Multi Asset

LPRRX

LifePath Dynamic Retirement Fund

How To Buy
  • NAV as of Jun 01, 2023 $9.44
    52 WK: 8.48 - 9.63
  • 1 Day NAV Change as of Jun 01, 2023 0.06 (0.64%)

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 25+ years of target date fund experience

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

Performance

Growth of Hypothetical $10,000

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Cum. Fund Perf. Since Inception: 298.80

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 Income ST Cap Gains LT Cap Gains Return of Capital

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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.



  1y 3y 5y 10y
Total Return (%) -5.48 5.79 3.61 3.90
Benchmark (%) -6.18 4.90 3.79 4.14
Morningstar Category Avg. (%) -4.90 3.87 2.94 3.40
Morningstar Ranking 108/156 12/139 22/122 19/81
Morningstar Quartile 3 1 1 2
Lipper Category Avg. (%) -4.89 4.24 3.00 3.45
Lipper Ranking 103/146 21/129 33/115 26/73
Lipper Quartile 3 1 2 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 4.82 2.54 4.82 -5.48 18.39 19.40 46.61
Benchmark (%) 4.44 2.32 4.44 -6.18 15.42 20.46 50.07
Morningstar Category Avg. (%) 3.88 2.11 3.88 -4.90 12.08 15.57 39.70
Lipper Category Avg. (%) 3.79 2.03 3.79 -4.89 13.35 15.98 40.80
  2018 2019 2020 2021 2022
Total Return (%) -4.11 16.24 12.41 6.41 -15.25
Benchmark (%) -3.45 16.06 12.00 7.06 -15.07
Morningstar Category Avg. (%) -3.16 12.85 9.03 5.51 -12.74

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 Jun 01, 2023 $5.0 M
Size of Fund (Millions) as of Jun 01, 2023 $201.6 M
Share Class launch date May 03, 2010
Asset Class MultiAsset
Morningstar Category Target-Date Retirement
Lipper Classification Mixed-Asset Target Today Funds
Benchmark Index BlackRock LifePath Dynamic Retirement Custom Benchmark (USD)
CUSIP 066922469
Distribution Frequency Quarterly
Max Offer Price as of Jun 01, 2023 $9.44
Open to New Investors Yes
Turnover Percent in the Annual Report 7%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Apr 30, 2023 0.68
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 8.91%
Fund Sharpe Ratio (3y) as of Apr 30, 2023 0.32
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -9.48%
Fund Standard Deviation (3y) as of Apr 30, 2023 10.66
Effective Duration as of Apr 28, 2023 3.53 yrs
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% (or 50% for bond funds and money market funds) 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. 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 Apr 28, 2023 0.31%
MSCI - UN Global Compact Violators as of Apr 28, 2023 0.46%
MSCI - Nuclear Weapons as of Apr 28, 2023 0.22%
MSCI - Thermal Coal as of Apr 28, 2023 0.29%
MSCI - Civilian Firearms as of Apr 28, 2023 0.01%
MSCI - Oil Sands as of Apr 28, 2023 0.02%
MSCI - Tobacco as of Apr 28, 2023 0.64%
Business Involvement Coverage as of Apr 28, 2023 43.85%
Percentage of Fund not covered as of Apr 28, 2023 56.15%
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 0.59% and for Oil Sands 0.64%.

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 1.26%
Net Expense Ratio 1.25%

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 Apr 30, 2023 out of 129, 4,430, 129, 87 and 129 Funds, respectively in Lipper's Mixed-Asset Target Today Funds classification.

Holdings

Holdings

as of Apr 28, 2023
Name Weight (%)
DIVERSIFIED FIXED INCOME FUN CL 32.47
Diversified Equity 22.75
ADVANTAGE COREALPHA BOND MSTR 13.55
ISHARES TIPS BOND ETF 8.05
INTL TILTS MASTER 7.65
Name Weight (%)
BLK TACTICAL OPPORTUNITIES CLASS K 5.13
ISHARES MSCI EAFE SMALL-CAP ETF 2.64
ADVANTAGE EMERGING MARKETS F INVK 2.47
HIGH YIELD BOND FUND CLASS K 1.17
ISHARES DEVELOPD RL ESTAT CL K 0.14

Exposure Breakdowns

Exposure Breakdowns

as of Apr 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.

Portfolio Managers

Portfolio Managers

Philip Green
Philip Green
Head of Global Tactical Asset Allocation Team

  

Read More

Phil Green, Managing Director, is head of the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions 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.  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.

Christopher Chung
Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Read More

Christopher Chung, CFA, Director, is the Head of Asset Allocation and Custom Strategies for LifePath. Mr. Chung's service dates back to 2008, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. As a Senior Portfolio Manager within the Multi-Asset Strategies & Solutions (MASS) group Mr. Chung is responsible for the design, implementation, and oversight of multi-asset Defined Contribution and 529 strategies.

 

At BGI, he was a portfolio manager within the BlackRock Multi-Asset Client Solutions (BMACS) Group focusing on the development and implementation of both target-date and college savings strategies. Prior to joining BGI, Mr. Chung was a Senior Manager within the Portfolio Management and Analytics Group at American Express. Mr.Chung started his career as a research professional at the Center for Interuniversity Research and Analysis of Organizations (CIRANO) in Montreal, Canada.

 

Mr. Chung earned a BBE degree in financial economics from Brock University and a MA degree in economics from Concordia University. Mr. Chung is a CFA charterholder.

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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