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BlackRock LifePath ESG Index Retirement Fund
mutual fund
LERIX
Payout Change
Pending
Price as of:
$10.57
+0.02
+0.19%
primary theme
Target Date
share class
LERIX (Mutual Fund)
BlackRock LifePath ESG Index Retirement Fund
Payout Change
Pending
Price as of:
$10.57
+0.02
+0.19%
primary theme
Target Date
share class
LERIX (Mutual Fund)
BlackRock LifePath ESG Index Retirement Fund
Payout Change
Pending
Price as of:
$10.57
+0.02
+0.19%
primary theme
Target Date
share class
Name
As of 10/11/2024Price
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
Vitals
YTD Return
8.7%
1 yr return
18.2%
3 Yr Avg Return
1.7%
5 Yr Avg Return
N/A
Net Assets
$3.58 M
Holdings in Top 10
124.2%
52 WEEK LOW AND HIGH
$10.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
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 10/11/2024Price
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
LERIX - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.57%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBlackRock LifePath ESG Index Retirement Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateAug 18, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
LifePath ESG Index Retirement 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 Retirement Fund Custom Benchmark. The Fund is designed for investors expecting to retire or to begin withdrawing assets now or in the near future. Each Underlying Fund seeks to track the investment results of a particular index, which comprises a portion of the LifePath ESG Index Retirement 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 Retirement Fund Custom Benchmark. As of January 31, 2024, the Fund held approximately 38% of its assets in Underlying Funds designed to track particular equity indexes, approximately 57% 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.
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.
The Fund’s selection of 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 Fund’s selection of 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. Because the Fund is in its most conservative phase, its allocation generally does not become more conservative over time, although its allocation may change to maintain the Fund’s risk profile.
LERIX - Performance
Return Ranking - Trailing
| Period | LERIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | 0.5% | 13.8% | 32.62% |
| 1 Yr | 18.2% | 1.6% | 20.4% | 22.46% |
| 3 Yr | 1.7%* | -7.9% | 5.1% | 36.56% |
| 5 Yr | N/A* | -6.2% | 6.5% | N/A |
| 10 Yr | N/A* | 2.0% | 5.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LERIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.8% | -9.8% | 12.8% | 8.60% |
| 2022 | -17.4% | -38.3% | -3.8% | 65.05% |
| 2021 | 4.5% | -9.1% | 10.3% | 7.61% |
| 2020 | N/A | -13.4% | 12.6% | N/A |
| 2019 | N/A | -1.1% | 13.9% | N/A |
Total Return Ranking - Trailing
| Period | LERIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | 0.5% | 13.8% | 32.62% |
| 1 Yr | 18.2% | 1.6% | 20.4% | 22.46% |
| 3 Yr | 1.7%* | -7.9% | 5.1% | 36.56% |
| 5 Yr | N/A* | -6.2% | 6.5% | N/A |
| 10 Yr | N/A* | 2.0% | 5.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LERIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | -9.8% | 15.4% | 20.43% |
| 2022 | -13.8% | -16.9% | -2.9% | 74.73% |
| 2021 | 8.2% | -3.8% | 10.3% | 15.76% |
| 2020 | N/A | -13.4% | 16.6% | N/A |
| 2019 | N/A | 4.7% | 25.2% | N/A |
NAV & Total Return History
LERIX - Holdings
Concentration Analysis
| LERIX | Category Low | Category High | LERIX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.58 M | 3.58 M | 36.3 B | 98.93% |
| Number of Holdings | 12 | 2 | 1380 | 74.87% |
