Multi Asset

LPDCX

LifePath Dynamic 2060 Fund

How to Buy
  • NAV as of Jan 27, 2025 $14.77
    52 WK: 13.09 - 15.75
  • 1 Day NAV Change as of Jan 27, 2025 -0.20 (-1.34%)
  • NAV Total Return as of Jan 27, 2025 YTD: 2.71%

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.

Loading

Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%)

as of Dec 31, 2024

15.90 4.16 8.39 - 8.66
Return w/ Sales Charge (%)

as of Dec 31, 2024

14.90 4.16 8.39 - 8.66
Benchmark (%)

as of Dec 31, 2024

16.37 4.91 9.58 - 9.89
Morningstar Category Avg. (%)

as of Dec 31, 2024

14.58 4.01 8.93 - -
Morningstar Ranking

as of Dec 31, 2024

25/199 58/188 116/159 - -
Morningstar Quartile

as of Dec 31, 2024

1 2 4 - -
Lipper Ranking

as of Dec 31, 2024

25/188 56/177 107/149 - -
Lipper Quartile

as of Dec 31, 2024

1 2 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of Dec 31, 2024

15.90 -3.55 -2.04 15.90 13.01 49.59 - 87.88
Return w/ Sales Charge (%)

as of Dec 31, 2024

14.90 -4.47 -2.98 14.90 13.01 49.59 - 87.88
Benchmark (%)

as of Dec 31, 2024

16.37 -2.85 -1.26 16.37 15.46 57.98 - 104.50
Morningstar Category Avg. (%)

as of Dec 31, 2024

14.58 -3.31 -1.65 14.58 12.52 53.36 - -
  2020 2021 2022 2023 2024
Total Return (%) 13.16 16.98 -19.48 21.09 15.90
Annual w/ Sales Charge (%) 12.16 15.98 -20.28 20.09 14.90
Benchmark (%) 15.18 18.79 -18.40 21.58 16.37
Morningstar Category Avg. (%) 15.52 17.47 -18.08 19.96 14.58

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 Jan 27, 2025
$99.1 M
Share Class launch date
May 31, 2017
Benchmark Index
BlackRock LifePath Dynamic 2060 Custom Benchmark (USD)
Morningstar Category
Target-Date 2060
CUSIP
066923418
Open to New Investors
No
Size of Class (Millions)
as of Jan 27, 2025
$0.1 M
Asset Class
Multi Asset
Distribution Frequency
Annual
Lipper Classification
Mixed-Asset Target 2060 Fds
Max Offer Price
as of Jan 27, 2025
$14.77
Turnover Percent in the Annual Report
as of Dec 31, 2023
3%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y)
as of Aug 31, 2020
99.63
Fund Standard Deviation (3y)
as of Aug 31, 2020
16.86
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
15.20%
Fund Sharpe Ratio (3y)
as of Aug 31, 2020
0.41
Effective Duration
as of Dec 31, 2024
0.20 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-15.28%
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 Dec 31, 2024
0.31%
MSCI - Nuclear Weapons
as of Dec 31, 2024
0.18%
MSCI - Civilian Firearms
as of Dec 31, 2024
0.07%
MSCI - Tobacco
as of Dec 31, 2024
0.40%
MSCI - UN Global Compact Violators
as of Dec 31, 2024
0.22%
MSCI - Thermal Coal
as of Dec 31, 2024
0.40%
MSCI - Oil Sands
as of Dec 31, 2024
0.18%
Business Involvement Coverage
as of Dec 31, 2024
80.64%
Percentage of Fund not covered
as of Dec 31, 2024
19.36%
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 0.57% and for Oil Sands 0.83%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.97%
Net Expense Ratio 1.59%

Net Expense Ratio excluding Investment Related Expenses is 1.59%

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

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 Dec 31, 2024 out of 177, 4,406, 177, 12 and 177 Funds, respectively in Lipper's Mixed-Asset Target 2060 Fds classification.

Holdings

Holdings

as of Dec 31, 2024
Name Weight (%)
Diversified Equity 52.38
INTL TILTS MASTER 8.83
ISHARES MSCI CANADA ETF 2.71
ISHARES MSCI EAFE SMALL-CAP ETF 2.04
BLK TACTICAL OPPORTUNITIES CLASS K 1.60
Name Weight (%)
ADVANTAGE EMERGING MARKETS F INVK 1.36
ISHARES RUSSELL 2000 ETF 0.71
BLK REAL ESTATE SEC FND INST CLASS 0.52
ISHARES MSCI EAFE ETF 0.46
ISHARES IBOXX $ INV GRADE CORPORAT 0.19
Name Market Value Weight (%) Shares
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

Type Fund
as of Dec 31, 2024

% Notional Value

Type Fund Benchmark Net
as of Dec 31, 2024

% Notional Value

Type Fund Benchmark Net
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, Multi-Asset Strategies & Solutions

  

Read More

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
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.

Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio
Learn More Learn More

Discuss with your financial planner today

Share this fund with your financial planner to find out how it can fit in your portfolio.

Buy through your brokerage

BlackRock funds are also available through certain brokerage accounts. Visit your brokerage today to see how you can get started.

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”).

©2020 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

USR-9694