BlackRock LifePath Dynamic 2045 Fund Institutional Shares (LPHIX)
| Fund Assets | 371.69M |
| Expense Ratio | 0.59% |
| Min. Investment | $2,000,000 |
| Turnover | 15.00% |
| Dividend (ttm) | 1.14 |
| Dividend Yield | 5.54% |
| Dividend Growth | -34.22% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 20.52 |
| YTD Return | 3.90% |
| 1-Year Return | 18.64% |
| 5-Year Return | 57.59% |
| 52-Week Low | 14.84 |
| 52-Week High | 20.78 |
| Beta (5Y) | 0.85 |
| Holdings | 52 |
| Inception Date | Jun 30, 2010 |
About LPHIX
BlackRock LifePath Dynamic 2045 Fund Institutional Shares is a target-date mutual fund designed primarily for investors planning to retire, or begin withdrawals, around the year 2045. Its central purpose is to provide a smooth investment trajectory toward retirement, aiming to balance growth and risk by automatically adjusting its asset allocation as the target date approaches. The fund invests broadly across global asset classes, including equities, fixed income, multi-asset funds, and money market securities, primarily through a diversified mix of affiliated open-end and exchange-traded funds. Early in its glide path, the portfolio maintains a higher allocation to equities for growth potential, and then incrementally becomes more conservative by increasing fixed income exposure as 2045 nears. This dynamic rebalancing reflects quantitatively measured risk to align with the evolving needs of retirement-focused investors. BlackRock LifePath Dynamic 2045 Fund Institutional Shares plays a key role in the retirement planning ecosystem by offering a professionally managed, turnkey solution for long-term investors seeking tailored risk management throughout their accumulation years.
Performance
LPHIX had a total return of 18.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.31%.
Top 10 Holdings
100.88% of assets| Name | Symbol | Weight |
|---|---|---|
| Mip Active Stock Master | n/a | 40.32% |
| Mip International Tilts Master Portfolio | n/a | 14.84% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 8.90% |
| BlackRock Diversified Fixed Income | BDVFX | 8.39% |
| BlackRock Cash Funds Treasury SL Agency | XTSLA | 7.71% |
| BlackRock Tactical Opportunities Fund Class K Shares | PBAKX | 4.89% |
| iShares Broad USD Investment Grade Corporate Bond ETF | USIG | 4.25% |
| EUR/USD Purchased | n/a | 3.88% |
| JPY/USD Purchased | n/a | 3.86% |
| JPY/EUR Purchased | n/a | 3.84% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.99781 | Dec 30, 2025 |
| Jul 17, 2025 | $0.14429 | Jul 18, 2025 |
| Dec 24, 2024 | $1.54174 | Dec 26, 2024 |
| Jun 28, 2024 | $0.19448 | Jul 1, 2024 |
| Dec 22, 2023 | $0.31154 | Dec 26, 2023 |
| Sep 29, 2023 | $0.07444 | Oct 2, 2023 |