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Multi Asset

BIPHX

LifePath Smart Beta 2040 Fund

Overview

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Performance

Performance

  • Returns

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 November 27, 2012 and November 17, 2016 are the returns of the Fund when it followed different investment strategies under the name “BlackRock LifePath® Active 2040 Fund.” 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 2040.”

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 Dec 13, 2019 $2.4 M
Size of Fund (Millions) as of Dec 13, 2019 $15.8 M
Share Class launch date Apr 20, 2007
Asset Class MultiAsset
Morningstar Category Target-Date 2040
Lipper Classification Mixed-Asset Target 2040 Funds
Benchmark Index LifePath Smart Beta 2040 Custom Benchmark
CUSIP 09256H484
Max Offer Price as of Dec 13, 2019 $11.51
Open to New Investors Yes
Turnover Percent as of Nov 30, 2019 59%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Apr 30, 2019 0.01
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Nov 29, 2019 $ 15,699.9 M
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 11.08%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -10.79%
Fund Standard Deviation (3y) as of Nov 30, 2019 9.60
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 Nov 30, 2019 out of 190, 4,572, 191, 123 and 191 Funds, respectively in Lipper's Mixed-Asset Target 2040 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 15, 2019) ‡

Holdings

Holdings

as of Nov 29, 2019
Name Weight (%)
ISHARES EDGE MSCI MIN VOL USA ETF 14.85
ISHS EDG MSCI USA QUL FCT ETF(USD) 13.81
ISHS EDG MSCI USA VAL FCT ETF(USD) 9.45
ISHARES CORE MSCI EMERGING MARKETS 7.02
ISHS EDG MSCI USA MOM FCT ETF(USD) 5.54
Name Weight (%)
ISHS EDGE MSCI INTL MOM FACTOR ETF 5.43
ISHS EDGE MSCI INTL QUAL FACT ETF 5.40
ISHS EDGE MSCI INTL VALUE FCTR ETF 5.39
ISHS EDG MSCI MINVOL EAFE ETF(USD) 5.00
ISHARES MSCI EAFE SMALL-CAP ETF 5.00

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 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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