People. Progress. Possibilities.
BlackRock Liquid Federal Trust Fund (BLFT)
BlackRock’s commitment to living our purpose is evident in all we do.
I’m Eion D’Anjou and I am proud to be a portfolio manager for the BlackRock Liquid Federal Trust Fund, or BLFT. BLFT is a U.S. registered government money market fund that offers a constant net asset value, access to daily liquidity and pursuit of preservation of capital and yield – characteristics that have attracted more than $4 trillion1 dollars to the U.S. government money market fund category.
In our view, BLFT isn’t your typical government money market fund. We designed BLFT to be a vehicle for positive social impact as well. In pursuit of this lofty goal, we have partnered with the Thurgood Marshall College Fund, the nation’s largest organization exclusively representing the black college community. By contributing a portion of the revenue BlackRock receives from the net management fees of BLFT to the TMCF, we believe we can help accelerate efforts to remove financial barriers, amplify the ambitions of students attending Historically Black Colleges and Universities, and create a more equitable world.
To support a more diverse trading ecosystem, this fund will seek to place a majority of the aggregate dollar volume of purchase orders towards broker dealers that are minority, female or veteran owned.
Cash is a scale business, and with every new dollar invested in BLFT, we believe we are doing more to create a better future.
Together we lift.
1As of August 3, 2022. Source: Investment Company Institute.
This material is intended for information purposes only, and does not constitute investment advice. A recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of August 2022 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risk.
In the U.S. this material is intended for public distribution.
You should consider the investment objectives, risks and expenses of the Fund carefully before investing. The Fund’s prospectus and, if available summary prospectus, contain this and other information about the Fund 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.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Prepared by BlackRock Investments, LLC, member FINRA.
©2022 BlackRock, Inc. All rights reserved. BLACKROCK, is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
BlackRock Liquid Federal Trust Fund
Helping create positive social outcomes through cash investing.
A path to positive social outcomes
BlackRock Liquid Federal Trust Fund allows investors to enjoy the familiarity of a government money market fund while seeking to do more with their cash.
The Fund seeks to place a majority of the aggregate dollar volume of the Fund’s purchases with dealers that are owned by minorities, women, disabled persons, veterans, and members of other qualified and recognized diversity and inclusion groups.
In partnership with the Thurgood Marshall College Fund (TMCF), BlackRock seeks to empower people, be a catalyst for meaningful progress, and ignite new possibilities.
Together, we lift.
If you are interested in helping create more positive social outcomes with your cash, BLFT may be your opportunity. Please contact us to learn more.
Learn more about the features of the fund
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Diverse dealer breakdown
To support a diverse trading ecosystem, BLFT seeks to place a majority of the aggregate dollar volume purchase orders with dealers that are owned by qualified and recognized diversity inclusion groups, serving as a vehicle to support communities such as minorities, women, disabled persons and veterans.
As of December 31, 2023, BLFT has placed 65.9% of purchase orders with these dealers 1.
Supporting Thurgood Marshall College Fund's (TMCF) mission
Thurgood Marshall College Fund
BlackRock is pleased to contribute 5% of the net revenue of BLFT’s management fee to TMCF annually. TMCF is the nation's largest organization exclusively representing the Black College Community.
Established in 1987, TMCF works to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development. To date, the organization has awarded more than $500 million in assistance to students, Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs).
Based on its revenue from its management fee from BlackRock Liquid Federal Trust Fund for the fiscal year ending October 31, 2023, BlackRock made a contribution of $380,000 to the Thurgood Marshall College Fund. This brings BlackRock's total contributions since 2021 to the TMCF to $920,000.
BlackRock's contribution will fund scholarships that provide critical support to youth attending Historically Black Colleges and Universities (HBCUs).
80-90% of TMCF scholars graduate college
compared to a 40% graduation rate for Black/African American students overall and a 37% graduation rate for students attending HBCUs.2