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BLACKROCK LIFEPATH INDEX 2040 FUND
mutual fund
LIKKX
Payout Change
Pending
Price as of:
$21.17
+0.04
+0.19%
primary theme
Target-Date 2040
share class
LIKKX (Mutual Fund)
BLACKROCK LIFEPATH INDEX 2040 FUND
Payout Change
Pending
Price as of:
$21.17
+0.04
+0.19%
primary theme
Target-Date 2040
share class
LIKKX (Mutual Fund)
BLACKROCK LIFEPATH INDEX 2040 FUND
Payout Change
Pending
Price as of:
$21.17
+0.04
+0.19%
primary theme
Target-Date 2040
share class
Name
As of 10/08/2024Price
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
13.8%
1 yr return
25.2%
3 Yr Avg Return
5.1%
5 Yr Avg Return
9.8%
Net Assets
$12.2 B
Holdings in Top 10
99.8%
52 WEEK LOW AND HIGH
$21.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
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
LIKKX - Profile
Distributions
- YTD Total Return 13.8%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.23%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBLACKROCK LIFEPATH INDEX 2040 FUND
-
Fund Family NameBlackRock-advised Funds
-
Inception DateMay 31, 2011
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAmy Whitelaw
Fund Description
LifePath Index 2040 Fund allocates and reallocates its assets among a combination of equity and bond index funds and money market funds (the “Underlying Funds”) in proportions based on its own comprehensive investment strategy.
LifePath Index 2040 Fund seeks to provide for retirement outcomes based on quantitatively measured risk. BFA employs a multi-dimensional approach to assess risk for LifePath Index 2040 Fund and to determine LifePath Index 2040 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”).
LifePath Index 2040 Fund will invest, under normal circumstances, 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 Index 2040 Fund Custom Benchmark. LifePath Index 2040 Fund is designed for investors expecting to retire or to begin withdrawing assets around the year 2040. The Fund employs a “passive” management approach, attempting to invest in a portfolio of assets whose performance is expected to match approximately the performance of the Fund’s custom benchmark index. As of March 31, 2024, the Fund held approximately 79% of its assets in Underlying Funds designed to track particular equity indexes, approximately 21% of its assets in Underlying Funds designed to track particular bond indexes and the remainder of its assets in 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, below investment-grade bonds 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 “glide path” as the Fund approaches its target date. The glide path below represents the shifting of asset classes over time. As the glide path shows, the Fund’s asset allocations become more conservative — prior to retirement — as time elapses. This reflects the need for reduced investment risks as retirement approaches and the need for lower volatility of the Fund, which may be a primary source of income after retirement.
LifePath Index 2040 Fund is one of a group of funds referred to as the “LifePath 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 glide path — the target allocation among asset classes as the LifePath 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. The investment team, including the portfolio managers, 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 glide path 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 glide path 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 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.
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 large cap, mid cap, small cap and emerging growth), region (including domestic and international (including emerging markets)) or other factors. 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 (including non-investment grade debt or junk bonds), geographic location (including U.S. and foreign-issued securities), or other factors. Though BFA seeks to diversify the Fund, certain Underlying Funds may concentrate their investments in specific sectors or geographic regions or countries. 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.
