MSAXX BlackRock Financial Institutions Series Trust Summit Cash Reserves Fund Investor A Shares

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NAV
$1.00
Data as of close on 09/11/2015
Gross Expense Ratio
0.59 %
Net Expense Ratio
0.42 %
Data as of close on 09/11/2015
SEC 7 Day Yield
0.00 %

Hypothetical Growth of $10,000

Fund
MSAXX
$0
Category
Prime Money Market
--

This chart shows the performance of a hypothetical $10,000 from the beginning date shown or on the inception date of the product (whichever is later), and does not indicate the future performance of the Fund.

Key Statistics

Investment Objective
The investment seeks current income, preservation of capital and liquidity available from investing in a diversified portfolio of short-term money market securities. The fund 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. It 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.
Fund Details
Total Net Assets
650.04M
Number of Holdings
--
Turnover (%)
0.00 %
P/E Ratio
--
P/B Ratio
--

Fund Overview

Fund overview
Sponsor BlackRock
CUSIP 09253V106
Name BlackRock Financial Institutions Series Trust Summit Cash Reserves Fund Investor A Shares
Symbol MSAXX
Category Prime Money Market
Benchmark USTREAS T-Bill Auction Ave 3 Mon
Inception Date 12/17/1982
Fund Manager
Management Team
Since 10/09/1998

Distributions

Distributions
Total Distribution --
Distribution Yield (TTM) 4.87 %
Distribution NAV $0.00
Dividend Frequency Monthly

Availability

Availability
Available on WellsTrade Yes
Open to New Investors Yes

Fees & Expenses

Fees & Expenses
Management Fee 0.50 %
Admin Fee --
Load ​​​​​​​ No

Risk Profile

Risk Profile
Alpha --
Beta --
R-Squared --
Standard Deviation - Annualized --

Period
Fund
MSAXX
Category
World Allocation
1M +0.42 % --
3M +1.24 % --
1 Year (Annualized) +4.98 % --
3 Year (Annualized) +2.41 % --
5 Year (Annualized) +1.77 % --
10 Year (Annualized) +1.03 % --
Since Inception (12/17/1982) +3.38 % --

Period
Fund
MSAXX
Category
World Allocation
1M +0.42 % --
3M +1.24 % --
1 Year (Annualized) +4.98 % --
3 Year (Annualized) +2.41 % --
5 Year (Annualized) +1.77 % --
10 Year (Annualized) +1.03 % --
Since Inception (12/17/1982) +3.38 % --

Morningstar Ratings

Overall Rating
186 Funds
Not Rated
3-Year Rating
186 Funds
Not Rated
5-Year Rating
174 Funds
Not Rated
10-Year Rating
138 Funds
Not Rated
Investment Style
--

Holdings

Asset Allocation

Asset Type Weightings
US Equity 0.00 %
Non-US Equity 0.00 %
US Bonds 33.32 %
Non-US Bonds 0.00 %
Cash 66.68 %
Other 0.00 %

Top 10 Holdings

Top 10 Holdings
Company Holdings
TRI-PARTY MIZUHO SECURITIES USA LL 10.80 %
TRI-PARTY BNP PARIBAS 10.39 %
TRI-PARTY J.P. MORGAN SECURITIES L 9.45 %
TRI-PARTY TD SECURITIES (USA) LLC 9.45 %
TRI-PARTY BOFA SECURITIES INC. 4.72 %
United States Treasury Notes 2.71 %
United States Treasury Bills 2.54 %
United States Treasury Bills 2.18 %
Federal Home Loan Banks 1.97 %
Total holdings in top 10 54.21 %

Geographic Exposure

Geographic Exposure World Map
Region Holdings
Africa --
Asia --
Australasia --
Canada --
Europe Emerging --
ExEuro and EuroZone --
Japan --
Latin America --
Middle East --
United Kingdom --
United States --

You could lose money by investing in a Money Market Fund. Although these funds seek to preserve the value of your investment at $1.00 per share, this cannot be guaranteed. Money Market Funds may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in a Money Market Fund is not a deposit of the bank and 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.

Mutual funds are sold by prospectus. A prospectus containing more information, including investment objectives, risks, charges, and expenses for any mutual fund can be obtained by contacting your investment professional or the mutual fund company. The prospectus contains this and other information about the fund. Please read and consider the information carefully before investing.

All mutual funds are subject to market risk. Please see the prospectus for the specific risks associated with an investment in the fund.

Performance data quoted represents past performance. Past performance is no indication of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted, as market volatility may affect short-term performance. Click on the Returns tab on the Profile page to view the most recent month-end returns.

*Performance for certain funds prior to inception date may reflect that of a predecessor/successor share class adjusted to reflect fees and expenses (if applicable) for the share class shown ("Extended Performance"). Extended Performance "extends" the performance history of the newer share class based on the related older share class or predecessor/successor fund. Actual share class performance is utilized for the since inception period. Other time periods not indicated by an asterisk (*) reflect actual share class performance. Extended Performance is not an indication of how the fund will perform in the future. Please see the prospectus for further information.

Total returns for periods of less than one year are not annualized. Average annual total returns for periods of greater than one year are annualized and reflect the reinvestment of all distributions.

The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown Returns assume the reinvestment of dividends and other distributions.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10- year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Because certain share classes are sold without a front-end sales charge or a contingent deferred sales charge, such charges are not applied to their Average Annual Total Returns.
Portfolio holdings are subject to change daily without notice. The information is as of the date noted above, and will vary over time.

Brokerage products and services including WellsTrade® are offered through Wells Fargo Advisors.

Compensation to Wells Fargo Advisors.

Wells Fargo Advisors receives compensation from mutual fund complexes on all no transaction fee funds and some transaction fee funds. Wells Fargo Advisors receives: a) Trails or trailing commissions. The firm may receive ongoing payments in the form of 12b-1 fees ("trails") for marketing and distribution services, which are outlined in the fund prospectus. b) Networking / Omnibus fees. Fees designed to compensate Wells Fargo Advisors for providing varying degrees of customer account and administrative services for those Wells Fargo Advisors client accounts holding mutual funds. The following are examples of networking and omnibus platform services: the processing of purchases, redemptions and exchanges, check processing, dividend reinvestments, preparation and mailing of consolidated account statements, delivery of fund proxies and shareholder materials, tax reporting, maintaining ownership records, and other sub accounting and record-keeping services; and/or c) Revenue Sharing fees. Fees paid to Wells Fargo Advisors for providing continuing due diligence, training, operations and systems support and marketing with respect to mutual fund companies and their funds. Revenue sharing fees are usually paid by the fund's distributor, investment advisor, or an affiliate of the fund, as a percentage of Wells Fargo Advisors' aggregate value of client assets invested in the funds.

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