MMKT ETF — Texas Capital Government Money Market ETF

Texas Capital Government Money Market ETF (MMKT)

Updated October 16, 2026.

MMKT is a low-cost ETF linked to U.S. government securities, cash, and repurchase agreements collateralized by U.S. government securities. its distribution rate is 3.79%, its trailing-12-month yield is 3.57%, its expense ratio is 0.20%. Total return is 8.2% over the past 2.1 years, 28.8 points behind SPY at 37.0%.

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

Price and return data through 2026-10-16.

Total return is 8.2% over the past 2.1 years, 28.8 points behind SPY at 37.0%. Over the past year its total return — price change plus distributions reinvested — is 3.5%.

MMKT key facts

Issuer

Texas Capital

Asset type

ETF

Asset class

Fixed Income

Inception date

09/24/2024

Expense ratio

0.20%

Distribution rate

3.79%

Distribution frequency

Weekly

Trailing yield

3.57%

Last close

$100.16 (as of 2026-10-16)

AUM

$67,643,839

Average volume

11301.0

Dividend

$0.073

Ex-dividend date

10/09/2026

Payment date

10/13/2026

Beta

-0.0004

How Dividend Vision calculates yield and returns

Distribution rate (3.79%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.57%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Texas Capital or company 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, 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.

More on MMKT

• All tickers starting with M

Tagged: Money Market, Treasury, Cash.

Frequently asked questions

More securities from Texas Capital.