Multi Asset

LEJAX

LifePath ESG Index 2035 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.
12.21 2.01 - - 6.76
Benchmark (%) 12.76 2.35 - - 7.13
Morningstar Category Avg. (%) 13.21 2.37 - - -
Morningstar Ranking 161/206 137/190 - - -
Morningstar Quartile 4 3 - - -
Lipper Ranking 156/197 131/186 - - -
Lipper Quartile 4 3 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
6.00 1.37 1.46 12.21 6.15 - - 28.79
Benchmark (%) 6.21 1.53 1.56 12.76 7.23 - - 30.52
Morningstar Category Avg. (%) 6.86 1.22 1.26 13.21 7.29 - - -
  2019 2020 2021 2022 2023
Total Return (%) - - 14.35 -17.28 16.10
Benchmark (%) - - 14.57 -16.83 16.20
Morningstar Category Avg. (%) - - 13.76 -16.92 16.24

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 11, 2024
$0.3 M
Share Class launch date
Aug 18, 2020
Morningstar Category
Target-Date 2035
Benchmark Index
BlackRock LifePath ESG Index 2035 Fund Custom Benchmark (USD)
Distribution Frequency
Annual
Open to New Investors
Yes
Size of Fund (Millions)
as of Jul 11, 2024
$3.9 M
Asset Class
MultiAsset
Lipper Classification
Mixed-Asset Target 2035 Funds
CUSIP
09260W824
Max Offer Price
as of Jul 11, 2024
$12.10
Turnover Percent
14.00%

Portfolio Characteristics

Portfolio Characteristics

R-Squared
as of Jun 30, 2024
0.67
Effective Duration
as of Jun 28, 2024
2.00 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-12.72%
Fund Sharpe Ratio (3y)
as of Jun 30, 2024
0.00
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
12.47%
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more

This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Jun 21, 2024
AA
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
7.2
Fund Lipper Global Classification
as of Jun 21, 2024
Target Maturity MA USD 2035
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
87.40
MSCI ESG % Coverage
as of Jun 21, 2024
91.08%
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
97.83%
Funds in Peer Group
as of Jun 21, 2024
46
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
74.02%
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Dec 31, 2023. 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% (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.

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
0.01%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.04%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.00%
MSCI - Tobacco
as of Jun 28, 2024
0.00%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
0.02%
MSCI - Thermal Coal
as of Jun 28, 2024
0.01%
MSCI - Oil Sands
as of Jun 28, 2024
0.12%

Business Involvement Coverage
as of Jun 28, 2024
74.37%
Percentage of Fund not covered
as of Jun 28, 2024
25.63%
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 0.26% 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 1.44%
Net Expense Ratio 0.50%

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 186, 4,463, 186, 29 and 186 Funds, respectively in Lipper's Mixed-Asset Target 2035 Funds 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 May 31, 2024)

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
iShares ESG Aware MSCI USA ETF 37.00
iShares ESG Aware US Agg Bond ETF 27.31
iShares ESG Aware MSCI EAFE ETF 12.42
ISHARES TIPS BOND ETF 5.72
iShares ESG Aware MSCI EM ETF 5.58
Name Weight (%)
iShares ESG Aware MSCI USA Small-C 4.24
ISHARES DEVELOPD RL ESTAT CL K 3.08
ISHARES MSCI EAFE SMALL-CAP ETF 2.02
ISHARES MSCI CANADA ETF 1.47
ISHARES MSCI EMERGING MARKETS SMAL 0.97
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. 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
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

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

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

  

Greg Savage
Head of Americas Index Asset Allocation

   

Paul Whitehead
Paul Whitehead
Portfolio Manager

Literature

Literature

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