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Multi Asset

BAPBX

LifePath Smart Beta Retirement Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
11.30 3.50 3.19 7.23 21.02 22.11 109.86
5.46 -1.93 -2.22 1.60 14.67 15.70 98.85
Benchmark (%) Index: LifePath Smart Beta Retirement 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. 10.45 3.32 3.34 6.97 19.78 24.01 104.49
Morningstar Category Avg. (%) Target-Date Retirement 8.98 0.30 2.00 5.31 15.83 18.63 78.40
Lipper Category Avg. (%) Mixed-Asset Target Today Funds 8.80 2.57 2.75 5.81 15.64 17.99 76.25
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.

The Fund’s returns between December 31, 2014 and November 17, 2016 are the returns of the Fund when it followed different investment strategies under the name “BlackRock LifePath® Active Retirement Fund.” The Fund’s returns between November 27, 2012 and December 30, 2014 are the returns of the Fund when it followed a different investment objective and different investment strategies under the name “LifePath Active 2015 Portfolio.” The Fund’s returns prior to November 27, 2012 are the returns of the Fund when it followed a different glide path under the name “BlackRock Prepared Portfolio 2015.”

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 Sep 17, 2019 $5.8 M
Size of Fund (Millions) as of Sep 17, 2019 $9.6 M
Share Class launch date Apr 20, 2007
Asset Class MultiAsset
Morningstar Category Target-Date Retirement
Lipper Classification Mixed-Asset Target Today Funds
Benchmark Index LifePath Smart Beta Retirement Custom Benchmark
CUSIP 09256H641
Max Offer Price as of Sep 17, 2019 $11.10
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 103%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Aug 31, 2019 0.09
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Aug 30, 2019 $ 11,352.1 M
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 7.86%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -5.89%
Fund Standard Deviation (3y) as of Aug 31, 2019 5.37
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for LifePath Smart Beta Retirement Fund, Class A, as of Aug 31, 2019 rated against 153 Target-Date Retirement Funds.

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 Aug 31, 2019 out of 139, 4,621, 139, 29 and 139 Funds, respectively in Lipper's Mixed-Asset Target Today Funds classification.

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 Nov 19, 2018) ‡

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
ISHARES US TREASURY BOND ETF 19.20
ISHARES EDGE INVESTMENT GRADE ENHA 15.55
ISHARES EDGE MSCI MIN VOL USA ETF 13.80
ISHS EDGE MSCI MULTIFACTOR USA ETF 13.79
ISHARES TIPS BOND ETF 8.14
Name Weight (%)
ISHS EDG MSCI MINVOL EAFE ETF(USD) 6.22
ISHS EDG MSCI MULTIFCTR INTL ETF 6.19
BLACKROCK TOTAL FACTOR FUND- CLASS 4.92
ISHARES EDGE HIGH YIELD DEFENSIVE 4.03
ISHS EDG MSCI MULTFCT USA SMCP ETF 3.27

Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% of Market Value

Type Fund
Allocation subject to change
"Other" includes investments in the BlackRock Total Factor Fund (invests in equity, fixed income and other securities)
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

   

Andrew Ang
Head of Factor Investing Strategies

   

Ked Hogan
Head of Investments for BlackRock’s Factor-Based Strategies Group

  

Portfolio Manager

Literature

Literature

 

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