Cash

USDXX

Circle Reserve Fund

Overview

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Performance

Performance

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, and reflects fund level data. 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. The MTM NAV does not reflect the price at which an investor may transact in the Fund. Values in the chart above represent the actual fund MTM NAV and are rounded to 4 decimal places, which could cause chart variances.
 
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.
 
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 22-May-2024
$29,488.3
Performance Start Date
03-Nov-2022
Asset Class
Government
Minimum Initial Investment
$2,000,000,000
CUSIP
09261A870
Trading Deadline
2:00 p.m. (ET)
Size of Class (Millions)
as of 22-May-2024
$29,488.3
Base Currency
U.S. Dollar
Gross Expense Ratio
0.21%
Domicile
United States
Net Expense Ratio
0.17%
Fund Code
2280
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

Weighted Average Maturity
as of 22-May-2024
14 days
Daily Distribution Factor
as of 22-May-2024
0.000145084
Weekly Liquid Assets
as of 22-May-2024
100.0%
1-day Yield
as of 22-May-2024
5.30%
7-day Yield
as of 22-May-2024
5.29%
7-day SEC Yield
as of 22-May-2024
5.29%
30-day Yield
as of 22-May-2024
5.29%
30-day SEC Yield
as of 22-May-2024
5.29%
Weighted Average Life
as of 22-May-2024
14 days
Daily Liquid Assets
as of 22-May-2024
100.0%
Net Shareholder Flows
as of 16-May-2024
-$250,000,000
Unsubsidized 1-day Yield
as of 22-May-2024
5.18%
Unsubsidized 7-day Yield
as of 22-May-2024
5.17%
7-day Unsubsidized SEC Yield
as of 22-May-2024
5.17%
Unsubsidized 30-day Yield
as of 22-May-2024
5.17%
Unsubsidized 30-day SEC Yield
as of 22-May-2024
5.17%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fund Ratings

Holdings

Holdings

Position Description Amortized Cost %Par Par Identifier Final Maturity Maturity/Reset Yield/Coupon
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.

Exposure Breakdowns

Exposure Breakdowns

as of 22-May-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 22-May-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 22-May-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 22-May-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.
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

Eric Hiatt, CFA, FRM
Managing Director, Portfolio Manager

Eric D. Hiatt, CFA, FRM, Managing Director and portfolio manager, is the Head of U.S. Portfolio Management for Cash Management within BlackRock Global Markets.

Joseph Markowski
Managing Director, Portfolio Manager

Joseph Markowski, Managing Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

Eion D'Anjou
Director, Portfolio Manager

Eion D'Anjou, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

Christopher Linsky
Vice President, Portfolio Manager

Christopher Linsky, Vice President and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

Portfolio Manager

Literature

Literature

 

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