LifePath Dynamic 2050 Fund | STLFX

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NAV as of Jan 22, 2021 $23.49
52 WK: 13.70 - 23.57
1 Day NAV Change as of Jan 22, 2021 -0.08 (-0.34%)
Bronze

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 the most time-tested target date fund

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

Growth of Hypothetical $10,000

Performance chart data not available for display.

Growth of Hypothetical $10,000
Historical NAVs

LifePath Dynamic 2050 Fund ($)

Cum. Fund Perf. Since Inception: 144.81

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.

Historical NAVs

Distributions

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Table

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Ex-Date	Payable Date	Record Date	Total Distribution	Income	ST Cap Gains	LT Cap Gains	Return of Capital

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Table

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Year	Total Distribution	Income	ST Cap Gains	LT Cap Gains

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

Returns

	1y	3y	5y	10y
Total Return (%) as of Dec 31, 2020	14.80	10.00	12.09	9.34
Benchmark (%) as of Dec 31, 2020	15.09	10.33	11.98	9.53
Morningstar Category Avg. (%) as of Dec 31, 2020	15.25	9.56	11.45	9.31
Morningstar Ranking as of Dec 31, 2020	126/217	68/196	44/157	39/78
Morningstar Quartile as of Dec 31, 2020	3	2	2	3
Lipper Category Avg. (%) as of Dec 31, 2020	15.31	9.48	11.38	9.26
Lipper Ranking as of Dec 31, 2020	118/206	68/185	44/147	39/78
Lipper Quartile as of Dec 31, 2020	3	2	2	2

Performance data is not currently available

	YTD	1m	3m	1y	3y	5y	10y
Total Return (%) as of Dec 31, 2020	14.80	5.05	14.93	14.80	33.10	76.91	144.14
Benchmark (%) as of Dec 31, 2020	15.09	4.73	15.03	15.09	34.31	76.06	148.48
Morningstar Category Avg. (%) as of Dec 31, 2020	15.25	4.49	14.19	15.25	31.49	71.91	143.50
Lipper Category Avg. (%) as of Dec 31, 2020	15.31	4.63	14.24	15.31	31.29	71.54	143.26

Performance data is not currently available

	2016	2017	2018	2019	2020
Total Return (%)	8.19	22.85	-8.32	26.46	14.80
Benchmark (%)	8.72	20.57	-8.02	26.88	15.09
Morningstar Category Avg. (%)	8.22	20.67	-8.41	24.54	15.25

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.

Key Facts

Size of Class (Millions) as of Jan 22, 2021 $19.9 M

Size of Fund (Millions) as of Jan 22, 2021 $138.6 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 Quarterly

Max Offer Price as of Jan 22, 2021 $23.49

Open to New Investors Yes

Turnover Percent in the Annual Report 42%

Portfolio Characteristics

R-Squared as of Dec 31, 2020 0.01

Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 19.75%

Fund Sharpe Ratio (3y) as of Dec 31, 2020 0.52

Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -22.61%

Fund Standard Deviation (3y) as of Dec 31, 2020 18.41

Effective Duration as of Dec 31, 2020 0.11 yrs

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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 Dec 31, 2020 0.01%

MSCI - UN Global Compact Violators as of Dec 31, 2020 0.01%

MSCI - Nuclear Weapons as of Dec 31, 2020 0.02%

MSCI - Thermal Coal as of Dec 31, 2020 0.01%

MSCI - Civilian Firearms as of Dec 31, 2020 0.01%

MSCI - Oil Sands as of Dec 31, 2020 0.00%

MSCI - Tobacco as of Dec 31, 2020 0.01%

Business Involvement Coverage as of Dec 31, 2020 11.77%

Percentage of Fund not covered as of Dec 31, 2020 88.23%

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 0.03% and for Oil Sands 0.01%.

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.

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations include exposures to climate and disaster events, as well as sovereign social and governance concerns. The portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager includes ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Fees

as of current prospectus

Gross Expense Ratio	0.94%
Net Expense Ratio	0.65%

Ratings

Lipper Leader

Lipper Leader Ratings

Consistent Return

Total Return

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, 2020 out of 181, 4,469, 181, 109 and 181 Funds, respectively in Lipper's Mixed-Asset Target 2050 classification.

Morningstar Analyst Rating

Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jan 22, 2021)

Holdings

Top

as of Dec 31, 2020

Name	Weight (%)
Diversified Equity	53.29
INTL TILTS MASTER	15.97
ADVANTAGE EMERGING MARKETS F INVK	11.76
ISHARES MSCI EAFE SMALL-CAP ETF	6.70
ISHARES DEVELOPD RL ESTAT CL K	4.74

Name	Weight (%)
ISHARES TIPS BOND ETF	0.41
COREALPHA BOND MSTR	0.36
ISHARES CORE US AGGREGATE BOND ETF	0.30
MASTER TR LP DYNAMIC 2050	0.26
ISHARES IBOXX $ INV GRADE CORPORAT	0.19

Exposure Breakdowns

Asset Class

as of Dec 31, 2020

% of Market Value

Type	Fund

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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

Managing Director, Head of Global Tactical Asset Allocation

Head of Asset Allocation and Custom Strategies for LifePath

Portfolio Manager

Literature

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