Cash

BlackRock US Dollar Reserve Fund

IMPORTANT:
•The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund's investments are concentrated in the US. This may result in greater volatility than more broad-based investments. An increase in interest rates may adversely affect the value of the bonds held by the Fund.
•The Fund is subject to currency risk, sovereign debt risk and securities lending counterparty risk.
•The Fund may use derivatives for hedging. The Fund may suffer losses from its derivative usage.
•The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

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

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
0.73 1.38 0.97 0.48 0.74
  YTD 6m 1y 3y 5y 10y Incept.
0.38 0.14 0.73 4.21 4.94 4.94 14.47
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Oct-2020 USD 622.426 M
Base Currency USD
Fund Inception 30-Nov-1993
Share Class Currency USD
Share Class Inception Date 01-Jul-2002
Additional Currencies GBP
Asset Class Cash
Morningstar Category USD Money Market - Short Term
Distribution Frequency Non-Distributing
ISIN LU0331287036
Bloomberg Ticker MIGSDCA
Management Fee (incl Distribution Fee, if any) 0.45%
Initial Charge 0.00%
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

Yield to Maturity as of 30-Sep-2020 0.17
Modified Duration as of 30-Sep-2020 0.22 yrs
12M Trailing Distribution as of - -
3y Volatility as of 30-Sep-2020 0.22
5yr Volatility as of 30-Sep-2020 0.23
Since Class Inception – Volatility as of 30-Sep-2020 0.86
Since Class Inception - Beta as of 30-Sep-2020 0.39
1-Day Yield as of 23-Oct-2020 0.00%
Weighted Average Maturity as of 22-Oct-2020 47 days
Weighted Average Life as of 22-Oct-2020 81 days

Holdings

Holdings

Name Type Weight (%) Shares Market Value ISIN CUSIP Coupon (%) Maturity Location Maturity/Reset
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

Type Fund
as of 22-Oct-2020

% of Weight

Type Fund
as of 22-Oct-2020

% of Weight

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the 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. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over time.
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

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
C2 USD Non-Distributing 157.55 0.00 0.00 23-Oct-2020 157.62 156.60 LU0331287036
D2 Hedged GBP Non-Distributing 190.49 0.00 0.00 23-Oct-2020 190.82 190.38 LU0329591720
A2 Hedged GBP Non-Distributing 189.00 0.00 0.00 23-Oct-2020 189.43 189.00 LU0297945965
A2 USD Non-Distributing 158.28 0.00 0.00 23-Oct-2020 158.34 157.32 LU0006061419

Portfolio Managers

Portfolio Managers

Edward Ingold CFA
Edward Ingold CFA
Christopher Linsky
Christopher Linsky

Documents

Documents