Cash

PMMF

iShares Prime Money Market ETF

  • NAV as of Feb 11, 2025 $100.08
  • 1 Day NAV Change as of Feb 11, 2025 0.01 (-%)
  • 7-day SEC Yield as of Feb 11, 2025 4.29%
  • Fees as stated in the prospectus Expense Ratio: 0.20%

Overview

Why PMMF?

1. Money market investment: Allows investors to diversify their cash beyond traditional deposit accounts, while adhering to the strict SEC money market rules under Rule 2a-7.*

 

2. Choice: As one of the industry's first money market ETFs, PMMF provides similar exposure as traditional money market funds, offering investors choice and flexibility in how they manage their cash.

 

3. Combined expertise: Leverage BlackRock’s ETF expertise, backed with decades of cash management experience.

 

 

*Rule 2a-7, under the Investment Company Act of 1940, as amended, is the principal rule governing money market funds.

INVESTMENT OBJECTIVE

The iShares Prime Money Market ETF seeks as high a level of current income as is consistent with liquidity and stability of principal.
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Performance

Performance

Distributions

This fund does not have any distributions.
Record Date Ex-Date Payable Date Total Distribution

Premium/Discount

View full chart

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. 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. Values in the chart above represent the actual fund MTM NAV and are rounded to 4 decimal places, which could cause chart variances

Performance data is not currently available
Performance data is not currently available
Performance data is not currently available
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. The fund's investment advisor may, from time to time, voluntarily waive a portion of its fees. Performance shown reflects these fee waivers and would be lower without such waivers. BFA may discontinue voluntary waivers at any time without notice.
Performance chart data not available for display.
Performance chart data not available for display.

Key Facts

Key Facts

Net Assets of Fund
as of Feb 11, 2025
$101,075,828
Exchange
NYSE Arca
Shares Outstanding
as of Feb 11, 2025
1,010,000
Premium/Discount
as of Feb 11, 2025
0.08%
Closing Price
as of Feb 11, 2025
100.16
30 Day Median Bid/Ask Spread
as of Feb 10, 2025
0.03%
Fund Launch Date
Feb 04, 2025
Asset Class
Cash
Distribution Frequency
Monthly
CUSIP
09290C756
30 Day Avg. Volume
as of Feb 11, 2025
1,776.00
Daily Volume
as of Feb 11, 2025
1,196.00

Regulatory Links
> Public Filings
> Form N-MFP

Portfolio Characteristics

Portfolio Characteristics

Weighted Average Maturity
as of Feb 10, 2025
34 days
Daily Liquidity Assets %
as of Feb 10, 2025
52.6%
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
1-day Yield
as of Feb 11, 2025
4.30%
7-day Yield
as of Feb 11, 2025
4.29%
7-day SEC Yield
as of Feb 11, 2025
4.29%
30-day Yield
as of -
-
30-day SEC Yield
as of -
-
Weighted Average Life
as of Feb 10, 2025
85 days
Weekly Liquidity Assets %
as of Feb 10, 2025
53.1%
12m Trailing Yield
as of -
-
Net Shareholder Flows
as of Feb 06, 2025
$1,000,174
Unsubsidized 1-day Yield
as of Feb 11, 2025
4.30%
Unsubsidized 7-day Yield
as of Feb 11, 2025
4.29%
7-day Unsubsidized SEC Yield
as of Feb 11, 2025
4.29%
Unsubsidized 30-day Yield
as of -
-
Unsubsidized 30-day SEC Yield
as of -
-

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of Feb 10, 2025
0.00%
MSCI - Nuclear Weapons
as of Feb 10, 2025
0.00%
MSCI - Civilian Firearms
as of Feb 10, 2025
0.00%
MSCI - Tobacco
as of Feb 10, 2025
0.00%
MSCI - UN Global Compact Violators
as of Feb 10, 2025
0.00%
MSCI - Thermal Coal
as of Feb 10, 2025
0.00%
MSCI - Oil Sands
as of Feb 10, 2025
0.00%
Business Involvement Coverage
as of Feb 10, 2025
96.60%
Percentage of Fund not covered
as of Feb 10, 2025
3.40%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Management Fee 0.20%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.20%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Maturity Accrual Date
Detailed Holdings and Analytics
Holdings are subject to change.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 10, 2025

% 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.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Eric Hiatt, CFA, FRM
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.

Read More

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. As a member of BlackRock Global Markets, he contributes to the development and implementation of investment strategy and serves as portfolio lead for the U.S. Prime funds, Collective Trust Funds and securities lending cash collateral.

 

Prior to joining BlackRock in 2012, Mr. Hiatt was a Senior Portfolio Manager at Dwight Asset Management Company where he was responsible for generating and directing tactical trading for the money market and ultra-short duration desk. Prior to joining Dwight in 2009, Mr. Hiatt was a Senior Portfolio Manager at Lehman Brothers Asset Management where he spent six years assisting in the development of portfolio strategy and implementation of investment objectives for global cash management team. Previously, he spent five years as a trader and assistant portfolio manager for Opus Investment Management. Mr. Hiatt began his career as an analyst in the Treasury group for Eastern Enterprises, a utility holding company, in 1997.

 

Mr. Hiatt earned a BS in finance from Bentley University in 1997 and an MBA from Boston College's Carroll School of Management in 2006.  He is a member of the CFA Institute and the Global Association of Risk Professionals.

Murdoch Johnson
Murdoch Johnson
Director, Portfolio Manager

Murdoch M. Johnson IV, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

Read More

Murdoch M. Johnson IV, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets. His primary responsibility is managing U.S. liquidity portfolios.

 

Mr. Johnson’s service with the firm dates back to 2006, including his years with BofA Global Capital Management, which merged with BlackRock in 2016. At BofA GCM, Murdoch was Senior Trader where he spent seven years trading for Liquidity Portfolios which includes U.S. Money Market Funds, separately managed accounts, offshore Dollar and Euro funds. Previously, he spent three years trading for Columbia Management on their Core Fixed Income team trading taxable securities.

 

Mr. Johnson earned a B.S. in Mathematics from Framingham State College in 2003.

Literature

Literature

 

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READY TO INVEST?

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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