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Tax Evaluator
With potential policy changes on the horizon, plan ahead for tax-impact to help your clients keep more of what they earn. BlackRock’s Tax Evaluator tracks capital gain estimates for 7,000+ funds to help you stay in control of your client’s tax liability.
How much are taxes impacting your portfolios?
Everyone focuses on expense ratios, but do you focus enough on tax cost? The long-term annual average tax cost for U.S. Large Cap mutual funds is 1.79%.¹ Assuming an initial investment of $1,000,000 at an 12% return rate over 10 years, that creates a $462K negative tax impact.
Watch to learn how BlackRock’s Tax Evaluator works
4 ways financial professionals are using Tax Evaluator
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Minimize tax impacts for your clients
BlackRock’s Tax Evaluator aggregates and analyzes the tax impact of capital gain estimates for 7,000+ funds, saving you the time and hassle of hunting down this important information.
Find a tax-efficient ETF alternative
iShares ETFs can offer competitive performance and tax efficiency at a low cost. Use Tax Evaluator to identify under performing mutual funds and ETF alternatives to consider.
Help unlock tax loss harvesting opportunities
BlackRock’s Tax Evaluator shows you price return data for the funds in your portfolios to help you identify potential opportunities where you may be able to tax loss harvest.
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- Tax loss harvesting is a strategy of taking investment losses to minimize current tax liabilities. Investors can utilize up to $3,000 of losses in excess of gains to offset taxable income. Net losses in excess of $3,000 can be carried forward indefinitely to minimize taxes in future years.
- You can use price returns to identify which of your funds you may be able to tax loss harvest. Price returns show you the return on a fund less any prior dividends or capital gains distributions. Prior distributions are typically taxed when distributed to you, so the price return indicates the current tax liability for the fund.
- Funds with negative price returns are potential opportunities for tax loss harvesting.
Reinforce your value throughout the year
Use BlackRock’s Tax Evaluator to review historical capital gains at key points throughout the year, like during large market movements or when you’re considering changes to a portfolio.
See what you could gain
Visit our Tax Center to explore solutions and insights to help you design portfolios with tax-impact in mind.
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1 Source: Morningstar as of Dec. 31, 2020. Tax Cost measures how much a fund's annualized return is reduced by the taxes investors pay on distributions (Difference between total annualized pre and post-tax returns over 10 years.) Data calculated using the oldest share class of all Active US large cap Equity Open-End Mutual Funds available in the U.S.
2 Source: BlackRock. The chart is for illustrative purposes only and is not indicative of the performance of any actual fund or investment portfolio. Does not include commissions or sales charges or fees. 12% represents the average pre-tax return over the same 10 year period for large cap equity mutual funds (12.30%). The hypothetical growth of $1,000,000 over ten years at an 12% return is $3,105,848. The hypothetical growth over ten years at an 12% return with a 1.79% tax cost is $2,643,687, resulting in a tax cost of $462161.
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 www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
For more information on the differences between ETFs and mutual funds, click here.
Transactions in shares of ETFs may result in brokerage commissions and will generate tax consequences. ETFs 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 ETFs may also generate tax consequences and transaction expenses. Terms of Use.
The tools, and any data used by the tools, is provided on an "as-is" basis. BlackRock expressly disclaims all warranties, express or implied, statutory or otherwise with respect to the tools (and any data used by the tools and the results obtained from use of the tools) including, without limitation, all warranties or merchantability, fitness for a particular purpose or use, accuracy, completeness, originality and/or non-infringement. In no event shall BlackRock have any liability for any claims, damages, obligations, liabilities or losses relating to the tools including, without limitation, any liability for any direct, indirect, special, incidental, punitive and/or consequential damages (including loss of profits or principal). The use of the tool is subject to the BlackRock Terms of Use.
The data collected through the tools is treated pursuant to BlackRock’s Data Promise.
The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective. This material is provided for educational purposes only and does not constitute investment advice. The information contained herein is based on current tax laws, which may change in the future. BlackRock cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
Prepared by BlackRock Investments, LLC, member FINRA.
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