Revolutionizing Liquidity Management: The Texas Capital Government Money Market ETF

In a groundbreaking move, Texas Capital Bank Private Wealth Advisors, a subsidiary of Texas Capital Bank, and the Texas Capital Funds Trust have announced the launch of the Texas Capital Government Money Market ETF (NYSE: MMKT). This innovative and first-of-its-kind ETF will provide investors with a unique opportunity to access a government money market fund in the form of an exchange-traded fund, combining the flexibility and liquidity of an ETF with the risk and return characteristics of a traditional money market fund.

Unlocking a New Era of Liquidity and Stability

Navigating the Evolving Interest Rate Landscape

The launch of the Texas Capital Government Money Market ETF comes at a critical time, as the investment landscape has undergone substantial changes in recent years. With interest rates fluctuating and the economic environment becoming increasingly complex, investors are seeking reliable and flexible solutions to manage their liquidity, volatility, and credit risks. The MMKT ETF aims to address these needs by offering a government money market fund in an ETF structure, providing investors with a unique investment alternative that can adapt to the changing market conditions.The MMKT ETF is designed to follow Rule 2a-7 of the Investment Company Act of 1940, which governs the operations of traditional money market funds. This regulatory framework ensures that the fund maintains a high level of liquidity and stability, while also seeking to provide investors with a competitive level of current interest income. By adhering to these strict guidelines, the MMKT ETF aims to offer investors a secure and reliable option for managing their short-term cash allocations.

Combining the Best of ETFs and Money Market Funds

The Texas Capital Government Money Market ETF represents a groundbreaking innovation in the investment landscape. By blending the tradability and flexibility of an ETF with the risk and return characteristics of a money market fund, the MMKT ETF provides investors with a unique investment solution that caters to their evolving needs.The intraday liquidity and trading capabilities of an ETF allow investors to easily access and manage their investments, while the money market fund structure ensures a focus on preserving capital and maintaining stability. This combination of features offers investors the opportunity to efficiently manage their liquidity needs, mitigate volatility, and maintain a prudent approach to credit risk within their securities portfolio.

Expanding the Reach of Texas Capital's Investment Solutions

The launch of the Texas Capital Government Money Market ETF is a testament to the firm's commitment to innovation and its dedication to serving the diverse needs of its clients. As the premier full-service financial services firm headquartered in Texas, Texas Capital has a proven track record of delivering customized solutions to businesses, entrepreneurs, and individual investors.The MMKT ETF joins the firm's existing suite of managed ETFs, including the flagship Texas Capital Texas Equity Index ETF (NYSE Arca: TXS), which provides investors with exposure to the diversity and growth of the eighth-largest economy in the world – Texas. By expanding its investment offerings to include a government money market ETF, Texas Capital is further solidifying its position as a trusted partner for investors seeking comprehensive and innovative financial solutions.

Experienced Leadership and Governance

The Texas Capital Funds Trust, the investment company that oversees the MMKT ETF, is led by a team of seasoned professionals with extensive experience in the financial services industry. Edward Rosenberg, the head of ETF & Funds Management for Texas Capital, serves as the president of the Trust, bringing his expertise in the development and management of innovative investment products.The Fund's portfolio is managed by J. Steven Orr, the chief investment officer of Texas Capital Bank Private Wealth Advisors, who has over 30 years of portfolio management experience. The Board of Trustees for the Texas Capital Funds Trust includes industry luminaries such as Hayman Capital Management Founder and Chief Investment Officer J. Kyle Bass, Texas Capital's Head of Corporate & Investment Banking Daniel S. Hoverman, and other respected leaders in the financial sector.This experienced and accomplished team, combined with the robust governance structure of the Texas Capital Funds Trust, provides investors with the confidence that the MMKT ETF is managed with the highest standards of professionalism and integrity.

Addressing Investor Needs in a Changing Market

The launch of the Texas Capital Government Money Market ETF comes at a critical juncture, as investors navigate the complexities of the current market environment. With interest rates fluctuating and economic conditions evolving, the need for flexible and reliable investment solutions has become increasingly paramount.The MMKT ETF addresses this need by offering investors a government money market fund in an ETF structure, providing them with the ability to efficiently manage their liquidity, mitigate volatility, and maintain a prudent approach to credit risk. By combining the tradability and flexibility of an ETF with the risk and return characteristics of a traditional money market fund, the MMKT ETF presents a unique and innovative investment alternative that can adapt to the changing market landscape.As the first ETF committed to following Rule 2a-7, the MMKT ETF provides investors with the assurance of a highly regulated and stable investment vehicle, while also offering the intraday trading capabilities and transparency of an exchange-traded fund. This combination of features positions the MMKT ETF as a valuable tool for investors seeking to optimize their short-term cash allocations and manage their overall investment portfolios with greater efficiency and control.