Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that complies with Rule 2a-7 of the Investment Company Act of 1940, qualifying it as a government money market fund. Its primary customers are investors seeking liquidity and capital preservation, including individual and institutional investors. Revenue is generated through management fees based on the fund's assets under management, which may include income from cash, US government securities, and fully collateralized repurchase agreements. The fund allocates at least 99.5% of its assets to these instruments, with a significant portion in overnight repurchase agreements. Factors supporting endurance include regulatory compliance and a focus on capital preservation, while potential limitations include the variability of yields and tax implications affecting net returns.
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Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that complies with Rule 2a-7 of the Investment Company Act of 1940, qualifying it as a government money market fund. Its primary customers are investors seeking liquidity and capital preservation, including individual and institutional investors. Revenue is generated through management fees based on the fund's assets under management, which may include income from cash, US government securities, and fully collateralized repurchase agreements. The fund allocates at least 99.5% of its assets to these instruments, with a significant portion in overnight repurchase agreements. Factors supporting endurance include regulatory compliance and a focus on capital preservation, while potential limitations include the variability of yields and tax implications affecting net returns.
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Daily adjusted close
Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that complies with Rule 2a-7 of the Investment Company Act of 1940, qualifying it as a government money market fund. Its primary customers are investors seeking liquidity and capital preservation, including individual and institutional investors. Revenue is generated through management fees based on the fund's assets under management, which may include income from cash, US government securities, and fully collateralized repurchase agreements. The fund allocates at least 99.5% of its assets to these instruments, with a significant portion in overnight repurchase agreements. Factors supporting endurance include regulatory compliance and a focus on capital preservation, while potential limitations include the variability of yields and tax implications affecting net returns.