Multi Asset

LPDCX

LifePath Dynamic 2060 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 Incept.
54.40 10.83 - - 11.04
53.40 10.83 - - 11.04
Benchmark (%) 55.53 12.71 - - 12.42
Morningstar Category Avg. (%) 53.66 11.88 12.79 - -
Morningstar Ranking 130/271 149/185 - - -
Morningstar Quartile 3 4 - - -
Lipper Ranking 83/188 125/159 - - -
Lipper Quartile 2 4 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
5.14 2.35 5.14 54.40 36.14 - - 49.42
4.14 1.35 4.14 53.40 36.14 - - 49.42
Benchmark (%) 5.07 2.71 5.07 55.53 43.18 - - 56.66
Morningstar Category Avg. (%) 5.30 2.56 5.30 53.66 40.06 82.53 - -
  2016 2017 2018 2019 2020
Total Return (%) - - -9.60 25.09 13.16
Morningstar Category Avg. (%) 7.81 21.27 -8.52 25.15 15.52
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 May 12, 2021 $0.1 M
Size of Fund (Millions) as of May 12, 2021 $14.6 M
Share Class launch date May 31, 2017
Asset Class MultiAsset
Morningstar Category Target-Date 2060
Lipper Classification Mixed-Asset Target 2060 Fds
Benchmark Index LifePath Dynamic Custom Benchmark - 2060
CUSIP 066923418
Distribution Frequency None
Max Offer Price as of May 12, 2021 $13.71
Open to New Investors No
Turnover Percent in the Annual Report 18%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Jan 31, 2021 0.01
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 19.22%
Fund Sharpe Ratio (3y) as of Aug 31, 2020 0.41
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -22.94%
Fund Standard Deviation (3y) as of Aug 31, 2020 16.86
Effective Duration as of Apr 30, 2021 0.09 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% 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

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 Apr 30, 2021 0.14%
MSCI - UN Global Compact Violators as of Apr 30, 2021 1.05%
MSCI - Nuclear Weapons as of Apr 30, 2021 0.11%
MSCI - Thermal Coal as of Apr 30, 2021 0.03%
MSCI - Civilian Firearms as of Apr 30, 2021 0.19%
MSCI - Oil Sands as of Apr 30, 2021 0.15%
MSCI - Tobacco as of Apr 30, 2021 0.31%

Business Involvement Coverage as of Apr 30, 2021 83.75%
Percentage of Fund not covered as of Apr 30, 2021 16.25%
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 0.63% and for Oil Sands 0.62%.

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

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

Fees

as of current prospectus
Gross Expense Ratio 2.27%
Net Expense Ratio 1.65%

Ratings

Ratings

Holdings

Holdings

as of Apr 30, 2021
Name Weight (%)
Diversified Equity 441.08
INTL TILTS MASTER 108.86
ADVANTAGE EMERGING MARKETS F INVK 100.77
ISHARES MSCI EAFE SMALL-CAP ETF 62.78
ISHARES DEVELOPD RL ESTAT CL K 41.61
Name Weight (%)
ISHARES MSCI CANADA ETF 20.49
ISHARES RUSSELL 2000 ETF 8.62
ISHARES CORE US AGGREGATE BOND ETF 5.89
COREALPHA BOND MSTR 2.57
ISHARES IBOXX $ INV GRADE CORPORAT 1.71

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2021

% 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
Managing Director, Head of Global Tactical Asset Allocation

  

Christopher Chung
Head of Asset Allocation and Custom Strategies for LifePath

  

Portfolio Manager

Literature

Literature

 

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