Number of funds owned by BlackRock globally as of June 18, 2026, by investment style and fund type
BlackRock manages trillions of dollars, but it does so through a large number of separate funds. Counting them rather than their assets gives a different view of the firm. This report breaks down the number of BlackRock funds worldwide in 2026 by investment style and fund type. Counting funds tells its own story.
By count, BlackRock operates well over a thousand funds, split fairly evenly between active and index strategies, across three main fund types. This count-based view complements the dollar-based breakdowns in our BlackRock AUM by product type and region report and our BlackRock AUM by investment style and client type analysis.
ETFs lead by count: by fund type, BlackRock operates around 750 ETFs, far more than its roughly 520 mutual funds and 70 closed-end funds. ETFs are the largest and fastest-growing part of its product range.
The mix of style and fund type is revealing: most ETFs are index funds, most mutual funds are active, and closed-end funds are active too. The firm overall scale is profiled in our BlackRock statistics and facts overview.
A note on the data. These are counts of funds, not assets. The figures are reconciled from a December 2022 baseline of 1,077 funds, of which 585 were active and 492 index, plus later launches, and are approximate estimates for 2026. The broad picture is clear enough.
BlackRock Funds by Style and Fund Type
| Style and fund type | Number of funds | Share |
|---|---|---|
| ETFs - index | 680 | 51% |
| Mutual funds - active | 500 | 37% |
| ETFs - active | 70 | 5% |
| Closed-end - active | 70 | 5% |
| Mutual funds - index | 20 | 1% |
The table lists the number of BlackRock funds in 2026 by investment style and fund type, with each combination share of the total. It shows index ETFs and active mutual funds as the two largest groups by far. Sorting reveals the full order. Two groups dwarf all the others.
BlackRock Funds by Investment Style
By investment style, BlackRock funds are split fairly evenly between active and index. Of roughly 1,340 funds, around 640 are actively managed and around 700 track an index, a near balance that has held for years. The balance has barely shifted.
This even split by count is striking, because by assets the picture is very different: index funds hold far more money than active ones. The contrast between fund count and assets is as sharp as the splits in our Apple and Google comparison coverage.
An even split: by count, BlackRock funds are split fairly evenly, with around 640 active and around 700 index funds. This balance contrasts sharply with assets, where index funds and ETFs hold the great majority of the money.
The near balance of active and index funds reflects BlackRock dual nature: it is the worlds largest index manager, yet it also runs a large stable of active funds. The two styles coexist, even as money has flowed steadily toward index products. Both sides remain substantial.
Investment Style Within Each Fund Type
Splitting investment style by fund type reveals a clear pattern. ETFs are overwhelmingly index funds, mutual funds are overwhelmingly active, and closed-end funds are entirely active. The split is remarkably clean.
Of the roughly 750 ETFs, the great majority track an index, while of the roughly 520 mutual funds, nearly all are actively managed. This split reflects how each fund type is typically used, as our largest US ETF providers coverage shows.
Type sets the style: stacked by fund type, ETFs are overwhelmingly index, mutual funds are overwhelmingly active, and closed-end funds are entirely active. The fund type largely dictates the investment style.
The pattern is no accident. ETFs grew up as low-cost index vehicles, while mutual funds and closed-end funds have long been the home of active management. Only recently has that line begun to blur, with the rise of active ETFs. That frontier is growing fast.
Which Fund Types Are Active
Looking at the share of each fund type that is actively managed makes the divide stark. Almost all mutual funds and every closed-end fund are active, while only a small fraction of ETFs are. The divide could hardly be sharper.
Around 96 percent of BlackRock mutual funds are active, against fewer than 10 percent of its ETFs. This near-total split shows how firmly fund type and style are linked, a structure detailed in our BlackRock hub.
A stark divide: around 96 percent of BlackRock mutual funds and every closed-end fund are actively managed, against fewer than 10 percent of its ETFs. Fund type and investment style are tightly linked.
This divide is why the rise of ETFs has gone hand in hand with the rise of index investing. As money has shifted from mutual funds to ETFs, it has also shifted from active to index, almost automatically. One shift has driven the other.
Active vs Index by Fund Type
Comparing active and index counts within each fund type shows the divide directly. ETFs lean heavily index, while mutual and closed-end funds lean heavily active. The tilt flips by fund type.
