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Fillable Printable Form N-Cr: Money Market Fund Reform; Amendments To Form Pf

Fillable Printable Form N-Cr: Money Market Fund Reform; Amendments To Form Pf

Form N-Cr: Money Market Fund Reform; Amendments To Form Pf

Form N-Cr: Money Market Fund Reform; Amendments To Form Pf

FOR M N -CR
CURRENT REPORT
MONEY MARKET FUND MATERIAL EVENTS
OMB APPROVAL
OMB APPROVAL
3235-0705
E
h
xpires:
January 31, 2018
ours per response . .........
Form N-CR is to be used by registered open-end management investment companies, or
series thereof, that are regulated as money market funds pursuant to rule 2a-7 under the
Investment Company Act of 1940 (“Investment Company Act”) (17 CFR 270.2a-7) (“money
market funds”), to file current reports with the Commission pursuant to rule 30b1-8 under the
Investment Company Act (17 CFR 270.30b1-8). The Commission may use the information
provided on Form N-CR in its regulatory, disclosure review, inspection, and policymaking roles.
GENERAL INSTRUCTIONS
A.Rule as to Use of Form N-CR
Form N-CR is the public reporting form that is to be used for current reports of money
market funds required by section 30(b) of the Act and rule 30b1-8 under the Act. A money
market fund must file a report on Form N-CR upon the occurrence of any one or more of the
events specified in Parts B – Hof this form. Unless otherwise specified, a report is to be filed
within one business day after occurrence of the event, and will be made public immediately upon
filing. If the event occurs on a Saturday, Sunday, or holiday on which the Commission is not
open for business, then the report is to be filed on the first business day thereafter.
B.Application of General Rules and Regulations
The General Rules and Regulations under the Act contain certain general requirements
that are applicable to reporting on any form under the Act. These general requirements should
be carefully read and observed in the preparation and filing of reports on this form, except that
any provision in the form or in these instructions shall be controlling.
SEC 2918 (1-15)
13.6
C.Information to Be Included in Report Filed on Form N-CR
Upon the occurrence of any one or more of the events specified in Parts B – Hof Form
N-CR, a money market fund must file a report on Form N-CR that includes information in
response to each of the items in Part A of the form, as well as each of the items in the applicable
Parts B – H of the form.
D.Filing of Form N-CR
A money market fund must file Form N-CR in accordance with rule 232.13 of Regulation
S-T. Form N-CR must be filed electronically using the Commission’s EDGAR system.
E.Paperwork Reduction Act Information
A registrant is not required to respond to the collection of information contained in Form
N-CR unless the form displays a currently valid Office of Management and Budget (“OMB”)
control number. Please direct comments concerning the accuracy of the information collection
burden estimate and any suggestions for reducing the burden to the Secretary, Securities and
Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has
reviewed this collection of information under the clearancerequirements of 44 U.S.C. 3507.
F.Definitions
References to sections and rules in this Form N-CR are to the Investment Company Act
(15 U.S.C 80a), unless otherwise indicated. Terms used in this Form N-CR have the same
meaning as in the Investment Company Act or rule 2a-7 under the Investment Company Act,
unless otherwise indicated. In addition, as used in this Form N-CR, the term “fund” means the
registrant or a separate series of the registrant.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-CR
CURRENT REPORT
MONEY MARKET FUND MATERIAL EVENTS
Part A: General information
Item A.1Report for [mm/dd/yyyy].
Item A.2CIK Number of registrant.
Item A.3EDGAR Series Identifier.
Item A.4Securities Act File Number.
Item A.5Provide the name, e-mail address, and telephone number of the person
authorized to receive information and respond to questions about this
Form N-CR.