LIKKX - Performance
Return Ranking - Trailing
| Period | LIKKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 9.4% | 21.9% | 51.32% |
| 1 Yr | 25.2% | 19.3% | 33.3% | 34.92% |
| 3 Yr | 5.1%* | -0.5% | 7.4% | 33.51% |
| 5 Yr | 9.8%* | 6.4% | 12.1% | 47.31% |
| 10 Yr | 8.7%* | 5.7% | 9.6% | 34.31% |
* Annualized
Return Ranking - Calendar
| Period | LIKKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.7% | 9.0% | 18.3% | 38.83% |
| 2022 | -19.6% | -60.3% | -15.8% | 19.68% |
| 2021 | 13.2% | -6.3% | 17.5% | 8.38% |
| 2020 | 11.9% | 3.3% | 14.9% | 31.14% |
| 2019 | 20.7% | 6.0% | 22.6% | 12.50% |
Total Return Ranking - Trailing
| Period | LIKKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 9.4% | 21.9% | 51.32% |
| 1 Yr | 25.2% | 19.3% | 33.3% | 34.92% |
| 3 Yr | 5.1%* | -0.5% | 7.4% | 33.51% |
| 5 Yr | 9.8%* | 6.4% | 12.1% | 47.31% |
| 10 Yr | 8.7%* | 5.7% | 9.6% | 34.31% |
* Annualized
Total Return Ranking - Calendar
| Period | LIKKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | 11.9% | 37.9% | 52.66% |
| 2022 | -16.6% | -29.4% | -2.8% | 39.36% |
| 2021 | 16.7% | 8.3% | 22.1% | 28.49% |
| 2020 | 16.2% | 8.2% | 22.1% | 50.30% |
| 2019 | 26.0% | 19.6% | 40.1% | 27.50% |
NAV & Total Return History
LIKKX - Holdings
Concentration Analysis
| LIKKX | Category Low | Category High | LIKKX % Rank | |
|---|---|---|---|---|
| Net Assets | 12.2 B | 7.77 M | 82.6 B | 13.76% |
| Number of Holdings | 12 | 3 | 590 | 71.96% |
| Net Assets in Top 10 | 12.2 B | 7.3 M | 87 B | 13.76% |
| Weighting of Top 10 | 99.75% | 41.1% | 139.0% | 19.25% |
Top 10 Holdings
- RUSSEL 1000 LIFEPATH MUTUAL FUND 46.61%
- iShares Core MSCI Total International Stock ETF 24.87%
- iShares US Securitized Bond Index Fund/BlackRock 4.88%
- iShares TIPS Bond ETF 4.45%
- iShares US Long Credit Bond Index Fund/BlackRock 3.87%
- iShares Developed Real Estate Index Fund 3.73%
- SMALL CAP LIFEPATH MUTUAL FUND 3.03%
- iShares US Long Government Bond Index Fund/BlackRock 2.84%
- iShares US Intermediate Government Bond Index Fund/BlackRock 2.81%
- iShares US Intermediate Credit Bond Index Fund/BlackRock 2.67%
Asset Allocation
| Weighting | Return Low | Return High | LIKKX % Rank | |
|---|---|---|---|---|
| Stocks | 99.75% | 0.00% | 100.25% | 44.97% |
| Cash | 0.26% | 0.00% | 40.33% | 42.86% |
| Convertible Bonds | 0.13% | 0.00% | 0.98% | 65.61% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 25.40% |
| Other | 0.00% | -0.01% | 3.30% | 47.09% |
| Bonds | 0.00% | 0.00% | 16.22% | 44.44% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LIKKX % Rank | |
|---|---|---|---|---|
| Technology | 19.54% | 13.94% | 24.03% | 34.92% |
| Financial Services | 15.15% | 13.11% | 18.83% | 48.68% |
| Healthcare | 11.10% | 10.75% | 14.53% | 96.30% |
| Consumer Cyclical | 10.70% | 8.05% | 13.32% | 72.49% |
| Industrials | 9.91% | 9.02% | 12.29% | 82.01% |
| Real Estate | 8.19% | 1.87% | 10.11% | 20.63% |
| Communication Services | 7.63% | 5.69% | 10.24% | 28.04% |
| Consumer Defense | 6.54% | 4.68% | 11.06% | 63.49% |
| Basic Materials | 4.64% | 3.14% | 6.86% | 58.20% |
| Energy | 4.00% | 2.33% | 6.31% | 71.43% |
| Utilities | 2.60% | 1.90% | 8.13% | 57.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LIKKX % Rank | |
|---|---|---|---|---|
| US | 99.75% | 0.00% | 100.25% | 44.97% |
| Non US | 0.00% | 0.00% | 31.64% | 28.57% |
LIKKX - Expenses
Operational Fees
| LIKKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.14% | 0.01% | 6.94% | 95.24% |
| Management Fee | 0.05% | 0.00% | 0.87% | 33.33% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.01% | 0.29% | 9.30% |
Sales Fees
| LIKKX 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
| LIKKX 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.
| LIKKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.00% | 2.00% | 112.00% | 9.94% |
LIKKX - Distributions
Dividend Yield Analysis
| LIKKX | Category Low | Category High | LIKKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.01% | 0.00% | 8.83% | 53.97% |
Dividend Distribution Analysis
| LIKKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| LIKKX | Category Low | Category High | LIKKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.23% | -0.21% | 4.18% | 8.15% |
Capital Gain Distribution Analysis
| LIKKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $0.166 | OrdinaryDividend |
| Sep 29, 2023 | $0.066 | OrdinaryDividend |
| Jun 30, 2023 | $0.144 | OrdinaryDividend |
| Mar 31, 2023 | $0.057 | OrdinaryDividend |
| Dec 23, 2022 | $0.096 | OrdinaryDividend |
| Sep 30, 2022 | $0.077 | OrdinaryDividend |
| Jul 14, 2022 | $0.004 | CapitalGainShortTerm |
| Jul 14, 2022 | $0.021 | CapitalGainLongTerm |
| Jun 30, 2022 | $0.139 | OrdinaryDividend |
| Mar 31, 2022 | $0.042 | OrdinaryDividend |
| Dec 31, 2021 | $0.257 | OrdinaryDividend |
| Sep 30, 2021 | $0.060 | OrdinaryDividend |
| Jun 30, 2021 | $0.127 | OrdinaryDividend |
| Mar 31, 2021 | $0.037 | OrdinaryDividend |
| Dec 31, 2020 | $0.115 | OrdinaryDividend |
| Sep 30, 2020 | $0.042 | OrdinaryDividend |
| Jun 30, 2020 | $0.006 | OrdinaryDividend |
| Jun 30, 2020 | $0.096 | OrdinaryDividend |
| Mar 31, 2020 | $0.043 | OrdinaryDividend |
| Dec 31, 2019 | $0.177 | OrdinaryDividend |
| Dec 31, 2019 | $0.061 | CapitalGainShortTerm |
| Dec 31, 2019 | $0.049 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.055 | OrdinaryDividend |
| Jun 28, 2019 | $0.137 | OrdinaryDividend |
| Mar 28, 2019 | $0.058 | OrdinaryDividend |
| Dec 31, 2018 | $0.093 | OrdinaryDividend |
| Dec 31, 2018 | $0.003 | CapitalGainShortTerm |
| Dec 31, 2018 | $0.005 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.066 | OrdinaryDividend |
| Jun 29, 2018 | $0.112 | OrdinaryDividend |
| Jun 29, 2018 | $0.000 | CapitalGainShortTerm |
| Jun 29, 2018 | $0.003 | CapitalGainLongTerm |
| Mar 29, 2018 | $0.037 | OrdinaryDividend |
| Dec 29, 2017 | $0.150 | OrdinaryDividend |
| Dec 29, 2017 | $0.002 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.057 | OrdinaryDividend |
| Jun 30, 2017 | $0.090 | OrdinaryDividend |
| Mar 31, 2017 | $0.036 | OrdinaryDividend |
| Dec 30, 2016 | $0.087 | OrdinaryDividend |
| Dec 30, 2016 | $0.014 | CapitalGainShortTerm |
| Dec 30, 2016 | $0.012 | CapitalGainLongTerm |
| Sep 30, 2016 | $0.036 | OrdinaryDividend |
| Jun 30, 2016 | $0.091 | OrdinaryDividend |
| Mar 31, 2016 | $0.055 | OrdinaryDividend |
| Dec 30, 2015 | $0.088 | OrdinaryDividend |
| Dec 30, 2015 | $0.021 | CapitalGainShortTerm |
| Dec 30, 2015 | $0.082 | CapitalGainLongTerm |
| Sep 30, 2015 | $0.067 | OrdinaryDividend |
| Jun 30, 2015 | $0.076 | OrdinaryDividend |
| Jun 30, 2015 | $0.002 | CapitalGainShortTerm |
| Jun 30, 2015 | $0.000 | CapitalGainLongTerm |
| Mar 31, 2015 | $0.047 | OrdinaryDividend |
| Dec 31, 2014 | $0.074 | OrdinaryDividend |
| Dec 31, 2014 | $0.023 | CapitalGainShortTerm |
| Dec 31, 2014 | $0.060 | CapitalGainLongTerm |
| Sep 30, 2014 | $0.049 | OrdinaryDividend |
| Jun 30, 2014 | $0.085 | OrdinaryDividend |
| Jun 30, 2014 | $0.048 | CapitalGainLongTerm |
| Mar 31, 2014 | $0.053 | OrdinaryDividend |
| Dec 31, 2013 | $0.104 | OrdinaryDividend |
| Dec 31, 2013 | $0.099 | CapitalGainLongTerm |
| Sep 30, 2013 | $0.057 | OrdinaryDividend |
| Jun 28, 2013 | $0.069 | OrdinaryDividend |
| Jun 28, 2013 | $0.001 | CapitalGainShortTerm |
| Jun 28, 2013 | $0.010 | CapitalGainLongTerm |
| Mar 28, 2013 | $0.033 | OrdinaryDividend |
| Dec 31, 2012 | $0.079 | OrdinaryDividend |
| Dec 31, 2012 | $0.017 | CapitalGainShortTerm |
| Dec 31, 2012 | $0.017 | CapitalGainLongTerm |
| Sep 28, 2012 | $0.046 | OrdinaryDividend |
| Jun 29, 2012 | $0.032 | OrdinaryDividend |
| Mar 30, 2012 | $0.022 | OrdinaryDividend |
| Dec 30, 2011 | $0.046 | OrdinaryDividend |
| Sep 30, 2011 | $0.046 | OrdinaryDividend |
| Jun 30, 2011 | $0.023 | OrdinaryDividend |
LIKKX - Fund Manager Analysis
Managers
Amy Whitelaw
Start Date
Tenure
Tenure Rank
May 31, 2011
11.01
11.0%
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.
Greg Savage
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
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.
Lisa O'Connor
Start Date
Tenure
Tenure Rank
Jun 02, 2020
1.99
2.0%
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.
Christopher Chung
Start Date
Tenure
Tenure Rank
Jun 02, 2020
1.99
2.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 5.83 | 2.41 |