The contrast is sharpest in ETFs, where index funds outnumber active ones many times over, and in mutual funds, where the reverse is true. These structural splits are explored in our largest BlackRock multi-asset funds coverage.
Opposite tilts: ETFs are heavily index, while mutual and closed-end funds are heavily active. The contrast is sharpest in ETFs, where index funds outnumber active ones many times over, and in mutual funds, where the reverse holds.
The dumbbell shape captures how BlackRock has built two distinct businesses: a vast index and ETF operation, and a smaller but still large active one, each centred on different fund types. Each side has its own home.
Many Funds, but Where the Money Is
The most revealing comparison is between the share of funds and the share of assets. Active funds make up around half the count but only about a quarter of the assets, while index funds dominate the money. Size and count tell different tales.
In other words, BlackRock runs many active funds, but they tend to be small, while its index funds and ETFs are fewer in number per dollar but vastly larger. This gap between count and assets is central to the firm, as our BlackRock AUM by asset class analysis shows.
Count is not money: active funds make up around half of BlackRock funds by count but only about a quarter of its assets, while index funds dominate the money. The firm runs many active funds, but they tend to be small.
This is why counting funds tells only half the story. A firm can run hundreds of active funds yet still be dominated, in asset and revenue terms, by a smaller number of giant index funds and ETFs, which is exactly what has happened at BlackRock. The headline figure hides this.
How BlackRock Fund Count Has Grown
The number of BlackRock funds has grown steadily over time. From around 1,077 funds at the end of 2022, the total has risen to roughly 1,340 by 2026, as the firm has kept launching new products. The range keeps widening.
Most of the growth has come from new ETFs, including a wave of active ETFs, as BlackRock races to fill out its iShares range. The relentless expansion of ETFs is detailed in our largest ETFs by market cap coverage.
A steady climb: the number of BlackRock funds has grown from around 1,077 in December 2022 to roughly 1,340 by 2026, driven mainly by new ETFs, including a fast-rising number of active ETFs.
The steady rise in fund count reflects how BlackRock keeps innovating, launching funds for new asset classes, strategies and regions. Even as it grows ever larger, it keeps adding to its already enormous range of products. Innovation never seems to pause.
BlackRock Funds by Asset Class
BlackRock funds can also be counted by asset class. Equity funds are the most numerous, at around 500, followed by fixed income funds, reflecting the firm focus on stocks and bonds. Equities lead the count too.
Multi-asset, alternative and cash funds make up smaller numbers. The dominance of equity funds by count mirrors their dominance by assets right across the firm. Stocks dominate every measure.
Equity funds lead: equity funds are the most numerous at around 500, followed by fixed income at around 316, with multi-asset, alternatives and cash funds making up smaller numbers. This mirrors equities dominance by assets too.
The large number of equity funds reflects how finely BlackRock slices the stock market, with funds for countries, sectors, sizes and themes. Fixed income is similarly varied, though with somewhat fewer funds overall. The variety is still vast.
The Rise of Active ETFs
One of the most important recent trends is the rise of active ETFs, funds that are run actively but trade like ETFs. BlackRock has been launching these rapidly, blurring the old line between active and index. The wrapper is changing fast.
The number of active ETFs has grown from a handful a few years ago to dozens today, and is set to keep rising fast. This is part of a wider industry shift, as our largest asset managers worldwide coverage shows.
The new frontier: active ETFs, run actively but trading like ETFs, have grown from a handful a few years ago to dozens today. They blur the old line between active and index, and are set to keep rising fast.
Active ETFs matter because they combine the appeal of ETFs, low cost and easy trading, with active management. They are expected to be a major source of new funds and assets for BlackRock in the years ahead. They are a clear growth engine.
BlackRock Funds: Count vs Active Share
Plotting the number of funds by type against the share that is active brings the whole picture together. The largest fund types by count are not the most actively managed, and vice versa. The two measures pull apart.
ETFs are the most numerous but the least active, while mutual and closed-end funds are fewer but almost entirely active. This inverse relationship defines the firm fund structure, much like the patterns in our biggest companies by value rankings.
An inverse link: the bars show the number of funds by type while the line shows the share that is active. ETFs are the most numerous but the least active, while mutual and closed-end funds are fewer but almost entirely active.
