Money market mutual fund assets fell $4.28 billion for the week ending May 28, to $3.505 trillion, according to the Investment Company Institute. Assets of retail money market mutual funds fell by $3.99 billion to $1.223 trillion.

Taxable money market fund assets in the retail category fell $3.61 billion to $919.28 billion, while tax-exempt fund assets fell $379 million to $303.35 billion.

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