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% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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