* Source: BlackRock and Morningstar. As of 12/31/2016. Rankings based on 5 year performance of BlackRock's active mutual funds only. Over the 1, 3, 5 and 10 year periods, 7, 16, 14 and 11 of BlackRock fixed income funds are in the first quartile of their respective Morningstar categories. Based on institutional share classes of BlackRock open-end taxable and tax-free fixed income funds (based on 23 funds). 88% statistic based on $75.5B out of $86.1B AUM of all share classes of the funds.
† As of 12/31/16. Source: Morningstar. Analysis based only on institutional shares of BlackRock active fixed income funds vs. institutional shares of active fixed income funds within their respective Morningstar categories. Expenses are based on the funds’ most recent prospectus net expense ratios, excluding investment dividend expense, interest expense, and certain other fund expenses. Morningstar category net expense ratio also excludes these expenses. Includes active open-end taxable and tax-free fixed income mutual funds only, and excludes index funds. 95% of BlackRock active fixed income funds are in the lowest fee quartile (22 out of 23 funds). Based on 23 BlackRock active taxable and tax-free funds. 95% statistic based on $81.4B out of $86.1B AUM of all share classes of the funds. Institutional shares may not be available to all retail investors. Performance for different share classes may vary. ‡ BlackRock manages $1.57 trillion in fixed income assets as of 12/31/16.