TFDXX — FedFund
Data updated: 2026-02-25
TFDXX — FedFund. Money Market · 0.17% expense ratio. Holdings, fees, performance and SEC filings.
TFDXX Fund Overview
TFDXX — FedFund is a US mutual fund managed by Blackrock Liquidity Funds, 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 Liquidity Funds
- Category: Money Market
- Ticker: TFDXX
- SEC CIK: 0000097098
- SEC series ID: S000001475
- Share class ID: C000003928
TFDXX Investment Objective and Strategy
FedFund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Liquidity Funds.
Investment objective
The investment objective of FedFund (the “Fund”), a series of BlackRock Liquidity Funds (the “Trust”), is to seek current income as is consistent with liquidity and stability of principal.
Principal investment strategy
FedFund 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. The yield of the Fund is not directly tied to the federal funds rate. 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. 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 issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, 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. 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 will only purchase securities that present minimal credit risk as determined by BlackRock, the Funds investment manager, pursuant to guidelines approved by the Trusts Board of Trustees.
TFDXX Holdings
Top 10 holdings of FedFund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Treasury Bills | 2.96% |
| U.S. Treasury Bills | 1.98% |
| U.S. Treasury Bills | 1.76% |
| U.S. Treasury Notes | 1.57% |
| JP Morgan Securities LLC | 1.52% |
| U.S. Treasury Bills | 1.44% |
| Fixed Income Clearing Corporation - BNY | 1.39% |
| Deutsche Bank AG | 1.39% |
| U.S. Treasury Bills | 1.30% |
| Royal Bank of Canada | 1.21% |
TFDXX Costs and Fees
TFDXX costs about $17 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.17%
- Gross expense ratio: 0.18%
TFDXX Debt Constituents
No individual debt constituents are reported in FedFund's latest SEC N-PORT filing.
TFDXX Prospectus and SEC Filings
Official FedFund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
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.