Multi Asset

LPDAX

LifePath Dynamic 2060 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 Incept.
19.20 4.78 9.88 - 9.45
12.94 2.91 8.70 - 8.62
Benchmark (%) 18.16 4.70 10.22 - 9.72
Morningstar Category Avg. (%) 17.04 4.00 9.58 - -
Morningstar Ranking 23/200 28/189 53/159 - -
Morningstar Quartile 1 1 2 - -
Lipper Ranking 23/190 28/179 52/150 - -
Lipper Quartile 1 1 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
11.15 1.78 2.35 19.20 15.02 60.16 - 89.60
5.31 -3.56 -3.02 12.94 8.98 51.76 - 79.65
Benchmark (%) 9.81 1.84 2.16 18.16 14.78 62.65 - 92.97
Morningstar Category Avg. (%) 9.53 1.35 1.67 17.04 12.49 58.03 - -
  2019 2020 2021 2022 2023
Total Return (%) 26.20 14.03 17.87 -18.88 21.99
Benchmark (%) 26.95 15.18 18.79 -18.40 21.58
Morningstar Category Avg. (%) 25.15 15.52 17.47 -18.08 19.96

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 Jul 12, 2024
$4.0 M
Share Class launch date
May 31, 2017
Morningstar Category
Target-Date 2060
Benchmark Index
BlackRock LifePath Dynamic 2060 Custom Benchmark (USD)
Distribution Frequency
Annual
Open to New Investors
No
Size of Fund (Millions)
as of Jul 12, 2024
$54.2 M
Asset Class
MultiAsset
Lipper Classification
Mixed-Asset Target 2060 Fds
CUSIP
066923426
Max Offer Price
as of Jul 12, 2024
$15.89
Turnover Percent
3.00%

Portfolio Characteristics

Portfolio Characteristics

R-Squared
as of Jun 30, 2024
0.60
Fund Sharpe Ratio (3y)
as of Aug 31, 2020
0.46
Fund Standard Deviation (3y)
as of Aug 31, 2020
16.85
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
15.46%
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-15.13%
Effective Duration
as of Jun 28, 2024
0.19 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. MSCI Ratings are currently unavailable for this fund.

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. 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 Jun 28, 2024
0.04%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.02%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.01%
MSCI - Tobacco
as of Jun 28, 2024
0.17%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
0.09%
MSCI - Thermal Coal
as of Jun 28, 2024
0.33%
MSCI - Oil Sands
as of Jun 28, 2024
0.17%

Business Involvement Coverage
as of Jun 28, 2024
29.48%
Percentage of Fund not covered
as of Jun 28, 2024
70.52%
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 0.56% and for Oil Sands 0.74%.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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 may include exposures to climate and disaster events, as well as sovereign social and governance concerns. Where appropriate, 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 may include 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. Where appropriate, these reviews include discussion of the portfolio’s exposure to material ESG risks.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.22%
Net Expense Ratio 0.84%

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 Jun 30, 2024 out of 179, 4,463, 179, 29 and 179 Funds, respectively in Lipper's Mixed-Asset Target 2060 Fds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jan 19, 2024)

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
Diversified Equity 52.92
INTL TILTS MASTER 13.30
ISHARES DEVELOPD RL ESTAT CL K 3.11
BLK TACTICAL OPPORTUNITIES CLASS K 2.30
ISHARES MSCI CANADA ETF 2.09
Name Weight (%)
ADVANTAGE EMERGING MARKETS F INVK 2.05
ISHARES MSCI EAFE SMALL-CAP ETF 1.03
ISHARES MSCI EAFE ETF 0.77
HIGH YIELD BOND FUND CLASS K 0.41
ISHARES IBOXX $ INV GRADE CORPORAT 0.29
Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% 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
Portfolio Manager, Global Tactical Asset Allocation Team

  

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Michael Pensky, CFA
Global Tactical Asset Allocation Team

   

Portfolio Manager

Literature

Literature

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