BlackRock LifePath® Dynamic 2045 Fund Class R Shares (LPHRX)
| Fund Assets | 371.69M |
| Expense Ratio | 1.04% |
| Min. Investment | $100 |
| Turnover | 15.00% |
| Dividend (ttm) | 1.07 |
| Dividend Yield | 5.25% |
| Dividend Growth | -36.50% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 20.20 |
| YTD Return | 4.21% |
| 1-Year Return | 18.59% |
| 5-Year Return | 54.68% |
| 52-Week Low | 14.66 |
| 52-Week High | 20.46 |
| Beta (5Y) | n/a |
| Holdings | 52 |
| Inception Date | Jun 30, 2010 |
About LPHRX
BlackRock LifePath Dynamic 2045 Fund Class R is a target-date mutual fund designed for investors planning to retire around the year 2045. Its primary function is to help participants achieve appropriate retirement outcomes through a sophisticated, quantitatively measured approach to risk management. The fund employs a globally diversified investment strategy, allocating across a mix of equities, fixed income, and other asset classes, with allocations that gradually become more conservative as the retirement target date nears. This fund invests predominantly in affiliated BlackRock open-end funds and ETFs, leveraging both active and passive management styles for broad diversification and adaptability to evolving market conditions. Its portfolio features exposure to U.S. large-cap equities, international markets—including small-cap and emerging markets—and a range of fixed income securities. The fund is regularly rebalanced to maintain a risk profile suitable for investors with a horizon matching the 2045 retirement date. As part of the widely recognized LifePath series, it serves as a foundational option in workplace retirement plans and individual retirement strategies, providing an automated, age-appropriate investment solution linked to a specific target retirement year.
Performance
LPHRX had a total return of 18.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.36%.
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% |
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 | $0.92118 | Dec 30, 2025 |
| Jul 17, 2025 | $0.14429 | Jul 18, 2025 |
| Dec 24, 2024 | $1.48335 | Dec 26, 2024 |
| Jun 28, 2024 | $0.19448 | Jul 1, 2024 |
| Dec 22, 2023 | $0.29299 | Dec 26, 2023 |
| Sep 29, 2023 | $0.06035 | Oct 2, 2023 |