About BlackRock

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BlackRock is trusted to manage more money than any other investment manager in the world, helping millions of people and the world’s biggest institutions and governments reach their investing goals.

Source: BlackRock. Based on $5.4 trillion in AUM as of 3/31/17

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LPJIX

LifePath Dynamic 2035 Fund

Multi Asset

LPJIX

LifePath Dynamic 2035 Fund

How To Buy
  • NAV as of 27-Jun-2017 $14.47
    52 WK: 12.38 - 14.57
  • 1 Day NAV Change as of 27-Jun-2017 -0.05 (-0.34%)

Overview

A simple way to invest for retirement
A professionally managed portfolio of diversified investments that adjusts over time.

Invests in a mix of actively managed funds, smart beta ETFs, and traditional index funds

$144

billion in LifePath assets*

1

in 5 Fortune 100 companies use LifePath*

Get insights

Monthly Global Allocation Insights

Flexible for Changing Markets
Flexible for changing markets

Allocations are flexible to capture opportunities in changing markets.

Allocations are flexible

Monthly Global Allocation Insights

Balance Risk and Return
Balance risk and return

Our mix of global stocks and bonds slowly changes as retirement nears.

Balance risk and return

Monthly Global Allocation Insights

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 11.63 4.66 6.86 - 9.33
Benchmark (%) Index: LifePath Dynamic 2035 Custom Benchmark.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 11.51 4.90 7.35 - -
Morningstar Category Avg. (%) Target-Date 2035 12.76 5.00 7.91 4.71 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 158/199 104/154 95/114 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 4 - -
Lipper Category Avg. (%) Mixed-Asset Target 2035 Funds 12.75 5.00 7.90 4.81 -
Lipper Ranking Rankings are based on total return excluding sales charges. 151/192 93/141 82/101 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 4 3 4 - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 4.92 0.60 4.92 11.63 14.63 39.36 - 82.69
Benchmark (%) Index: LifePath Dynamic 2035 Custom Benchmark.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 4.77 0.37 4.77 11.51 15.44 42.53 - -
Morningstar Category Avg. (%) Target-Date 2035 5.35 0.77 5.35 12.76 15.76 46.29 58.39 -
Lipper Category Avg. (%) Mixed-Asset Target 2035 Funds 5.37 0.78 5.37 12.75 15.80 46.45 60.34 -
  2012 2013 2014 2015 2016
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 13.85 15.33 5.44 -2.15 7.61
Benchmark (%) Index: LifePath Dynamic 2035 Custom Benchmark<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 14.43 16.03 5.97 -1.77 8.06
Morningstar Category Avg. (%) Target-Date 2035 14.64 20.00 5.24 -1.76 7.57


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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Performance chart data not available for display.
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 found in the Performance section.

Distributions

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Ex-Date Payable Date Record Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end. Income ST Cap Gains LT Cap Gains

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Year Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent 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 found in the Performance section.

Key Facts

Key Facts

Size of Class (Millions) as of 27-Jun-2017 $9.5 M
Size of Fund (Millions) as of 27-Jun-2017 $51.5 M
Share Class launch date 30-Jun-2010
Asset Class MultiAsset
Morningstar Category Target-Date 2035
Lipper Classification Mixed-Asset Target 2035 Funds
Benchmark Index LifePath Dynamic 2035 Custom Benchmark
CUSIP 066922253
Net, Including Investment Related Expenses Expenses stated as of the fund's most recent prospectus. Investment dividend expense, interest expense, acquired fund fees and expenses and certain other fund expenses are included in the Net, Including Investment Related expenses and excluded from the Net, Excluding Investment Related expenses. BlackRock may contractually agree to waive or reimburse certain fees and expenses until a specified date. Contractual waivers terminable upon 90 days’ notice by the fund's independent trustees or majority vote of outstanding fund securities. BlackRock may also voluntarily agree to waive certain fees and expenses in which the adviser may discontinue at any time without notice. For LifePath Portfolios, the Net, Including Investment Related expense ratio includes a contractual waiver equal to the amount of the acquired fund fees and independent expenses of the funds. Please see the prospectus for additional information. 0.66%
Net, Excluding Investment Related Expenses 0.40%
Gross Expense Ratio 1.02%
Contractual End Date 30-Apr-2018
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Quarterly
Max Offer Price as of 27-Jun-2017 $14.47
Open to New Investors Yes
Turnover Percent as of 30-Apr-2017 76%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of 31-May-2017 0.01
Alpha (3y) Compared to Fund has no benchmark.<br/><br/>Alpha is calculated at the portfolio level.<br/><br/>A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund&#39;s alpha. as of 31-May-2017 0.05
Average Market Cap (Millions) The average size of the securities the fund invests in. as of 31-May-2017 $8,448.4 M
Equity Beta Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security&#39;s price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.<br/><br/>Calculated vs. S&amp;P 500 as of 31-May-2017 0.24
Sharpe Ratio (3y) Compared to Fund has no benchmark.<br/><br/>A ratio to measure risk-adjusted performance. The Sharpe ratio is calculated by subtracting the risk-free rate - such as that of the 10-year U.S. Treasury bond - from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns. as of 31-May-2017 0.66
Best 3-Month Return Over the Last 3 Years 3 months ending 31-May-2016 8.59%
Worst 3-Month Return Over the Last 3 Years 3 months ending 30-Sep-2015 -7.08%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 30-Apr-2017 out of 145, 4,226, 145, 101 and 145 Funds, respectively in Lipper's Mixed-Asset Target 2035 Funds classification.

