Cash

BlackRock US Dollar Reserve Fund

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

Overview

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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
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.

Performance

Performance

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Distribution

 

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.01 0.00 0.21 0.72 1.60 1.97 0.36 -0.02 1.35 4.81
Benchmark (%) 0.00 0.04 0.32 0.94 1.78 2.06 0.30 -0.01 1.64 4.99

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

  1y 3y 5y 10y Incept.
4.95 2.43 1.81 1.21 2.00
Benchmark (%) 5.20 2.63 1.93 1.32 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.20 0.37 1.20 2.51 4.95 7.48 9.37 12.79 82.11
Benchmark (%) 1.30 0.45 1.30 2.62 5.20 8.09 10.01 14.05 -
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. 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

Key Facts

Key Facts

Net Assets of Fund as of 16-Apr-2024 USD 553,609,497
Share Class Inception Date 30-Nov-1993
Fund Inception 30-Nov-1993
Share Class Currency USD
Fund Base Currency USD
Asset Class Cash
Benchmark Secured Overnight Financing Rate (SOFR)
SFDR Classification Other
Initial Charge 0.00%
ISIN LU0006061419
Management Fee (incl Distribution Fee, if any) 0.45%
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 MIGSDRI
SEDOL 0938952
SFC-authorised ESG fund No
According to the latest BGF prospectus, the management fee of the Fund is 0.45%. The management fee mentioned above is inclusive of a management fee waiver applied to the Fund. The amount of management fee waiver applied to a particular Share Class may fluctuate from day to day and may be discontinued at any time.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Mar-2024 120
Weighted Average Maturity as of 12-Apr-2024 39 days
Weighted Average Life as of 12-Apr-2024 55 days
3y Beta as of 31-Mar-2024 0.986
1-Day Yield as of 16-Apr-2024 4.11%

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.

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, where available. 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, where appropriate.

Ratings

Morningstar, Inc. All Rights Reserved.

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 28-Mar-2024

% of Weight

Type Fund Benchmark Net
as of 15-Apr-2024

% of Weight

Type Fund
as of 15-Apr-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 USD 170.51 0.04 0.02 16-Apr-2024 170.51 162.39 LU0006061419
A2 Hedged GBP 200.67 0.05 0.02 16-Apr-2024 200.67 191.83 LU0297945965
C2 USD 169.73 0.04 0.02 16-Apr-2024 169.73 161.64 LU0331287036
D2 Hedged GBP 203.06 0.05 0.02 16-Apr-2024 203.06 193.73 LU0329591720
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA

Documents

Documents