All BlackRock MMFs are AAAmmf rated by S&P, Moody’s and Fitch, and have to invest in securities with a minimum credit rating of A-1/P-1/F1.

All BlackRock funds are managed with objectives of capital preservation and liquidity first and foremost, with a tertiary objective of yield. The BlackRock Cash Management credit process follows a three-pronged approach with oversight from the Portfolio Managers, the Risk and Quantitative Analysis team and team of dedicated Credit Analysts.

At BlackRock a team of around 40 credit analysts (2 dedicated cash credit analysts) constantly monitor underlying fund securities, alongside the regulatory requirements. Each Fund manager is constantly monitoring and positioning Fund to uphold primary objectives as market moves.

Portfolios are stress-tested on a day-to-day basis by BlackRock Risk and Quantitative Analysts. There are more than 190 shock scenario runs for each portfolio daily

All funds sit under a segregated Institutional Cash plc holding, with all assets ring-fenced and held by J.P. Morgan SE Dublin which acts as Fund Depositary, Custodian, Transfer Agent.

See more information in our General Risk Disclosure here.