Multi Asset

LPJAX

LifePath Dynamic 2035 Fund

Overview

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Performance

Performance

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Distributions

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  1y 3y 5y 10y
13.55 9.34 10.86 8.26
7.59 7.39 9.67 7.68
Benchmark (%) 13.62 9.42 10.71 8.52
Morningstar Category Avg. (%) 14.04 9.00 10.62 8.77
Morningstar Ranking 127/207 70/184 60/148 60/84
Morningstar Quartile 3 2 2 4
Lipper Category Avg. (%) 14.16 8.92 10.56 8.73
Lipper Ranking 121/200 70/177 58/142 52/74
Lipper Quartile 3 2 2 3
  YTD 1m 3m 1y 3y 5y 10y
13.55 4.08 12.54 13.55 30.71 67.42 121.24
7.59 -1.39 6.64 7.59 23.84 58.63 109.63
Benchmark (%) 13.62 3.72 11.80 13.62 31.00 66.28 126.60
Morningstar Category Avg. (%) 14.04 3.67 11.71 14.04 29.50 65.65 131.78
Lipper Category Avg. (%) 14.16 3.85 11.83 14.16 29.28 65.38 131.75
  2016 2017 2018 2019 2020
Total Return (%) 7.37 19.29 -6.69 23.37 13.55
Benchmark (%) 8.06 17.47 -6.40 23.18 13.62
Morningstar Category Avg. (%) 7.57 18.43 -7.04 22.04 14.04
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.

Key Facts

Key Facts

Size of Class (Millions) as of Mar 02, 2021 $27.1 M
Size of Fund (Millions) as of Mar 02, 2021 $119.1 M
Share Class launch date Jun 30, 2010
Asset Class MultiAsset
Morningstar Category Target-Date 2035
Lipper Classification Mixed-Asset Target 2035 Funds
Benchmark Index BlackRock LifePath Dynamic 2035 Custom Benchmark
CUSIP 066922295
Distribution Frequency Quarterly
Max Offer Price as of Mar 02, 2021 $17.18
Open to New Investors Yes
Turnover Percent in the Annual Report 42%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Jan 31, 2021 0.02
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 16.93%
Fund Sharpe Ratio (3y) as of Feb 28, 2021 0.46
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -18.82%
Fund Standard Deviation (3y) as of Feb 28, 2021 15.42
Effective Duration as of Jan 29, 2021 1.33 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations include exposures to climate and disaster events, as well as sovereign social and governance concerns. The portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager includes ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.21%
Net Expense Ratio 0.90%

Ratings

Ratings

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
Diversified Equity 39.88
INTL TILTS MASTER 11.76
ADVANTAGE EMERGING MARKETS F INVK 8.74
COREALPHA BOND MSTR 6.96
ISHARES CORE US AGGREGATE BOND ETF 5.70
Name Weight (%)
BLK TACTICAL OPPORTUNITIES CLASS K 5.05
ISHARES TIPS BOND ETF 4.99
MASTER TR LP DYNAMIC 2035 4.83
ISHARES MSCI EAFE SMALL-CAP ETF 4.41
ISHARES DEVELOPD RL ESTAT CL K 3.48

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% 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

Philip Green
Managing Director, Head of Global Tactical Asset Allocation

  

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Portfolio Manager

Literature

Literature

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