Capture diverse actively-managed equity strategies within a disciplined glidepath
- Offers an innovative, multi-manager optimization process
- Pursues active manager insights within a diversified glidepath
- Captures a broad range of equities, fixed income, and real assets
Successful active management can add substantial returns over the life of a target date fund. But, the challenge for many active managers is how to pursue return opportunities while maintaining the risk profile of the glidepath.
LifePath Portfolios uses an advanced optimization process that captures active manager insights while still keeping the glidepath on track. Its sophisticated asset allocation captures a broad range of domestic and global equities, fixed income and real assets shown to enhance returns, improve risk management, or protect against inflation.
Move Towards Solutions-Based Products
Target date fund assets ($bn)
The growth of target date funds and other managed solutions creates the opportunity to bring more sophisticated investment models to DC, such as the LifePath Portfolios innovative multi-manager optimization process.
Source: Cerulli Associates.
The LifePath Funds may be offered as mutual funds. You should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. The prospectuses and, if available, the summary prospectuses contain this and other information about the funds, and are available, along with information on other BlackRock funds, by calling 800-882-0052 or from your financial professional. The prospectuses and, if available, the summary prospectuses should be read carefully before investing.
Each LifePath Portfolio mutual fund invests all of its assets in a separate mutual fund, called a LifePath Master portfolio, that has a substantially identical investment objective as the LifePath Portfolio. Each master portfolio, in turn, invests in a combination of equity funds, fixed income funds, and money market funds ("Underlying Funds") in proportions based on its own comprehensive investment strategy. BlackRock Fund Advisors is the investment adviser to the Master Portfolios and each of the Underlying Funds.
The LifePath Portfolio mutual funds are distributed by BlackRock Investments, LLC ("BRIL"), member FINRA. BlackRock Fund Advisors ("BFA") serves as the investment adviser to LifePath Portfolio mutual funds, and the Master Portfolios, in which each LifePath Portfolio invests all of its assets and to the Underlying Funds in which the Master Portfolios invest.
Strategies may include bank collective investment funds maintained and managed by BlackRock Institutional Trust Company, N.A. ("BTC"), which are available only to certain qualified employee benefit plans and governmental plans and not offered or available to the general public. Accordingly, prospectuses are not required and prices are not available in local publications. To obtain pricing information, please contact your local service representative. Strategies maintained by BlackRock are not insured by the Federal Deposit Insurance Corporation and are not guaranteed by BlackRock or its affiliates. There are structural and regulatory differences between collective funds and mutual funds that may affect their respective fees and performance.
BRIL, BFA and BTC are subsidiaries of BlackRock, Inc.
Each LifePath Portfolio has a different level of risk.
An investment in the LifePath Portfolios is subject to stock market risk, which means the price of the stocks in which the Underlying Funds invest may fluctuate or fall in response to economic events or trends. The prices of bonds in which the Underlying Funds invest may fall because of a rise in interest rates. Investments in foreign securities by the Underlying Funds are subject to certain special risks and considerations, including potentially less liquidity and greater price volatility than securities traded in the U.S. markets.
The allocation of each LifePath Portfolio's assets is managed using a quantitative model that has been developed based on a number of factors. There is no assurance that the recommended asset allocation will either maximize returns or minimize risk or be the appropriate allocation in all circumstances for every investor with a particular time horizon.
The LifePath Portfolios must maintain cash balances to meet redemption requests, which may lower overall portfolio performance.
The LifePath products are covered by U.S. patents 5,812,987 and 6,336,102.