LPSAX: BlackRock LifePath® Dyn Retirement K

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LPSAX BlackRock LifePath® Dyn Retirement K


Profile

LPSAX - Profile

Vitals

  • YTD Return -11.4%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return -2.8%
  • Net Assets $375 M
  • Holdings in Top 10 93.2%

52 WEEK LOW AND HIGH

$9.74
$9.10
$11.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return -12.2%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlackRock LifePath® Dynamic Retirement Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    May 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Philip Green

Fund Description

The 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 manager 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.


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Categories

Fund Company Quick Screens

LPSAX - Fund Company Quick Screens


Performance

LPSAX - Performance

Return Ranking - Trailing

Period LPSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -22.6% 0.5% 57.91%
1 Yr -6.6% -23.7% 9.1% 31.34%
3 Yr -4.0%* -9.3% 2.8% 73.93%
5 Yr -2.8%* -5.9% 0.8% 68.60%
10 Yr -1.3%* -4.9% 4.2% 80.89%

* Annualized

Return Ranking - Calendar

Period LPSAX Return Category Return Low Category Return High Rank in Category (%)
2019 13.9% -2.4% 20.5% 20.03%
2018 -12.0% -19.1% -3.6% 82.11%
2017 2.0% -12.3% 18.0% 88.05%
2016 4.4% -4.2% 7.1% 24.89%
2015 -6.8% -10.7% -0.3% 82.07%

Total Return Ranking - Trailing

Period LPSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.2% -23.9% 0.5% 54.84%
1 Yr -7.5% -24.9% 9.1% 31.01%
3 Yr 1.7%* -9.8% 5.5% 7.74%
5 Yr 2.0%* -5.6% 5.2% 15.57%
10 Yr 4.4%* -5.0% 6.9% 21.54%

* Annualized

Total Return Ranking - Calendar

Period LPSAX Return Category Return Low Category Return High Rank in Category (%)
2019 13.9% -2.4% 20.5% 20.03%
2018 -3.4% -19.1% -0.9% 14.31%
2017 11.9% -12.3% 22.2% 36.48%
2016 6.2% 0.2% 9.3% 35.06%
2015 -1.3% -9.4% 0.7% 31.93%

NAV & Total Return History


Holdings

LPSAX - Holdings

Concentration Analysis

LPSAX Category Low Category High LPSAX % Rank
Net Assets 375 M 55.5 K 44.8 B 42.31%
Number of Holdings 31 1 581 23.29%
Net Assets in Top 10 349 M 55.5 K 44.8 B 42.31%
Weighting of Top 10 93.22% 55.5% 100.0% 30.57%

Top 10 Holdings

  1. BlackRock CoreAlpha Bond Investor A 40.10%
  2. MIP Active Stock Master 21.36%
  3. iShares TIPS Bond ETF 8.37%
  4. BlackRock Master Total Return Portfolio 8.01%
  5. MIP International Tilts Master Portfolio 4.86%
  6. BlackRock Tactical Opportunities K 3.13%
  7. BlackRock Advantage Emerging Mkts K 3.05%
  8. iShares Developed Real Estate Idx K 2.18%
  9. iShares MSCI EAFE Small-Cap ETF 1.21%
  10. iShares Core MSCI EAFE ETF 0.95%

Asset Allocation

Weighting Return Low Return High LPSAX % Rank
Bonds
53.60% -40.53% 79.60% 47.34%
Stocks
31.99% 0.00% 79.54% 66.82%
Cash
13.61% -46.22% 112.41% 15.37%
Convertible Bonds
0.81% 0.00% 1.36% 7.15%
Preferred Stocks
0.00% 0.00% 7.60% 93.91%
Other
0.00% -0.42% 100.02% 79.91%

Stock Sector Breakdown

Weighting Return Low Return High LPSAX % Rank
Financial Services
16.36% 3.32% 22.53% 41.23%
Technology
13.99% 2.95% 19.90% 71.23%
Healthcare
11.80% 1.66% 18.37% 67.85%
Industrials
10.71% 1.63% 16.11% 64.31%
Real Estate
10.30% 0.43% 35.57% 10.00%
Consumer Cyclical
10.22% 1.88% 12.18% 43.23%
Consumer Defense
7.72% 1.02% 13.89% 50.92%
Communication Services
6.77% 0.21% 10.71% 78.77%
Basic Materials
5.27% 0.76% 7.00% 8.62%
Energy
4.48% 0.59% 15.11% 57.23%
Utilities
2.38% 0.00% 13.14% 86.15%

Stock Geographic Breakdown

Weighting Return Low Return High LPSAX % Rank
Non US
16.62% 0.00% 32.55% 32.72%
US
15.37% 0.00% 56.48% 82.34%

Bond Sector Breakdown

Weighting Return Low Return High LPSAX % Rank
Securitized
31.54% 0.00% 40.02% 7.23%
Cash & Equivalents
27.30% 0.71% 112.41% 9.23%
Corporate
24.79% 0.00% 51.51% 29.08%
Government
15.61% 13.61% 99.28% 96.92%
Municipal
0.72% 0.00% 11.28% 15.54%
Derivative
0.03% -82.56% 31.23% 47.69%

Bond Geographic Breakdown

Weighting Return Low Return High LPSAX % Rank
US
50.16% -52.61% 75.61% 35.77%
Non US
3.44% -2.75% 26.87% 71.99%

Expenses

LPSAX - Expenses

Operational Fees

LPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 24.81% 40.48%
Management Fee 0.35% 0.00% 0.77% 82.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.30% 24.34%

Sales Fees

LPSAX 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

LPSAX 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.

LPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 207.00% 65.48%

Distributions

LPSAX - Distributions

Dividend Yield Analysis

LPSAX Category Low Category High LPSAX % Rank
Dividend Yield 0.00% 0.00% 2.89% 84.17%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LPSAX Category Low Category High LPSAX % Rank
Net Income Ratio 2.54% 0.05% 4.60% 32.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LPSAX - Fund Manager Analysis

Managers

Philip Green


Start Date

Tenure

Tenure Rank

Nov 07, 2016

3.31

3.3%

Philip Green, Managing Director, is head of the Multi-Asset Portfolio Strategies (MAPS) group. The MAPS team is responsible for managing global tactical asset allocation products as well as outcome products, including a managed volatility product, a real return product and a target date product. Mr. Green's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he managed global tactical asset allocation and portable alpha products. Prior to joining MLIM, Mr. Green was a portfolio manager at Bankers Trust Company. During his career, Mr. Green has managed quantitative equity products, global tactical asset allocation products, active currency products, portable alpha products and portfolio insurance products. He is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets, and the Journal of Investing. Mr. Green earned a BS degree in economics from the Wharton School of the University of Pennsylvania and an MBA degree in finance from the Stern School of Business of New York University.

Matthew O’Hara


Start Date

Tenure

Tenure Rank

Nov 07, 2016

3.31

3.3%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.43 4.72 0.16