Multi Asset

LIKKX

LifePath Index 2040 Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
47.86 11.77 12.05 -
Benchmark (%) 47.72 11.76 12.02 -
Morningstar Category Avg. (%) 47.12 11.15 11.94 9.10
Morningstar Ranking 109/206 56/192 66/149 -
Morningstar Quartile 2 2 2 -
Lipper Category Avg. (%) 47.20 11.02 11.88 9.06
Lipper Ranking 97/199 53/185 62/139 -
Lipper Quartile 2 2 2 -
  YTD 1m 3m 1y 3y 5y 10y
4.23 2.37 4.23 47.86 39.64 76.63 -
Benchmark (%) 3.98 2.18 3.98 47.72 39.59 76.42 -
Morningstar Category Avg. (%) 4.37 2.21 4.37 47.12 37.30 75.73 139.00
Lipper Category Avg. (%) 4.28 2.16 4.28 47.20 36.91 75.45 138.81
  2016 2017 2018 2019 2020
Total Return (%) 8.10 19.95 -7.08 25.01 14.10
Morningstar Category Avg. (%) 7.95 19.52 -7.74 23.19 14.56
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 Jun 22, 2021 $6,407.4 M
Size of Fund (Millions) as of Jun 22, 2021 $9,045.8 M
Share Class launch date May 31, 2011
Asset Class MultiAsset
Morningstar Category Target-Date 2040
Lipper Classification Mixed-Asset Target 2040 Funds
Benchmark Index LifePath Index Mutual Fund Custom Benchmark - 2040
CUSIP 066923731
Distribution Frequency Quarterly
Max Offer Price as of Jun 22, 2021 $19.47
Open to New Investors Yes
Turnover Percent in the Annual Report 9%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Mar 31, 2021 0.01
Fund Sharpe Ratio (3y) as of May 31, 2021 0.77
Effective Duration as of May 28, 2021 1.00 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 17.25%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -19.56%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jun 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jun 07, 2021 5.9
MSCI ESG Quality Score - Peer Percentile as of Jun 07, 2021 37.74%
MSCI ESG % Coverage as of Jun 07, 2021 95.33%
Fund Lipper Global Classification as of Jun 07, 2021 Target Maturity MA USD 2040
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 07, 2021 156.89
Funds in Peer Group as of Jun 07, 2021 53
All data is from MSCI ESG Fund Ratings as of Jun 07, 2021, based on holdings as of Feb 28, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of May 28, 2021 0.45%
MSCI - UN Global Compact Violators as of May 28, 2021 1.03%
MSCI - Nuclear Weapons as of May 28, 2021 0.40%
MSCI - Thermal Coal as of May 28, 2021 0.13%
MSCI - Civilian Firearms as of May 28, 2021 0.15%
MSCI - Oil Sands as of May 28, 2021 0.14%
MSCI - Tobacco as of May 28, 2021 0.49%

Business Involvement Coverage as of May 28, 2021 87.84%
Percentage of Fund not covered as of May 28, 2021 12.16%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.81% and for Oil Sands 1.20%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.15%
Net Expense Ratio 0.09%

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 May 31, 2021 out of 185, 4,521, 185, 125 and 185 Funds, respectively in Lipper's Mixed-Asset Target 2040 Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Jan 06, 2021)

Holdings

Holdings

as of May 28, 2021
Name Weight (%)
BLACKROCK RUSSELL 1000 INDEX FUND 45.53
ISHARES MSCI TOTAL INTL STOCK ETF 33.39
BLACKROCK BOND INDEX FUND 11.58
Name Weight (%)
ISHARES DEVELOPD RL ESTAT CL K 4.27
ISHARES TIPS BOND ETF 3.31
BLACKROCK SMALL CAP INDEX FUND 1.72

Exposure Breakdowns

Exposure Breakdowns

as of May 28, 2021

% of Market Value

Type Fund
as of May 28, 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.
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Portfolio Managers

Portfolio Managers

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Alan Mason
Head of Americas ETF and Index Investment

   

Lisa O'Connor
Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions

  

Greg Savage
Head of Americas Index Asset Allocation

   

Amy Whitelaw
Head of Americas iShares Equity Portfolio Management

  

Portfolio Manager

Literature

Literature

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