Multi Asset

LPSFX

LifePath Dynamic 2040 Fund

Overview

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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.
5.29 10.87 7.02 11.98 7.61
Benchmark (%) Index: LifePath Dynamic 2040 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. 5.07 9.75 6.43 12.00 7.76
Morningstar Category Avg. (%) Target-Date 2040 3.04 9.54 6.18 11.71 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 6/240 11/194 20/156 39/96 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 1 2 -
Lipper Category Avg. (%) Mixed-Asset Target 2040 Funds 2.87 9.43 6.05 11.71 -
Lipper Ranking Rankings are based on total return excluding sales charges. 6/234 11/185 20/147 39/95 -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 1 1 2 -
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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Apr 24, 2019 $30.3 M
Size of Fund (Millions) as of Apr 24, 2019 $273.9 M
Share Class launch date May 30, 2008
Asset Class MultiAsset
Morningstar Category Target-Date 2040
Lipper Classification Mixed-Asset Target 2040 Funds
Benchmark Index LifePath Dynamic 2040 Custom Benchmark
CUSIP 066922568
Max Offer Price as of Apr 24, 2019 $16.85
Open to New Investors Yes
Turnover Percent as of Mar 31, 2019 39%

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for LifePath Dynamic 2040 Fund, Class K, as of Mar 31, 2019 rated against 194 Target-Date 2040 Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jan 31, 2019) ‡

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
ACTIVE STOCK MASTER 43.84
INTL TILTS MASTER 14.12
ADVANTAGE EMERGING MARKETS F INVK 7.65
COREALPHA BOND MSTR 6.60
BLK TACTICAL OPPORTUNITIES CLASS K 3.01
Name Weight (%)
ISHARES MSCI EAFE SMALL-CAP ETF 3.00
ISHS EDGE MSCI MULTIFACTOR USA ETF 2.78
ISHS EDG MSCI MULTIFCTR INTL ETF 2.06
ISHARES TIPS BOND ETF 1.67
MASTER TR LP DYNAMIC 2040 1.26

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% 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
Co-Head of LifePath

   

Philip Green
Managing Director, Head of Global Tactical Asset Allocation

  

Portfolio Manager

Literature

Literature

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