1 Sources: BlackRock, Morningstar as of 12/31/13. Represented by the oldest share class of each Open-End Mutual Fund in the United States that incepted on or before 10/31/13. Past distributions are not indicative of future distributions.
2 The average net expense ratio for large cap blend mutual funds, as represented by the oldest share class of actively managed mutual funds in the Large Blend Morningstar category is 1.12% – compared to just 0.07% for the iShares Core S&P 500 ETF (also in the Large Blend Morningstar category). Source: Morningstar, as of 2/28/14.
Daniel Gamba, CFA, is Managing Director and head of BlackRock’s iShares Americas Institutional Business. He is also a member of BlackRock’s Global Operating Committee. He is a new contributor to The Blog.