IPGXX — Government Portfolio
Data updated: 2026-02-27
IPGXX — Government Portfolio. Money Market · 0.15% expense ratio. Holdings, fees, performance and SEC filings.
IPGXX Fund Overview
IPGXX — Government Portfolio is a US mutual fund managed by Morgan Stanley Institutional Liquidity Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Morgan Stanley Institutional Liquidity Funds
- Category: Money Market
- Ticker: IPGXX
- SEC CIK: 0001227155
- SEC series ID: S000004148
- Share class ID: C000248673
IPGXX Investment Objective and Strategy
Government Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Institutional Liquidity Funds.
Investment objective
"The Government Portfolio (the ""Fund"") seeks preservation of capital, daily liquidity and maximum current income."
Principal investment strategy
"The Fund has adopted a policy to invest exclusively in obligations issued or guaranteed by the U.S. Government and its agencies and instrumentalities and in repurchase agreements collateralized by such securities in order to qualify as a ""government money market fund"" under federal regulations. The Fund may also hold cash from time to time. A ""government money market fund"" is a money market fund that invests at least 99.5% of its total assets in cash, securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities and/or repurchase agreements that are collateralized fully by the foregoing. A ""government money market fund"" is exempt from requirements that permit money market funds to impose a ""liquidity fee"" and/or a ""redemption gate"" that temporarily restricts redemptions.
In selecting investments, the Adviser seeks to maintain the Fund's share price at $1.00. The share price remaining stable at $1.00 means that the Fund would preserve the principal value of your investment."
IPGXX Holdings
Top 10 holdings of Government Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JP Morgan Securities LLC | 3.04% |
| Northern Trust Co. - Fixed Income Clearing Corp. | 2.71% |
| JP Morgan Securities LLC | 1.98% |
| U.S. Treasury Floating Rate Note | 1.74% |
| Royal Bank of Canada | 1.73% |
| U.S. Treasury Bill | 1.68% |
| JP Morgan Securities, Inc. - Fixed Income Clearing Corp. | 1.56% |
| U.S. Treasury Floating Rate Note | 1.49% |
| NatWest Markets Securities, Inc. | 1.40% |
| U.S. Treasury Floating Rate Note | 1.37% |
IPGXX Costs and Fees
IPGXX costs about $15 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.15%
- Gross expense ratio: 0.20%
IPGXX Debt Constituents
No individual debt constituents are reported in Government Portfolio's latest SEC N-PORT filing.
IPGXX Prospectus and SEC Filings
Official Government Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.