Part B: Default or event of insolvency of portfolio security issuer
If the issuer of one or more of the fund’s portfolio securities, or the issuer of a demand feature or
guarantee to which one of the fund’s portfolio securities is subject, and on which the fund is
relying to determine the quality, maturity, or liquidity of a portfolio security, experiences a
default or event of insolvency (other than an immaterial default unrelated to the financial
condition of the issuer), and the portfolio security or securities (or the securities subject to the
demand feature or guarantee) accounted for at least ½ of 1 percent of the fund’s total assets
immediately before the default or event of insolvency, disclose the following information:
Item B.1Security or securities affected. Disclose the name of the issuer, the title of the
issue (including coupon or yield, if applicable) and at least two identifiers, if
available (e.g., CUSIP, ISIN, CIK, LEI).
Item B.2Date(s) on which the default(s) or Event(s) of Insolvency occurred.
Item B.3Value of affected security or securities on the date(s) on which the default(s) or
event(s) of insolvency occurred.
Item B.4Percentage of the fund’s total assets represented by the affected security or
securities.
Item B.5Brief description of actions fund plans to take, or has taken, in response to the
default(s) or event(s) of insolvency.
Instruction. For purposes of Part B, an instrument subject to a demand feature or guarantee will
not be deemed to be in default (and an event of insolvencywith respect to the security will not be
deemed to have occurred) if: (i) in the case of an instrument subject to a demand feature, the
demand feature has been exercised and the fund has recovered either the principal amount or the
amortized cost of the instrument, plus accrued interest; (ii) the provider of the guarantee is
continuing, without protest, to make payments as due on the instrument; or (iii) the provider of a
guarantee with respect to an asset-backed securitypursuant to rule 2a-7(a)(16)(ii) is continuing,
without protest, to provide credit, liquidity or other support as necessary to permit the
asset-backed security to make payments as due.
A report responding to Items B.1 through B.4 is to be filed within one business day after
occurrence of an event contemplated in this Part B. An amended report responding to Item B.5
is to be filed within four business days after occurrence of an event contemplated in this Part B.
Part C: Provision of financial support to fund
If an affiliated person, promoter, or principal underwriter of the fund, or an affiliated person of
such a person, provides any form of financial support to the fund (including any(i) capital
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contribution, (ii) purchase of a security from the fund in reliance on § 270.17a-9, (iii) purchase of
any defaulted or devalued security at par, (iv) execution of letter of credit or letter of indemnity,
(v) capital support agreement (whether or not the fund ultimately received support), (vi)
performance guarantee, or (vii) any other similar action reasonably intended to increase or
stabilize the value or liquidity of the fund’s portfolio; excluding, however, any (i) routine waiver
of fees or reimbursement of fund expenses, (ii) routine inter-fund lending (iii) routine inter-fund
purchases of fund shares, or (iv) any action that would qualify as financial support as defined
above, that the board of directors has otherwise determined not to be reasonably intended to
increase or stabilize the value or liquidity of the fund’s portfolio), disclose the following
information:
Item C.1Description of nature of support.
Item C.2Person providing support.
Item C.3Brief description of relationship between the person providing support and the
fund.
Item C.4Date support provided.
Item C.5Amount of support.
Item C.6Security supported (if applicable). Disclose the name of the issuer, the title of the
issue (including coupon or yield, if applicable) and at least two identifiers, if
available (e.g., CUSIP, ISIN, CIK, LEI).
Item C.7Value of security supported on date support was initiated (if applicable).
Item C.8Brief description of reason for support.
Item C.9Term of support.
Item C.10 Brief description of any contractual restrictions relating to support.
Instruction. If an affiliated person, promoter, or principal underwriter of the fund, or an
affiliated person of such a person, purchases a security from the fund in reliance on § 270.17a-9,
the fund must provide the purchase price of the security in responding to Item C.6.
A report responding to Items C.1 through C.7 is to be filed within one business day after
occurrence of an event contemplated in this Part C. An amended report responding to Items C.8
through C.10 is to be filed within four business days after occurrence of an event contemplated
in this Part C.
Part D: Deviation between current net asset value per share and intended stable price per
share
If a retail money market fund’s or a government money market fund’s current net asset value per
share (rounded to the fourth decimal place in the case of a fund with a $1.00 share price, or an
equivalent level of accuracy for funds with a different share price) deviates downward from its
intended stable price per share by more than ¼ of 1 percent, disclose:
Item D.1Date(s) on which such downward deviation exceeded ¼ of 1 percent.
