MMKT

Texas Capital Government Money Market ETF

$100.23

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Texas Capital Government Money Market ETF (MMKT) seeks to provide current income while preserving capital and maintaining liquidity.

Overview

ETF tracking Texas Capital Government Money Market ETF

Category Innovation

Issuer Other

Inception Date 2024-09-25

Market Cap $57.6M

Average Volume N/A

Dividend Yield 0.75%

52-Week Range $100.11 - $100.53

VWAP $100.22

Performance

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Investment Summary

📎 Investment Objective

The Texas Capital Government Money Market ETF (MMKT) seeks to provide current income while preserving capital and maintaining liquidity.

🎯 Investment Strategy

The ETF invests primarily in high-quality, short-term government securities such as U.S. Treasury bills and notes. The fund aims to maintain a stable net asset value (NAV) of $1 per share and provide a competitive yield compared to other money market funds.

✨ Key Features

Invests in short-term U.S. government securities to maintain stability and liquidity
Seeks to provide current income while preserving capital
Aims to maintain a stable $1 NAV per share
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The issuer of a security held by the fund could default on its obligations
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Concentration risk: The fund's investments are focused on U.S. government securities

👤 Best For

This ETF may be suitable for investors seeking a low-risk, highly liquid investment option to preserve capital and generate current income, such as those with a short-term investment horizon or as a cash management tool within a diversified portfolio.