Level calculated as a share of mutual fund holdings of state and local government employee defined contribution retirement funds (FL223064255). The share is calculated as mutual funds' equity holdings over total assets ( FL653064100 / FL654090000 ). Capital gains are estimated based on returns of mutual fund sector total equity holdings( FR653064100 / FL653064100[t-1] ) applied to the previous quarter's level. The unadjusted transactions are the change in the level less estimated capital gains. Data for the most recent ten years show no significant seasonality.
Last edited on: 09/11/2019