Multi Asset

LPREX

LifePath Dynamic 2040 Fund

  • NAV as of Apr 25, 2025 $14.27
    52 WK: 12.99 - 16.39
  • 1 Day NAV Change as of Apr 25, 2025 0.04 (0.28%)
  • NAV Total Return as of Apr 24, 2025 YTD: -0.91%
  • Morningstar Rating

Overview

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -0.35 -2.79 -0.35 6.02 18.39 86.79 110.66
Return w/ Sales Charge (%) -5.58 -7.89 -5.58 0.45 12.18 76.99 99.60
Benchmark (%) -0.22 -2.84 -0.22 6.43 15.91 81.00 109.13
Morningstar Category Avg. (%) -0.29 -2.95 -0.29 5.57 16.36 79.85 106.19
Lipper Category Avg. (%) -0.47 -3.07 -0.47 5.31 16.72 79.77 105.67
  2020 2021 2022 2023 2024
Total Return (%) 13.72 15.84 -17.32 18.90 13.63
Annual w/ Sales Charge (%) 7.75 9.76 -21.66 12.66 7.66
Benchmark (%) 14.12 16.00 -17.60 18.49 12.74
Morningstar Category Avg. (%) 14.56 15.47 -17.32 17.69 12.53

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.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$439.7 M
Share Class launch date
Apr 30, 2001
Benchmark Index
BlackRock LifePath Dynamic 2040 Custom Benchmark (USD)
Morningstar Category
Target-Date 2040
CUSIP
066922824
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 25, 2025
$135.1 M
Asset Class
Multi Asset
Distribution Frequency
Annual
Lipper Classification
Mixed-Asset Target 2040 Funds
Max Offer Price
as of Apr 25, 2025
$15.06
Turnover Percent in the Annual Report
as of Dec 31, 2024
19.00%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y)
as of Mar 31, 2025
99.40
Fund Standard Deviation (3y)
as of Mar 31, 2025
15.34
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
14.18%
Fund Sharpe Ratio (3y)
as of Mar 31, 2025
0.17
Effective Duration
as of Mar 31, 2025
0.25 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-13.54%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.10%
Net Expense Ratio 0.84%

Net Expense Ratio excluding Investment Related Expenses is 0.84%

  • Acquired Fund Fees and Expenses 0.25%
  • Interest expense 0.00%

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for LifePath Dynamic 2040 Fund, as of Mar 31, 2025 rated against 183 Target-Date 2040 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 Mar 31, 2025 out of 184, 4,310, 184, 28 and 184 Funds, respectively in Lipper's Mixed-Asset Target 2040 Funds classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
Diversified Equity 42.05
DIVERSIFIED FIXED INCOME FUN CL 15.79
INTL TILTS MASTER 9.81
ADVANTAGE EMERGING MARKETS F INVK 5.97
ISHARES MSCI EAFE SMALL-CAP ETF 5.02
Name Weight (%)
BLK TACTICAL OPPORTUNITIES CLASS K 3.35
BLK REAL ESTATE SEC FND INST CLASS 3.12
ISHARES IBOXX $ INV GRADE CORPORAT 2.95
ISHARES GLOBAL INFRASTRUCTURE ETF 1.89
ISHARES 0-5 YEAR TIPS BOND ETF 0.49
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2024

% Notional Value

as of Mar 31, 2025

% Notional Value

as of Mar 31, 2025

% Notional Value

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.

For purposes of the asset class exposure set forth above, allocations to BlackRock Tactical Opportunities Fund is included in “Fixed Income”.

Portfolio Managers

Portfolio Managers

Philip Green
Philip Green
Head of Global Tactical Asset Allocation Team, Multi-Asset Strategies and Solutions

  

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Phil Green, Managing Director, is the head of the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Phil’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, Phil was a portfolio manager at Bankers Trust Company.

Phil 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.

 

Phil 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.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

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

Michael Pensky, CFA
Michael Pensky, CFA
Portfolio Manager, Global Tactical Asset Allocation Team

   

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Michael Pensky, CFA, Managing Director, is a portfolio manager on the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Michael’s service with the firm dates back to 2012. Prior to joining BlackRock, he was a trading desk strategist in Morgan Stanley's Securitized Products Group and worked as a senior analyst in Foreign Exchange Sales & Trading at SunTrust Robinson Humphrey.

 

Michael earned BS degrees in mathematics and finance from the University of Florida and an MFE degree in financial engineering from the University of California, Berkeley.

 

Michael’s interests include top-down macro investing and multi-asset portfolio design & management. Outside of work, he enjoys playing musical instruments and running.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Portfolio Manager

Literature

Literature