About STLEX
BlackRock LifePath Dynamic 2040 Fund Institutional Shares is a target-date mutual fund structured to help investors prepare for retirement around the year 2040. This multi-asset fund dynamically allocates investments across a diverse global portfolio, including equities, fixed income, and cash equivalents. Its unique glide path gradually shifts allocations to become more conservative as the target retirement date approaches, aiming to balance growth potential in earlier years with risk reduction nearing retirement. The fund leverages a mix of active, factor-based, and passive strategies to optimize outcomes and is managed by a team of experienced professionals at BlackRock. As of mid-2024, the fund managed approximately $345.9 million in assets and had a net expense ratio of 0.59%. It serves institutional investors seeking an age-appropriate risk profile, and its structure and strategy position it as a prominent choice among retirement-focused investment solutions, offering broad market exposure without guaranteeing principal at any time, including the target date.
Fund Family BlackRock
Category Target-Date 2040
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol STLEX
Share Class Institutional Shares
Index Index is not available on Lipper Database
STLEX had a total return of 24.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.91%.
