BIPGX: BlackRock LifePath® Smart Beta 2035 K

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BIPGX BlackRock LifePath® Smart Beta 2035 K


Profile

BIPGX - Profile

Vitals

  • YTD Return -15.5%
  • 3 Yr Annualized Return -7.1%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $5.21 M
  • Holdings in Top 10 75.6%

52 WEEK LOW AND HIGH

$8.98
$7.89
$11.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 91.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 02, 2020
  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2035

Distributions

  • YTD Total Return -15.5%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    BlackRock LifePath® Smart Beta 2035 Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Apr 20, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew O’Hara

Fund Description

In pursuit of its investment objective, the fund, which is a fund of funds, allocates and reallocates its assets among a combination of equity, fixed income and money market funds (the "underlying funds") 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 is designed for investors expecting to retire or to begin withdrawing assets around the year 2035.


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Performance

BIPGX - Performance

Return Ranking - Trailing

Period BIPGX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.5% -16.3% 8.9% 98.99%
1 Yr -19.1% -19.4% 13.9% 99.69%
3 Yr -7.1%* -19.1% 7.4% 94.61%
5 Yr -2.2%* -10.8% 7.0% 88.21%
10 Yr 0.6%* -4.2% 8.8% 82.12%

* Annualized

Return Ranking - Calendar

Period BIPGX Return Category Return Low Category Return High Rank in Category (%)
2019 9.4% -1.8% 23.3% 73.47%
2018 -15.6% -26.8% -0.6% 78.45%
2017 15.7% -36.9% 18.0% 6.09%
2016 4.2% -5.2% 8.1% 33.92%
2015 -9.7% -20.8% -1.4% 89.09%

Total Return Ranking - Trailing

Period BIPGX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.5% -16.3% 8.9% 98.99%
1 Yr -19.1% -19.4% 13.9% 99.69%
3 Yr -3.3%* -19.1% 7.4% 91.33%
5 Yr 2.4%* -10.8% 8.5% 76.57%
10 Yr 5.5%* -4.2% 9.0% 55.18%

* Annualized

Total Return Ranking - Calendar

Period BIPGX Return Category Return Low Category Return High Rank in Category (%)
2019 9.4% -1.8% 23.3% 73.47%
2018 -7.5% -25.1% 1.3% 44.38%
2017 19.0% -36.9% 24.6% 4.85%
2016 7.9% -2.6% 12.3% 15.87%
2015 -2.6% -20.6% 2.6% 63.64%

NAV & Total Return History


Holdings

BIPGX - Holdings

Concentration Analysis

BIPGX Category Low Category High BIPGX % Rank
Net Assets 5.21 M 121 K 34.5 B 97.31%
Number of Holdings 21 1 515 53.61%
Net Assets in Top 10 10.6 M 0 24.3 B 92.07%
Weighting of Top 10 75.61% 0.0% 100.0% 66.52%

Top 10 Holdings

  1. iShares MSCI USA Quality Factor ETF 12.78%
  2. iShares MSCI USA Min Vol Factor ETF 9.43%
  3. iShares MSCI USA Value Factor ETF 8.33%
  4. iShares MSCI USA Size Factor ETF 8.22%
  5. iShares US Treasury Bond ETF 7.85%
  6. iShares Core MSCI Emerging Markets ETF 6.96%
  7. iShares MSCI Intl Quality Factor ETF 5.75%
  8. iShares Edge Investment Grade Enh Bd ETF 5.68%
  9. iShares MSCI EAFE Min Vol Factor ETF 5.66%
  10. iShares TIPS Bond ETF 4.95%

Asset Allocation

Weighting Return Low Return High BIPGX % Rank
Stocks
75.23% 0.00% 79.90% 11.04%
Bonds
22.13% -121.54% 71.85% 82.43%
Cash
2.50% -12.86% 162.09% 81.43%
Other
0.09% -0.63% 51.80% 47.09%
Convertible Bonds
0.05% 0.00% 5.24% 96.79%
Preferred Stocks
0.00% 0.00% 34.96% 97.99%

