LIKAX – BlackRock LifePath® Index 2040 Inv A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide for retirement outcomes based on quantitatively measured risk. The fund allocates and reallocates its assets among a combination of equity and bond index funds and money market funds (the "underlying funds") in proportions based on its own comprehensive investment strategy. It will invest, under normal circumstances, at least 80% of its assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in its custom benchmark index, the LifePath Index 2040 Fund Custom Benchmark.

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
LIKAX	BlackRock LifePath® Index 2040 Fund Investor A Shares	No Load	Open			May 31, 2011	$130.25M	0.390%	Below Average	$1,000	−$19.12M
LIKIX	BlackRock LifePath® Index 2040 Fund Institutional Shares	Institutional	Open			May 31, 2011	$804.37M	0.140%	Low	$2M	−$103.58M
LIKPX	BlackRock LifePath® Index 2040 Fund Investor P Shares	Front Load	Open			Aug 6, 2018	$1.92B	0.390%	Low	$1,000	−$111.51M
LIKKX	BlackRock LifePath® Index 2040 Fund Class K Shares	Retirement, Large	Open			May 31, 2011	$12.25B	0.090%	Low	$5M	−$775.90M

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