Overview
BlackRock's actively managed cash-plus fund — short investment-grade corporates, CDs and commercial paper with duration under a year.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| CORP | Short IG corporate bonds | ~45% |
| CP | Commercial paper | ~20% |
| CD | Certificates of deposit | ~14% |
| FRN | Floating-rate notes | ~12% |
| UST | Treasuries & agencies | ~5% |
| ABS | Asset-backed securities | ~3% |
| CASH | Cash & equivalents | ~1% |
Fund Details
Investment Thesis
ICSH is the cheapest of the big active cash-plus funds — 0.08% against MINT's 0.36% and PULS's 0.15% — with BlackRock's short-duration desk squeezing corporate paper for yield a money market can't reach. A decade of steady NAV and monthly income built its $9B; in this category, fee is destiny, and ICSH has the lowest.
Who It's For
Cash parked for months that should out-earn a sweep account without price drama. The fee-optimised pick among the active ultra-short trio.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $47.68 | -- |
| 2017 | $47.96 | +0.6% |
| 2018 | $48.20 | +0.5% |
| 2019 | $49.07 | +1.8% |
| 2020 | $49.46 | +0.8% |
| 2021 | $49.41 | -0.1% |
| 2022 | $49.02 | -0.8% |
| 2023 | $50.00 | +2.0% |
| 2024 | $50.45 | +0.9% |
| 2025 | $50.70 | +0.5% |
| Year | Yield |
|---|---|
| 2016 | 1.10% |
| 2017 | 1.50% |
| 2018 | 2.30% |
| 2019 | 2.60% |
| 2020 | 1.30% |
| 2021 | 0.40% |
| 2022 | 2.10% |
| 2023 | 4.90% |
| 2024 | 5.00% |
| 2025 | 4.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.3B | -- |
| 2017 | $1B | +233.3% |
| 2018 | $2.5B | +150.0% |
| 2019 | $4B | +60.0% |
| 2020 | $5B | +25.0% |
| 2021 | $6B | +20.0% |
| 2022 | $6B | +0.0% |
| 2023 | $6.5B | +8.3% |
| 2024 | $7.5B | +15.4% |
| 2025 | $8.5B | +13.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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