Cash

BlackRock ICS Sterling Liquidity Fund

  • Transactional NAV Closing as of 05-Dec-2025 GBP 121.2101
  • MTM NAV as of 05-Dec-2025 Closing GBP 121.2103
  • % Difference 0.00
The Mark-to-Market NAV is posted after 8:30AM (NAV01), 11:00AM (NAV02), or 1:30PM (Closing) GMT every business day.
The Transactional NAV is posted after 1:30PM (Closing) GMT every business day.

Overview


The Fund aims to maximise income on your investment consistent with maintaining capital and ensuring its underlying assets can easily be bought or sold (in normal market conditions). Money invested in the Fund is not protected or guaranteed.

The Fund invests in a broad range of high credit quality fixed income securities (such as bonds) and MMIs (i.e. debt securities with short term maturities). It may also invest in deposits with credit institutions (e.g. banks).

The Fund will take into account environment, social and governance criteria when selecting investments as disclosed in the prospectus. For further details please refer to the prospectus.

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.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. On any day where the net return (i.e. return less costs and expenses) of the Fund is negative an Accumulating Share Class of the fund will see a decrease in the NAV per Share. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Such ESG screening may reduce the potential investment universe and this may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Risk Indicator

Risk Indicator

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Performance

Performance

NAV

View full chart
The NAV chart shows the share class level mark-to-market NAV for the period shown, beginning as at 14 January 2019.

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Source: BlackRock, as at most recent available data in the Performance chart and table. The NAV chart shows the share class level mark-to-market NAV for the period shown, beginning as at 14 January 2019. NAV data prior to 14 January 2019 is shown as share class transactional NAV. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. The income of the fund is reinvested as part of the calculation of the NAV. Refer to the latest KIID document for more Performance information.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) GBP 0.4 0.4 0.2 0.5 0.7 0.2 0.0 1.3 4.6 5.2
Comparator Benchmark 1 (%) GBP 0.4 0.3 0.2 0.5 0.6 0.1 -0.1 1.4 4.7 5.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y
Total Return (%) GBP

as of 30-Nov-2025

4.40 4.71 3.01 1.70
Comparator Benchmark 1 (%) GBP

as of 30-Nov-2025

4.38 4.72 3.02 1.65
  YTD 1m 3m 6m 1y 3y 5y 10y
Total Return (%) GBP

as of 30-Nov-2025

3.99 0.33 1.00 2.07 4.40 14.80 15.99 18.39
Comparator Benchmark 1 (%) GBP

as of 30-Nov-2025

3.97 0.33 0.99 2.06 4.38 14.83 16.04 17.83
  From
30-Sept-2020
To
30-Sept-2021		 From
30-Sept-2021
To
30-Sept-2022		 From
30-Sept-2022
To
30-Sept-2023		 From
30-Sept-2023
To
30-Sept-2024		 From
30-Sept-2024
To
30-Sept-2025
Total Return (%) GBP

as of 30-Sept-2025

0.01 0.64 3.95 5.33 4.55
Comparator Benchmark 1 (%) GBP

as of 30-Sept-2025

-0.08 0.70 4.06 5.30 4.54
The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation.

Source: BlackRock, as at most recent available data in the Performance Returns table. Refer to the latest KIID document for more Performance information.

The currency of returns is GBP for each historical period displayed. Returns are expressed as a percentage change of the Fund's net asset value. Performance is shown after deduction of ongoing charges. Total return represents changes to the NAV based on the amortised cost of underlying securities, and accounts for income reinvested into the Fund as represented by the price of the Fund. The Average Annual return represents the amount of money an investment could have earned over a one year period. The Cumulative return represents the amount of money an investment could have earned for an investor, irrespective of time.
Performance chart data not available for display.

Key Facts

Key Facts

Net Assets of Fund
as of 05-Dec-2025
GBP 46,205,544,946.87
Fund Inception
10-Dec-1998
Fund Type
Low Volatility NAV
SFDR Classification
Article 8
Ongoing Charge
0.150%
Management Fee
0.150%
Domicile
Ireland
Issuing Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 1 day
Bloomberg Ticker
ICSSLSA
Trading Deadline
1:00 PM (IST)
Moody's Fund Rating
Aaa-mf
Performance Start Date
29-Dec-2010
Base Currency
GBP
Comparator Benchmark 1
Sterling Overnight Index Average Rate (SONIA)
SDR classification
ESG Overseas
ISIN
IE00B461S113
Minimum Initial Investment
GBP 100,000,000
Regulatory Structure
UCITS
Fiscal Year End
30-Sept
Dealing Frequency
Daily, forward pricing basis
SEDOL
B461S11
Fitch Rating
AAAmmf
S&P Fund Rating
AAAm
Source: BlackRock

Fund ratings: Source: Moody's, S&P, or Fitch, as applicable. The Fund is rated by an external rating agency(ies). Such rating is solicited and financed by BlackRock.

