News and Announcements

December 4 2025

MMDT Christmas Holiday Observance 2025

On Wednesday, December 24, 2025, the MMDT Short Term Bond Portfolio will close to transactions at 1:00 p.m. ET and the MMDT Cash Portfolio will close to transactions at 3:00 p.m. ET.  Participant Services will be open from 8:00 a.m. to 4:00 p.m. ET.

Visit Participant Services

Upcoming Events

December 7 2025 - December 10 2025
Mass Association of Contributory Retirement Systems (MACRS) Fall 2025 Conference
 Springfield, MA

December 10 2025
Cape and Island Municipal Treasurers and Collectors Holiday Meeting
Sandwich, MA

View All Upcoming Events

Daily Performance

MMDT Cash Portfolio

AS OF December 8 2025
Daily Pool Performance
7-Day Net Yield
Daily Net Yield
NAV $1.00
Daily Assets $29,992,023,167.45
YTD Total Return NAV

MMDT Short Term Bond Portfolio

AS OF December 8 2025
Daily Pool Performance
30-Day Dist. Yield 3.69%
Daily Dist. Yield 3.76%
NAV $10.44
Daily Assets $798,085,205.55
YTD Total Return NAV
DISCLOSURES

Performance quoted represents past performance, which is no guarantee of future results. Investment return will vary. The value of an investment when redeemed, may be worth more or less than the original cost.

Current performance may be lower or higher than what is stated. To view performance current to the most recent month-end and for standard total returns and yields, click on the Performance Annualized and Yields tabs on the main Product page.  

Investors should carefully consider the portfolio's investment objectives, risks, charges and expenses before investing. Information about these and other important subjects is in the Investment Circular, which you should read carefully before investing.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

Latest Insights

December 1 2025
Markets/Economy .
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November 25 2025
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Downward momentum
December 1 2025
November 24 2025
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Your Partner in the Management of Public Funds

MMDT was created to offer public entities an opportunity to combine their investment dollars in a pool that seeks safety of principal, liquidity, and competitive yield.

MMDT has grown over the years offering two investment pools: the Cash Portfolio and the Short Term Bond Portfolio.

Your Representatives

Caroline Kafafian, CIMA®

Federated Hermes
Sales Representative
Caroline.Kafafian@FederatedHermes.com
617-235-7144

Caroline is responsible for relationship management with MMDT participants.
 

Justin Fein

Federated Hermes
Sales Representative
Justin.Fein@FederatedHermes.com
617-235-7111

Justin is responsible for relationship management with MMDT participants.

Wayne Perry

Federated Hermes
Participant Services
Wayne.Perry@FederatedHermes.com
1-888-965-MMDT (6638)

Wayne is responsible for managing the MMDT Participant Services team from the High Street office.