The iShares Prime Money Market ETF offers exposure to a broad mix of cash products, including repos, CDs, and commercial paper. PMMF operates under Rule 2a-7, aiming to maintain NAV stability and mitigate 'break-the-buck' risk during market stress. The fund's prime money market status allows for non-government security exposure, resulting in varied liquidity profiles across holdings.
iShares Prime Money Market ETF offers intraday liquidity and regulatory protections under SEC Rule 2a-7, enhancing traditional money market fund structures. PMMF currently emphasizes repos and CDs, maintaining a short 40-day weighted average maturity and a 3.7% SEC yield with weekly distributions. PMMF has consistently outperformed both T-Bill ETFs and large mutual fund money market peers, delivering small but reliable alpha within a tightly regulated framework.
The iShares Prime Money Market ETF (PMMF) eliminates duration risk amid growth rebound considerations and inflation still running hot. However, a growth rebound also makes some credit risk more appealing at the moment at low durations, provided by FLOT which also has a very low duration. Expense ratios are also lower on effectively similar low duration alternatives.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 10,298 | $1.03M | $1.03M | -$650.78 | -0.06% |
Bill McVay Red Tortoise LLC | 192 | $19,303.68 | $19,252.8 | -$50.88 | -0.26% |
Kevin Bresler TD Waterhouse Canada Inc. | 100,239 | $10.05M | $10.05M | $1,964.68 | 0.02% |
Uptick Partners LLC UPTICK PARTNERS, LLC | 18,780 | $1.88M | $1.88M | -$1,352.77 | -0.07% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 47 | $4,719.74 | $4,711.75 | -$7.99 | -0.17% |