BlackRock Cash Class D Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 0.2% | -0.1% | 0.9% | 4.4% | 5.2% |
| Sector | 0.2% | -0.1% | 0.8% | 4.0% | 4.8% |
| Rank | 8/9 | 6/9 | 6/9 | 7/9 | 5/9 |
| Quartile | 4 | 3 | 3 | 3 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.5% | 2.1% | 1.2% | |
| Sector | 3.2% | 1.9% | 1.1% | |
| Rank | 6/9 | 7/9 | 6/7 | |
| Quartile | 3 | 3 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| KBC BANK (LONDON BRANCH) GB | 6.71 |
| MUFG BANK LTD (LONDON BRANCH) GB | 6.17 |
| COOPERATIEVE RABOBANK UA GB | 5.60 |
| NATIONWIDE BUILDING SOCIETY | 4.81 |
| PSP CAPITAL INC | 4.11 |
| Cash | 3.33 |
| BNP PARIBAS (LONDON BRANCH) GB | 3.07 |
| TORONTO-DOMINION BANK (LONDON BRAN | 2.26 |
| NEDERLANDSE WATERSCHAPSBANK NV | 2.08 |
| EUROCLEAR BANK SA | 1.76 |
| Total | 39.89 |
Fund Aims
The aim of the BlackRock Cash Fund is to achieve a competitive rate of interest for unitholders, consistent with preservation of principal (capital) and liquidity, principally from a portfolio of cash, deposits, and money-market instruments. These types of investments may be issued by both UK and non-UK issuers, but shall be denominated in Sterling. The Fund will be actively managed. The Fund is not recommended for investors seeking long-term capital growth. The BlackRock Cash Fund is a “Short Term Money-Market Fund” in accordance with the COLL Sourcebook and the European Securities and Markets Authority’s (“ESMA”) “Guidelines on a common definition of European money market funds”. The investment objective of the BlackRock Cash Fund is intended to comply with this classification.
Fund Manager
Matt Clay, Director, is the Head of the London Cash Portfolio Management Team within the International Cash business in BlackRock's Trading and Liquidity Strategies Group.
As one of the world's largest Money Market Fund providers, the global BlackRock Cash Management Group manages liquidity assets across multiple currencies for corporations, banks, foundations, insurance companies hedge funds as well as asset and wealth managers.
The International Portfolio Management Team is responsible for the management of short-term investment solutions, through pooled funds and separately managed accounts, across a variety of mandates and currencies.
Mr. Clay's service with the firm dates back to 2009, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was responsible for portfolio management and trading in BGI's European Cash Management Group. Prior to joining BGI, Mr. Clay was the lead portfolio manager at Lehman Brothers Asset Management, Europe, responsible for the International Liquidity Funds. He began his career at Northern Trust in 1997, initially within the Securities lending operation and then as a portfolio manager for the Liquidity products within the Investment Management Division.
