PERFORMANCE


Cum. Fund Perf. Since Inception: 299.10%

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.
as of
  1y 3y 5y 10y Incept.  
9.50 7.07 9.32 5.94 7.01
Benchmark (%)   9.51 7.65 10.01 6.60 -
Morningstar Category Avg. (%)   9.34 7.52 9.88 5.74 -
Lipper Category Avg. (%)   9.12 7.45 9.78 5.59 -
as of
  YTD 1m 3m 1y 3y 5y 10y Incept.  
3.94 -1.11 1.72 9.50 22.75 56.14 78.12 299.10
Benchmark (%)   4.40 -1.10 1.54 9.51 24.76 61.11 89.41 -
Lipper Ranking  

as of 31-Oct-2012

114/176 96/164 28/118 5/18
Morningstar Category Avg. (%)   3.63 -1.25 1.64 9.34 24.29 60.18 74.70 -
Lipper Category Avg. (%)   3.60 -1.21 1.61 9.12 24.15 59.74 73.00 -
as of
  2009 2010 2011 2012 2013
Total Return (%)   - 10.90 1.46 10.99 9.67
Benchmark (%)   22.84 12.74 1.64 - 10.32
Morningstar Category Avg. (%)   24.25 12.27 -0.22 11.68 11.57


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Interactive chart displaying fund performance. Javascript is required.

Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital
Jun 30, 2014 Jun 27, 2014 Jun 30, 2014 $0.079493 - - - -
Mar 31, 2014 Mar 28, 2014 Mar 31, 2014 $0.064443 - - - -
Sep 28, 2012 Sep 28, 2012 Sep 28, 2012 $0.051400 $0.051400 - - -
Jun 29, 2012 Jun 29, 2012 Jun 29, 2012 $0.111500 $0.111500 - - -
Mar 30, 2012 Mar 30, 2012 Mar 30, 2012 $0.042800 $0.042800 - - -
Dec 30, 2011 Dec 30, 2011 Dec 29, 2011 $1.305281 $0.695977 - $0.609304 -
Sep 30, 2011 Sep 30, 2011 Sep 29, 2011 $0.060775 $0.060775 - - -
Jun 30, 2011 Jun 30, 2011 Jun 29, 2011 $0.121921 $0.121921 - - -
Mar 31, 2011 Mar 31, 2011 Mar 30, 2011 $0.055672 $0.055672 - - -
Dec 31, 2010 Jan 3, 2011 Dec 30, 2010 $0.087127 $0.087127 - - -
Sep 30, 2010 Oct 1, 2010 Sep 29, 2010 $0.048785 $0.048785 - - -
Jun 30, 2010 Jul 1, 2010 Jun 29, 2010 $0.095759 $0.095759 - - -
Mar 31, 2010 Apr 1, 2010 Mar 30, 2010 $0.042841 $0.042841 - - -

Interactive chart displaying fund performance. Javascript is required.

Year Total Distribution Income ST Cap Gains LT Cap Gains
2012 0.21 0.21 0.00 0.00
2011 1.54 0.93 0.00 0.61
2010 0.27 0.27 0.00 0.00

Past distributions are not indicative of future distributions.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Holdings

as of 31-Jul-2014

Name Weight (%)
BLACKROCK COREALPHA BOND FUND 42.88
ACTIVE STOCK MASTER PORTFOLIO 22.13
INTERNATIONAL TILTS MASTER 9.11
ISHARES TIPS BOND ETF 6.79
BLACKROCK RUSSELL 1000 INDEX FUND 3.75
BLACKROCK SMALL CAP INDEX FUND 3.72
BLACKROCK COMMODITY STRAT FUND 3.56
BLACKROCK EMERGING MARKETS FUND 2.98
ISHARES INTL DEV REAL ESTATE ETF 1.33
ISHARES MSCI EAFE SMALL-CAP ETF 1.32
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.

Ratings

  • Morningstar Rating
     
  • Overall   :
  • 4
  • Overall Morningstar Rating for LifePath 2020 Portfolio, Institutional, as of 31-Jul-2014 rated against 183 Target Date 2016-2020 Funds.

PORTFOLIO MANAGERS

KEY FACTS

Size of Fund (Millions)

as of 19-Aug-2014

$1,007.4 M
Size of Class (Millions)

as of 19-Aug-2014

$602.8 M
Inception Date Mar 1, 1994
Asset Class MultiAsset
Morningstar Category Target Date 2016-2020
Lipper Classification Mixed-Asset Target 2020 Funds
CUSIP 066922873
Benchmark Index STLCX Historical Performance Shell

Total Expense Ratio 1.16%
Net, Including Investment Related Expenses   0.85%
Net, Excluding Investment Related Expenses 0.55%

Max Offer Price

as of 19-Aug-2014

$17.19
Distribution Frequency   Quarterly
Turnover Percent

as of 31-Jul-2014

19%
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

30 Day SEC Yield  

as of -

-
Unsubsidized 30-Day SEC Yield  

as of -

-

Best 3-Month Return Over the Last 3 Years

3 months ending 31-Mar-2012

6.98%
Worst 3-Month Return Over the Last 3 Years

3 months ending 31-May-2012

-3.51%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

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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 the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.

The fund is actively managed and its characteristics will vary.

Fund of funds are subject to the risks associated with the underlying BlackRock funds in which it invests.

Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.

International investing involves special risks including, but not limited to currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.

Asset allocation strategies do not assure profit and do not protect against loss.

Non-diversification of investments means that more assets are potentially invested in fewer securities than if investments were diversified, so risk is increased because each investment has a greater effect on performance.

The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.

The target date in the funds name is the approximate date an investor plans to start withdrawing money. The principal value is not guaranteed at any time, including at the target date.

Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.

Investing involves risk, including possible loss of principal.

The Fund is actively managed and its composition will vary. Fund details, holdings and characteristics are as of the date noted and subject to change.

Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.

Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-3384