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GMMF ETF — Holdings & Analysis

The iShares Government Money Market ETF (GMMF) is a cash and cash equivalents ETF managed by iShares, with $0.10 billion in assets under management. Launched in February 2025, GMMF seeks to provide current income consistent with liquidity and principal stability.

Its expense ratio is 0.20%, positioning it as a potentially cost-effective option for investors seeking exposure to government money market instruments. The fund's portfolio consists of 47 holdings, primarily focused on cash and other instruments, offering a high degree of liquidity.

iShares Government Money Market ETF (GMMF) ETF — Price, Holdings & Analysis

The iShares Government Money Market ETF (GMMF) is a cash and cash equivalents ETF managed by iShares, with $0.10 billion in assets under management. Launched in February 2025, GMMF seeks to provide current income consistent with liquidity and principal stability. Its expense ratio is 0.20%, positioning it as a potentially cost-effective option for investors seeking exposure to government money market instruments. The fund's portfolio consists of 47 holdings, primarily focused on cash and other instruments, offering a high degree of liquidity.

ETF Overview

The iShares Government Money Market ETF seeks current income as is consistent with liquidity and stability of principal.
The iShares Government Money Market ETF (GMMF) aims to deliver current income while maintaining liquidity and stability of principal. This ETF invests primarily in government money market instruments, providing investors with exposure to a portfolio of short-term, high-quality debt securities. With 100% of its assets allocated to cash and other instruments, GMMF offers a straightforward approach to cash management. The fund's strategy focuses on securities issued or guaranteed by the U.S. government or its agencies, seeking to minimize credit risk. GMMF is designed for investors looking for a safe haven for their capital, such as those nearing retirement or saving for a short-term goal. Unlike broader market ETFs, GMMF does not aim for capital appreciation but rather focuses on preserving capital and generating modest income. Its concentrated allocation to government-backed securities differentiates it from other cash management options that may include corporate debt or other riskier assets.

Risk Metrics

GMMF's risk profile is characterized by its concentration in cash and cash equivalents, with 100% of its assets allocated to this sector. This concentration mitigates sector-specific risks associated with other asset classes but exposes the fund to minimal interest rate risk. The fund's beta of 0.00 indicates very low volatility relative to the broader market. However, the expense ratio of 0.20% introduces a slight drag on returns, which investors may want to research. While GMMF aims for principal stability, it's important to acknowledge that it is still subject to market fluctuations, albeit to a lesser extent than equity or bond ETFs. Given its focus on government securities, credit risk is minimal, but not entirely absent. Investors should also be aware of the potential for inflation to erode the real value of returns, especially in a low-yield environment. Past performance does not guarantee future results.

Expense Ratio

0.20%

How Is the Fund Allocated?

SectorWeight
Cash & Others100.0%
CountryWeight
Other100.0%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.00

Questions & Answers

What is GMMF and what does it track?

The iShares Government Money Market ETF (GMMF) is designed to provide current income while maintaining liquidity and stability of principal.

Launched in February 2025, GMMF invests primarily in government money market instruments, offering investors exposure to short-term, high-quality debt securities issued or guaranteed by the U.S. government or its agencies.

What is the expense ratio for GMMF?

The iShares Government Money Market ETF (GMMF) has an expense ratio of 0.20%. This means that for every $10,000 invested in the fund, $20 is used to cover the fund's operating expenses annually.

While there isn't a clearly defined category average for government money market funds, this expense ratio is relatively competitive compared to other specialized ETFs.

What are the top holdings in GMMF?

As a money market fund, GMMF's holdings are primarily short-term government securities and cash equivalents. While specific holdings can change daily, the fund generally invests in instruments like U.S.

Treasury bills, repurchase agreements backed by government securities, and other short-term obligations of U.S. government agencies. The fund's portfolio consists of 47 holdings, all within the cash and other instruments sector.

Is GMMF a good long-term investment?

GMMF is not typically considered a long-term investment for investors seeking substantial capital appreciation. Its primary objective is to provide current income while preserving capital and maintaining liquidity.

How does GMMF compare to similar ETFs?

GMMF competes with other money market ETFs that offer exposure to short-term, high-quality debt securities. Key factors to consider when comparing GMMF to its peers include the expense ratio, AUM, and investment strategy.

GMMF has an expense ratio of 0.20% and AUM of $0.10 billion.

Does GMMF pay dividends?

GMMF aims to provide current income, but its dividend yield is currently 0.00%. While the fund may distribute income periodically, the yield can fluctuate based on prevailing interest rates and market conditions.

Investors seeking regular income may want to consider other dividend-paying ETFs or investment options. However, GMMF's primary focus is on capital preservation and liquidity, making it a suitable choice for investors prioritizing safety over income.