BlackRock LifePath® Dyn 2045 R (LPHRX)

Fund Assets	371.69M
Expense Ratio	1.04%
Min. Investment	$100
Turnover	15.00%
Dividend (ttm)	0.12
Dividend Yield	0.54%
Dividend Growth	-82.96%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 22, 2026

Previous Close	21.92
YTD Return	13.39%
1-Year Return	19.46%
5-Year Return	43.49%
52-Week Low	18.78
52-Week High	22.09
Beta (5Y)	0.96
Holdings	49
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.

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

Performance

LPHRX had a total return of 19.46% 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%
LPHAX	Investor A Shares	0.84%
LPHCX	Investor C Shares	1.59%

Top 10 Holdings

103.58% of assets

Name	Symbol	Weight
Mip Active Stock Master	n/a	41.64%
Mip International Tilts Master Portfolio	n/a	14.85%
iShares Core MSCI Emerging Markets ETF	IEMG	9.70%
BlackRock Diversified Fixed Income	BDVFX	8.67%
Micro E-mini S&P 500 Index Future Sept 26	n/a	6.37%
BlackRock Cash Funds Treasury SL Agency	XTSLA	5.11%
BlackRock Tactical Opportunities K	PBAKX	4.93%
Cash Offset	n/a	4.80%
iShares Broad USD Investment Grade Corporate Bond ETF	USIG	4.28%
Us 10Yr Note Sep 26	n/a	3.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 22, 2026	$0.14075	Jul 23, 2026
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

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:

Aug 27, 2026

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