Fund Data Converter
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OFRE000400 – Weighted Average Maturity
Weighted Average Maturity (WAM) is a measure of the average length of time to maturity (in days) of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid. In practice, WAM is used to measure the sensitivity of a money market fund to changing money market interest rates. Definitions are available from both CESR’s Guidelines on a common definition of European money market funds and the EU regulation 2017/1131.
| Property | Value |
|---|---|
| OF-ID | OFRE000400 |
| Name | Weighted Average Maturity |
| Area | Fund ratios and exposures |
| Level | Fund |
| Format | Decimal number |
| Tags | Ratios and Exposures |
| Introduced in | openfunds 1.26 |
Values
Decimal figure, rounded to maximal 7 digits after the decimal point.
Example
50.2
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFRE000400 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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