# iShares Prime Money Market ETF (PMMF): Money Market Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pmmf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Cash & Cash Equivalents - Strategy: Actively Managed · Inception: 2025-02-04 The iShares Prime Money Market ETF strives to generate strong current income, always balancing this goal with the critical needs for investment liquidity and the steadfast preservation of principal. ## Key Facts | Metric | Value | |---|---| | Price | $100.29 | | Expense Ratio | 0.20% | | Assets Under Management | $791.1M | | NAV | $100.27 (2026-11-05 close) | | Holdings Count | 117 | | Distribution Yield (TTM) | 4.23% | | Annual Distribution (TTM) | $4.24 /share | | Distribution Frequency | Weekly | | 52-Week Range | $100.10 – $100.54 | | Beta | -0.01 | ## Latest Distribution - Amount: $0.0765 /share - Ex-date: 2026-11-04 - Pay date: 2026-11-05 ## Frequently Asked Questions ### What does PMMF invest in? The iShares Prime Money Market ETF strives to generate strong current income, always balancing this goal with the critical needs for investment liquidity and the steadfast preservation of principal. ### What is the expense ratio of PMMF? iShares Prime Money Market ETF (PMMF) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PMMF? iShares Prime Money Market ETF (PMMF) manages $791.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PMMF actively managed or an index fund? PMMF is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PMMF's is 0.20%) in exchange for the discretion to over- or under-weight positions. ### When was PMMF launched? iShares Prime Money Market ETF (PMMF) launched in February 2025 and is managed by IShares. ### How has PMMF performed? PMMF's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PMMF pay a dividend? iShares Prime Money Market ETF (PMMF) currently distributes little or no income. Trailing-twelve-month yield is 4.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PMMF pay dividends? iShares Prime Money Market ETF pays dividends Weekly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PMMF's dividend yield? PMMF's trailing-twelve-month yield is 4.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is PMMF's next ex-dividend date? The most recently announced ex-dividend date for PMMF was 2026-11-04. The next ex-date typically follows Weekly; once announced it appears at the top of the dividend history table on this page. ### How much will PMMF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.20% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PMMF charge its expense ratio? The expense ratio is deducted in tiny daily slices from PMMF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PMMF cost more than a fund like VOO? PMMF is actively managed (current expense ratio 0.20%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PMMF's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PMMF? The Lower-Fee Alternatives card above lists money market funds following the same investment strategy as PMMF (0.20%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pmmf - Distribution history: https://www.dividenddata.com/funds/pmmf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pmmf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pmmf/expenses - Peer comparison: https://www.dividenddata.com/funds/pmmf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.