ETF overview
The Texas Capital Government Money Market ETF (MMKT) stands as the first exchange-traded fund structured to adhere to Rule 2a-7 of the 1940 Act, thereby qualifying it as a government money market fund. This specific regulatory framework is designed to bolster the fund's stability and liquidity, ensuring that redemption requests can be met without issue. However, a significant distinction is that MMKT's net asset value (NAV) will not remain fixed at $1, but rather will fluctuate. The fund's investment strategy mandates that at least 99.5% of its holdings must be allocated to cash, U.S. government securities, or repurchase agreements that are fully collateralized. Its primary goals are to deliver attractive yields while vigilantly safeguarding investors' principal. It is crucial to note that a substantial portion of the fund's assets are invested in overnight repurchase agreements. The income generated from these specific instruments might not be exempt from state and local taxes, potentially impacting the after-tax yield when compared to direct investments in traditional government securities.
Fund facts
- Expense ratio
- 0.20%
- Fund assets
- 67.62M USD (all share classes)
- Issuer
- Texas Capital
- Inception date
- Sep 24, 2024
- Number of holdings
- 26
Holdings (26)
| Name | Ticker | Weight |
|---|---|---|
| B 12/22/26 | 5.13% | |
| TF FLOAT 01/31/27 | 4.13% | |
| B 03/18/27 | 3.86% | |
| B 10/22/26 | 3.72% | |
| B 10/29/26 | 3.52% | |
| B 12/01/26 | 3.43% | |
| B 04/15/27 | 3.33% | |
| B 03/04/27 | 3.28% | |
| B 11/12/26 | 2.75% | |
| B 12/17/26 | 2.64% | |
| and 13 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
Texas Capital Government Money Market ETF (MMKT)
- Expense ratio
- 0.20%
- Fund assets
- 67.62M USD (all share classes)
- Issuer
- Texas Capital
- Inception date
- Sep 24, 2024
- Number of holdings
- 26
| Name | Ticker | Weight |
|---|---|---|
| B 12/22/26 | 5.13% | |
| TF FLOAT 01/31/27 | 4.13% | |
| B 03/18/27 | 3.86% | |
| B 10/22/26 | 3.72% | |
| B 10/29/26 | 3.52% | |
| B 12/01/26 | 3.43% | |
| B 04/15/27 | 3.33% | |
| B 03/04/27 | 3.28% | |
| B 11/12/26 | 2.75% | |
| B 12/17/26 | 2.64% | |
| and 13 more | ||
The Texas Capital Government Money Market ETF (MMKT) stands as the first exchange-traded fund structured to adhere to Rule 2a-7 of the 1940 Act, thereby qualifying it as a government money market fund. This specific regulatory framework is designed to bolster the fund's stability and liquidity, ensuring that redemption requests can be met without issue. However, a significant distinction is that MMKT's net asset value (NAV) will not remain fixed at $1, but rather will fluctuate. The fund's investment strategy mandates that at least 99.5% of its holdings must be allocated to cash, U.S. government securities, or repurchase agreements that are fully collateralized. Its primary goals are to deliver attractive yields while vigilantly safeguarding investors' principal. It is crucial to note that a substantial portion of the fund's assets are invested in overnight repurchase agreements. The income generated from these specific instruments might not be exempt from state and local taxes, potentially impacting the after-tax yield when compared to direct investments in traditional government securities.
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