Multi Asset

LIRKX

LifePath Index Retirement Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
-15.20 0.58 2.62 4.24
Benchmark (%) -15.05 0.62 2.68 4.35
Morningstar Category Avg. (%) -12.74 0.24 1.99 3.29
Morningstar Ranking 144/161 31/145 23/127 6/81
Morningstar Quartile 4 1 1 1
Lipper Category Avg. (%) -12.58 0.27 2.06 3.33
Lipper Ranking 136/151 42/135 36/120 15/73
Lipper Quartile 4 2 2 1
  YTD 1m 3m 1y 3y 5y 10y
-15.20 -2.33 4.75 -15.20 1.75 13.80 51.50
Benchmark (%) -15.05 -1.90 4.88 -15.05 1.86 14.12 53.14
Morningstar Category Avg. (%) -12.74 -1.82 4.09 -12.74 0.73 10.35 38.17
Lipper Category Avg. (%) -12.58 -1.74 4.20 -12.58 0.83 10.79 39.17
  2018 2019 2020 2021 2022
Total Return (%) -3.51 15.90 12.22 6.92 -15.20
Benchmark (%) -3.47 16.05 12.00 7.06 -15.05
Morningstar Category Avg. (%) -3.16 12.85 9.03 5.51 -12.74
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

Key Facts

Size of Class (Millions) as of Mar 24, 2023 $4,774.1 M
Size of Fund (Millions) as of Mar 24, 2023 $7,239.8 M
Share Class launch date May 31, 2011
Asset Class MultiAsset
Morningstar Category Target-Date Retirement
Lipper Classification Mixed-Asset Target Today Funds
Benchmark Index BlackRock LifePath Index Retirement Custom Benchmark (USD)
CUSIP 066923806
Distribution Frequency Quarterly
Max Offer Price as of Mar 24, 2023 $12.61
Open to New Investors Yes
Turnover Percent in the Annual Report 9%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Feb 28, 2023 0.66
Fund Sharpe Ratio (3y) as of Feb 28, 2023 0.14
Effective Duration as of Feb 28, 2023 3.99 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 9.72%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -9.33%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage 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

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. 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 Feb 28, 2023 0.33%
MSCI - UN Global Compact Violators as of Feb 28, 2023 0.23%
MSCI - Nuclear Weapons as of Feb 28, 2023 0.25%
MSCI - Thermal Coal as of Feb 28, 2023 0.14%
MSCI - Civilian Firearms as of Feb 28, 2023 0.05%
MSCI - Oil Sands as of Feb 28, 2023 0.11%
MSCI - Tobacco as of Feb 28, 2023 0.31%

Business Involvement Coverage as of Feb 28, 2023 50.49%
Percentage of Fund not covered as of Feb 28, 2023 49.51%
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 0.37% and for Oil Sands 1.04%.

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.14%
Net Expense Ratio 0.09%

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for LifePath Index Retirement Fund, Class K, as of Feb 28, 2023 rated against 139 Target-Date Retirement Funds based on risk adjusted total return.

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 Feb 28, 2023 out of 129, 4,420, 129, 81 and 129 Funds, respectively in Lipper's Mixed-Asset Target Today Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Gold
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Dec 20, 2022)

Holdings

Holdings

as of Feb 28, 2023
Name Weight (%)
BLACKROCK RUSSELL 1000 INDEX FUND 20.70
iShares U.S. Int Gov Bnd Idx Fd 19.22
iShares U.S. Secur Bond Index Fd 15.59
ISHARES MSCI TOTAL INTL STOCK ETF 13.72
ISHARES TIPS BOND ETF 7.96
Name Weight (%)
iShares U.S Int Credit Bd Idx Fd 7.30
iShares U.S. Lg Gov Bnd Index Fd 6.57
BLACKROCK SMALL CAP INDEX FUND 3.27
iShares U.S. Lg Credit Bd Idx Fd 3.26
ISHARES DEVELOPD RL ESTAT CL K 2.24

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2023

% of Market Value

Type Fund
as of Feb 28, 2023

% 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.
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Portfolio Managers

Portfolio Managers

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Lisa O'Connor
Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions

  

Greg Savage
Head of Americas Index Asset Allocation

   

Paul Whitehead
Paul Whitehead
Portfolio Manager

Literature

Literature

 

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