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BlackRock LifePath Smart Beta 2045 Fund Class K (BIPJX)

9.99 -0.00 (-0.02%)
At close: September 25 at 8:00 PM EDT

Fund Summary

The investment seeks to provide for retirement outcomes based on quantitatively measured risk. In pursuit of its investment objective, the fund, which is a fund of funds, allocates and reallocates its assets among a combination of equity, fixed income and money market funds (the "underlying funds") 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 2045.

BlackRock LifePath Smart Beta 2045 Fund Class K

Blackrock Funds II
100 BELLEVUE PARKWAY
800-537-4942

Fund Overview

Category Target-Date 2045
Fund Family BlackRock
Net Assets 11.14M
YTD Return -8.17%
Yield 3.02%
Morningstar Rating
Inception Date Apr 20, 2007

Fund Operations

Last Dividend 0.35
Last Cap Gain 0.00
Holdings Turnover 104.00%
Average for Category --

Fees & Expenses

Expense BIPJX Category Average
Annual Report Expense Ratio (net) 0.23% 0.45%
Prospectus Net Expense Ratio 0.23% --
Prospectus Gross Expense Ratio 1.86% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.35%
Max Deferred Sales Load -- 1.50%
3 Yr Expense Projection 291 --
5 Yr Expense Projection 579 --
10 Yr Expense Projection 1,400 --

Management Information

Andrew Ang, Lead Manager since November 16, 2016
Andrew Ang, PhD, Managing Director, coordinates BlackRock's efforts in factor investing. He leads BlackRock's Factor-Based Strategies Group which manages macro and style factor multi-asset funds. The group optimizes factors to help meet investment outcomes, such as retirement savings, factor advisory mandates and bespoke factor solutions, and develops factor analytics tools leveraging BlackRock's Aladdin platform. Throughout his career, Dr. Ang has focused on identifying and harvesting factor risk premiums within and across asset classes. Before joining BlackRock in 2015, Dr. Ang was Chair of the Finance and Economics Division and the Ann F. Kaplan Professor of Business at Columbia Business School. He has published widely on equities, fixed income, asset and factor allocation, and alternative assets. His book, "Asset Management: A Systematic Approach to Factor Investing" is a comprehensive guide showing how factor risk premiums can be harvested in portfolio design and incorporated in all aspects of investment management. As a professor, Dr. Ang worked with several large institutional managers as an advisor and consultant. Dr. Ang earned a BEc(Hons) degree in actuarial studies from Macquarie University, and a PhD in finance and MS in statistics from Stanford University.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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