IST = Irish Standard Time. ET = Eastern Time.

The charges are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. There are currently no entry or exit charges associated with this Fund.

Portfolio Characteristics

Portfolio Characteristics

Daily Maturing Asset
as of 04-Dec-2025
31.8%
Weighted Average Maturity
as of 04-Dec-2025
50 days
Daily Distribution Factor
as of 04-Dec-2025
0.000000000
7-day Yield
as of 05-Dec-2025
3.97%
Weekly Maturing Asset
as of 04-Dec-2025
42.1%
Weighted Average Life
as of 04-Dec-2025
75 days
1-day Yield
as of 04-Dec-2025
3.97%
30-day Yield
as of 05-Dec-2025
3.98%
Yields shown are net. Source: BlackRock and JPMorgan as Fund Accountant. All information is as at the date specified in the Portfolio Characteristics Table.

Fund Ratings

Fund Ratings

Source: Moody's, S&P, or Fitch, as applicable. As at 14 January 2019. The Fund is rated by an external rating agency(ies). Such rating is solicited and financed by BlackRock.

Registered Locations

Registered Locations

  • Austria

  • Bermuda

  • Denmark

  • Estonia

  • Finland

  • France

  • Germany

  • Guernsey

  • Hungary

  • Iceland

  • Ireland

  • Isle of Man

  • Italy

  • Latvia

  • Luxembourg

  • Malta

  • Netherlands

  • Norway

  • Saudi Arabia

  • Singapore

  • South Africa

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

Position Description Asset Type Amortized Cost %Par Par Market Value ISIN Final Maturity Maturity/Reset
Holdings shown are unaudited and are based on the fund’s unofficial books and records, and may not be representative of current or future investments. Fund holdings should not be relied on in making investment decisions and should not be construed as research or investment advice regarding particular securities. The holdings report provided represents certain information regarding the traded positions held within the portfolio as of the specified date. It does not include cash, accrued income and/or payables/receivables. The total assets reflected on the holdings report provided will not match to the net asset value of the fund as these items are excluded.
Download Holdings
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 04-Dec-2025

% of Weight

Type Fund
Sector exposure is calculated by aggregating the percent par of individual securities in the portfolio by security type. BlackRock uses a proprietary process to determine the security type of individual securities, by conducting a thorough analysis of the issuer/obligor, including but not limited to any support providers or enhancers. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds). Allocations are subject to change.
as of 04-Dec-2025

% of Weight

Type Fund
as of 04-Dec-2025

% of Weight

Type Fund
Maturity is provided in days. Maturity exposure is calculated by aggregating the percent par of holdings of individual securities in the portfolio by the legal final maturity date, or for securities that have a demand feature, the date in which the demand feature is exercised and proceeds received. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds). Allocations are subject to change.
as of 04-Dec-2025

% of Weight

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted by BlackRock to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds). Allocations are subject to change. S&P deem all A-1 securities maturing within 7 days as A-1+. Any security under a year with a long-term rating of AA- or above would also be considered to have a short-term rating of A-1+, whilst those with a long-term rating of A or above would be considered to have a short-term rating of A-1.

Portfolio Managers

Portfolio Managers

Matt Clay
Matt Clay
Managing Director, Portfolio Manager

Matt Clay, Managing Director and portfolio manager, is the Head of International Portfolio Management for Cash Management within BlackRock Global Markets.

Read More

Matt Clay, Managing Director and portfolio manager, is the Head of International Portfolio Management for Cash Management within BlackRock Global Markets.


Mr. Clay's service with the firm dates back to 2009, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was responsible for portfolio management and trading in BGI's European Cash Management Group. Prior to joining BGI, Mr. Clay was a portfolio manager at Lehman Brothers Asset Management. He began his career at Northern Trust in 1997, initially within the Securities lending operation and then as a portfolio manager for the Liquidity products within the Investment Management Division.

 

Paul Hauff
Paul Hauff
Director, Portfolio Manager

Paul Hauff, Director and portfolio manager, is a member of the International Cash Management team within BlackRock Global Markets.

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Paul Hauff, Director and portfolio manager, is a member of the International Cash Management team within BlackRock Global Markets.


Prior to his existing role, Mr. Hauff was a trader working on the Fixed Income Trading desk.


Mr. Hauff's service with the firm dates back to 1994, including his years with SG Warburg & Co Ltd, Mercury Asset Management (MAM) & Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, and prior to joining the Cash business, Mr.Hauff was a Senior Trader with the Global Fixed Income Trading Team. At MAM, Mr. Hauff worked as a Fixed Income Trader within the Private Client's Division. At SG Warburg & Co. Ltd, he worked as a Senior Foreign Settlements Officer. He began his career at Lloyds Merchant Bank in 1990, working for Lloyds Investment Managers Ltd, initially within the UK Corporate Actions team and then as a member of the Global Settlements Team.

 

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature