MMKT
Texas Capital Government Money Market ETF·NYSE
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Key Stats
Assets Under Management
75.16MUSD
Fund Flows (1Y)
25.06MUSD
Dividend Yield
4.07%
Discount/Premium to NAV
-0.01%
Shares Outstanding
750.00K
Expense Ratio
0.20%
About Texas Capital Government Money Market ETF
Issuer
Texas Capital Bancshares, Inc.
Brand
Texas Capital
Inception Date
Sep 24, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
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
Asset Class
Fixed Income
Category
Government, Broad-based
Focus
Investment Grade
Niche
Ultra-Short Term
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.03% | -0.00% | +0.01% | -0.09% | +0.21% | +0.21% |
NAV Total Return | +0.28% | +0.92% | +0.33% | +4.04% | +0.03% | +0.03% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
MII 3.67 02/05/2026
25.66%
B 03/24/26
5.96%
B 04/07/26
5.29%
B 03/31/26
4.63%
B 03/17/26
4.55%
B 05/19/26
4.48%
B 02/17/26
4.43%
FHLB 3.906 04/15/26
3.88%
B 04/28/26
3.83%
B 02/10/26
3.33%
Top 10 Weight 66.05%
31 Total Holdings
Is SPY better than MMKT?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-02-06 | 2026-02-06 | 2026-02-09 | 0.068 |
| 2026-01-30 | 2026-01-30 | 2026-02-02 | 0.067 |
| 2026-01-23 | 2026-01-23 | 2026-01-26 | 0.090 |
| 2026-01-16 | 2026-01-16 | 2026-01-20 | 0.067 |
| 2026-01-09 | 2026-01-09 | 2026-01-12 | 0.031 |
| 2026-01-02 | 2026-01-02 | 2026-01-05 | 0.029 |
| 2025-12-26 | 2025-12-26 | 2025-12-29 | 0.119 |
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How Much Does MMKT Pay in Dividends?
Premium/Discount Chart
Assets Under Management
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Fund Flows
