Cash

MPPXX

BLF MuniCash

Overview

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Performance

Performance

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Performance chart data not available for display.

Key Facts

Key Facts

Size of Class (Millions) as of Mar 01, 2021 $0.0 M
Size of Fund (Millions) as of Mar 01, 2021 $5,642.0 M
Base Currency U.S. Dollar
Share Class launch date Jul 29, 2019
Domicile United States
CUSIP 09248U197
Fund Code -
Net Expense Ratio 0.20%
Gross Expense Ratio 0.26%
Minimum Initial Investment $3,000,000.00
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 Liquidity Assets % as of Feb 26, 2021 9.2%
Weekly Liquidity Assets % as of - -
Weighted Average Maturity as of Feb 26, 2021 23 days
Weighted Average Life as of Feb 26, 2021 23 days
Daily Distribution Factor as of Feb 26, 2021 0.000000274
Net Shareholder Flows as of Mar 01, 2021 $259,012,614
1-day Yield as of Feb 26, 2021 0.01%
7-day Yield as of Mar 01, 2021 0.01%
7-day SEC Yield as of Mar 01, 2021 0.01%
30-day Yield as of Mar 01, 2021 0.01%
30-day SEC Yield as of Mar 01, 2021 0.01%
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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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. The Fund manager conducts regular portfolio risk reviews with the 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.

Ratings

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 Feb 26, 2021

% of Market Value

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 Feb 26, 2021

% of Market Value

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 Feb 26, 2021

% of Market Value

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 Feb 26, 2021

% of Market Value

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
Kristi Manidis
Kevin Schiatta
Director

     

Portfolio Manager

Literature

Literature

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