Fund Evaluator:
BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX)
Follow This Fund
Best Performing in Target-Date 2070+ Over the Last Year
| 26.1% | Fidelity Advisor Freedom Blend 2070 Z (FRCNX) |
| 26.0% | Fidelity Advisor Freedom Blend 2070 I (FRCLX) |
| 25.3% | Fidelity Advisor Sust Trgt Dt 2070 Z (FRDEX) |
| 24.1% | BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX) |
| 24.1% | Fidelity Advisor Freedom 2070 Z (FRBOX) |
Fund Details
BlackRock LifePath® ESG Idx 2070 Inv A Overview
BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX) is an actively managed Allocation Target-Date 2070+ fund. BlackRock launched the fund in 2024.
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, including those that seek to maximize exposure to companies with higher environmental, social and governance (“ESG”) ratings as measured by MSCI, Inc., and money market funds in proportions based on its own comprehensive investment strategy.
About BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX)
There are 2 members of the management team with an average tenure of 1.60 years: Christopher Chung (2024), Peter Tsang (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI USA NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. BlackRock LifePath® ESG Idx 2070 Inv A has 11 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
BlackRock LifePath® ESG Idx 2070 Inv A is part of the Allocation global asset class and is within the Allocation fund group. BlackRock LifePath® ESG Idx 2070 Inv A has 39.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.4%. There is 39.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.0% (0.9% domestic bond, 0.1% foreign bond and 0.0% convertible bond). BlackRock LifePath® ESG Idx 2070 Inv A has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $133 million in total assets, which is below the $34 million average for the Target-Date 2070+ category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LEYAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock LifePath® ESG Idx 2070 Inv A expense ratio is average compared to funds in the Target-Date 2070+ category. BlackRock LifePath® ESG Idx 2070 Inv A has an expense ratio of 0.50%, which is 25% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock LifePath® ESG Idx 2070 Inv A has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 18% for the Target-Date 2070+ category.
Recently, in the month of June 2026, BlackRock LifePath® ESG Idx 2070 Inv A returned 0.1%, which earned it a grade of D, as the Target-Date 2070+ category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BlackRock LifePath® ESG Idx 2070 Inv A has a trailing yield of 1.60%, which is above the 1.45% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BlackRock LifePath® ESG Idx 2070 Inv A Grades
Year to date, the fund has returned 12.2%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 24.1% over the past year (grade of B).
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LEYAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LEYAX Return (NAV) | 0.1% | 14.3% | 24.1% | na | na | na |
| LEYAX Grade | D | B | B | na | na | na |
| +/- Category | -0.3% | 0.7% | 0.8% | na | na | na |
| Target-Date 2070+ Avg | 0.4% | 13.6% | 23.3% | 16.7% | na | na |
| LEYAX Tax Cost Ratio | na | na | 0.7% | na | na | na |
LEYAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LEYAX Return (NAV) | 12.2% | 21.1% | na | na | na | na | na | na | na | na | na |
| LEYAX Grade | B | C | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.6% | -0.0% | na | na | na | na | na | na | na | na | na |
| Target-Date 2070+ Avg | 11.6% | 21.1% | 14.2% | 20.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 13% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Chung Christopher (2024), Tsang Peter (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 39.1% |
Portfolio Allocation |
|
| Domestic Stock: | 59.4% |
| Foreign Stock: | 39.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.9% |
| Foreign Bond: | 0.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | September 24, 2024 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.50% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.67% |
| Share Class: | BlackRock LifePath® ESG Idx 2070 K |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
