MMKT ETF — Texas Capital Government Money Market ETF

Texas Capital Government Money Market ETF (MMKT)

MMKT is a low-cost ETF that tracks the U.S. government securities, cash, and repurchase agreements collateralized by U.S. government securities. As of August 19, 2026, its distribution rate is 3.53%, its trailing-12-month yield is 3.63%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 86/100 (Safe). Fund total return is 7.7% over the past 1.9 years, 29.7 points behind SPY at 37.4%.

At the current 3.53% distribution rate, a $10,000 investment would generate approximately $353 per year, or $29.42 per month on an equivalent basis. Actual weekly payments vary.

Texas Capital Government Money Market ETF is an ETF that invests at least 80% of its assets in high-quality U.S. government money market instruments, including those subject to repurchase agreements, seeking to provide current interest income while maintaining liquidity and principal stability. The fund carries a current distribution rate in the moderate range, distributes income weekly, and has an expense ratio of 0.20%. It appeals to income-focused investors seeking the stability and liquidity characteristics of money market instruments backed by U.S. government securities.

MMKT performance versus SPY

Data as of August 19, 2026.

Fund total return is 7.7% over the past 1.9 years, 29.7 points behind SPY at 37.4%.

MMKT key facts

Data as of August 19, 2026.

Distribution Safety Score™

86 · Safe

Safety-Adjusted Yield

3.04%

Issuer

Texas Capital

Asset type

ETF

Asset class

Fixed Income

Inception date

09/24/2024

Expense ratio

0.20%

Distribution rate

3.53%

Distribution frequency

Weekly

Trailing yield

3.63%

Last close

$100.23

AUM

$72,641,789

Average volume

1563.0

Last dividend

$0.0680

Ex-dividend date

08/14/2026

Payment date

08/17/2026

Beta

-0.0004

How Dividend Vision calculates yield and returns

Distribution rate (3.53%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.63%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Texas Capital fund page; Index: U.S. government securities, cash, and repurchase agreements collateralized by U.S. government securities; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MMKT risks and drawbacks

MMKT's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider MMKT — and who may not

MMKT may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Texas Capital.