PMMF

iShares Prime Money Market ETF

$100.38

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The iShares Prime Money Market ETF (PMMF) seeks to provide current income while maintaining liquidity and preserving capital.

Overview

ETF tracking iShares Prime Money Market ETF

Category Innovation

Issuer BlackRock

Inception Date 2025-02-05

Market Cap $327.2M

Average Volume N/A

Dividend Yield 2.94%

52-Week Range $100.05 - $100.57

VWAP $100.38

Performance

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Investment Summary

📎 Investment Objective

The iShares Prime Money Market ETF (PMMF) seeks to provide current income while maintaining liquidity and preserving capital.

🎯 Investment Strategy

The fund invests in a portfolio of high-quality, short-term money market instruments such as U.S. government securities, certificates of deposit, and commercial paper. The portfolio is actively managed to maintain a stable net asset value (NAV) of $1 per share.

✨ Key Features

Invests in short-term, high-quality money market instruments
Aims to provide current income and preserve capital
Actively managed to maintain a stable $1 NAV
Expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: Changes in interest rates can affect the fund's yield and NAV
Credit risk: The fund is exposed to the risk of default by the issuers of the money market instruments it holds
Liquidity risk: The fund may have difficulty selling certain securities, especially in times of market stress
Regulatory risk: Changes in government regulations could affect the fund's operations and performance

👤 Best For

The iShares Prime Money Market ETF is best suited for investors seeking a low-risk, highly liquid investment option to preserve capital and generate current income, such as those with short-term investment horizons or as a cash management tool within a diversified portfolio.