# Money Market Funds Managed by BlackRock Make your money work even harder for you, in today’s high interest rate environment. Money Market Fund rates change daily. When you invest, your capital is at risk 3.69% AER Make your money work even harder for you, in today’s high interest rate environment. Managed by BlackRock, multi-currency, and instant withdrawals. ### Low risk Your money is segregated from Lightyear assets at all times. Available BlackRock funds are AAA rated and have a low risk level of 1 out of 7. ### Low pricing Lightyear's annual fees of 0.15%. We have Money Market Funds in Euros, Dollars and Pounds. ### High liquidity Due to their regulatory requirements, Money Market Funds are highly liquid. Withdrawals aim to be instant and arrive back into your Lightyear account. ## Managed by BlackRock Your money is held in BlackRock’s low-risk Money Market Funds. ### Held in AAA rated, low-risk funds Your money will be held in a low-risk, interest-paying fund that is managed by BlackRock. ### Managed by BlackRock BlackRock is the world’s largest asset manager, with over $10 trillion managed for people and businesses across the world. Investing in money market funds is an important part of our treasury management strategy, especially today, with interest rates at a high standstill. BlackRock funds through Lightyear are the best option in the market for this. At Ready Player Me we’re also using Lightyear to grow our money. There’s a few reasons for this choice: Lightyear offers highly liquid funds at a low cost, plus they’ve made opening and managing of business investment accounts easier than ever before. — Pavel Ruban, Head of Finance ## Transparent fees included To preserve your principal deposit, we deduct these fees from your interest payments. ## Managing risk with Money Market Funds The BlackRock funds we’ve chosen have a risk level of 1/7 and a AAA credit rating for good reasons. ### Credit and concentration risk The funds we offer have over 300 holdings. Money Market Fund regulations require that a single holding can’t account for more than 5% of all holdings — making Money Market Funds a very diversified asset class. ### Liquidity risk Under regulatory requirements, 10% of a Money Market Fund has to be invested in daily maturing assets. For the funds we offer, between 20-50% of assets mature daily, ensuring high liquidity and instant withdrawals for customers. ### Interest rate risk The longer the maturity of an instrument is, the more sensitive it is to interest rates changing. The average maturity for our GBP fund is 45 days, keeping your interest rate risk low. ## Protection and regulation Trusting us with your investments is something we don’t take for granted. ### Regulated and insured - Regulated by the FCA: We're authorised and regulated by the Financial Conduct Authority ([FRN 987226](https://register.fca.org.uk/s/firm?id=0014G000034WTPOQA4)). - FSCS protection: Lightyear is protected by the Financial Services Compensation Scheme (FSCS). FSCS deposit protection applies to client money only where held with UK banks, not where held in QMMFs. [Learn more here](/help/deposits-conversions-and-withdrawals/how-are-my-assets-protected). ### Safeguarding your assets - We safeguard your cash: Customer funds are held in a mix of Citibank and NatWest bank deposits and AAA-rated Qualifying Money Market Funds. Your money is always kept separate from ours. FSCS protection applies to client money only where held with banks, not where held in QMMFs. [Learn more here](/help/deposits-conversions-and-withdrawals/how-are-my-assets-protected). - Your assets are yours, no one else's: You are the beneficial owner of all your investments, and your assets are held in separate accounts. Your assets can't be touched by our creditors and in the unlikely event of Lightyear's insolvency, everything is returned to you. ## Questions a curious person might ask ### Are there fees? The rate shown (**3.69% AER**) is what you get after fees, compounded monthly over a year. Lightyear's annual fee is 0.10% for EUR and GBP funds, and 0.15% for USD. Fund manager fees apply. 3.88% - 0.25% fees = 3.63% (**3.69%** when compounded). ### What is a Money Market Fund? A Money Market Fund is a low-risk investment that aims to give you a slightly higher return than cash. Unlike most funds that invest in bonds or shares, it invests in short-term debt. This short-term debt is bought from by governments, banks and companies with strong balance sheets and high credit ratings. In exchange, they pay interest to the fund. Lightyear Savings allows you to invest in Money Market Funds. As with all investments, the value can go up as well as down. The yield generated by these funds changes daily and may also move in an unfavourable direction. The prospectuses and Key Information Documents of these funds are available in our app and website, and on BlackRock’s website. ### Who are BlackRock? BlackRock is the world’s largest asset manager, with over $10 trillion managed for people and businesses across the world. ### What countries are MMFs available in? Money market funds are available in Austria, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Latvia, Lithuania (EUR only), Luxembourg, Netherlands, Spain, Sweden, and the UK. They are not currently available in Belgium, Bulgaria, Croatia, Cyprus, Greece, Ireland, Malta, Portugal, Slovakia and Slovenia. ### How are BlackRock Money Market Funds high interest? Money Market Funds offer a high interest rate, making them a very competitive money market fund product available on the UK market. Find out more [here](/help/trading-and-investments/vaults-money-market-fund-mmf) --- Canonical: https://lightyear.com/en-gb/money-market-funds/usd