Morningstar

BlackRock LifePath® Dynamic 2040 Fund Class K Shares LPSFX

Medalist Rating as of May 21, 2026 See BlackRock Investment Hub

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 and bond index funds, including those that seek to maximize exposure to companies with higher ESG ratings and money market 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 2040.

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
LPREX	BlackRock LifePath® Dynamic 2040 Fund Investor A Shares	No Load	Open			Apr 30, 2001	$162.20M	0.840%	Above Average	$1,000	−$10.95M
STLEX	BlackRock LifePath® Dynamic 2040 Fund Institutional Shares	Institutional	Open			Mar 1, 1994	$55.72M	0.590%	Above Average	$2M	−$7.39M
LPCKX	BlackRock LifePath® Dynamic 2040 Fund Investor C Shares	Level Load	Open			May 3, 2010	$3.10M	1.590%	Above Average	$1,000	−$7,359.52
LPSFX	BlackRock LifePath® Dynamic 2040 Fund Class K Shares	Retirement, Large	Open			May 30, 2008	$326.32M	0.340%	Below Average	$5M	−$25.84M
LPRKX	BlackRock LifePath® Dynamic 2040 Fund Class R Shares	Retirement, Medium	Open			May 3, 2010	$15.75M	1.040%	Above Average	$100	−$524,088.70

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