BlackRock LifePath Dynamic 2045 Fund Investor A Shares (LPHAX)

Fund Assets	371.69M
Expense Ratio	0.881%
Min. Investment	$1,000
Turnover	15.00%
Dividend (ttm)	0.15
Dividend Yield	0.71%
Dividend Growth	-78.67%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 22, 2026

Previous Close	21.65
YTD Return	11.19%
1-Year Return	14.48%
5-Year Return	43.03%
52-Week Low	18.93
52-Week High	22.28
Beta (5Y)	0.96
Holdings	53
Inception Date	Jun 30, 2010

About LPHAX

BlackRock LifePath Dynamic 2045 Fund Investor A Shares is a target-date mutual fund designed to help investors plan for retirement around the year 2045. The fund’s primary purpose is to provide a long-term investment solution that automatically adjusts its asset allocation as the target retirement date approaches. It achieves broad global diversification by investing in a mix of affiliated open-end mutual funds and exchange-traded funds covering equities, fixed income, and cash equivalents. The investment strategy combines active, factor-based, and passive management techniques to balance growth potential and risk. As the fund nears the 2045 target date, its portfolio gradually becomes more conservative, shifting from a growth-oriented allocation to a greater emphasis on capital preservation. Notable features include dynamic risk management and exposure to multiple asset classes and sectors worldwide, all managed within a single fund structure. BlackRock LifePath Dynamic 2045 Fund plays a significant role in the defined contribution and retirement planning space, offering an all-in-one portfolio solution for individuals seeking an age-appropriate investment glide path that adapts to changing market conditions and investor needs.

• Fund Family: BlackRock
• Category: Target-Date 2045
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: LPHAX
• Share Class: Investor A Shares
• Index: Index is not available on Lipper Database

Performance

LPHAX had a total return of 14.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.57%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VTIVX	Vanguard	Vanguard Target Retirement 2045 Fund	0.08%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LPHKX	Class K Shares	0.34%
LPHIX	Institutional Shares	0.59%
LPHRX	Class R Shares	1.04%
LPHCX	Investor C Shares	1.59%

Top 10 Holdings

105.47% of assets

Name	Symbol	Weight
Mip Active Stock Master	n/a	43.72%
Mip International Tilts Master Portfolio	n/a	16.00%
iShares Core MSCI Emerging Markets ETF	IEMG	9.53%
BlackRock Diversified Fixed Income	BDVFX	8.97%
JPY/USD Purchased	n/a	8.16%
BlackRock Tactical Opportunities K	PBAKX	5.28%
iShares Broad USD Investment Grade Corporate Bond ETF	USIG	4.72%
iShares Core MSCI International Developed Markets ETF	IDEV	3.28%
AUD/USD Purchased	n/a	2.95%
BlackRock Real Estate Securities Fund Institutional Shares	BIREX	2.86%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 22, 2026	$0.14075	Jul 23, 2026
Dec 29, 2025	$0.95773	Dec 30, 2025
Jul 17, 2025	$0.14429	Jul 18, 2025
Dec 24, 2024	$1.51509	Dec 26, 2024
Jun 28, 2024	$0.19448	Jul 1, 2024
Dec 22, 2023	$0.30201	Dec 26, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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