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BlackRock LifePath ESG Index 2050 Fund

mutual fund
LEGIX
Payout Change
Pending
Price as of:
$14.75 +0.0 +0.0%
primary theme
Target-Date 2050
LEGIX (Mutual Fund)

BlackRock LifePath ESG Index 2050 Fund

Payout Change
Pending
Price as of:
$14.75 +0.0 +0.0%
primary theme
Target-Date 2050
LEGIX (Mutual Fund)

BlackRock LifePath ESG Index 2050 Fund

Payout Change
Pending
Price as of:
$14.75 +0.0 +0.0%
primary theme
Target-Date 2050

Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.75

$7.88 M

0.72%

$0.11

0.96%

Vitals

YTD Return

18.9%

1 yr return

24.0%

3 Yr Avg Return

6.9%

5 Yr Avg Return

N/A

Net Assets

$7.88 M

Holdings in Top 10

144.3%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.75

$7.88 M

0.72%

$0.11

0.96%

LEGIX - Profile

Distributions

  • YTD Total Return 18.9%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock LifePath ESG Index 2050 Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Aug 18, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

LifePath ESG Index 2050 Fund allocates and reallocates its assets among a combination of equity and bond index funds, including those that seek to maximize exposure to companies with higher environmental, social and governance (“ESG”) ratings as measured by MSCI, Inc., and money market funds (the “Underlying Funds”) in proportions based on its own comprehensive investment strategy.
The Fund seeks to provide for retirement outcomes based on quantitatively measured risk. BFA employs a multi-dimensional approach to assess risk for the Fund and to determine the Fund’s allocation across asset classes. As part of this multi-dimensional approach, BFA aims to quantify risk using proprietary risk measurement tools that, among other things, analyze historical and forward-looking securities market data, including risk, asset class correlations, and expected returns. Under normal circumstances, the Fund intends to invest primarily in affiliated open‑end index funds and affiliated exchange-traded funds (“ETFs”).
A majority of the Fund’s assets will be invested in Underlying Funds that seek to track an index composed of companies that have positive ESG characteristics, as determined by the index provider, while exhibiting risk and return characteristics similar to its parent index (“Underlying iShares ESG Funds”). The index provider constructs the underlying indexes that the Underlying iShares ESG Funds seek to track by first screening out companies involved in certain business, such as tobacco, controversial weapons and firearms, and then rating companies based on relative exposure to sector-specific key issues across environmental, social and governance factors to optimize positive ESG exposure within each sector, while maintaining target tracking error to the parent index. While the index provider considers environmental, social and governance factors, companies included in the underlying index may exhibit positive characteristics in only one or two of these categories. The Fund, indirectly through its investments in certain Underlying Funds (other than the Underlying iShares ESG Funds), may have exposure to investments that generally would be screened out based on certain ESG standards. With respect to the selection of the Underlying iShares ESG Funds, BFA considers the risk and return characteristics of such funds against other funds that seek to track an index of securities within the same asset class, including other ESG‑oriented indexes.
Under normal circumstances, the Fund will invest, indirectly through investments in the Underlying Funds, at least 80% of its assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in its custom benchmark index, the LifePath ESG Index 2050 Fund Custom Benchmark. The Fund is designed for investors expecting to retire or to begin withdrawing assets around the year 2050. Each Underlying Fund seeks to track the investment results of a particular index, which comprises a portion of the LifePath ESG Index 2050 Fund Custom Benchmark. The Fund seeks to allocate assets to each Underlying Fund to obtain exposure that approximates the weighting of the corresponding index within the LifePath ESG Index 2050 Fund Custom Benchmark. As of January 31, 2024, the Fund held approximately 95% of its assets in Underlying Funds designed to track particular equity indexes, approximately 4% of its assets in Underlying Funds designed to track particular bond indexes and the remainder of its assets in cash and Underlying Funds that invest primarily in money market instruments. Certain Underlying Funds may invest in real estate investment trusts (“REITs”), foreign securities, emerging market securities and derivative securities or instruments, such as options and futures, the value of which is derived from another security, a currency or an index, when seeking to match the performance of a particular market index. The Fund and certain Underlying Funds may also lend securities with a value up to 331/3% of their respective total assets to financial institutions that provide cash or securities issued or guaranteed by the U.S. Government as collateral.
Under normal circumstances, the asset allocation will change over time according to a predetermined “glidepath” as the Fund approaches its target date. The glidepath represents the shifting of asset classes over time. The glidepath allocations become more conservative as time elapses and reaches its most conservative allocation at retirement.
LifePath ESG Index 2050 Fund is one of a group of funds referred to as the “LifePath ESG Index Funds,” each of which seeks to provide for retirement outcomes based on quantitatively measured risk that investors on average may be
willing to accept given a particular time horizon. The following chart illustrates the glidepath — the target allocation among asset classes as the LifePath ESG Index Funds approach their target dates:
The following table lists the target allocation by years until retirement:
Years Until Retirement    Equity Funds(includes REITs) Fixed‑IncomeFunds
      45
   99 % 1 %
      40
   99 % 1 %
      35
   99 % 1 %
      30
   96 % 4 %
      25
   89 % 11 %
      20
   79 % 21 %
      15
   68 % 32 %
      10
   56 % 44 %
         5
   43 % 57 %
         0
   40 % 60 %
The asset allocation targets are established by the portfolio managers and the lifecycle investment team. The investment team meets regularly to assess market conditions, review the asset allocation targets of the Fund, and determine whether any changes are required to enable the Fund to achieve its investment objective.
Although the asset allocation targets listed for the glidepath are general, long-term targets, BFA may periodically adjust the proportion of equity index funds and fixed-income index funds in the Fund, based on an assessment of the current market conditions, the potential contribution of each asset class to the expected risk and return characteristics of the Fund, reallocations of Fund composition to reflect intra-year movement along the glidepath and other factors. In general, such adjustments will be limited; however, BFA may determine that a greater degree of variation is warranted to protect the Fund or achieve its investment objective.
BFA’s second step in the structuring of the Fund is the selection of the Underlying Funds. Factors such as index construction methodology, fund classifications, historical risk and performance, and the relationship to other Underlying Funds in the Fund are considered when selecting Underlying Funds. The specific Underlying Funds selected for the Fund are determined at BFA’s discretion and may change as deemed appropriate to allow the Fund to meet its investment objective. See the “Details About the Funds — Information About the Underlying Funds” section of the prospectus for a list of the Underlying Funds, their classification into equity, fixed income or money market funds and a brief description of their investment objectives and primary investment strategies, including ESG criteria applicable to the Underlying iShares ESG Funds.
Within the prescribed percentage allocations to equity and fixed-income index funds, BFA seeks to diversify the Fund. The allocation to Underlying Funds that track equity indexes may be further diversified by style (including both value and growth), market capitalization (including both large cap and small cap), region (including domestic and international (including emerging markets)) or other factors, including ESG characteristics. The allocation to Underlying Funds that track fixed-income indexes may be further diversified by sector (including government, corporate, agency,
and other sectors), duration (a calculation of the average life of a bond which measures its price risk), credit quality, geographic location (including U.S. and foreign-issued securities), or other factors, including ESG characteristics. The Fund does not invest in Underlying Funds that principally invest in non-investment grade bonds (commonly called "high yield" or "junk" bonds). The percentage allocation to the various styles of equity and fixed-income Underlying Funds is determined at the discretion of the investment team and can be changed to reflect the current market environment.
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LEGIX - Performance

