DWS Money Market Prime Series - DWS Money Market Fund
KMMXX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 875 Third Avenue New York NY United States of America 10022-6225
- IPO Date
- Apr 17, 2023
- CIK
- 0000055189
- Website
- fundsus.dws.com
- Similar Companies
- Business
- DWS Money Market Prime Series - DWS Money Market Fund (KMMXX) operates as a prime money market mutual fund that seeks maximum current income consistent with preservation of capital and maintenance of liquidity. The fund invests primarily in high-quality, short-term debt securities, including commercial paper, certificates of deposit, bankers' acceptances, repurchase agreements, and U.S. government securities; it maintains a dollar-weighted average portfolio maturity of 60 days or less and a dollar-weighted average life of 120 days or less. DWS Money Market Fund targets institutional and retail investors seeking stable net asset value and daily liquidity, with share classes including institutional prime, investor, and select series; it is part of the broader DWS money market complex managed by DWS Distributors, Inc., under the DWS Group umbrella. Headquartered in Windsor, Connecticut, with primary management operations in New York, the fund traces its roots to the DWS organization founded in 1956 as Deutsche Investment-Trust-Gesellschaft (Deutsche ITG), later evolving through the 2001 merger forming DWS Investments. The fund operates globally through DWS's network spanning North America, Europe, and Asia, serving corporate treasuries, governments, and financial institutions as primary customers. In recent developments, the fund navigated the 2023 U.S. money market reforms mandating enhanced liquidity fees and gates for institutional prime funds like KMMXX, prompting operational adjustments to ensure compliance while maintaining yield competitiveness. DWS announced strategic enhancements in 2024, including expanded ESG integration in select money market portfolios and a partnership with fintech platforms for improved institutional access; no major acquisitions or name changes occurred in the last two years, though DWS Group pursued asset management expansions amid market volatility.