Money Market-Taxable

Summary

The investment seeks current income as is consistent with liquidity and stability of principal.
Fund Assets (millions) $197,485.9
Fund Inception Feb 29, 1980
Gross Expense Ratio 0.18%
Fund Family BlackRock
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
0.0
Non-U.S. Stocks 0.0
0.0
U.S. Bonds 0.0
35.4
Non-U.S. Bonds 0.0
0.2
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.0
Cash 0.1
64.5
As of 10/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through November 30, 2025
TFDXX
USTREAS T-Bill Auction Ave 3 Mon

Investment Strategy

The fund invests at least 99.5% of its total assets in cash, U.S. Treasury bills, notes and other obligations issued or guaranteed as to principal and interest by the U.S. government, its agencies or instrumentalities, and repurchase agreements secured by such obligations or cash. It invests in securities maturing in 397 days or less (with certain exceptions) and the portfolio will have a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.

Fund Facts

Fund Inception Feb 29, 1980
Fund Assets (Millions) $197,485.9
Dividend Distribution Frequency Monthly
Minimum Investment $3,000,000
Capital Gains Distribution Frequency Annually
Turnover 5%
Fiscal Year-End Oct
Prospectus Date Oct 14, 2025

Returns

Month-End Returns as of 11/30/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
TFDXX
USTREAS T-Bill Auction Ave 3 Mon
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Yield

12-Month Distribution Rates (NAV)
4.18%
Annualized 7-Day SEC Yield (Gross | Net) 3.70% | 3.88%
As of 11/30/2025

Holdings

Money Market Breakdown

Cash & Equivalents Detail

 Government 50.7%
Cash & Equivalents 49.4%
Corporate 0.0%
Derivative 0.0%
Municipal 0.0%
Securitized 0.0%

Percentage of net assets as of 10/31/2025

Top 10 Holdings

TRI-PARTY FICC GS
5.2%
CASH
3.8%
TRI-PARTY FICC HSBC
2.8%
TRI-PARTY FICC BNP
2.4%
TRI-PARTY JP MORGAN SECURITIES LLC
2.1%
United States Treasury Bills
2.0%
TRI-PARTY FICC - THE BANK OF NEW Y
2.0%
United States Treasury Bills
1.9%
Treasury Bill
1.7%
United States Treasury Notes
1.7%

Percentage of net assets as of 10/31/2025

Fees & Expenses

Fees

Annual Management Fees 0.18%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
TFDXX 0.18%
Morningstar Category: Money Market-Taxable 0.87%
Fund as of most recent prospectus. Morningstar Category as of 11/30/25.