Return Ranking - Trailing

Period LEGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.9% 13.7% 29.8% 34.57%
1 Yr 24.0% 18.1% 29.3% 27.66%
3 Yr 6.9%* 1.1% 9.0% 18.18%
5 Yr N/A* 6.6% 12.0% N/A
10 Yr N/A* 6.1% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period LEGIX Return Category Return Low Category Return High Rank in Category (%)
2023 18.2% 10.2% 21.3% 20.86%
2022 -20.2% -67.5% -15.9% 18.18%
2021 16.8% -7.8% 20.4% 2.81%
2020 N/A 4.0% 15.5% N/A
2019 N/A 7.4% 23.2% N/A

Total Return Ranking - Trailing

Period LEGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.9% 13.7% 29.8% 34.57%
1 Yr 24.0% 18.1% 29.3% 27.66%
3 Yr 6.9%* 1.1% 9.0% 18.18%
5 Yr N/A* 6.6% 12.0% N/A
10 Yr N/A* 6.1% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period LEGIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.8% 13.0% 37.6% 33.16%
2022 -17.3% -29.3% -2.1% 40.11%
2021 20.7% 8.7% 22.0% 7.30%
2020 N/A 7.1% 23.1% N/A
2019 N/A 20.2% 41.5% N/A

NAV & Total Return History


LEGIX - Holdings

Concentration Analysis

LEGIX Category Low Category High LEGIX % Rank
Net Assets 7.88 M 7.88 M 75.9 B 98.94%
Number of Holdings 12 3 591 68.62%
Net Assets in Top 10 11.4 M 10 M 77.4 B 97.87%
Weighting of Top 10 144.26% 40.6% 144.3% 0.54%

