Cash

BlackRock ICS Sterling Government Liquidity Fund

Overview

Capital at risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The value of investments and the income from them can fall as well as rise and is not guaranteed. You 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. 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. 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.
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Risk Indicator

Risk Indicator

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Low Yield High Yield

Performance

Performance

NAV

Performance chart data not available for display.
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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.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0,3 0,4 0,3 0,1 0,5 0,6 0,2 0,0 1,2 4,6
Comparator Benchmark 1 (%) 0,3 0,4 0,3 0,1 0,4 0,6 0,2 0,1 1,4 4,7

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

  1y 3y 5y 10y
4,98 2,36 1,54 0,92
Comparator Benchmark 1 (%)

as of 31-Mar-2024

5,09 2,47 1,61 0,96
  YTD 1m 3m 6m 1y 3y 5y 10y
1,29 0,44 1,29 2,61 4,98 7,24 7,94 9,64
Comparator Benchmark 1 (%)

as of 31-Mar-2024

1,30 0,44 1,30 2,63 5,09 7,60 8,32 10,06
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-2024

0,62 0,02 0,05 2,11 4,98
Comparator Benchmark 1 (%)

as of 31-Mar-2024

- 0,06 0,14 2,24 5,09
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 24-Apr-2024 GBP 5.407.261.126,97
Performance Start Date 04-Jul-2013
Fund Inception 24-Sept-2010
Base Currency GBP
Fund Type Constant NAV
Comparator Benchmark 1 Sterling Overnight Index Average Rate (SONIA)
SFDR Classification Other
Ongoing Charge 0,100%
ISIN IE00B43PVC83
Management Fee 0,100%
Minimum Initial Investment GBP 500.000.000
Domicile Ireland
Regulatory Structure UCITS
Issuing Company BlackRock Asset Management Ireland Limited
Fiscal Year End 30-Sept
Dealing Settlement Trade Date + 1 day
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker ICSSGIC
SEDOL B43PVC8
Trading Deadline 10:30 AM (IST)
Source: 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 24-Apr-2024 50,9%
Weekly Maturing Asset as of 24-Apr-2024 86,0%
Weighted Average Maturity as of 24-Apr-2024 24 days
Weighted Average Life as of 24-Apr-2024 24 days
Daily Distribution Factor as of 24-Apr-2024 0,000000000
1-day Yield as of 24-Apr-2024 5,11
7-day Yield as of 24-Apr-2024 5,11
30-day Yield as of 24-Apr-2024 5,11
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

Moody'sS&PFitch
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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

  • Denmark

  • Estonia

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Isle of Man

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Singapore

  • 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.
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 23-Apr-2024

% 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 23-Apr-2024

% of Weight

Type Fund
as of 23-Apr-2024

% 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 23-Apr-2024

% 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.
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.

Portfolio Managers

Portfolio Managers

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.

Paul Hauff
Director, Portfolio Manager

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

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 1 years
Example Investment GBP 10.000
Scenario
If you exit after 1 year

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9.970 GBP
-0,3%

Unfavourable

What you might get back after costs
Average return each year
10.000 GBP
0,0%

Moderate

What you might get back after costs
Average return each year
10.040 GBP
0,4%

Favourable

What you might get back after costs
Average return each year
10.490 GBP
4,9%

The stress scenario shows what you might get back in extreme market circumstances.

Literature

Literature