MMKT Fees and Costs — Texas Capital Government Money Market ETF
Data updated: 2026-08-31
The net expense ratio is 0.20%. There are no sales loads or redemption fees.
MMKT Fees and Expenses
Annual operating expenses and sales charges of MMKT. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMKT Costs Over Time
On $10,000 invested in MMKT, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
MMKT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $19.9M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MMKT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Bank | $88.4M | 44.36% |
| Citadel Securities LLC | $45.5M | 22.85% |
| Royal Bank of Canada Capital Markets, LLC | $21.7M | 10.88% |
| FCSTONE | $17.4M | 8.72% |
| JPMORGAN CHASE | $17.0M | 8.55% |
| Mirae Asset | $4.7M | 2.36% |
| BANK OF AMERICA MERRILL LYNCH | $2.1M | 1.04% |
| Academy Securities | $1.5M | 0.74% |
| US BANCORP | $994K | 0.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.