BlackRock LifePath® Index 2040 Inv A (LIKAX) (2023)

BlackRock LifePath® Index 2040 Inv A (LIKAX) FollowThisFund


Global Asset Class


Fund Group

Target-Date 2040



NAV (as of Jun 03)


Minimum Initial

0.39% A

Expense Ratio


TTM Yield


Max Load


Portfolio Turnover

Best Performing in Target-Date 2040 Over the Last Year

-3.5% Putnam RetirementReady 2040 Y (PRZZX)
-4.8% USAA Target Retirement 2040 (URFRX)
-5.0% Putnam Retirement Advantage 2040 Y (PALZX)
-5.4% Schwab Target 2040 Index (SWYGX)
-6.0% BlackRock LifePath ESG Index 2040 Inv A (LEKAX)

Data as of 4/30/2022

-7.1% C

1-Mo Return

-8.3% B

3-Mo Return

-12.2% B

YTD Return

-6.1% B

1-Yr Return

7.9% C

3-Yr Return

8.3% C

5-Yr Return

1.02 C

Category Risk Index


Total Risk Index

Fund Details

Fund Family


Inception Date


Share Class Type

No Load

Equity Investment Style

Large-Cap Blend

Bond Investment Style

High Quality Moderate Sensitivity

ESG Focus


Index Fund


Benchmark Index

Russell 1000 TR USD: 100%


BlackRock LifePath® Index 2040 Inv A (LIKAX), launched in 2011, has been managed by Greg Savage since April 30, 2018, at BlackRock. This fund tracks the Russell 1000 TR USD index, with a weighting of 100%.

Its expense ratio is below average compared to funds in the Target-Date 2040 category. LIKAX has an expense ratio of 0.39%, which is 45% lower than its category.

Based on NAV, the fund has returned -6.1% over the past year and 7.9% over the past three years, 8.3% per year over the past five years, and 8.4% per year over the past decade. Recently, in the month of April 2022, LIKAX returned -7.1%.

LIKAX has an R-squared of 99%, a beta of 1.35, and a standard deviation of 15.8%. It has an average total risk rating.

LIKAX Trailing NAV Total Returns Data as of 4/30/22

LIKAX Return (NAV) -7.1% -8.3% -6.1% 7.9% 8.3% 8.4%
+/- Category -0.0% 0.3% 0.8% 0.3% 0.3% -0.1%
Target-Date 2040 Avg -7.1% -8.6% -6.9% 7.7% 8.0% 8.5%
LIKAX Tax Cost Ratio na na 0.9% 0.9% 0.9% 0.9%

LIKAX Annual NAV Total ReturnsData as of 4/30/22

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
LIKAX Return (NAV) -12.2% 15.7% 13.8% 24.6% -7.3% 19.6% 7.8% -0.9% 6.6% 18.4% 14.6%
+/- Category 0.5% 0.2% -1.0% 1.2% 0.4% -0.1% 0.1% 0.3% 0.6% -4.0% -0.7%
Target-Date 2040 Avg -12.7% 15.5% 14.8% 23.5% -7.7% 19.6% 7.8% -1.3% 6.0% 22.4% 15.3%
Risk Measures
Standard Deviation: 15.8%
Total Risk Index: 1.00 - Average
Category Risk Index: 1.02 - Average
Category Risk Grade: C (52% Rank)
Beta: 1.35
R-Squared: 99%
Leveraged Fund: No
Inverse Fund: No
Portfolio Characteristics
Equity Investment Style: Large-Cap Blend
Bond Investment Style: High Quality Moderate Sensitivity
Yield: 2.1%
Dividend Distribution: Quarterly
Cap Gains Distribution: Annually
Total Assets: $8,905 Mil
Fund Total Assets: $ 160 Mil
Share Class Type: No Load
Portfolio Turnover: 7%

Management Team

Number of Managers: 4
Longest Tenure: 10.92 years
Average Tenure: 4.69 years
Managers (Year): Whitelaw Amy (2011), Savage Greg (2018), O'Connor Lisa (2020), Chung Christopher (2020)

Portfolio Composition (as of 3/31/22)

# of Holdings: 8
% in Top 10 Holdings: 99.4%
Fund is Non-Diversified: No
% in Foreign Issues: 32.9%

Portfolio Allocation

Domestic Stock: 50.1%
Foreign Stock: 32.1%
Preferred Stock: 0.0%
Domestic Bond: 14.6%
Foreign Bond: 0.8%
Convertible Bond: 0.1%
Other: 0.1%
Cash: 2.3%

Purchase Information

Fund Family: BlackRock
Phone Number: 800-441-7762
Status: Open
Inception Date: May 31, 2011
Min. Initial Purchase: $1,000
Min. Initial IRA Purchase: $ 0
True No-Load: Yes
Front Load Maximum: 0.00%
Deferred Charge Maximum: 0.00%
Redemption Charge Maximum: 0.00%
12b-1 Fee: 0.25%
Expense Ratio: 0.39%
Category Expense Grade: A ( Low within category)
Share Class: BlackRock LifePath® Index 2040 K
Min. Subsequent Purchase: $ 50
Min. Subsequent IRA Purchase: $ 0

Copyright 2022 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.


What is the Blackrock LifePath Index 2040 Fund? ›

LifePath Index 2040 Fund seeks to provide for retirement outcomes by investing in broadly diversified global asset classes with asset allocations becoming more conservative over time. Performance is expected to track the performance of the Fund's custom benchmark.

What does Blackrock LifePath invest in? ›

The investment seeks to provide for retirement outcomes based on quantitatively measured risk. The fund allocates and reallocates its assets among a combination of equity and bond index funds and money market funds (the "underlying funds") in proportions based on its own comprehensive investment strategy.