For BlackRock, the lesson is that fund type and style are tightly linked. Its future growth in fund numbers will come mostly from ETFs, including active ones, gradually reshaping the balance between the two styles. ETFs will tip the balance.
Taken together, the breakdown shows a BlackRock that runs well over a thousand funds, split fairly evenly between active and index, but with a clear structure: ETFs are mostly index, mutual and closed-end funds mostly active. The structure is strikingly clear.
Whether counted by investment style or by fund type, BlackRock funds reveal a firm with two distinct sides: a vast index and ETF operation, and a large active one. Counting funds, rather than assets, brings that dual nature clearly into view. Counting reveals the hidden half.
Frequently Asked Questions: BlackRock Funds
BlackRock operates a very large number of funds worldwide, estimated at roughly 1,340 in 2026. This count is based on a December 2022 baseline of 1,077 funds, plus the many new funds launched since, mostly ETFs. The total is split fairly evenly by investment style, with around 640 actively managed funds and around 700 index funds. By fund type, ETFs are the most numerous at around 750, followed by mutual funds at around 520 and closed-end funds at around 70. It is important to note that the number of funds is very different from the amount of assets: BlackRock runs many active funds, but they tend to be small, while its index funds and ETFs are larger and hold the great majority of its more than 14 trillion dollars in assets. So while the firm has a balanced number of active and index funds, its money is heavily concentrated in index and ETF products. The exact count varies by source and date, as funds are constantly launched and closed.
By investment style, BlackRock funds are split fairly evenly between active and index strategies. Of roughly 1,340 funds in 2026, around 640 are actively managed, where fund managers pick investments to try to beat the market, and around 700 are index funds, which simply track a market benchmark. This near balance has held for years; at the end of 2022, for example, BlackRock operated 1,077 funds, of which 585 were active and 492 were index. What makes this even split striking is that it contrasts sharply with the breakdown by assets: although active and index funds are similar in number, index funds and ETFs hold far more money, around two-thirds of total assets, while active funds hold much less. This reflects the fact that BlackRock active funds tend to be smaller, while its index funds and ETFs are larger. The firm is, by assets, overwhelmingly an index manager, even though by fund count it is more evenly balanced.
BlackRock offers three main types of funds: exchange-traded funds (ETFs), mutual funds, and closed-end funds. ETFs, sold under the iShares brand, are the most numerous, at around 750, and trade on stock exchanges throughout the day like shares. The great majority of them are index funds that track a benchmark at low cost, though BlackRock is increasingly launching active ETFs too. Mutual funds, also called open-end funds, number around 520 and are mostly actively managed; investors buy and sell them at a price set once a day. Closed-end funds, of which there are around 70, are a smaller, specialised category that trades on exchanges but with a fixed number of shares, and they are entirely actively managed. Each fund type suits different needs and investors. The clear pattern is that ETFs are the home of index investing, while mutual funds and closed-end funds are where BlackRock active management is concentrated. Together, these fund types span every major asset class and region.
By count, BlackRock funds are split fairly evenly between active and index, with around 640 active and around 700 index funds out of roughly 1,340 in 2026. So by number, index funds have a slight edge, but the two are close. However, the answer depends heavily on which fund type you look at. Almost all of BlackRock ETFs are index funds, while around 96 percent of its mutual funds are actively managed, and all of its closed-end funds are active. So whether most funds are active or index depends on the mix of fund types. Crucially, by assets rather than count, BlackRock is overwhelmingly an index manager: index funds and ETFs hold around two-thirds of its more than 14 trillion dollars, while active funds hold much less. This is because its index funds and ETFs are far larger on average than its active funds. So BlackRock is balanced by fund count but index-dominated by assets.
BlackRock is best known as the worlds largest index and ETF manager, but it also runs a large number of active funds, which can seem surprising. The reason is that, although active funds make up around half of its funds by count, they hold only a small share of its assets, because they tend to be much smaller than its giant index funds and ETFs. BlackRock offers active funds to meet demand from investors who want managers to try to beat the market, particularly in areas such as fixed income, alternatives and specialised equity strategies, where active management can add value. Many of these active funds are mutual funds or closed-end funds aimed at specific client needs. So the firm runs two businesses side by side: a vast, low-cost index and ETF operation that holds most of its assets, and a smaller but still large active operation spread across many funds. Counting funds rather than assets reveals this dual nature, which the headline image of BlackRock as a pure index giant tends to hide.
