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Help clients keep more
It’s not what you make, it’s what you keep that enables your clients’ portfolios to flourish.
Use Tax Estimator to analyze capital gains funds have paid in the past and find tax efficient alternatives.
Review capital gain history
Review capital gain history
Use Tax Estimator to analyze capital gains funds have paid in the past and find tax efficient alternatives.
How much are taxes impacting your portfolios?
Tax drag impacts portfolio returns. The long-term annual average tax cost for mutual funds is 1.2% for equity and 1.4% for bond2.
A 1% tax cost on an initial investment of $1,000,000 at an 8% return over 10 years creates a $191k1 negative tax impact.
A 1% tax cost on an initial investment of $1,000,000 at an 8% return over 10 years creates a $191k1 negative tax impact.
Now may be the time to find an ETF alternative
iShares ETFs are generally cost and tax efficient, which can help your clients keep more of what they earn.
Use Tax Estimator to identify ETF alternatives for your mutual funds with a history of capital gains distributions.
See ETF options
See ETF options
Use Tax Estimator to identify ETF alternatives for your mutual funds with a history of capital gains distributions.
Preparing for a client conversation about taxes?
Hear from Amy Whitelaw, Head of US & Canadian iShares Equity ETF Portfolio Engineering on how iShares ETFs are designed with tax efficiency in mind.
Watch this 2-minute video
1The hypothetical growth of $1,000,000 over ten years at an 8% return is $2,158,924.98. The hypothetical growth over ten years at an 8% return with a 1% tax cost is $1,967,151.36, resulting in a tax cost of $191,773.62.
2Source: Morningstar, as of 8/31/19. “Tax cost” is a Morningstar measure of the impact of taxes on capital gains and income distributions on performance. Averages are calculated using the oldest share class of all Open-End Mutual Funds available in the U.S. (excluding municipal bond and money market funds) with 10-year track records as of 8/31/19.
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 visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
The tool 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 results obtained from their use) 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 tools are subject to the BlackRock Terms of Use.
The data collected through these tools are treated pursuant to BlackRock’s Data Promise
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4 p.m. eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
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.
Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
Certain traditional mutual funds can also be tax efficient.
This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
This information is intended for use in the United States. This information is not a solicitation for or offering of any investment, product, or service to any person in any jurisdiction or country in which such solicitation or offering would be unlawful.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
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