SEC Form N-Q was the quarterly portfolio holdings report that registered management investment companies — mutual funds and most ETFs — filed with the Securities and Exchange Commission for their first and third fiscal quarters. The SEC rescinded the form effective May 1, 2020, and replaced it with the monthly Form N-PORT.1U.S. Securities and Exchange Commission. Investment Company Reporting Modernization No new N-Q filings have been accepted since then, but every filing ever submitted electronically is still available through EDGAR for anyone researching a fund’s earlier holdings.
What Was Inside a Form N-Q
An N-Q had three items. Item 1 carried the substance most readers came for; Items 2 and 3 documented that fund officers stood behind the numbers.
The Schedule of Investments
Item 1 listed every security the fund held at quarter-end, formatted according to Regulation S-X sections 210.12-12 through 12-14.2U.S. Securities and Exchange Commission. Form N-Q – Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company Each line typically identified the issuer, the title of the security (common stock, corporate bond, repurchase agreement, and so on), the number of shares or principal amount, and the fair market value as of quarter-end.3U.S. Securities and Exchange Commission. SEC Form N-Q Many filings also showed each holding as a percentage of net assets, which is the quickest way to see concentration.
Footnotes often explained valuation methods for securities without readily available market prices, such as thinly traded bonds or private placements. The schedule was filed unaudited, unlike the financial statements in a fund’s annual report.
Controls and Certifications
Item 2 required the fund’s principal executive officer and principal financial officer to evaluate the effectiveness of disclosure controls and procedures within 90 days of filing, and to disclose any change in internal control over financial reporting during the quarter that materially affected those controls.2U.S. Securities and Exchange Commission. Form N-Q – Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company
Item 3 carried signed certifications from those same officers, using language the form prescribed word-for-word. Officers attested that the report contained no untrue statement of material fact, that the schedules fairly presented the fund’s holdings, and that they had designed and evaluated the fund’s controls.2U.S. Securities and Exchange Commission. Form N-Q – Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company
Who Filed and When
Every registered management investment company had to file N-Q, other than small business investment companies registered on Form N-5.2U.S. Securities and Exchange Commission. Form N-Q – Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company The report was due within 60 days after the close of the fund’s first and third fiscal quarters. The second and fourth quarters were already covered by the fund’s semi-annual and annual shareholder reports, so N-Q filled the two gaps in between. A fund with a December 31 fiscal year-end filed for quarters ending March 31 and September 30, with deadlines in late May and late November.
Why There Are No N-Q Filings After 2020
The SEC adopted its Investment Company Reporting Modernization rules in October 2016 and phased in Form N-PORT as the replacement. Larger fund complexes (those with at least $1 billion in net assets) filed their last N-Q for the period ending March 31, 2019; smaller complexes followed a year later. The form was formally rescinded on May 1, 2020.1U.S. Securities and Exchange Commission. Investment Company Reporting Modernization
N-PORT collects position-level data monthly rather than quarterly, and it captures structured fields the old text-based N-Q never asked for, including liquidity classifications, interest rate and credit spread sensitivities, and derivatives exposure.4U.S. Securities and Exchange Commission. Form N-PORT For anyone who used to pull data from N-Q filings, the SEC now publishes bulk N-PORT data sets for download.5Securities and Exchange Commission. Form N-PORT Data Sets
How to Find Historical N-Q Filings on EDGAR
The most direct route is through the fund’s Central Index Key, the ten-digit number the SEC assigns to every filer.6U.S. Securities and Exchange Commission. Look Up a Central Index Key (CIK) Number Look up the CIK by fund name using the SEC’s CIK lookup tool.7U.S. Securities and Exchange Commission. CIK Lookup Then open the fund’s filing page on EDGAR and filter by form type “N-Q” to see every historical submission.
EDGAR’s full-text search is the alternative when you don’t know which fund you need. It covers filings from 2001 forward and lets you filter by form type and date range.8U.S. Securities and Exchange Commission. EDGAR Full Text Search FAQ Any filing can be viewed in its original HTML or text format and downloaded. Because the form was rescinded in 2020, the newest N-Q you will find dates to early 2020 for smaller fund groups and early 2019 for larger ones.