Item D.2Extent of deviation between the fund’s current net asset value per share and its
intended stable price per share.
Item D.3Principal reason or reasons for the deviation, including the name of any security
whose value calculated using available market quotations (or an appropriate
substitute that reflects current market conditions) or sale price, or whose issuer’s
downgrade, default, or event of insolvency (or similar event), has contributed to
the deviation. For any such security, disclose the name of the issuer, the title of
the issue (including coupon or yield, if applicable) and at least two identifiers, if
available (e.g., CUSIP, ISIN, CIK, LEI).
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Instruction. A report responding to Items D.1 and D.2 is to be filed within one business day after
occurrence of an event contemplated in this Part D. An amended report responding to Items D.3
is to be filed within four business days after occurrence of an event contemplated in this Part D.
Part E: Imposition of liquidity fee
If a fund (except a government money market fund that is relying on the exemption in rule
2a-7(c)(2)(iii)): (i) at the end of a business day, has invested less than ten percent of its total
assets in weekly liquid assets or (ii) has invested less than thirty percent of its total assets in
weekly liquid assets and imposes a liquidity fee pursuant to rule 2a-7(c)(2)(i) or (ii), disclose the
following information:
Item E.1Initial date on which the fund invested less than ten percent of its total assets in
weekly liquid assets, if applicable.
Item E.2If the fund imposes a liquidity fee pursuant to rule 2a-7(c)(2), date on which the
fund instituted the liquidity fee.
Item E.3Percentage of the fund’s total assets invested in weekly liquid assets as of the
dates reported in items E.1 and E.2, as applicable.
Item E.4Size of the liquidity fee, if any.
Item E.5Brief description of the facts and circumstances leading to the fund’s investing in
the amount of weekly liquid assets reported in Item E.3.
Item E.6Brief discussion of the primary considerations or factors taken in account by the
board of directors in its decision to impose (or not impose) a liquidity fee.
Instruction. A report responding to Items E.1 though E.4 is to be filed within one business day
after occurrence of an event contemplated in this Part E. An amended report responding to Items
E.5 and E.6 is to be filed within four business days after occurrence of an event contemplated in
8
this Part E.
PartF: Suspension of fund redemptions
If a fund suspends redemptions pursuant to rule 2a-7(c)(2)(i), disclose the following information:
Item F.1Percentage of the fund’s total assets invested in weekly liquid assets as of the date
on which the fund suspended redemptions.
Item F.2Date on which the fund initially suspended redemptions.
Item F.3Brief description of the facts and circumstances leading to the fund’s investing in
the amount of weekly liquid assets stated in Item F.1.
Item F.4Brief discussion of the primary considerations or factors taken in account by the
board of directors in its decision to suspend the fund’s redemptions.
Instruction. A report responding to Items F.1 and F.2 is to be filed within one business day after
occurrence of an event contemplated in this Part F. An amended report responding to Items F.3
and F.4 is to be filed within four business days after occurrence of an event contemplated in this
Part F.
Part G: Removal of liquidity fees and/or resumption of fund redemptions
If a fund that has imposed a liquidity fee and/or suspended the fund’s redemptions pursuant to
rule 2a-7(c)(2) determines to remove such fee and/or resume fund redemptions, disclose the
following, as applicable:
Item G.1Date on which the fund removed the liquidity fee and/or resumed fund
redemptions.
Part H: Optional disclosure
If a fund chooses, at its option, to disclose any other events or information not otherwise required
by this form, it may do so under this Item H.1.
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Item H.1Optional disclosure.
Instruction. Item H.1 is intended to provide a fund with additional flexibility, if it so chooses, to
disclose any other events or information not otherwise required by this form, or to supplement or
clarify any of the disclosures required elsewhere in this form. Part H does not impose on funds
any affirmative obligation. A fund may file a report on Form N-CR responding to Part H at any
time.
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
______________________________________
(Registrant)
Date ______________________________
________________________________________
(Signature)*
*Print name and titleofthesigningofficerunderhis/hersignature.
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