USDX
XFT Short-Duration Municipal Money Market Fund
NAV: $10.47
Change: +$0.03 (+0.29%)
As of: 5/23/25
Investment Strategy
Seeks to provide current income exempt from federal income tax while maintaining liquidity and capital preservation. Invests primarily in high-quality short-term municipal securities with dollar-weighted average maturity of 60 days or less.
Key Metrics
$847M
Net Assets
3.42%
7-Day Yield
0.35%
Expense Ratio
38 Days
Avg Maturity
Top Holdings
| Security | Weight |
|---|---|
| New York City GO 4.5% 7/2025 | 8.7% |
| California State GO 4.2% 8/2025 | 7.3% |
| Texas Muni Gas Corp 4.8% 6/2025 | 6.9% |
| Florida Development Finance 4.1% 9/2025 | 6.2% |
| Illinois Finance Authority 4.6% 7/2025 | 5.8% |
| Other Holdings (142 securities) | 65.1% |
Fund Details
| CUSIP | 98765M108 |
| Inception | 3/15/2020 |
| Category | Tax-Free Money Market |
| Benchmark | Bloomberg Municipal MMF Index |
| Distribution | Daily |
| Min Investment | $1,000 |
Portfolio Manager
Satoshi Nakamoto, CFA
Lead Portfolio Manager
15 years experience
With XFT since 2020
Lead Portfolio Manager
15 years experience
With XFT since 2020
Sector Allocation
| General Obligation | 34.2% |
| Revenue Bonds | 28.7% |
| Variable Rate Demand Notes | 21.5% |
| Commercial Paper | 12.8% |
| Cash & Equivalents | 2.8% |
Important Risk Information: Money market funds are not guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Municipal securities may be subject to credit, interest rate, and market risks. Income may be subject to state and local taxes and the federal alternative minimum tax. Please read the prospectus carefully before investing.