Cash

BBSOX

Short Obligations Fund

How To Buy
  • NAV as of Sep 18, 2024 $10.1000

Overview

Investment Approach

Under normal market conditions, Short Obligations Fund will invest in U.S. dollar-denominated investment grade and short-term fixed and floating rate debt securities maturing in three years or less (with certain exceptions) and will maintain a dollar-weighted average maturity of 180 days or less and a dollar-weighted average life of 365 days or less.
Loading

Performance

Performance

Growth of Hypothetical $10,000

View full chart

Performance data quoted represents past performance and is not a guarantee of future results.

Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed may be worth more or less than their original costs. Current performance may be lower or higher than that shown. All returns assume reinvestment of all dividend and capital gain distributions. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. Please call 800-441-7762 to obtain performance data current to the most recent month-end.

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 6 Month Treasury Bill Index. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 6 Month Treasury Bill Index. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 6 Month Treasury Bill Index.

  • Returns

  1y 3y 5y 10y
Total Return (%) 5.73 2.88 2.29 1.86
Benchmark (%) 5.46 3.00 2.25 1.64
Morningstar Category Avg. (%) 6.20 2.80 2.26 1.79
Morningstar Ranking 177/250 94/204 88/186 52/113
Morningstar Quartile 3 2 2 2
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Sep 18, 2024
$1,186.5 M
Share Class launch date
Nov 15, 2012
Asset Class
Prime
Net Expense Ratio
0.30%
Domicile
United States
Trading Deadline
4:00 p.m. (ET)
Size of Class (Millions)
as of Sep 18, 2024
$16.1 M
Base Currency
U.S. Dollar
Gross Expense Ratio
0.33%
Minimum Initial Investment
$5,000,000.00
CUSIP
091936658
Fund Code
01845
Expenses are as of the most current prospectus. The Net Expense Ratio does not include a voluntary cap of 0.20% on Total Annual Fund Operating Expenses (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses as a percentage of average daily net assets). The voluntary waiver or reimbursement may be reduced or discontinued at any time without notice. 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 Sep 18, 2024
179 days
Subsidized 30-Day SEC Yield
as of Aug 31, 2024
5.06%
Unsubsidized 30-Day SEC Yield
as of Aug 31, 2024
4.92%
Effective Duration
as of Aug 30, 2024
0.42 yrs
Unsubsidized 1-day Yield
as of Sep 18, 2024
4.88%
Unsubsidized 7-day Yield
as of Sep 18, 2024
4.90%
Unsubsidized 30-day Yield
as of Sep 18, 2024
4.87%
Weighted Average Life
as of Sep 18, 2024
253 days
Yield to Maturity
as of Aug 30, 2024
5.24%
Yield to Worst
as of Aug 30, 2024
5.21%
1-day Yield
as of Sep 18, 2024
5.03%
7-day Yield
as of Sep 18, 2024
5.04%
30-day Yield
as of Sep 18, 2024
5.02%

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.33%
Net Expense Ratio 0.20%

Net Expense Ratio excluding Investment Related Expenses is 0.20%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Exposure Breakdowns

Exposure Breakdowns

as of Sep 18, 2024

% of Market Value

Type Fund
The "Other Instrument – Note" category represents investment grade corporate bonds. The “Other Repurchase Agreement” category represents repurchase agreements backed by non-government securities, and any repurchase agreements not categorized as U.S. Treasury or U.S. Government Agency.
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 Sep 18, 2024

% 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 Sep 18, 2024

% 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 Sep 18, 2024

% of Market Value

Type Fund
"No S/T Rating" represents issuers that do not have a short term rating or committed cash. For issuers that don’t have a short term rating their issuer or guarantor long term equivalent would have a rating of BBB-, or equivalent, or higher by at least one nationally recognized statistical rating organization.

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

Bradford Glessner, CFA
Bradford Glessner, CFA
Eric Hiatt, CFA, FRM
Eric Hiatt, CFA, FRM
Portfolio Manager

Literature

Literature

 

How to Buy BlackRock Cash Management Funds

How to Buy BlackRock Cash Management Funds

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio.
Learn More Learn More

Complete and submit an executed application along with any supporting documentation required. Visit our Account Resources page to learn more.

Contact us at 800-441-7450 for assistance.

BlackRock cash management funds are also available through certain brokerage accounts. Visit your brokerage today to see how you can get started.


You should consider the investment objectives, risks and expenses of the Funds carefully before investing. The Funds’ prospectuses and, if available summary prospectuses, contain this and other information about the Funds and are available by calling our Client Service Center at 800-441-7450 or by visiting www.blackrock.com/cash. Please read the prospectus carefully before investing.

 

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.

©2024 BlackRock, Inc. or its affiliates. All rights reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All other marks are the property of their respective owners.