Is LifePath a mutual fund? ›

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.

Are there target retirement ETFs? ›

Currently, there are no Target Retirement Date ETFs open in the market.

Is BlackRock LifePath index good? ›

BlackRock LifePath Index's forward-thinking management team, research-intensive process, extremely low costs, and high-quality building blocks place this series among the industry's very best options. It continues to earn a Morningstar Analyst Rating of Gold.

What is LifePath retirement I BlackRock index? ›

LifePath Index Retirement Fund seeks to provide for retirement outcomes by investing in broadly diversified global asset classes whose performance is expected to track the performance of the Fund's custom benchmark.

What is a 500 index fund? ›

What Are S&P 500 Index Funds? The S&P 500 index tracks the performance of 500 of the largest U.S. public companies by market capitalization, or the total value of their publicly traded outstanding shares.

What is BlackRock Equity Index Fund? ›

The Fund is an "index fund" that seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of its Underlying Index (defined below). The Fund is a collective investment trust maintained and managed by BlackRock Institutional Trust Company, N.A. ("BTC").

How do target date funds work? ›

When investing in your 401(k) or other retirement savings account, target-date funds, also known as life-cycle funds, are one popular option. You pick a fund that is dated around when you plan to retire, and that fund promises to rebalance—that is, shift the risk profile of its investments—as you approach that date.

Does Canada have target date funds? ›

Canada Life Sustainable Target Date Funds are segregated funds available through a group variable annuity policy issued by The Canada Life Assurance Company. Any amount allocated to a segregated fund is invested at the risk of the customer and may increase or decrease in value.

Is Vanguard Target retirement 2040 Good? ›

Performance. The fund has returned -6.52 percent over the past year, 7.96 percent over the past three years and 8.38 percent over the past five years.

Are index funds better than 401k? ›

401(k) Pros

A 401(k) account's major edge over an index fund is the tax advantage. Contributions to 401(k) accounts are pre-tax. Owners don't pay taxes on dollars they put in or the earnings from their investment portfolio until they start withdrawing funds.

Are Target retirement funds a good choice? ›

For young investors or those with little investing experience, target-date funds are particularly practical, advisors say, given the asset allocation reflects a long time horizon until retirement (some as much as 95% or more in stocks), and there's automatic rebalancing and de-risking over time.

Does Vanguard have target date funds? ›

Vanguard offers target-date retirement funds to suit the needs of investors of various ages. A target-date fund is a mutual fund that automatically adjusts the asset mix and allocation over a time period that's based on your age and when you want to retire. The information in this article is current as of July 3, 2021.

Which index fund is best? ›

Best Index Funds
  • IDFC Nifty Fund Direct Plan Growth. ...
  • Tata Index Fund Nifty Direct Plan. ...
  • UTI Nifty Index Fund-Growth Option- Direct. ...
  • ICICI Prudential Nifty Index Plan Direct Growth. ...
  • DSP Equal Nifty 50 Fund Direct Growth. ...
  • Taurus Nifty Index Fund-Direct Plan-Growth Option. ...
  • Sundaram Nifty 100 Equal Wgt Dir Gr.

How much should I invest in index funds? ›

Best S&P 500 index funds with low costs for May 2022
Index fundMinimum investmentExpense ratio
Schwab S&P 500 Index Fund (SWPPX)No minimum0.02%
Fidelity 500 Index Fund (FXAIX)No minimum0.015%
Fidelity Zero Large Cap Index (FNILX)No minimum0.0%
T. Rowe Price Equity Index 500 Fund (PREIX)$2,5000.15%
1 more row

Which is better ETF or index fund? ›

The main difference between index funds and ETFs is that index funds can only be traded at the end of the trading day whereas ETFs can be traded throughout the day. ETFs may also have lower minimum investments and be more tax-efficient than most index funds.

Who owns BlackRock? ›

Laurence D. Fink is Founder, Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.

Is BlackRock an index fund? ›

Since launching index funds in the 1970's, BlackRock has become a global leader in index solutions. We offer a comprehensive suite of low cost index solutions across market exposures and asset classes.

Is BlackRock a mutual fund? ›

1. BlackRock Funds (iShares) The New York City-based BlackRock, Inc., which carries the title iShares instead of BlackRock, released its first mutual funds in 1998 in conjunction with PNC Financial Services Group.

Can you withdraw money from a target-date fund? ›

"It depends on your needs." But no matter how many years are left in a target-date fund, the glide path will be gradual. If you need to sell a target-date fund at any time, you shouldn't have to pay exit fees. But if you invested in a taxable fund, there may be tax penalties for withdrawal.

What happens when a target-date fund matures? ›

Nothing special happens with a Target Retirement Fund when it reaches its target date. The fund doesn't stop investing, and you don't need to take your money out of the fund. The gradual move from stocks to bonds simply continues.

What are two benefits of investing in a target-date fund? ›

Advantages of Target-Date Funds
  • Low minimum investments, allowing for instant diversification among various asset classes (equities, bonds, etc.)
  • Professionally managed portfolios, offering a hassle-free investment.
  • Low maintenance, as the funds are designed as a one-size-fits-all solution.

What are index funds Canada? ›

Canadian index mutual funds are specialized mutual funds that aim to equal the performance of a Canadian market index, such as the S&P/TSX 60. Canadian index mutual funds do show better long-run performance than many actively managed mutual funds with long-term track records.

What is Fidelity ClearPath? ›

Whether your retirement is just around the corner or still down the road, a Fidelity ClearPath® Retirement Portfolio is designed to help you reach a more financially secure retirement. With the help of your advisor, you can pick the Portfolio that's most appropriate for your target retirement date.

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