Top 10 Holdings

  1. iShares ESG Aware MSCI USA ETF 52.65%
  2. BlackRock Cash Funds: Institutional, SL Agency Shares 45.40%
  3. iShares ESG Aware MSCI EAFE ETF 17.96%
  4. iShares ESG Aware MSCI EM ETF 7.81%
  5. iShares ESG Aware MSCI USA Small-Cap ETF 6.35%
  6. iShares Developed Real Estate Index Fund 4.45%
  7. iShares ESG Aware U.S. Aggregate Bond ETF 3.24%
  8. iShares MSCI EAFE Small-Cap ETF 2.92%
  9. iShares MSCI Canada ETF 2.15%
  10. iShares MSCI Emerging Markets Small-Cap ETF 1.33%

Asset Allocation

Weighting Return Low Return High LEGIX % Rank
Stocks
100.10% 0.00% 100.10% 0.53%
Cash
45.45% 0.00% 45.45% 0.53%
Convertible Bonds
0.02% 0.00% 0.93% 81.38%
Preferred Stocks
0.00% 0.00% 0.03% 2.13%
Other
0.00% -0.01% 3.76% 27.13%
Bonds
0.00% 0.00% 9.07% 29.79%

Stock Sector Breakdown

Weighting Return Low Return High LEGIX % Rank
Technology
18.84% 14.07% 24.11% 48.94%
Financial Services
14.79% 12.80% 18.83% 57.98%
Healthcare
11.38% 10.42% 14.66% 88.83%
Industrials
11.04% 9.14% 12.45% 33.51%
Consumer Cyclical
10.77% 8.06% 13.35% 71.28%
Real Estate
8.40% 1.86% 10.17% 12.23%
Communication Services
6.67% 5.69% 10.23% 68.62%
Consumer Defense
6.66% 4.68% 11.06% 54.26%
Basic Materials
4.63% 3.22% 6.86% 57.98%
Energy
4.32% 2.33% 6.54% 57.45%
Utilities
2.51% 1.90% 8.12% 59.04%

Stock Geographic Breakdown

Weighting Return Low Return High LEGIX % Rank
US
100.10% 0.00% 100.10% 0.53%
Non US
0.00% 0.00% 38.35% 9.57%

LEGIX - Expenses

Operational Fees

LEGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 16.02% 41.49%
Management Fee 0.05% 0.00% 0.90% 30.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.29% 73.17%

Sales Fees

LEGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LEGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LEGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 1.00% 110.00% 9.36%

LEGIX - Distributions

Dividend Yield Analysis

LEGIX Category Low Category High LEGIX % Rank
Dividend Yield 0.72% 0.00% 5.32% 52.66%

Dividend Distribution Analysis

LEGIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

LEGIX Category Low Category High LEGIX % Rank
Net Income Ratio 1.68% -0.36% 4.43% 21.86%

Capital Gain Distribution Analysis

LEGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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LEGIX - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Christopher Chung


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

Director of BlackRock, Inc. since 2015; Vice President of BlackRock, Inc. from 2011 to 2014; Associate of BlackRock, Inc. from 2009 to 2010; Associate of Barclays Global Investors from 2008 to 2009; Senior Manager of American Express from 2004 to 2008; research professional at the Center for Interuniversity Research and Analysis of Organizations (CIRANO) from 2002 to 2006.

Lisa O'Connor


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

Lisa O'Connor is the Global Head of Investments for the LifePath and Model Portfolio Solutions team within the Multi-Asset Strategies group. The team is responsible for the development and management of strategic and tactical asset allocation models. Prior to joining BlackRock in April 2017 - Ms. O'Connor served as the Head of Global Portfolio Management for SSGA's Global Macro fund. The fund utilized both proprietary quantitative and fundamental strategies for alpha generation. Ms. O'Connor was named one of the 50 leading women in hedge funds by the Hedge Fund Journal in 2015. Lisa Mears O’Connor,Managing Director of BlackRock since 2017, Investment Head for the Model Portfolio Solutions group. Previously, Ms. O'Connor was a Managing Director and Head of Global Portfolio Management of State Street Global Advisors from 2013 to 2017 and a Managing Director of Mellon Capital Management from 2001 to 2013.She received her M.B.A from the University of California at Berkeley in 2002. Ms. Mears O’Connor has attained the Chartered Financial Analyst (“CFA”) designation in 1998. Ms. Mears O’Connor has over 17 years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.09 5.68 2.41