1 Morningstar, as of 12/31/15. Comparison is between the average Prospectus Net Expense Ratio for the iShares Core Series ETFs (0.11%) and the average Prospectus Net Expense Ratio of active open-end mutual funds (1.24%) available in the U.S. (excluding municipal bond and money market funds) on 12/31/2015.
2 Source: Morningstar as of 12/31/15. Based on Prospectus Net Expense Ratio and 1-year Tax Cost Ratio. US MFs universe covers all active open-end mutual funds (excluding municipal bond and money market funds) with inception dates on or before 12/31/2005. The average tax costs of the iShares ETFs and active open-end mutual funds included in the comparison are 0.81% and 1.72% respectively.
3 Based on a $1,700 10-game season pass; tuition and fees of $11,300 for 1 semester; a $218k 2-bed, 2-bath condo.
4 Fund seeks to track S&P Total Market Index.
5 iShares Index Funds seek to track the investment results of their underlying benchmark, less fees and expenses. Tracking error is a measure of how closely a Fund follows the index to which it is benchmarked. Over a three year period, as of 12/31/2015, 68% of global iShares Funds were within 25 bps and 83% were within 50 bps of their benchmarks, based on the Net Asset Value of the Funds. Past performance is no guarantee of future results.
6 Morningstar, as 12/31/2015. Post-tax comparison made between the returns at NAV of iShares S&P large cap blend, mid cap blend and small cap blend funds and all share classes of all active Open-End Mutual Funds within the Morningstar US categories available in the US between 1/1/2011 and 12/31/2015 ("Active Style Box Funds"). Returns are calculated after taxes on distributions, including capital gains and dividends, assuming the highest federal tax rate for each type of distribution in effect at the time of the distribution. Overall figure is a weighted average of the percentage of funds that the iShares ETF outperformed in each style box, weighted based on Active Style Box assets in each style box. Performance may be different for other time periods. Past performance is no guarantee of future results. For more information on the differences between iShares ETFs and mutual funds, click here.