Multi Asset

LIRIX

LifePath Index Retirement Fund

Overview

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Performance

Performance

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Distributions

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  1y 3y 5y 10y Incept.
12.16 7.81 7.98 - 6.36
Morningstar Category Avg. (%)

as of Dec 31, 2020

9.03 6.06 6.35 4.99 -
Morningstar Ranking

as of Dec 31, 2020

10/168 8/148 9/126 - -
Morningstar Quartile

as of Dec 31, 2020

1 1 1 - -
Lipper Category Avg. (%)

as of Dec 31, 2020

8.97 5.98 6.38 4.96 -
Lipper Ranking

as of Dec 31, 2020

9/154 11/137 10/115 - -
Lipper Quartile

as of Dec 31, 2020

1 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
12.16 2.10 6.71 12.16 25.31 46.82 - 80.70
Morningstar Category Avg. (%)

as of Dec 31, 2020

9.03 1.70 5.35 9.03 19.29 36.03 62.66 -
Lipper Category Avg. (%)

as of Dec 31, 2020

8.97 1.97 5.74 8.97 19.11 36.48 63.23 -
  2016 2017 2018 2019 2020
Total Return (%) 5.86 10.69 -3.55 15.84 12.16
Morningstar Category Avg. (%) 5.10 8.81 -3.16 12.85 9.03
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 Jan 15, 2021 $547.0 M
Size of Fund (Millions) as of Jan 15, 2021 $8,726.5 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
CUSIP 066923707
Distribution Frequency Quarterly
Max Offer Price as of Jan 15, 2021 $14.29
Open to New Investors Yes
Turnover Percent in the Annual Report 13%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Dec 31, 2020 0.09
Fund Sharpe Ratio (3y) as of Dec 31, 2020 0.78
Effective Duration as of Dec 31, 2020 3.63 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 9.70%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -7.60%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jan 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jan 07, 2021 5.9
MSCI ESG Quality Score - Peer Percentile as of Jan 07, 2021 58.60%
MSCI ESG % Coverage as of Jan 07, 2021 83.45%
Fund Lipper Global Classification as of Jan 07, 2021 Mixed Asset USD Bal - Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 07, 2021 176.09
Funds in Peer Group as of Jan 07, 2021 186
All data is from MSCI ESG Fund Ratings as of Jan 07, 2021, based on holdings as of Sep 30, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

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, 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 0.28%
MSCI - Nuclear Weapons as of Dec 31, 2020 0.03%
MSCI - Thermal Coal as of Dec 31, 2020 0.05%
MSCI - Civilian Firearms as of Dec 31, 2020 0.02%
MSCI - Oil Sands as of Dec 31, 2020 0.04%
MSCI - Tobacco as of Dec 31, 2020 0.08%

Business Involvement Coverage as of Dec 31, 2020 15.74%
Percentage of Fund not covered as of Dec 31, 2020 84.26%
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 0.28% and for Oil Sands 0.16%.

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 0.19%
Net Expense Ratio 0.14%

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for LifePath Index Retirement Fund, Class I, as of Dec 31, 2020 rated against 148 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 Nov 30, 2020 out of 137, 4,469, 137, 79 and 137 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 Jan 06, 2021)

Holdings

Holdings

as of Dec 31, 2020
Name Weight (%)
BLACKROCK BOND INDEX FUND 51.05
BLACKROCK RUSSELL 1000 INDEX FUND 22.03
ISHARES MSCI TOTAL INTL STOCK ETF 13.41
Name Weight (%)
ISHARES TIPS BOND ETF 7.81
BLACKROCK SMALL CAP INDEX FUND 3.30
ISHARES DEVELOPD RL ESTAT CL K 2.36

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2020

% of Market Value

Type Fund
as of Dec 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.
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Portfolio Managers

Portfolio Managers

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Alan Mason
Head of Americas ETF and Index Investment

   

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

  

Greg Savage
Head of Americas Index Asset Allocation

   

Amy Whitelaw
Head of Americas iShares Equity Portfolio Management

  

Portfolio Manager

Literature

Literature

 

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