LPWIX – BlackRock LifePath® Dynamic 2065 Instl Investment Strategy | Morningstar

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Strategy

The investment seeks to provide for retirement outcomes based on quantitatively measured risk. The fund manager allocates and reallocates its assets among a combination of equity, bond and money market funds (the "underlying funds") and derivatives in proportions based on its own comprehensive investment strategy. Under normal circumstances, the manager intends to invest primarily in affiliated open-end funds and affiliated exchange-traded funds ("ETFs"), some of which may be index funds. The fund is designed for investors expecting to retire or to begin withdrawing assets around the year 2065.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LPWAX	BlackRock LifePath Dynamic 2065 Fund Investor A Shares	No Load	Open			Oct 30, 2019	$18.25M	0.840%	High	$1,000	$2.22M
LPWIX	BlackRock LifePath Dynamic 2065 Fund Institutional Shares	Institutional	Open			Oct 30, 2019	$1.44M	0.590%	Above Average	$2M	−$1.25M
LPWCX	BlackRock LifePath Dynamic 2065 Fund Investor C Shares	Level Load	Open			Oct 30, 2019	$1.26M	1.590%	Above Average	$1,000	$146,120.98
LPWRX	BlackRock LifePath Dynamic 2065 Fund Investor R Shares	Level Load	Open			Oct 30, 2019	$1.41M	1.040%	Low	$100	$467,880.42
LPWKX	BlackRock LifePath® Dynamic 2065 Fund Class K Shares	Retirement, Large	Open			Oct 30, 2019	$77.88M	0.340%	Below Average	$5M	$13.31M

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