Level from ICI by subscription, Quarterly Long-Term Mutual Fund Asset Composition report, calculated as the sum of short-term municipal bonds plus long-term municipal bonds. Unadjusted transactions estimated using municipal bond fund quarterly transactions from ICI Monthly Trends Table 3, municipal bond fund net new cash flow plus reinvested dividends, adjusted to account for the share of municipal bonds held by municipal bond funds and the share of municipal bonds held in non-municipal bond funds. Level for the most recent quarter estimated as previous level plus transactions, plus estimate for capital gains using the change in the Merrill Lynch Municipal Master par weighted price on long-term assets. Series includes assets held in variable annuity long term mutual funds. Data for the last ten years show no significant seasonality.
Last edited on: 05/29/2025