Try a different investment amount:

iShares Funds can help you keep more of what you earn.

Enter an investment amount:

Over 10 years, you could keep an additional *

Typical
Mutual Funds

$173K

VS

iShares Funds

$173K

*Assuming a potential 8% annual return over 10 years

ETFs can help save you money
on fees and taxes.

iShares funds cost about 1/3 as much as the typical mutual fund1 and, on average,
the tax costs are half the rate.2 Read more >

YOU KEEP:

TYPICAL MUTUAL FUNDS
TAXES + FEES:

YOU KEEP:

iSHARES
ETFs
TAXES + FEES:

95% of our funds did not distribute
capital gains in 2014.*

The impact of expenses on your fund’s performance magnifies over time due to compounding, making low fees especially important for long-term investments.

Why lower taxes? iShares ETFs have dedicated structures combined with manager expertise that can help reduce capital gains distributions.

< Read less

95% of our funds did not
distribute
capital
gains in 2014.*

ETFs Mutual Funds

Investors buy and sell ETF shares with other investors on an exchange. As a result, the ETF manager doesn’t have to sell holdings — potentially triggering capital gains — to meet investor redemptions.

Of course, ETF shareholders can incur tax consequences when they sell shares on the exchange, but that tax consequence is not passed on to other ETF shareholders.

Shareholders redeem shares directly from the fund. The fund manager must sell fund securities to honor redemptions, potentially triggering capital gains that affect all of the shareholders in the fund.

Mutual Funds

Shareholders redeem shares directly from the fund. The fund manager must sell fund securities to honor redemptions, potentially triggering capital gains that affect all of the shareholders in the fund.

*Past distributions are not indicative of future distributions.

iShares funds can help you reach your investment goals.

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1Morningstar, as of 6/30/14. Comparison is between the average Prospectus Net Expense Ratio for the oldest share class of iShares ETFs (0.37%) and active Open-End Mutual Funds (1.12%) that are available in the U.S. and have 10 year track records (excluding municipal bond and money market funds).

2Source: Morningstar, as of 6/30/14. “Tax cost" is a Morningstar measure of the impact of taxes on capital gains and income distributions on performance. The average tax cost of the iShares ETFs and active Open-End Mutual Funds included in the comparison = 0.53% and 1.05%, respectively.

Assumptions for the savings comparison: The savings example assumes the initial investment entered by the user and an annual growth rate of 8%. Cost comparison includes fund expenses and tax costs. Fund expense comparison is between the Morningstar stated average Prospectus Net Expense Ratio for iShares ETFs (0.37%) and active Open-end Mutual Funds (1.12%). "Tax cost" is a Morningstar measure of the impact on performance attributable to capital gains and income distributions. The tax cost is between the Morningstar stated average for iShares ETFs (0.53%) and active Open-end Mutual Funds (1.05%). The mutual fund universe comprises the oldest share class of active funds that are available in the U.S. and have 10-year records (excluding municipal bond and money market funds). All Morningstar data is as of 6/30/14.

For more information on the differences between ETFs and mutual funds, click here.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

iShares Funds are obliged to distribute portfolio gains to shareholders by year-end. These gains may be generated due to index rebalancing or to meet diversification requirements. Trading shares of the iShares Funds will also generate tax consequences and transaction expenses.

Investment comparisons are for illustrative purposes only. To better understand the similarities and differences between investments, including investment objectives, risks, fees and expenses, it is important to read the products' prospectuses.

The information provided is not intended to be tax advice.  Investors should be urged to consult their tax professionals or financial advisors for more information regarding their specific tax situations.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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