500,000,000 | Repurchase agreement 0.30%, dated 5/31/2016 under which Merrill Lynch, Pierce, Fenner and Smith will repurchase securities provided as collateral for $500,004,167 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/25/2048 and the market value of those underlying securities was $512,446,688. | 500,000,000 | |
500,000,000 | Interest in $1,500,000,000 joint repurchase agreement 0.31%, dated 5/31/2016 under which Mizuho Securities USA, Inc. will repurchase securities provided as collateral for $1,500,012,917 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 4/20/2062 and the market value of those underlying securities was $1,536,706,567. | 500,000,000 | |
500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.31%, dated 5/31/2016 under which RBC Capital Markets, LLC will repurchase securities provided as collateral for $1,000,008,611 on 6/1/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 5/1/2046 and the market value of those underlying securities was $1,020,038,251. | 500,000,000 | |
100,000,000 | Interest in $400,000,000 joint repurchase agreement 0.31%, dated 5/31/2016 under which Societe Generale, New York will repurchase securities provided as collateral for $400,024,111 on 6/7/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 7/15/2056 and the market value of those underlying securities was $408,865,209. | 100,000,000 | |
347,000,000 | 3 | Interest in $1,500,000,000 joint repurchase agreement 0.33%, dated 5/3/2016 under which Societe Generale, New York will repurchase securities provided as collateral for $1,500,605,000 on 6/16/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $1,530,406,750. | 347,000,000 |
100,000,000 | Interest in $400,000,000 joint repurchase agreement 0.31%, dated 5/31/2016 under which TD Securities (USA), LLC will repurchase securities provided as collateral for $400,024,111 on 6/7/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/1/2046 and the market value of those underlying securities was $408,003,591. | 100,000,000 | |
200,000,000 | 3 | Interest in $525,000,000 joint repurchase agreement 0.40%, dated 5/4/2016 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $525,361,667 on 7/5/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 6/1/2046 and the market value of those underlying securities was $535,666,600. | 200,000,000 |
75,000,000 | 3 | Interest in $250,000,000 joint repurchase agreement 0.44%, dated 4/6/2016 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $250,281,111 on 7/7/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 9/6/2024 and the market value of those underlying securities was $255,177,248. | 75,000,000 |
50,000,000 | 3 | Interest in $170,000,000 joint repurchase agreement 0.44%, dated 4/7/2016 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $170,189,078 on 7/7/2016. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 6/1/2046 and the market value of those underlying securities was $173,516,564. | 50,000,000 |
TOTAL REPURCHASE AGREEMENTS | 7,295,225,000 | ||
TOTAL INVESTMENTS—98.8% (AT AMORTIZED COST)4 | 14,360,347,132 | ||
OTHER ASSETS AND LIABILITIES - NET—1.2%5 | 180,666,657 | ||
TOTAL NET ASSETS—100% | $14,541,013,789 |
1 | Discount rate(s) at time of purchase. |
2 | Floating rate notes with current rate(s) and next reset date(s) shown. |
3 | Although the repurchase date is more than seven days after the date of purchase, the Fund has the right to terminate the repurchase agreement at any time with seven-days' notice. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. |
Item 2. Controls and Procedures
(a) The registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Edward Jones Money Market Fund
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date July 26, 2016
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date July 26, 2016
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date July 26, 2016
N-Q Item 3- Exhibits: Certifications
I, J. Christopher Donahue, certify that:
- I have reviewed this report on Form N-Q of Edward Jones Money Market Fund("registrant");
- Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
- Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
- The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
- designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
- designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
- evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
- disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
- The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
- all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
- any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: July 26, 2016
/S/ J. Christopher Donahue
J. Christopher Donahue
President - Principal Executive Officer
N-Q Item 3- Exhibits: Certifications
I, Lori A. Hensler, certify that:
- I have reviewed this report on Form N-Q of Edward Jones Money Market Fund ("registrant");
- Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
- Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
- The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
- designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
- designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
- evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
- disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
- The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
- all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
- any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: July 26, 2016
/S/ Lori A. Hensler
Lori A. Hensler
Treasurer - Principal Financial Officer
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