iShares Prime Money Market ETF (PMMF)
ARCA ARCA Primary Summary
PMMF Chart
PMMF: Growth Rebound Calms Growth Mandate Response Forecast
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.
PMMF: New Prime Money Market ETF From iShares
PMMF is a newly launched ETF designed to offer intra-day trading liquidity for money market fund-like investments, adhering to SEC Rule 2a-7. This distinguishes it from traditional money market funds that operate with end-of-day NAV calculations. While aiming for high current income with liquidity and principal stability, PMMF's holdings, which include bank deposits and tri-party repos, introduce some counterparty credit risk, unlike pure T-Bill ETFs.
iShares Prime Money Market ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 10,298 | $1.03M | $1.03M | -$238.86 | -0.02% |
 Bill McVay Red Tortoise LLC | 192 | $19,303.68 | $19,257.6 | -$46.08 | -0.24% |
 Kevin Bresler TD Waterhouse Canada Inc. | 100,239 | $10.05M | $10.05M | $4,971.85 | 0.05% |
 Uptick Partners LLC UPTICK PARTNERS, LLC | 18,780 | $1.88M | $1.88M | -$1,071.07 | -0.06% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 47 | $4,719.74 | $4,713.63 | -$6.11 | -0.13% |