| Net Assets in Top 10 | 4.44 M | 2.94 M | 35.5 B | 97.86% |
| Weighting of Top 10 | 124.15% | 4.6% | 124.2% | 0.56% |
Top 10 Holdings
- iShares ESG Aware U.S. Aggregate Bond ETF 51.97%
- BlackRock Cash Funds: Institutional, SL Agency Shares 24.57%
- iShares ESG Aware MSCI USA ETF 22.23%
- iShares TIPS Bond ETF 7.87%
- iShares ESG Aware MSCI EAFE ETF 7.05%
- iShares ESG Aware MSCI USA Small-Cap ETF 3.15%
- iShares ESG Aware MSCI EM ETF 3.04%
- iShares Developed Real Estate Index Fund 2.29%
- iShares MSCI EAFE Small-Cap ETF 1.15%
- iShares MSCI Canada ETF 0.84%
Asset Allocation
| Weighting | Return Low | Return High | LERIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.11% | 0.00% | 100.15% | 4.28% |
| Cash | 24.78% | -24.70% | 53.61% | 3.74% |
| Convertible Bonds | 0.71% | 0.00% | 6.56% | 53.48% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 67.91% |
| Other | 0.00% | 0.00% | 5.62% | 70.59% |
| Bonds | 0.00% | 0.00% | 109.30% | 81.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LERIX % Rank | |
|---|---|---|---|---|
| Technology | 18.21% | 16.20% | 25.61% | 48.67% |
| Financial Services | 14.21% | 11.53% | 20.26% | 68.00% |
| Healthcare | 11.63% | 6.38% | 14.87% | 60.00% |
| Industrials | 11.49% | 7.75% | 12.84% | 22.00% |
| Consumer Cyclical | 10.85% | 4.61% | 13.00% | 44.00% |
| Real Estate | 9.61% | 1.86% | 19.30% | 19.33% |
| Consumer Defense | 6.52% | 4.27% | 8.57% | 44.00% |
| Communication Services | 6.24% | 4.20% | 8.42% | 74.00% |
| Basic Materials | 4.46% | 2.71% | 8.17% | 58.00% |
| Energy | 4.31% | 2.88% | 13.48% | 62.67% |
| Utilities | 2.47% | 1.85% | 8.79% | 78.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LERIX % Rank | |
|---|---|---|---|---|
| US | 100.11% | 0.00% | 100.15% | 4.28% |
| Non US | 0.00% | 0.00% | 17.40% | 69.52% |
LERIX - Expenses
Operational Fees
| LERIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.05% | 13.27% | 18.28% |
| Management Fee | 0.05% | 0.00% | 0.79% | 29.71% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.20% | 0.01% | 0.29% | 68.57% |
Sales Fees
| LERIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| LERIX 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.
| LERIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 0.00% | 121.26% | 25.48% |
LERIX - Distributions
Dividend Yield Analysis
| LERIX | Category Low | Category High | LERIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.62% | 0.00% | 9.37% | 75.94% |
Dividend Distribution Analysis
| LERIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| LERIX | Category Low | Category High | LERIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.57% | -0.06% | 5.71% | 58.86% |
Capital Gain Distribution Analysis
| LERIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 02, 2024 | $0.171 | OrdinaryDividend |
| Dec 22, 2023 | $0.104 | OrdinaryDividend |
| Sep 29, 2023 | $0.062 | OrdinaryDividend |
| Jun 30, 2023 | $0.067 | OrdinaryDividend |
| Mar 31, 2023 | $0.027 | OrdinaryDividend |
| Dec 23, 2022 | $0.075 | OrdinaryDividend |
| Sep 30, 2022 | $0.058 | OrdinaryDividend |
| Jun 30, 2022 | $0.073 | OrdinaryDividend |
| Mar 31, 2022 | $0.011 | OrdinaryDividend |
| Dec 31, 2021 | $0.215 | OrdinaryDividend |
| Sep 30, 2021 | $0.040 | OrdinaryDividend |
| Jun 30, 2021 | $0.053 | OrdinaryDividend |
| Mar 31, 2021 | $0.017 | OrdinaryDividend |
| Dec 31, 2020 | $0.061 | OrdinaryDividend |
| Sep 30, 2020 | $0.013 | OrdinaryDividend |
LERIX - 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.
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.
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.
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 | 17.59 | 6.48 | 3.75 |
