Multi Asset

BLHIX

LifePath Smart Beta 2040 Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-8.73 5.63 3.68 8.99 4.28
Benchmark (%) Index: LifePath Smart Beta 2040 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. -7.17 6.45 4.64 9.40 4.08
Morningstar Category Avg. (%) Target-Date 2040 -5.13 10.25 6.29 11.05 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 181/239 122/196 112/156 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 3 3 -
Lipper Category Avg. (%) Mixed-Asset Target 2040 Funds -7.90 5.84 4.09 9.45 -
Lipper Ranking Rankings are based on total return excluding sales charges. 166/229 115/187 102/146 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 3 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-8.73 -6.05 -10.80 -8.73 17.85 19.78 136.61 63.33
Benchmark (%) Index: LifePath Smart Beta 2040 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. -7.17 -6.17 -10.58 -7.17 20.62 25.46 145.57 59.58
Morningstar Category Avg. (%) Target-Date 2040 7.13 7.13 2.04 -5.13 34.02 35.66 185.14 -
Lipper Category Avg. (%) Mixed-Asset Target 2040 Funds -7.90 -6.09 -11.07 -7.90 18.57 22.26 147.49 -
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. The performance information for periods prior to the inception date of the share class are based on the Fund’s Class K Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Mar 15, 2019 $0.6 M
Size of Fund (Millions) as of Mar 15, 2019 $15.9 M
Share Class launch date Nov 27, 2012
Asset Class MultiAsset
Morningstar Category Target-Date 2040
Lipper Classification Mixed-Asset Target 2040 Funds
Benchmark Index LifePath Smart Beta 2040 Custom Benchmark
CUSIP 09257E803
Max Offer Price as of Mar 15, 2019 $10.58
Open to New Investors Yes
Turnover Percent as of Feb 28, 2019 59%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Feb 28, 2019 0.02
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Feb 28, 2019 $ 7,073.9 M
Best 3-Month Return Over the Last 3 Years 3 months ending May 31, 2016 9.46%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -10.80%
Fund Standard Deviation (3y) as of Feb 28, 2019 9.42
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 Jan 31, 2019 out of 186, 4,622, 187, 120 and 187 Funds, respectively in Lipper's Mixed-Asset Target 2040 Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Nov 19, 2018) ‡

Holdings

Holdings

as of Feb 28, 2019
Name Weight (%)
ISHS EDGE MSCI MULTIFACTOR USA ETF 35.40
ISHS EDG MSCI MULTIFCTR INTL ETF 17.93
ISHARES GLOBAL REIT ETF 12.31
ISHARES EDGE MSCI MIN VOL USA ETF 10.26
ISHS EDG MSCI MINVOL EAFE ETF(USD) 5.04
Name Weight (%)
BLACKROCK TOTAL FACTOR FUND- CLASS 4.94
ISHARES CORE MSCI EMERGING MARKETS 4.44
ISHARES EDGE INVESTMENT GRADE ENHA 2.97
ISHARES EDGE HIGH YIELD DEFENSIVE 2.53
ISHS EDG MSCI MULTFCT USA SMCP ETF 1.54

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2019

% of Market Value

Type Fund
Allocation subject to change
"Other" includes investments in the BlackRock Total Factor Fund (invests in equity, fixed income and other securities)
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
Co-Head of LifePath

   

Andrew Ang
Head of Factor Investing Strategies

   

Ked Hogan
Head of Investments for BlackRock’s Factor-Based Strategies Group

  

Portfolio Manager

Literature

Literature

 

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