OFST351300 – Money Market Type Of Fund

According to the article 3 of the regulation (EU) 2017/ 1131 of the European parliament and of the council of 14 June 2017 on money market funds (MMFs), MMFs shall be set up as one of the following types:

(a) Variable net asset value MMF (VNAV MMF) - VNAV funds may be categorised as either "Short-term MMF" or "Standard MMF". (b) Public debt constant net asset value MMF (CNAV MMF) (c) Low volatility net asset value MMF (LVNAV MMF)

The following definition specifies the types in more detail: - VNAV MMF: Variable Net Asset Value (VNAV) funds are MMFs in which investors purchase or redeem units in the fund at a variable net asset value, calculated to 4 decimal places. VNAV funds may be categorised as either Short Term or Standard MMFs.

• CNAV MMF: The CNAV MMF invests at least 99.5 % of its assets in government securities and have a constant NAV. Shares in the fund are subscribed or redeemed at a constant price rounded to the nearest percentage point.

• LVNAV MMF: Shares in the fund are subscribed or redeemed at a constant price, including that the NAV of the fund does not deviate by more than 20 basis points.

For further information please consider the regulation (EU) 2017/ 1131 of the European parliament and of the council of 14 June 2017 at https://eur- lex.europa.eu/eli/reg/2017/1131/oj which is available in different languages.

If none of the above mentioned values apply, the field should be left blank.

Allowed values

Short-term variable NAV MMF, /, /

Example

Public debt CNAV MMF

FundsXML 4 mapping

FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST351300 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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