State Street Prime Money Market ETF

The State Street Prime Money Market ETF is an actively managed exchange-traded fund designed to maximize current income while preserving capital and maintaining liquidity. It invests in a diversified portfolio of short-term, high-quality debt obligations, including U.S. government securities such as Treasury bills, notes, and bonds; certificates of deposit and time deposits from U.S. and foreign banks; commercial paper; asset-backed securities; mortgage-related securities; and repurchase agreements. With a low net expense ratio of 18 basis points, it stands out as one of the most cost-effective active prime money market ETF strategies available, offering investors the convenience, transparency, and trading flexibility of ETFs alongside institutional-grade cash management expertise from State Street Investment Management, which oversees nearly $600 billion in cash assets. The fund issues and redeems shares in large creation units primarily in-kind, with net asset value calculated daily after market close, and an intraday indicative value disseminated during trading hours. Priced stably around $100 per share, it caters to those seeking reliable cash solutions in the evolving money market ETF landscape.