Cash

BGF US Dollar Reserve Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Loss of Capital: an automatic share redemption may occur which will reduce the number of shares held by each investor. This share redemption will result in a loss of capital to investors. Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -0.24 -0.24 -0.25 -0.04 0.47 1.35 1.72 0.11 -0.27 1.10
Comparator Benchmark 1 (%) 0.03 0.00 0.04 0.32 0.94 1.78 2.06 0.30 -0.01 1.64
  1Y 3Y 5Y 10y Incept.
1.10 0.31 0.80 0.37 1.13
Comparator Benchmark 1 (%)

as of Dec 31, 2022

1.64 0.64 1.15 0.70 -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.10 0.33 0.78 1.19 1.10 0.93 4.05 3.73 31.48
Comparator Benchmark 1 (%)

as of Dec 31, 2022

1.64 0.33 0.88 1.43 1.64 1.92 5.87 7.27 -
  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

1.35 1.72 0.11 -0.27 1.10
Comparator Benchmark 1 (%)

as of Dec 31, 2022

1.78 2.06 0.30 -0.01 1.64
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Feb 2, 2023 USD 480,917,648
Share Class Inception Date Sep 1, 1998
Fund Inception Date Nov 30, 1993
Share Class Currency USD
Base Currency USD
Asset Class Cash
Comparator Benchmark 1 Secured Overnight Financing Rate (SOFR)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.70%
Annual Management Fee 0.70%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Money Market - Short Term
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MIGSDRE
ISIN LU0090845503
SEDOL 5548970

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 30, 2022 104
WAM as of Feb 1, 2023 16 days
WAL as of Feb 1, 2023 50 days
1-day Yield as of Feb 2, 2023 3.38%

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager considers ESG information in the research, security selection and portfolio review stages of the investment process. The Fund manager conducts bi-weekly credit meetings, wherein each credit is examined through an internal relative value analysis, which contains qualitative governance considerations combined with environmental, societal and governance metrics derived from third-party data providers. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

Name Type Market Value Weight (%) Shares holdings.all.localMarketValue ISIN Maturity Maturity/Reset
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 30, 2022

% of Market Value

Type Fund
as of Feb 1, 2023

% of Market Value

Type Fund
as of Feb 1, 2023

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
E2 USD Accumulating 152.55 0.02 0.01 Feb 2, 2023 152.55 150.14 LU0090845503 -
E2 Hgd GBP Accumulating 179.95 0.01 0.00 Feb 2, 2023 179.95 178.18 LU0297947409 -
D2 Hgd GBP Accumulating 192.32 0.01 0.01 Feb 2, 2023 192.32 189.74 LU0329591720 -
X2 USD Accumulating 10.96 0.00 0.01 Feb 2, 2023 10.96 10.71 LU0462857789 -
A2 USD Accumulating 161.00 0.02 0.01 Feb 2, 2023 161.00 158.12 LU0006061419 -
C2 USD Accumulating 160.26 0.02 0.01 Feb 2, 2023 160.26 157.40 LU0331287036 -
A2 Hgd GBP Accumulating 190.51 0.01 0.00 Feb 2, 2023 190.51 188.25 LU0297945965 -

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA
Christopher Linsky
Christopher Linsky

Literature

Literature