Holdings

Holdings

as of 31-May-2017
Name Weight (%)
ACTIVE STOCK MASTER PORTFOLIO 35.11
INTERNATIONAL TILTS MASTER 12.40
BLACKROCK COREALPHA BOND FUND 10.05
ISHS EDGE MSCI MULTIFACTOR USA ETF 5.99
MASTER TR LP DYNAMIC 2035 5.26
Name Weight (%)
BLACKROCK COMMODITY STRAT FUND 3.80
BLK TACTICAL OPPORTUNITIES CLASS K 3.05
ISHS EDG MSCI MULTIFCTR INTL ETF 2.73
ISHARES MSCI EAFE SMALL-CAP ETF 2.29
ISHARES TIPS BOND ETF 2.29

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2017

% of Market Value

Type Fund
as of 31-May-2017

% of Market Value

Type Fund
Allocations subject to change.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Matthew O’Hara
Matthew O’Hara
Global Head of the Lifetime Asset Allocation Group
Read More

Matthew O'Hara, PhD, CFA, Managing Director, is the global head of investment research for the Lifetime Asset Allocation Group and is Co-Chair of the U.S., Canadian and UK LifePath Investment Committees.

 

Dr. O'Hara's service with the firm dates back to 2003, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. As part of the Multi Asset Strategies (MAS) group Dr. O'Hara is responsible for all investing aspects of lifetime asset allocation globally including the LifePath complex globally and the 529 complex in the US as well as new product development in those areas.

 

At BGI, he was Director of Research for the U.S. & Canada Defined Contribution Group. He was responsible for research on defined contribution and pension outsourcing issues. Prior to joining the DC group, he was responsible for all research and model creation for asset-backed and commercial mortgage-backed securities. He also worked on corporate long/short strategies including the launch of the Fixed Income Global Alpha (FIGA) fund. Previous to working in finance, he worked as a research and design engineer.

 

Dr. O'Hara has been a lecturer in the MFE program at UC Berkeley. He also serves as vice president of the board of the CFA Society of San Francisco.

 

Dr. O'Hara earned a bachelor's degree in mechanical engineering from the University of Maryland in 1992. He earned an MS degree and a PhD in mechanical engineering from the University of California at Berkeley in 1995 and 1997, respectively. He also graduated as valedictorian and was awarded the Pyle Prize for best student paper from the Master's in Financial Engineering program at UC Berkeley in 2003.

Philip Green
Philip Green
Managing Director, Head of Global Tactical Asset Allocation

  

Read More

Phil Green, Managing Director, is head of the Global Tactical Asset Allocation team within BlackRock’s Multi-Asset Strategies group. Mr. Green's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM, Mr. Green was a portfolio manager at Bankers Trust Company. During his career, Mr. Green has managed Multi-Asset portfolios, absolute return strategies and relative return mandates. He is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets and the Journal of Investing.

Mr. Green earned an MBA from the Stern School of Business of New York University and a BS in economics from the Wharton School of the University of Pennsylvania.

Portfolio Manager

Literature

Literature

 

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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 Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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