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Launched

Rareview Government Money Market ETF

RMMECboeRareviewD

$100.110.00 (0.00%)

As of Nov 5, 2026, 9:46 AM ET

D36/ 100

Rank 72 of 78 in Cash & Ultra-Short Income

D36/100Rank 72 of 78inCash & Ultra-Short Income
Intraday session: flat, 1 prints from 100.11 to 100.11. Range 100.11 to 100.11. Use the arrow keys to read each point.99.50101.0010 AM12 PM2 PM4 PM
Expense ratio
0.30%*
Fund size
$40M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
1.98K sh
52W range
low $100.00high $100.63
Launched

*After a fee waiver that ends Jan 31, 2027. Without it: 0.50%.

The ETF.net RMME Grade

D

Score 36 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
72 of 78
Six-pillar profile for RMME. Scores out of 100: Cost 10, Risk 35, Mission 72, Tradability 39, Holdings 27, Durability 31. Strongest: Mission (72). Weakest: Cost (10). Leans toward Mission.

Score 36 of 100 falls in the D 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.
    F10 out of 100
    Rank 69 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 64 of 67

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 73 of 75

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 52 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D27 out of 100
    Rank 73 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 64 of 78

Our read on RMME

ETF.net Research

In short

DMost cash-parking ETFs only act money-market-ish. RMME actually is one: a Rule 2a-7 government money market fund in an ETF wrapper, priced at 0.30% net of a waiver through January 31, 2027, with a floating share price instead of the traditional fixed $1.00.

Stated mandate

Its objective is to generate current income while preserving capital and maintaining liquidity.

Why people hold it

  • A genuine Rule 2a-7 government money market fund in an ETF: at least 99.5% of assets sit in cash, US government securities, or fully collateralized repo.sec.govrareviewcapital.com
  • Money market mandate, ETF plumbing: intraday trading on an exchange at market price, published holdings, and monthly distributions.rareviewcapital.com
  • Actively managed with an initial focus on overnight repurchase agreements, which the prospectus notes often yield more than owning the government paper directly.sec.gov

Worth knowing

  • Costs 0.30% net of a waiver through January 31, 2027 (0.50% gross), above the category median; bill funds like VBIL at 0.06% and CLIP at 0.07% carry no waiver.
  • No stable $1.00 share price here. NAV moves with the market value of the holdings, and shares trade at market price, which can sit above or below NAV.rareviewcapital.comsec.gov
  • Small and thinly traded since its 2025 launch, so bid/ask spreads are part of the cost of getting in and out.

RMME Performance

Launched Nov 28, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
RMME$10,289
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,333
Dec 31, 2025 to Nov 4, 2026. RMME $10,289. SPY $11,333. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 4, 2026

Returns run to the Nov 4, 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.

Trailing total return for RMME. Periods over one year show the average yearly return.
PeriodRMME
Year to date+2.9%
1 month+0.4%
3 months+0.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RMME
YearReturn barRMME
2026 YTD+2.9%
2025+0.3%

History from Dec 3, 2025

RMME in the news

RMME Dividends

Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.26; Feb 3, 2026 $0.28; Mar 3, 2026 $0.24; Apr 2, 2026 $0.28; May 4, 2026 $0.28; Jun 2, 2026 $0.27; Jul 2, 2026 $0.29; Aug 4, 2026 $0.30; Sep 2, 2026 $0.29; Oct 2, 2026 $0.27; Nov 3, 2026 $0.29. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 3, 2026Nov 4, 2026$0.29
Oct 2, 2026Oct 5, 2026$0.27
Sep 2, 2026Sep 3, 2026$0.29
Aug 4, 2026Aug 5, 2026$0.30
Jul 2, 2026Jul 3, 2026$0.29
Jun 2, 2026Jun 3, 2026$0.27
May 4, 2026May 5, 2026$0.28
Apr 2, 2026Apr 6, 2026$0.28
Mar 3, 2026Mar 4, 2026$0.24
Feb 3, 2026Feb 4, 2026$0.28
Dec 30, 2025Dec 31, 2025$0.26

RMME Risk

Risk pillarD35 out of 100Rank 73 of 75 in Cash & Ultra-Short Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Nov 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Nov 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
−0.002
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

RMME Cost

Compare RMME and XHLF

Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income

$5,511

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RMME 0.30%

    $6,149

  • XHLF 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • RMME 0.30%
  • XHLF 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530RMME $6,149XHLF $638

Year by year

YearRMMEXHLFOverpaying
10$545$55$490
20$2,113$216$1,897
30$6,149$638$5,511
How the 0.30% is worked out

Full fee 0.50%− waiver 0.20%= you pay 0.30%

The waiver ends Jan 31, 2027. After that the fee is 0.50% unless Rareview renews it. Source: prospectus, Nov 2025.

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