Texas Capital Government Money Market ETF
$100.17+0.03 (+0.02%)
- 0.20%
- $68M
- +3.5%
- 3.57%
- 0M sh
- $100.17
- low $99.84high $100.32
The ETF.net MMKT Grade
B
Score 55 out of 100
- 53 of 78
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 39 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 63 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 42 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D35 out of 100Rank 67 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 60 of 78
Our read on MMKT
BMoney markets went unchallenged by ETFs for three decades. MMKT was the first fund to run a government money market portfolio under Rule 2a-7 inside an ETF wrapper, with one twist: no fixed $1 share price.
The Fund seeks current interest income while maintaining liquidity and stability of principal. It invests primarily in high-quality U.S. government money market instruments and related repurchase agreements.
Why people hold it
- The first ETF built to Rule 2a-7, the SEC rulebook behind government money market funds: at least 99.5% in cash, U.S. government paper and fully collateralized repos.globenewswire.cometf.comsec.gov
- Cash-style exposure that lives in the brokerage account and trades intraday on the NYSE, rather than in a separate money fund with an end-of-day cutoff.globenewswire.comsec.gov
- Pays income monthly, and the holdings match the mandate on paper: high-quality U.S. government money market instruments and related repurchase agreements, nothing exotic.
Worth knowing
- No fixed $1 share price. NAV follows the market value of the holdings, and shares can trade a touch above or below it. Not a bank deposit, not FDIC insured.etf.comsec.gov
- The 0.20% fee sits right at the category median, while SBIL and IQMM charge 0.15% and ICSH charges 0.08%.
- Launched in 2024 and thinly traded, so spreads can run wider than at the cash-alternative giants, and the track record is still short.
MMKT Holdings
- Bonds
- 28
- 82%
- Mii 3.87 10/13/2026
MMKT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MMKT$10,354
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MMKT |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.8% |
| 1 year | +3.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MMKT |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +4.1% | |
| 2024 | +1.2% |
MMKT in the news
MMKT Dividends
- 3.57%
- $3.57
- $0.07 per share
- Weekly
Distribution history
MMKT Risk
- 0.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −2.47
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.04%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.0008
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MMKT Cost
0.20%
MMKT0.20%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
41 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BYEARAlliance Bernstein - AB Ultra Short Income ETFExpense ratio 0.25%1 year return +2.9%
- BFLDBFidelity Low Duration Bond ETFExpense ratio 0.20%1 year return +3.6%
- CTLDRThe Laddered T-Bill ETFExpense ratio 0.20%1 year return —
- CVUSIVoya Ultra Short Income ETFExpense ratio 0.25%1 year return —
- CUYLDAngel Oak Ultrashort Income ETFExpense ratio 0.56%1 year return +4.0%