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Trending ETFs

Name

As of 03/27/2024

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

$8.05

$234 M

9.55%

$0.77

1.06%

Vitals

YTD Return

3.2%

1 yr return

11.8%

3 Yr Avg Return

-0.2%

5 Yr Avg Return

4.2%

Net Assets

$234 M

Holdings in Top 10

99.1%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.06%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 2.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$8.05

$234 M

9.55%

$0.77

1.06%

LPRAX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 9.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock LifePath Dynamic Retirement Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Feb 28, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Philip Green

Fund Description

LifePath Dynamic Retirement Fund allocates and reallocates its assets among a combination of equity, bond and money market funds (the “Underlying Funds”) and derivatives in proportions based on its own comprehensive investment strategy. Under normal circumstances, the Fund intends to invest primarily in affiliated open-end funds and affiliated exchange-traded funds (“ETFs”), some of which may be index funds.
The Fund may, when consistent with its investment goal, buy or sell options or futures, or enter into total return swaps and foreign currency transactions (collectively, commonly known as derivatives). The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The Fund may use derivatives as a substitute for taking a position in an Underlying Fund and/or as part of a strategy to reduce exposure to certain risks. The Fund may also use derivatives to enhance return, in which case their use may involve leveraging risk. Derivatives that are used as a substitute for taking a position in an Underlying Fund, to reduce exposure to risks (other than duration or currency risk) or to enhance return will increase or decrease the Fund’s equity or fixed income allocations for purposes of the glide path by the notional amount of such derivatives. Derivatives that are used to manage duration or hedge currency risk will not be allocated to the Fund’s equity or fixed income allocations for purposes of the glide path. 
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. As of March 31, 2023, the Fund held approximately 45% of its assets (including notional exposure through derivatives) in equity Underlying Funds and equity related derivatives, approximately 56% of its assets (including notional exposure through derivatives) in fixed income Underlying Funds and fixed income related derivatives and approximately -1% of its assets in cash (including cash offsets from derivatives) and Underlying Funds that invest primarily in money market instruments. Certain Underlying Funds may invest in equity securities of issuers that are primarily engaged in or related to the real estate industry, real estate investment trusts (“REITs”), foreign securities, emerging market securities, below investment-grade bonds, commodity-related instruments and derivative securities or instruments, such as options and futures, the value of which is derived from another security, a commodity, a currency or an index. 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. 
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, multi-asset or money market funds and a brief description of their investment objectives and primary investment strategies. 
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LPRAX - Performance

Return Ranking - Trailing

Period LPRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -0.8% 6.6% 24.48%
1 Yr 11.8% 0.0% 13.3% 13.54%
3 Yr -0.2%* -6.1% 4.4% 79.79%
5 Yr 4.2%* -4.5% 5.5% 42.25%
10 Yr 4.2%* 1.6% 5.0% 24.32%

* Annualized

Return Ranking - Calendar

Period LPRAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -9.8% 12.8% 88.48%
2022 -16.1% -38.3% -3.8% 51.83%
2021 -9.1% -9.1% 10.3% 100.00%
2020 4.7% -13.4% 12.6% 69.05%
2019 13.4% -1.1% 13.9% 3.55%

Total Return Ranking - Trailing

Period LPRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -0.8% 6.6% 24.48%
1 Yr 11.8% 0.0% 13.3% 13.54%
3 Yr -0.2%* -6.1% 4.4% 79.79%
5 Yr 4.2%* -4.5% 5.5% 42.25%
10 Yr 4.2%* 1.6% 5.0% 24.32%

* Annualized

Total Return Ranking - Calendar

Period LPRAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -9.8% 15.4% 20.94%
2022 -5.4% -16.9% -2.9% 9.42%
2021 7.8% -3.8% 10.3% 19.05%
2020 14.4% -13.4% 16.6% 4.17%
2019 25.2% 4.7% 25.2% 0.71%

NAV & Total Return History


LPRAX - Holdings

Concentration Analysis

LPRAX Category Low Category High LPRAX % Rank
Net Assets 234 M 1.16 M 35.3 B 51.04%
Number of Holdings 29 2 1413 34.38%
Net Assets in Top 10 211 M 931 K 36.5 B 41.15%
Weighting of Top 10 99.06% 4.6% 101.7% 19.66%

Top 10 Holdings

  1. BlackRock Diversified Fixed Income Fund 45.05%
  2. DIVERSIFIED EQUITY MASTER MUTUAL FUNDS 23.65%
  3. iShares TIPS Bond ETF 7.88%
  4. BlackRock Cash Funds: Treasury, SL Agency Shares 5.19%
  5. BlackRock Tactical Opportunities Fund 5.10%
  6. International Tilts Master Portfolio 4.86%
  7. iShares MSCI EAFE Small-Cap ETF 2.59%
  8. BlackRock Advantage Emerging Markets Fund 2.50%
  9. iShares Developed Real Estate Index Fund 1.23%
  10. BlackRock High Yield Bond Portfolio 1.01%

Asset Allocation

Weighting Return Low Return High LPRAX % Rank
Stocks
93.87% 0.00% 100.13% 49.48%
Cash
5.35% -24.70% 53.61% 22.40%
Other
0.78% -0.07% 5.62% 10.42%
Convertible Bonds
0.76% 0.00% 6.56% 45.83%
Preferred Stocks
0.00% 0.00% 11.70% 30.21%
Bonds
0.00% 0.00% 109.30% 67.19%

Stock Sector Breakdown

Weighting Return Low Return High LPRAX % Rank
Technology
18.36% 16.20% 25.61% 41.29%
Financial Services
15.20% 11.53% 20.26% 47.74%
Healthcare
11.12% 6.38% 14.87% 71.61%
Consumer Cyclical
10.07% 4.61% 13.00% 81.29%
Real Estate
9.83% 1.86% 19.30% 15.48%
Industrials
9.33% 7.75% 12.84% 83.87%
Communication Services
6.77% 4.20% 8.42% 56.13%
Basic Materials
5.89% 2.71% 8.17% 27.10%
Consumer Defense
5.76% 4.27% 8.57% 74.84%
Energy
4.49% 2.88% 13.48% 48.39%
Utilities
3.20% 1.85% 8.79% 19.35%

Stock Geographic Breakdown

Weighting Return Low Return High LPRAX % Rank
US
93.87% 0.00% 100.13% 49.48%
Non US
0.00% 0.00% 17.40% 39.06%

LPRAX - Expenses

Operational Fees

LPRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.06% 13.37% 25.65%
Management Fee 0.30% 0.00% 0.79% 75.00%
12b-1 Fee 0.25% 0.00% 1.00% 24.64%
Administrative Fee 0.29% 0.01% 0.29% 97.22%

Sales Fees

LPRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.75% 5.75% 52.63%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LPRAX 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.

LPRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 121.26% 9.88%

LPRAX - Distributions

Dividend Yield Analysis

LPRAX Category Low Category High LPRAX % Rank
Dividend Yield 9.55% 0.00% 9.68% 0.52%

Dividend Distribution Analysis

LPRAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

LPRAX Category Low Category High LPRAX % Rank
Net Income Ratio 1.09% -0.06% 5.71% 78.89%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LPRAX - Fund Manager Analysis

Managers

Philip Green


Start Date

Tenure

Tenure Rank

Nov 07, 2016

5.56

5.6%

Philip Green, ortfolio Manager,Primarily responsible for the day-to-day management of the Master Portfolio since 2016, including setting the Master Portfolio’s overall investment strategy and overseeing the management of the Master Portfolio. managing Director of BlackRock, Inc. since 2006

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 6.51 3.75