The number of BlackRock funds has grown steadily over time, rising from around 1,077 at the end of 2022 to an estimated 1,340 by 2026. This growth has been driven mainly by the launch of new ETFs, as BlackRock continues to expand its iShares range to cover new asset classes, strategies, regions and themes. A particularly fast-growing category has been active ETFs, funds that are managed actively but trade like ETFs, which have grown from a handful a few years ago to dozens today. The steady rise in fund count reflects BlackRock relentless product innovation: even as it grows ever larger, it keeps adding new funds to capture demand in emerging areas, from digital assets to private markets. At the same time, some older or less popular funds are closed or merged, so the net number grows more slowly than the gross number of launches. Overall, the trend is clearly upward, with ETFs accounting for most of the increase.
Fund count and assets under management measure two very different things. Fund count is simply the number of separate funds a firm operates, while assets under management (AUM) is the total amount of money held in those funds. The two can give very different pictures. At BlackRock, for example, active and index funds are split fairly evenly by count, at around 640 active and 700 index. But by assets, index funds and ETFs hold around two-thirds of the total, while active funds hold much less. This is because BlackRock index funds and ETFs are, on average, far larger than its active funds. A single giant ETF can hold more money than hundreds of small active funds combined. So counting funds tells you about the breadth and variety of a firm offering, while AUM tells you where the money, and therefore the fees, actually are. For BlackRock, the breadth is balanced between active and index, but the money is heavily concentrated in index and ETF products.
Active ETFs are funds that are managed actively, with managers choosing investments to try to beat the market, but that trade on stock exchanges like ordinary ETFs. They combine features of two worlds: the active management traditionally found in mutual funds, and the low cost, tax efficiency and easy trading of ETFs. For decades, almost all ETFs were index funds, while active management lived in mutual funds. Active ETFs blur that line. They matter because they are one of the fastest-growing parts of the fund industry, and BlackRock has been launching them rapidly, growing its active ETF count from a handful a few years ago to dozens today. Active ETFs allow BlackRock to offer active strategies in the increasingly popular ETF wrapper, capturing investors who want both active management and the convenience of ETFs. They are expected to be a major source of new funds and assets for BlackRock in the years ahead, and a key reason its overall fund count keeps rising.
Equity, meaning stocks, is the asset class with the most BlackRock funds, at around 500, the highest of any category. This was confirmed by data showing BlackRock operated 506 equity funds as of mid-2024, more than any other asset class. Fixed income, meaning bonds, is second, with around 316 funds. The remaining funds are spread across multi-asset strategies, which blend stocks and bonds, alternatives such as private credit and infrastructure, and cash management. The large number of equity funds reflects how finely BlackRock slices the stock market, offering funds for individual countries, regions, sectors, company sizes and investment themes. Notably, the majority of BlackRock equity funds are ETFs, while for fixed income the majority are mutual funds, showing how fund type varies by asset class. The dominance of equity funds by count mirrors their dominance by assets, since equities also make up the largest share of BlackRock total assets under management, at more than half.
Yes, counting funds rather than assets gives a notably different and revealing view of BlackRock. By assets, the firm looks like an overwhelming index and ETF giant, since index products hold around two-thirds of its more than 14 trillion dollars. But by fund count, it looks far more balanced, with active and index funds split almost evenly, at around 640 active and 700 index. This shows that BlackRock is not simply a passive-only firm: it runs a large and varied active business, spread across hundreds of funds, even though those funds are individually small. Counting funds also highlights the breadth of its product range, spanning three fund types, every asset class, and markets around the world. It reveals the firm dual nature: a vast index and ETF operation that holds most of the money, alongside a large active operation that accounts for much of the variety. So while assets show where BlackRock power lies, fund counts show the full breadth of what it offers.
Statista - Number of BlackRock funds worldwide by investment style and fund type - Source for the December 2022 baseline of 1,077 funds (585 active, 492 index).
Statista and BlackRock fund listings - Source for funds by asset class, including 506 equity and 316 fixed income funds as of mid-2024.
BlackRock fund listings - Reference for current fund counts.