Stock Sector Breakdown

Weighting Return Low Return High BIPGX % Rank
Technology
15.58% 3.36% 21.86% 81.94%
Financial Services
13.86% 3.80% 19.78% 63.17%
Healthcare
13.41% 1.80% 16.74% 43.29%
Industrials
10.63% 1.74% 14.27% 28.36%
Consumer Cyclical
9.65% 2.04% 13.91% 80.22%
Consumer Defense
8.68% 1.11% 13.83% 14.13%
Real Estate
8.50% 0.46% 24.05% 17.86%
Communication Services
8.39% 0.38% 14.54% 60.24%
Basic Materials
4.41% 0.82% 7.58% 38.75%
Utilities
4.35% 0.00% 5.01% 6.16%
Energy
2.54% 0.98% 10.58% 80.93%

Stock Geographic Breakdown

Weighting Return Low Return High BIPGX % Rank
US
44.70% 0.00% 57.40% 20.18%
Non US
30.53% 0.00% 44.06% 10.64%

Bond Sector Breakdown

Weighting Return Low Return High BIPGX % Rank
Government
58.39% -0.24% 58.39% 0.30%
Corporate
30.32% 0.00% 98.71% 38.96%
Cash & Equivalents
11.27% 0.06% 162.09% 66.37%
Derivative
0.02% -143.54% 11.17% 56.12%
Securitized
0.00% 0.00% 34.11% 99.90%
Municipal
0.00% 0.00% 3.23% 99.50%

Bond Geographic Breakdown

Weighting Return Low Return High BIPGX % Rank
US
20.47% -146.95% 67.03% 79.62%
Non US
1.66% -37.80% 25.41% 91.47%

Expenses

BIPGX - Expenses

Operational Fees

BIPGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.01% 108.96% 18.82%
Management Fee 0.00% 0.00% 0.93% 22.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.40% 19.03%

Sales Fees

BIPGX 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

BIPGX 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.

BIPGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 91.00% 2.60% 150.00% 97.39%

Distributions

BIPGX - Distributions

Dividend Yield Analysis

BIPGX Category Low Category High BIPGX % Rank
Dividend Yield 0.00% 0.00% 3.50% 93.52%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BIPGX Category Low Category High BIPGX % Rank
Net Income Ratio 3.09% -0.22% 5.83% 1.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BIPGX - Fund Manager Analysis

Managers

Matthew O’Hara


Start Date

Tenure

Tenure Rank

Nov 16, 2016

3.79

3.8%

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

Andrew Ang


Start Date

Tenure

Tenure Rank

Nov 16, 2016

3.79

3.8%

Andrew Ang, PhD, Managing Director, coordinates BlackRock's efforts in factor investing. He leads BlackRock's Factor-Based Strategies Group which manages macro and style factor multi-asset funds. The group optimizes factors to help meet investment outcomes, such as retirement savings, factor advisory mandates and bespoke factor solutions, and develops factor analytics tools leveraging BlackRock's Aladdin platform. Throughout his career, Dr. Ang has focused on identifying and harvesting factor risk premiums within and across asset classes. Before joining BlackRock in 2015, Dr. Ang was Chair of the Finance and Economics Division and the Ann F. Kaplan Professor of Business at Columbia Business School. He has published widely on equities, fixed income, asset and factor allocation, and alternative assets. His book, "Asset Management: A Systematic Approach to Factor Investing" is a comprehensive guide showing how factor risk premiums can be harvested in portfolio design and incorporated in all aspects of investment management. As a professor, Dr. Ang worked with several large institutional managers as an advisor and consultant. Dr. Ang earned a BEc(Hons) degree in actuarial studies from Macquarie University, and a PhD in finance and MS in statistics from Stanford University.

Ked Hogan


Start Date

Tenure

Tenure Rank

Nov 16, 2016

3.79

3.8%

Managing Director of BlackRock, Inc. since 2009; Member of Global Market Strategies Group and Scientific Active Equity Group; various positions with Barclays Global Investors from 1997 to 2009. Mr. Hogan has been employed by BFA or its affiliates as a portfolio manager since 2012 and has been a Portfolio Manager since March 2019

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 15.84 5.5 3.13