STLFX

LifePath Dynamic 2050 Fund

Multi Asset

STLFX

LifePath Dynamic 2050 Fund

How To Buy
  • NAV as of Aug 14, 2020 $20.11
    52 WK: 13.70 - 21.47
  • 1 Day NAV Change as of Aug 14, 2020 -0.05 (-0.25%)

Overview

A simple way to invest for retirement
A professionally managed portfolio of diversified investments that adjusts over time.

Invests in a mix of actively managed funds, smart beta ETFs, and traditional index funds

$200

billion in LifePath assets*

1

in 5 Fortune 100 companies use LifePath*

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Monthly Global Allocation Insights

Flexible for Changing Markets
Flexible for changing markets

Allocations are flexible to capture opportunities in changing markets.

Allocations are flexible

Monthly Global Allocation Insights

Balance Risk and Return
Balance risk and return

Our mix of global stocks and bonds slowly changes to become more conservative as retirement nears.

Balance risk and return

Monthly Global Allocation Insights

Celebrating 25 Anniversary


As the target date fund pioneer, LifePath has helped millions of people save and
invest for retirement over the past 25 years.

25th Anniversary

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. -7.32 3.33 19.75 0.55 19.40 36.65 145.37
Benchmark (%) Index: BlackRock LifePath Dynamic 2050 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. -7.24 3.09 19.06 1.18 19.38 36.36 149.23
Morningstar Category Avg. (%) Target-Date 2050 -1.07 4.74 12.60 6.43 21.22 40.14 136.65
Lipper Category Avg. (%) Mixed-Asset Target 2050 -5.60 2.67 18.03 1.72 17.98 34.19 138.85
  2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. -2.46 8.19 22.85 -8.32 26.46
Benchmark (%) Index: BlackRock LifePath Dynamic 2050 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. -2.12 8.72 20.57 -8.02 26.88
Morningstar Category Avg. (%) Target-Date 2050 -2.01 8.22 20.67 -8.41 24.54
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.

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.

Performance chart data not available for display.
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Cum. Fund Perf. Since Inception: 108.21

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Distributions

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Ex-Date Payable Date Record Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



Key Facts

Key Facts

Size of Class (Millions) as of Aug 14, 2020 $14.7 M
Size of Fund (Millions) as of Aug 14, 2020 $122.8 M
Share Class launch date Jun 30, 2008
Asset Class MultiAsset
Morningstar Category Target-Date 2050
Lipper Classification Mixed-Asset Target 2050
Benchmark Index BlackRock LifePath Dynamic 2050 Custom Benchmark
CUSIP 06739T556
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Quarterly
Max Offer Price as of Aug 14, 2020 $20.11
Open to New Investors Yes
Turnover Percent in the Annual Report 42%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Feb 29, 2020 0.05
Yield to Worst The average rate of return of the portfolio at current market prices, adjusting for optionality. as of Jul 31, 2020 0.11%
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 19.75%
Fund Sharpe Ratio (3y) Compared to Fund has no benchmark.<br/><br/>A ratio to measure risk-adjusted performance. The Sharpe ratio is calculated by subtracting the risk-free rate - such as that of the 10-year U.S. Treasury bond - from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns. as of Jul 31, 2020 0.40
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -22.61%
Fund Standard Deviation (3y) as of Jul 31, 2020 16.59
Effective Duration Effective Duration measures the sensitivity of the price of a bond with or without embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date while incorporating after-tax impacts on the bond. The options-based duration model used by BlackRock employs certain assumptions and may differ from other fund complexes. Effective Duration is measured at the individual bond level, aggregated to the portfolio level, and adjusted for leverage, hedging transactions and non-bond holdings, including derivatives. as of Jul 31, 2020 0.41 yrs
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 Jul 31, 2020 out of 199, 4,696, 199, 144 and 199 Funds, respectively in Lipper's Mixed-Asset Target 2050 classification.

Holdings

Holdings

as of Jul 31, 2020
Name Weight (%)
Diversified Equity 52.83
INTL TILTS MASTER 14.94
ADVANTAGE EMERGING MARKETS F INVK 11.26
ISHARES DEVELOPD RL ESTAT CL K 4.87
BLK TACTICAL OPPORTUNITIES CLASS K 4.67
Name Weight (%)
ISHARES MSCI EAFE SMALL-CAP ETF 3.92
COREALPHA BOND MSTR 0.39
ISHARES TIPS BOND ETF 0.38
ISHARES CORE US AGGREGATE BOND ETF 0.33
MASTER TR LP DYNAMIC 2050 0.28

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2020

% 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

Matthew O’Hara
Matthew O’Hara
Co-Head of LifePath

   

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Matthew O'Hara, PhD, CFA, Managing Director, is the Co-Head of LifePath and is Chair of the U.S. and Canada LifePath Executive Committee and Co-Chair of the UK LifePath Investment Committee.

 

Dr. O'Hara's service with the firm dates back to 2003, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. As part of the Multi Asset Strategies (MAS) group Dr. O'Hara is responsible for all investing aspects of lifetime asset allocation globally including the LifePath complex globally and the 529 complex in the U.S. as well as new product development in those areas.

 

At BGI, he was Director of Research for the U.S. & Canada Defined Contribution Group. He was responsible for research on defined contribution and pension outsourcing issues. Prior to joining the DC group, he was responsible for all research and model creation for asset-backed and commercial mortgage-backed securities. He also worked on corporate long/short strategies including the launch of the Fixed Income Global Alpha (FIGA) fund. Previous to working in finance, he worked as a research and design engineer.

 

Dr. O'Hara has been a lecturer in the MFE program at UC Berkeley. He has also served as president of the board of the CFA Society of San Francisco and has served as a trustee of the Bay Area Discovery Museum.

 

Dr. O'Hara earned a bachelor's degree in mechanical engineering from the University of Maryland in 1992. He earned an MS degree and a PhD in mechanical engineering from the University of California at Berkeley in 1995 and 1997, respectively. He also graduated as valedictorian and was awarded the Pyle Prize for best student paper from the Master's in Financial Engineering program at UC Berkeley in 2003.

 

Philip Green
Philip Green
Managing Director, Head of Global Tactical Asset Allocation

  

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Phil Green, Managing Director, is head of the Global Tactical Asset Allocation team within BlackRock’s Multi-Asset Strategies group. Mr. Green'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, Mr. Green was a portfolio manager at Bankers Trust Company. During his career, Mr. Green has managed Multi-Asset portfolios, absolute return strategies and relative return mandates. He 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.

Mr. Green 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.

Portfolio Manager

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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