BlackRock LifePath Dynamic 2045 Fund Institutional Shares (LPHIX)

Fund Assets	371.69M
Expense Ratio	0.61%
Min. Investment	$2,000,000
Turnover	15.00%
Dividend (ttm)	0.19
Dividend Yield	0.89%
Dividend Growth	-74.10%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 22, 2026

Previous Close	21.86
YTD Return	11.81%
1-Year Return	15.21%
5-Year Return	45.27%
52-Week Low	19.08
52-Week High	22.49
Beta (5Y)	0.85
Holdings	53
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.

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

Performance

LPHIX had a total return of 15.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.84%.

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%
LPHAX	Investor A Shares	0.84%
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	$0.99781	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

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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