LIRIX: BlackRock LifePath® Index Retire Instl

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LIRIX BlackRock LifePath® Index Retire Instl

  • Fund
  • LIRIX
  • Price as of: Jan 16, 2020
  • $13.22
    + $0.04 + 0.30%

Profile

LIRIX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $7.79 B
  • Holdings in Top 10 99.9%

52 WEEK LOW AND HIGH

$13.22
$11.81
$13.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.19%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.51%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlackRock LifePath® Index Retirement Fund Institutional Shares
  • Fund Family Name
    BlackRock
  • Inception Date
    May 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alan Mason

Fund Description

The fund is a "feeder" fund that invests all of its assets in the Master Portfolio, a series of Master Investment Portfolio with a substantially identical investment objective, which allocates and reallocates its assets among a combination of equity and bond index funds and money market funds in proportions based on its own comprehensive investment strategy. It will invest, 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.


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Categories

Fund Company Quick Screens

LIRIX - Fund Company Quick Screens


Performance

LIRIX - Performance

Return Ranking - Trailing

Period LIRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% 0.0% 2.7% 55.00%
1 Yr 11.8% -9.9% 25.8% 51.74%
3 Yr 4.9%* -4.5% 12.9% 47.32%
5 Yr 3.1%* -3.2% 9.4% 47.71%
10 Yr N/A* -5.9% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period LIRIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -11.2% 23.6% 48.55%
2018 -5.8% -19.1% 0.0% 4.43%
2017 8.2% -12.3% 20.9% 57.12%
2016 3.3% -4.2% 7.5% 64.90%
2015 -3.2% -13.0% 0.0% 14.93%

Total Return Ranking - Trailing

Period LIRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% 0.0% 2.7% 55.00%
1 Yr 11.8% -9.9% 25.8% 50.78%
3 Yr 6.3%* -4.4% 12.9% 44.56%
5 Yr 5.0%* -3.2% 9.4% 42.18%
10 Yr N/A* -4.0% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period LIRIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -11.2% 23.6% 48.55%
2018 -4.2% -19.1% 0.0% 16.54%
2017 10.7% -12.3% 24.1% 57.43%
2016 5.9% 0.0% 9.8% 40.22%
2015 -0.4% -9.4% 0.7% 13.01%

NAV & Total Return History


Holdings

LIRIX - Holdings

Concentration Analysis

LIRIX Category Low Category High LIRIX % Rank
Net Assets 7.79 B 10 46.6 B 14.76%
Number of Holdings 8 1 652 87.23%
Net Assets in Top 10 7.77 B 88.7 K 46.7 B 13.00%
Weighting of Top 10 99.94% 54.3% 111.3% 13.57%

Top 10 Holdings

  1. iShares US Aggregate Bond Index K 51.24%
  2. iShares Russell 1000 Large-Cap Idx K 22.74%
  3. iShares Core MSCI Total Intl Stk ETF 12.42%
  4. iShares TIPS Bond ETF 7.96%
  5. iShares Russell 2000 Small-Cap Idx K 3.44%
  6. iShares Developed Real Estate Idx K 2.14%

Asset Allocation

Weighting Return Low Return High LIRIX % Rank
Bonds
56.35% -40.53% 79.04% 30.22%
Stocks
40.43% 0.00% 94.02% 60.55%
Cash
2.86% -79.54% 112.41% 66.02%
Convertible Bonds
0.34% 0.00% 1.22% 28.62%
Other
0.03% -0.27% 100.00% 49.60%
Preferred Stocks
0.00% 0.00% 7.24% 83.47%

Stock Sector Breakdown

Weighting Return Low Return High LIRIX % Rank
Financial Services
16.25% 3.32% 23.03% 46.50%
Technology
14.80% 2.62% 22.78% 67.51%
Healthcare
11.85% 0.26% 18.93% 67.97%
Industrials
10.98% 1.02% 16.45% 44.32%
Consumer Cyclical
9.76% 1.88% 13.97% 76.92%
Real Estate
9.69% 0.43% 62.85% 10.45%
Communication Services
7.99% 0.21% 12.50% 26.18%
Consumer Defense
7.15% 1.02% 12.52% 82.20%
Energy
4.44% 0.59% 13.74% 67.51%
Basic Materials
3.92% 0.76% 7.37% 73.25%
Utilities
3.17% 0.00% 12.51% 56.26%

Stock Geographic Breakdown

Weighting Return Low Return High LIRIX % Rank
US
27.09% 0.00% 65.01% 59.64%
Non US
13.34% 0.00% 40.99% 59.18%

Bond Sector Breakdown

Weighting Return Low Return High LIRIX % Rank
Government
49.12% 0.21% 99.00% 18.60%
Corporate
20.53% 0.00% 61.96% 44.78%
Securitized
20.35% 0.00% 46.63% 33.30%
Cash & Equivalents
9.51% 0.72% 112.41% 75.09%
Municipal
0.48% 0.00% 31.11% 24.23%
Derivative
0.00% -82.56% 30.44% 70.84%

Bond Geographic Breakdown

Weighting Return Low Return High LIRIX % Rank
US
52.82% -52.61% 74.40% 17.67%
Non US
3.53% -34.01% 29.12% 57.58%

Expenses

LIRIX - Expenses

Operational Fees

LIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.00% 108.50% 76.62%
Management Fee 0.05% 0.00% 0.77% 62.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.40% 3.28%

Sales Fees

LIRIX 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

LIRIX 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.

LIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 207.00% 63.67%

Distributions

LIRIX - Distributions

Dividend Yield Analysis

LIRIX Category Low Category High LIRIX % Rank
Dividend Yield 0.42% 0.00% 1.21% 9.99%

Dividend Distribution Analysis

LIRIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

LIRIX Category Low Category High LIRIX % Rank
Net Income Ratio 2.51% -0.45% 4.93% 21.35%

Capital Gain Distribution Analysis

LIRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LIRIX - Fund Manager Analysis

Managers

Alan Mason


Start Date

Tenure

Tenure Rank

May 31, 2011

8.59

8.6%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

May 31, 2011

8.59

8.6%

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.

Matthew O’Hara


Start Date

Tenure

Tenure Rank

Nov 07, 2016

3.15

3.2%

Mr. O’Hara has been employed by BlackRock, Inc. as Managing Director since 2013 and Director from 2009 to 2012.

Greg Savage


Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.67

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 17.26 5.66 8.0