Cash

MCPXX

BLF MuniCash

Overview

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Performance

Performance



The data for the Mark-to-Market Net Asset Value chart changed from fund level to share class level, effective October 11, 2016, when the Fund implemented floating net asset value per share pricing.


The daily Mark-to-Market Net Asset Value (“MTM NAV”) chart is provided in accordance with the Securities and Exchange Commission’s Rule 2a-7 of the Investment Company Act of 1940. The Mark-to-Market NAV value should not be viewed as indicative of future MTM NAVs or the future performance of any of the funds and should not be relied upon for purposes of making an investment decision. The MTM NAV may change from day today. Values in the chart above represent the actual fund MTM NAV and are rounded to 4 decimal places, which could cause chart variances. 

The daily NAV data is provided in accordance with Rule 2a-7 of the Investment Company Act of 1940. If there are no assets in this share class on a given business day, the chart will not reflect a data point for that business day.
 
You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
 
Past performance does not guarantee future results.
Performance chart data not available for display.
Performance chart data not available for display.

Key Facts

Key Facts

Size of Fund (Millions) as of 27-Mar-2024 $2,965.3
Base Currency U.S. Dollar
Performance Start Date 22-Mar-2017
Domicile United States
CUSIP 09248U254
Fund Code 0056
Net Expense Ratio 0.25%
Gross Expense Ratio 0.35%
Minimum Initial Investment $50,000
Trading Deadline 1:00 p.m. (ET)
Asset Class Tax-Exempt
12:30PM EST Purchases

Regulatory Links
Public Filings
Form N-MFP

Expenses are as of the most current prospectus. BlackRock may contractually agree to waive or reimburse certain fees until a specified date. Contractual waivers are terminable upon 90 days’ notice by a majority of the funds non-interested trustees or by a vote of the majority of the outstanding voting securities of the fund. The investment advisor and/or other service providers may also voluntarily agree to waive certain fees and expenses which can be discontinued at any time without notice. When waivers or reimbursements are in place, the operating expenses are reduced and total returns to the shareholder in the fund increase. Please see the prospectus for additional information.

Portfolio Characteristics

Portfolio Characteristics

Daily Liquid Assets as of 27-Mar-2024 28.5%
Weekly Liquid Assets as of 27-Mar-2024 100.0%
Weighted Average Maturity as of 27-Mar-2024 5 days
Weighted Average Life as of 27-Mar-2024 5 days
Daily Distribution Factor as of 27-Mar-2024 0.000000000
Net Shareholder Flows as of 27-Mar-2024 -$116,003,793
1-day Yield as of 27-Mar-2024 0.00%
Unsubsidized 1-day Yield as of - -
7-day Yield as of 27-Mar-2024 0.00%
Unsubsidized 7-day Yield as of - -
7-day SEC Yield as of 27-Mar-2024 0.00%
7-day Unsubsidized SEC Yield as of 27-Mar-2024 0.00%
30-day Yield as of 27-Mar-2024 0.00%
Unsubsidized 30-day Yield as of 27-Mar-2024 0.00%
30-day SEC Yield as of 27-Mar-2024 0.00%
Unsubsidized 30-day SEC Yield as of 27-Mar-2024 0.00%
The daily shareholder flows data is provided in accordance with the Rule 2a-7 of the Investment Company Act of 1940. If there are no or net zero daily shareholder flows for a given business day, the chart will not reflect a data point for that business day.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.

Fund Ratings

Fund Ratings

S&P
AAAm
Ratings by S&P and/or Moody's apply to the credit quality of a fund’s portfolio and are not a recommendation to buy, sell or hold securities of a fund, are subject to change and do not remove market risks associated with investments in the fund. For complete information on the methodology used by each rating agency, please visit the S&P or Moody's websites.

Exposure Breakdowns

Exposure Breakdowns

as of 26-Mar-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 26-Mar-2024

% of Weight

Type Fund
Geographic exposure is calculated by aggregating the percent par of holdings of individual securities in the portfolio based on a hierarchy by security type.  For repurchase agreements, exposure is rolled-up to the counterparty for Other Repurchase agreements.  For US Treasury and US Government Agency repurchase agreements, exposure looks through to the underlying collateral.  For Asset Backed Commercial Paper (“ABCP”), exposure looks to the sponsor level of the ABCP conduit.  For Variable Rate Demand Notes, exposure rolls up to the credit-enhancer.  The Geography report represents BlackRock’s view of each security’s geography risk. 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 26-Mar-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 26-Mar-2024

% of Weight

Type Fund
Other represents long-term ratings for tax-exempt money market fund exposure breakdowns. 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.

Portfolio Managers

Portfolio Managers

Kristi Manidis
Director, Portfolio Manager

Kristi Manidis, Director, is a portfolio manager for the Municipal Fixed Income business in BlackRock's Portfolio Management Group.

Kevin Maloney, CFA
Director, Portfolio Manager

Kevin Maloney, CFA, Director and Co-Head of the Municipal Funds team, is a Portfolio Manager within the Municipal Fixed Income business in BlackRock's Portfolio Management Group.

Portfolio Manager

Literature

Literature

 

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