Texas Capital Government Money Market ETF

MMKT
ETF Ticker

+2.53%

+3.30%

NYSE Arca Exchange

Fixed Income

United States

Money Market

The Texas Capital Government Money Market ETF, MMKT_US, is an actively managed strategy providing exposure to United States, Money Market Fixed Income. It is listed on the NYSE Arca Exchange and has assets under management of $72.7m (as of Aug 31, 2026). The ETF trades in USD and was listed on the exchange on Sep 24, 2024. It has a net expense ratio of 20bps. (All data in USD as of Oct 9, 2026 unless stated.)

The investment strategy guiding the actively managed Texas Capital Government Money Market ETF seeks maximum current income consistent with daily liquidity and stability of principal in USD. The portfolio invests ≥99.5% of total assets in cash, U.S. government securities, and/or fully collateralized repurchase agreements to qualify as a government money market fund under Rule 2a-7, yet it calculates NAV at market value and trades on exchange as an ETF. Eligible instruments include Treasury bills/notes, agencies, and repos (initially emphasizing overnight), all U.S. dollar-denominated. Security selection prioritizes safety and liquidity over yield; the adviser varies composition and weighted-average maturity within 2a-7 limits in response to rates, funding conditions, and relative value across bills vs. repos. Capacity is supported by the depth of the government money markets and tri-party repo. Turnover reflects cash-flow management and rolling of short-dated holdings; positions are trimmed or replaced as liquidity, credit backing, or relative yields change.

ETF Details

Key Facts

Issuer:
Texas Capital
AUM:
$72.7m (as of Aug 31, 2026)
Net Expense Ratio:
20 bps
Inception Date:
Sep 24, 2024
Index:
Actively managed strategy
Dividend Frequency:
Monthly

Trading

Ticker:
MMKT
Exchange:
NYSE Arca Exchange
ISIN:
US88224A5083
Trading Currency:
USD
Domicile:
United States

Classification & Risk

Asset Class:
Fixed Income
Asset Region:
United States
Theme:
Money Market
Economic Development:
Developed Markets
1 Year Volatility:
0.22%
3 Year Volatility:
N/A
5 Year Volatility:
N/A

Performance

TTM Dividend Yield:
3.38% (verify with issuer)
1 Month Performance:
0.13%
3 Month Performance:
0.73%
6 Month Performance:
1.58%
1 Year Performance:
3.30%
3 Year Performance:
N/A
5 Year Performance:
N/A
Investment Proposition

Texas Capital Government Money Market ETF (MMKT) offers government money market exposure targeting capital preservation and daily income with high liquidity. The portfolio invests primarily in short-dated U.S. government securities, repurchase agreements, and cash equivalents, maintaining very short duration and a conservative credit profile while actively managing maturities to balance yield and liquidity. Volatility is generally low relative to short-term bond funds, with income that adjusts as policy rates and funding conditions evolve; interest-rate sensitivity is limited due to frequent reinvestment. MMKT can function as a cash-management or sweep vehicle, a liquidity reserve for rebalancing or “dry-powder” needs, and a stability anchor within time-segmented buckets. Advisors overseeing operating cash and institutions seeking a conservative, transparent cash alternative are typical users. The fund tends to benefit when short-term rates are elevated and can lag when rates fall rapidly or when funding-market liquidity tightens. A key risk to monitor is that ongoing expenses and operational costs can modestly reduce net yield relative to comparable options, especially in low-rate environments.

ETF Analytics

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