Multi Asset

LIKIX

LifePath Index 2040 Fund

  • NAV as of Mar 26, 2025 $20.66
    52 WK: 18.75 - 21.76
  • 1 Day NAV Change as of Mar 26, 2025 -0.18 (-0.86%)
  • NAV Total Return as of Mar 26, 2025 YTD: 1.08%

Overview

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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 12.61 3.18 7.76 8.05
Benchmark (%) 12.74 3.24 7.82 8.09
Morningstar Category Avg. (%) 12.53 3.12 7.87 7.76
Morningstar Ranking 118/203 89/192 97/166 44/112
Morningstar Quartile 3 2 3 2
Lipper Category Avg. (%) 12.84 3.23 7.84 7.74
Lipper Ranking 119/202 96/191 90/160 42/103
Lipper Quartile 3 2 3 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 12.61 -3.04 -1.91 12.61 9.84 45.30 116.94
Benchmark (%) 12.74 -2.80 -1.92 12.74 10.05 45.69 117.68
Morningstar Category Avg. (%) 12.53 -2.99 -1.78 12.53 9.64 46.04 111.09
Lipper Category Avg. (%) 12.84 -2.97 -1.77 12.84 10.02 45.94 111.32
  2020 2021 2022 2023 2024
Total Return (%) 14.04 15.99 -17.70 18.52 12.61
Benchmark (%) 14.12 16.00 -17.62 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.
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Key Facts

Key Facts

Size of Fund (Millions)
as of Mar 26, 2025
$12,833.2 M
Share Class launch date
May 31, 2011
Benchmark Index
BlackRock LifePath Index 2040 Custom Benchmark (USD)
Morningstar Category
Target-Date 2040
CUSIP
066923749
Open to New Investors
Yes
Size of Class (Millions)
as of Mar 26, 2025
$733.1 M
Asset Class
Multi Asset
Distribution Frequency
Annual
Lipper Classification
Mixed-Asset Target 2040 Funds
Max Offer Price
as of Mar 26, 2025
$20.66
Turnover Percent in the Annual Report
as of Dec 31, 2023
7%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y)
as of Feb 28, 2025
99.79
Fund Standard Deviation (3y)
as of Feb 28, 2025
14.95
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
13.88%
Fund Sharpe Ratio (3y)
as of Feb 28, 2025
0.23
Effective Duration
as of -
-
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-13.74%
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 0.19%
Net Expense Ratio 0.14%

Net Expense Ratio excluding Investment Related Expenses is 0.14%

  • Acquired Fund Fees and Expenses 0.05%
  • Interest expense 0.00%

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Dec 11, 2024)
Analyst-Driven % as of Dec 11, 2024
100.00
Data Coverage % as of Dec 11, 2024
100.00

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 Feb 28, 2025 out of 184, 4,308, 184, 109 and 184 Funds, respectively in Lipper's Mixed-Asset Target 2040 Funds classification.

Holdings

Holdings

as of Feb 28, 2025
Name Weight (%)
BLACKROCK RUSSELL 1000 INDEX FUND 43.55
ISHARES MSCI TOTAL INTL STOCK ETF 25.11
iShares U.S. Secur Bond Index Fd 6.27
iShares U.S. Int Gov Bnd Idx Fd 4.68
iShares U.S. Lg Credit Bd Idx Fd 4.23
Name Weight (%)
iShares U.S Int Credit Bd Idx Fd 4.09
iShares U.S. Lg Gov Bnd Index Fd 3.78
ISHARES FTSE NAREIT ALL EQUI AACC 3.60
BLACKROCK SMALL CAP INDEX FUND 2.03
ISHARES GLOBAL INFRASTRUCTURE ETF 1.96
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. 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 Feb 28, 2025

% of Market Value

as of Feb 28, 2025

% of Market Value

as of Feb 28, 2025

% of Market 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.

Allocations are subject to change.

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Portfolio Managers

Portfolio Managers

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.

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

   

Read More

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.

Peter Tsang
Peter Tsang
Portfolio Manager

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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.

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