Multi Asset

LPYKX

LifePath Dynamic 2070 Fund

  • NAV as of Dec 04, 2025 $11.47
    52 WK: 8.56 - 11.54
  • 1 Day NAV Change as of Dec 04, 2025 $0.02 (0.17%)
  • NAV Total Return as of Dec 03, 2025 YTD: 20.23%

Overview

About this Fund

1. Seeks to deliver alpha and manage risk for the long term
2. Adapts to macro trends and opportunities
3. Built using 25+ years of target date fund experience

Investment Approach

Invests in broadly diversified global asset classes and becomes more conservative over time as investors approach retirement. The Fund accesses BlackRock’s full spectrum of investment capabilities to create a portfolio of complementary funds and seeks consistent, uncorrelated return through index, factor, and alpha seeking strategies.
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 16.47 - - - 16.48
Benchmark (%) 16.44 - - - 17.09
Morningstar Category Avg. (%) 14.89 - - - -
Morningstar Ranking 20/237 - - - -
Morningstar Quartile 1 - - - -
Lipper Ranking 19/228 - - - -
Lipper Quartile 1 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 18.34 3.58 7.59 16.47 - - - 16.82
Benchmark (%) 17.93 3.39 7.65 16.44 - - - 17.40
Morningstar Category Avg. (%) 16.92 3.10 6.80 14.89 - - - -
Performance data is not currently available
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.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 04, 2025
$5.2 M
Share Class launch date
Sep 24, 2024
Benchmark Index
BlackRock LifePath Dynamic 2070 Custom Benchmark
Lipper Classification
Mixed-Asset Target 2060+ Fds
Max Offer Price
as of Dec 04, 2025
$11.47
Turnover Percent in the Annual Report
-
Size of Class (Millions)
as of Dec 04, 2025
$4.7 M
Asset Class
Multi Asset
Morningstar Category
Target-Date 2065+
CUSIP
09260W519
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y)
as of -
-
Fund Standard Deviation (3y)
as of -
-
Fund Sharpe Ratio (3y)
as of -
-
Effective Duration
as of Oct 31, 2025
-0.02 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.23%
Net Expense Ratio 0.34%

Net Expense Ratio excluding Investment Related Expenses is 0.34%

  • Acquired Fund Fees and Expenses 0.25%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Oct 31, 2025)
Analyst-Driven % as of Oct 31, 2025
100.00
Data Coverage % as of Oct 31, 2025
100.00

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
Diversified Equity 49.33
INTL TILTS MASTER 14.69
ISHARES CORE MSCI EMERGING MARKETS 11.64
ISHARES CORE MSCI INT DEVEL ETF 7.28
BLK TACTICAL OPPORTUNITIES CLASS K 4.80
Name Weight (%)
ISHARES MSCI JAPAN ETF 2.95
ISHARES MSCI CANADA ETF 2.22
ISHARES MSCI EAFE SMALL-CAP ETF 2.08
ISHARES RUSSELL 2000 ETF 1.57
DIVERSIFIED FIXED INCOME FUN CL 0.79
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
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 Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
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.

For purposes of the asset class exposure set forth above, allocations to BlackRock Tactical Opportunities Fund is included in “Fixed Income”.

Portfolio Managers

Portfolio Managers

Philip Green
Philip Green
Head of Global Tactical Asset Allocation Team, Multi-Asset Strategies and Solutions

  

Read More

Phil Green, Managing Director, is the head of the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Phil’s service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM, Phil was a portfolio manager at Bankers Trust Company.

Phil earned an MBA from the Stern School of Business of New York University and a BS in economics from the Wharton School of the University of Pennsylvania.

 

Phil is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets, and the Journal of Investing.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Christopher Chung
Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath
Read More

Christopher Chung, CFA, Director, is the Head of Asset Allocation and Custom Strategies for LifePath. Mr. Chung's service dates back to 2008, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. As a Senior Portfolio Manager within the Multi-Asset Strategies & Solutions (MASS) group Mr. Chung is responsible for the design, implementation, and oversight of multi-asset Defined Contribution and 529 strategies.

 

At BGI, he was a portfolio manager within the BlackRock Multi-Asset Client Solutions (BMACS) Group focusing on the development and implementation of both target-date and college savings strategies. Prior to joining BGI, Mr. Chung was a Senior Manager within the Portfolio Management and Analytics Group at American Express. Mr.Chung started his career as a research professional at the Center for Interuniversity Research and Analysis of Organizations (CIRANO) in Montreal, Canada.

 

Mr. Chung earned a BBE degree in financial economics from Brock University and a MA degree in economics from Concordia University. Mr. Chung is a CFA charterholder.

Michael Pensky, CFA
Michael Pensky, CFA
Portfolio Manager, Global Tactical Asset Allocation Team

   

Read More

Michael Pensky, CFA, Managing Director, is a portfolio manager on the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Michael’s service with the firm dates back to 2012. Prior to joining BlackRock, he was a trading desk strategist in Morgan Stanley's Securitized Products Group and worked as a senior analyst in Foreign Exchange Sales & Trading at SunTrust Robinson Humphrey.

 

Michael earned BS degrees in mathematics and finance from the University of Florida and an MFE degree in financial engineering from the University of California, Berkeley.

 

Michael’s interests include top-down macro investing and multi-asset portfolio design & management. Outside of work, he enjoys playing musical instruments and running.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature