The State Street Prime Money Market ETF (MMK) seeks to maximize current income, to the extent consistent with preservation of capital and liquidity. The fund employs an active strategy across money market instruments, guided by State Street Investment Management’s Cash Management Team and its short-term credit research analysts to assess relative attractiveness based on interest rates and imbalances of supply and demand, and it seeks to qualify as a money market fund under Rule 2a-7. Its strengths include deep liquidity and scale supported by a disciplined credit framework, but regulatory constraints and rate-cycle volatility create risks to yield and capital preservation.
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The State Street Prime Money Market ETF (MMK) seeks to maximize current income, to the extent consistent with preservation of capital and liquidity. The fund employs an active strategy across money market instruments, guided by State Street Investment Management’s Cash Management Team and its short-term credit research analysts to assess relative attractiveness based on interest rates and imbalances of supply and demand, and it seeks to qualify as a money market fund under Rule 2a-7. Its strengths include deep liquidity and scale supported by a disciplined credit framework, but regulatory constraints and rate-cycle volatility create risks to yield and capital preservation.
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Daily adjusted close
The State Street Prime Money Market ETF (MMK) seeks to maximize current income, to the extent consistent with preservation of capital and liquidity. The fund employs an active strategy across money market instruments, guided by State Street Investment Management’s Cash Management Team and its short-term credit research analysts to assess relative attractiveness based on interest rates and imbalances of supply and demand, and it seeks to qualify as a money market fund under Rule 2a-7. Its strengths include deep liquidity and scale supported by a disciplined credit framework, but regulatory constraints and rate-cycle volatility create risks to yield and capital preservation.