Fund Overview
| Bid (20/12/2024) | 100.77p |
| Offer (20/12/2024) | 100.77p |
| Distribution yield | 1.17% |
| Underlying yield | - |
| Fund size (31/10/2024) | £962.69m |
| Number of holdings | 374 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.24% |
| Launch date | 10/06/2011 |
Asset Allocation
| Cash and Equivalents | 25.20% | |
| International Bonds | 20.37% | |
| UK Corporate Bonds | 5.42% | |
| Money Market | 1.24% | |
| Other Assets | 47.77% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Cash and Equivalents | 25.20% | |
| International Bonds | 20.37% | |
| UK Corporate Bonds | 5.42% | |
| Money Market | 1.24% | |
| Other Assets | 47.77% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 47.77% | - | - | - | |
| Cash and Equivalents | 26.44% | - | - | - | |
| Bonds | 25.79% | - | - | - | |
Regional Allocation
| Non-Classified | 48.64% | |
| Cash and Equivalents | 26.44% | |
| North America | 6.70% | |
| UK | 5.42% | |
| Japan | 5.33% | |
| Australia & New Zealand | 4.61% | |
| Developed Europe - Excl UK | 2.82% | |
| Developed Asia | 0.04% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 70.88% | |
| Pound Sterling | 25.79% | |
| Cash | 3.33% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 48.64% | - | |
| Cash and Equivalents | 26.44% | - | |
| North America | 6.70% | - | |
Canada
|
- | 6.70% | |
| UK | 5.42% | - | |
United Kingdom
|
- | 5.42% | |
| Japan | 5.33% | - | |
Japan
|
- | 5.33% | |
| Australia & New Zealand | 4.61% | - | |
Australia
|
- | 4.61% | |
| Developed Europe - Excl UK | 2.82% | - | |
France
|
- | 2.57% | |
Finland
|
- | 0.22% | |
Switzerland
|
- | 0.03% | |
Netherlands
|
- | 0.01% | |
| Developed Asia | 0.04% | - | |
Singapore
|
- | 0.04% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
25.79% |
| Cash And Equivalents |
|
26.44% |
| Unknown Maturity |
|
47.77% |
Fixed Interest Quality Profile
| AA |
|
6.25% |
| Unknown Quality |
|
19.54% |
| Cash and Equivalents |
|
26.44% |
| Other Asset Types |
|
47.77% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | KBC BANK (LONDON BRANCH) GB | 6.71% | Cash and Equivalents | Cash and Equivalents |
| 2 | MUFG BANK LTD (LONDON BRANCH) GB | 6.17% | Cash and Equivalents | Cash and Equivalents |
| 3 | COOPERATIEVE RABOBANK UA GB | 5.60% | Cash and Equivalents | Cash and Equivalents |
| 4 | NATIONWIDE BUILDING SOCIETY | 4.81% | Bonds | United Kingdom |
| 5 | PSP CAPITAL INC | 4.11% | Non-Classified | Non-Classified |
| 6 | Cash | 3.33% | Cash and Equivalents | Cash and Equivalents |
| 7 | BNP PARIBAS (LONDON BRANCH) GB | 3.07% | Cash and Equivalents | Cash and Equivalents |
| 8 | TORONTO-DOMINION BANK (LONDON BRAN | 2.26% | Bonds | Canada |
| 9 | NEDERLANDSE WATERSCHAPSBANK NV | 2.08% | Non-Classified | Non-Classified |
| 10 | EUROCLEAR BANK SA | 1.76% | Non-Classified | Non-Classified |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B42XLZ6 |
| Mex Code | MYLACK |
| Isin Code | GB00B42XLZ68 |
| Citi Code | 00P9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.24% |
Aims and Benchmark
| Aims | The aim of the BlackRock Cash Fund is to achieve a competitive rate of interest for unitholders, consistent with preservation of principal (capital) and liquidity, principally from a portfolio of cash, deposits, and money-market instruments. These types of investments may be issued by both UK and non-UK issuers, but shall be denominated in Sterling. The Fund will be actively managed. The Fund is not recommended for investors seeking long-term capital growth. The BlackRock Cash Fund is a “Short Term Money-Market Fund” in accordance with the COLL Sourcebook and the European Securities and Markets Authority’s (“ESMA”) “Guidelines on a common definition of European money market funds”. The investment objective of the BlackRock Cash Fund is intended to comply with this classification. |
| Benchmark | SONIA Overnight |
| Benchmark Category | - |
| IA Sector | Short Term Money Market |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | The Bank of New York Mellon SA/NV |
Group Details
| Group name | BlackRock Investment Management (UK) Limited |
| Group address | 12 Throgmorton Avenue London EC2N 2DL |
| Group telephone | 08457 405 405 |
| Dealing telephone | 0800 445522 |
| broker.services@blackrock.com | |
| Homepage | www.blackrock.co.uk |
| Fax number | 020 7743 1135 |
Dealing
| Minimum Investment | £100000 |
| Minimum Top Up | £100 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 2 days |
| Settlement Period: Sell | 2 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.02 |
| Beta | 0.99 |
| Sharpe | 0.00 |
| Standard Deviation | 0.57 |
| Info Ratio | 0.12 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.