BSPXX — BlackRock Cash Funds: Treasury

BSPXX Fund Overview

BSPXX — BlackRock Cash Funds: Treasury is a US mutual fund managed by BlackRock Funds III, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: BlackRock Funds III
• Category: Money Market
• Ticker: BSPXX
• SEC CIK: 0000893818
• SEC series ID: S000004273
• Share class ID: C000011981

BSPXX Investment Objective and Strategy

BlackRock Cash Funds: Treasury describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Funds III.

Investment objective

The investment objective for BlackRock Cash Funds: Treasury (the Fund), a series of BlackRock Funds III (the Trust), is to seek current income as is consistent with liquidity and stability of principal.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing at least 99.5% of its total assets in cash, U.S. Treasury bills, notes and other direct obligations of the U.S. Treasury, and repurchase agreements secured by such obligations or cash. The Fund 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. In addition, the Fund may invest in variable and floating rate instruments and transact in securities on a when-issued, delayed delivery or forward commitment basis. The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. Treasury bills, notes and other obligations of the U.S.

Treasury, and repurchase agreements secured by such obligations. This policy is a non-fundamental policy of the Fund and the Fund will not change the policy without providing shareholders with at least 60 days prior notice of any change in the policy. U.S. Treasury obligations are backed by the full faith and credit of the U.S. Government. The principal and interest of all securities held by the Fund are payable in U.S. dollars. The securities purchased by the Fund are subject to the quality, diversification, and other requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended (the 1940 Act), and other rules of the Securities and Exchange Commission. The Fund is a feeder fund that invests all of its investable assets in Treasury Master Portfolio of MIP, which has the same investment objective and strategies as the Fund.

All investments are made at the Treasury Master Portfolio level. This structure is sometimes called a master/feeder structure. The Funds investment results will correspond directly to the investment results of Treasury Master Portfolio. For simplicity, the prospectus uses the name of the Fund or the term Fund (as applicable) to include Treasury Master Portfolio.

BSPXX Holdings

Top 1 holdings of BlackRock Cash Funds: Treasury by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all BSPXX holdings

BSPXX Costs and Fees

BSPXX costs about $17 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.17%
• Gross expense ratio: 0.20%

BSPXX Debt Constituents

No individual debt constituents are reported in BlackRock Cash Funds: Treasury's latest SEC N-PORT filing.

BSPXX Prospectus and SEC Filings

Official BlackRock Cash Funds: Treasury filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-27
• Prospectus (485BPOS) — filed 2025-04-25
• Prospectus (485BPOS) — filed 2024-04-24
• Annual census (N-CEN) — filed 2026-03-16
• Annual census (N-CEN) — filed 2025-03-17
• Annual census (N-CEN) — filed 2024-03-14

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.