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About Texas Capital Government Money Market ETF
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Inception date
Sep 24, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Texas Capital Bank Wealth Management Services, Inc.
Distributor
Northern Lights Distributors LLC
ISIN
US88224A5083
MMKT is the first ETF to comply with Rule 2a-7 of the 1940 Act, technically qualifying as a government money market fund. The rule is designed to preserve stability and liquidity, ensuring that redemption requests can be fulfilled. However, MMKT will not maintain a stable net asset value (NAV) of $1. The fund will allocate at least 99.5% of its assets to cash, US government securities, or fully collateralized repurchase agreements. The objective is to generate competitive yields while preserving capital. Note that a significant portion of the funds assets are overnight repurchase agreements, and income from these may not be exempt from state and local taxes, which could affect the after-tax yield compared to traditional government securities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government91.33%
Miscellaneous8.67%
Cash0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMKT last dividends amounted to 0.08 USD. The week before, the issuer paid 0.08 USD in dividends, which shows a 4.86% decrease.
Yes, MMKT pays dividends to its holders with the dividend yield of 4.00%. The last dividend (Sep 2, 2025) amounted to 0.08 USD. The dividends are paid weekly.
MMKT shares are issued by Texas Capital Bancshares, Inc. under the brand Texas Capital. The ETF was launched on Sep 24, 2024, and its management style is Active.
MMKT expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
MMKT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMKT invests in bonds.