After Texas Capital, BlackRock Files For Two New ETFs With Low Risk. Here's How Their Peers Fared In The Past Year

在德克萨斯资本之后，贝莱德申请了两个低风险的新etf。以下是他们的同行在过去一年的表现。

Benzinga · 11/14 05:36

BlackRock has submitted filings to introduce two new money market funds in ETF form on Thursday. These new offerings, named iShares Prime Money Market and iShares Government Money Market ETFs, will comply with the Securities and Exchange Commission's Rule 2a-7, ensuring high-quality ratings and minimal credit risk.

The move follows Texas Capital Bancshares Inc's (NASDAQ:TCBI) launch of the first 2a-7 ETF in September. Financial Times reported on Thursday that both BlackRock funds will focus on securities with maturities of 397 days or less, maintaining a dollar-weighted average maturity of 60 days or fewer and a dollar-weighted average life of 120 days or fewer.

Details on the proposed ETFs' fees were not disclosed in the filings. Texas Capital's ETF charges a fee of 0.20%, while BlackRock's similar existing ETFs have lower fees, such as the iShares US Treasury Bond ETF (BATS:GOVT) at 0.05% and the 0-3 Month Treasury Bond ETF at 0.09%.

In September, BlackRock liquidated two open-end money market funds in response to upcoming SEC rule changes requiring liquidity fees for prime institutional funds.

The introduction of these ETFs by BlackRock comes amid a significant shift in the money-market industry. Recently, the $6.3 trillion money-market sector saw the launch of its first ETF, the Texas Capital Government Money Market ETF (NYSE:MMKT), which capitalizes on the surge in money-market funds driven by high short-term yields. This ETF offers investors a safe haven with competitive returns, providing intraday liquidity and the stability of traditional money-market funds.

Here's how some of the existing money market fund ETFs have performed in the past year:

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSE:CSHI): The fund is managed by Neos Funds and holds $465 million worth of net assets. Its yearly return has been 5.72% compared to the category average of 6.51%.
Invesco Ultra Short Duration ETF (NYSE:GSY): With net assets close to $2.23 billion, the ETF launched by Invesco seeks to provide returns in excess of cash equivalents and provide preservation of capital and daily liquidity. The average duration of maturity is less than a year. The yearly returns of the fund have been 6.76% while the category average is 6.51% and its three-year returns have been 3.62% against the category average of 3.49%.
PGIM Ultra Short Bond ETF (NYSE:PULS): This ETF is issued by PGIM Investments and has net assets close to $8.56 billion. It normally maintains a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less. The fund's returns in the past year have been 6.53% against the category average of 6.51% while its three-year return has been 4.33% against the category average of 3.49%.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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贝莱德已于周四提交申请，引入两只新的货币型基金etf。这些新产品名为iShares Prime Money Market和iShares Government Money Market ETFs，将遵守证监会规则2a-7，确保高质量评级和最小信用风险。

此举是继德克萨斯首都银行股份有限公司（纳斯达克：TCBI）于九月份推出第一只2a-7 ETF之后。《金融时报》周四报道称，贝莱德的这两只基金将专注于债务到期日短于397天的证券，保持加权平均期限在60天或更短，加权平均存续期为120天或更短。

提议的etf费用细节未在文件中披露。德克萨斯首都的etf收取0.20%的费用，而贝莱德的类似现有etf收取较低费用，如iShares美国国债ETF（BATS：GOVT）为0.05%，而0-3个月国债ETF为0.09%。

In September, BlackRock liquidated two open-end money market funds in response to upcoming SEC rule changes requiring liquidity fees for prime institutional funds.

九月份，贝莱德清算了两只开放式货币市场基金，以响应即将实施的证监会规定，要求对主要机构基金收取流动性费用。

贝莱德推出这些etf之际，货币市场行业发生了重大变化。最近，价值6.3万亿美元的货币市场行业看到了首只etf的推出，即德克萨斯首都政府货币市场etf（纽约交易所：MMKT），利用了因短期收益率高而推动的货币市场基金激增。这只etf为投资者提供了一个安全的避风港，具有竞争力的回报，提供了逐笔流动性和传统货币市场基金的稳定性。

Here's how some of the existing money market fund ETFs have performed in the past year:

以下是过去一年中一些已有的货币市场基金etf的表现：

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSE:CSHI): The fund is managed by Neos Funds and holds $465 million worth of net assets. Its yearly return has been 5.72% compared to the category average of 6.51%.
Invesco Ultra Short Duration ETF (NYSE:GSY): With net assets close to $2.23 billion, the ETF launched by Invesco seeks to provide returns in excess of cash equivalents and provide preservation of capital and daily liquidity. The average duration of maturity is less than a year. The yearly returns of the fund have been 6.76% while the category average is 6.51% and its three-year returns have been 3.62% against the category average of 3.49%.
PGIM Ultra Short Bond ETF (NYSE:PULS): This ETF is issued by PGIM Investments and has net assets close to $8.56 billion. It normally maintains a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less. The fund's returns in the past year have been 6.53% against the category average of 6.51% while its three-year return has been 4.33% against the category average of 3.49%.

NEOS Enhanced Income 1-3 Month t-Bill ETF（纽约交易所：CSHI）：该基金由Neos Funds管理，持有46500万美元的净资产。其年回报率为5.72%，而行业平均水平为6.51%。
景顺超短期债券etf（纽约交易所：GSY）：拥有近23亿美元净资产的etf由景顺推出，旨在提供超过现金等价物的回报，并提供资本保值和每日流动性。平均到期日短于一年。该基金的年回报率为6.76%，而行业平均水平为6.51%，三年回报率为3.62%，高于行业平均水平3.49%。
PGIm Ultra Short Bond ETF (纽交所:PULS)：该etf由PGIm投资发布，净资产接近85.6亿美元。它通常保持加权平均持仓期限为一年或更短，加权平均到期为三年或更短。该基金过去一年的回报率为6.53%，而同类平均回报率为6.51%，其三年回报率为4.33%，而同类平均回报率为3.49%。

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

免责声明：本内容部分由Benzinga Neuro帮助制作，并经Benzinga编辑审查和发布。

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After Texas Capital, BlackRock Files For Two New ETFs With Low Risk. Here's How Their Peers Fared In The Past Year

After Texas Capital, BlackRock Files For Two New ETFs With Low Risk. Here's How Their Peers Fared In The Past Year

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