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BlackRock LifePath® Index 2055 K Overview

BlackRock LifePath® Index 2055 K (LIVKX) is an actively managed Allocation Target-Date 2055 fund. BlackRock launched the fund in 2011.

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 2055 Fund Custom Benchmark.

About BlackRock LifePath® Index 2055 K (LIVKX)

There are 3 members of the management team with an average tenure of 3.07 years: Michael Pensky (2025), Christopher Chung (2020), Peter Tsang (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. BlackRock LifePath® Index 2055 K has 10 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 not considered to have an ESG focus with its investment selection and management.

BlackRock LifePath® Index 2055 K is part of the Allocation global asset class and is within the Allocation fund group. BlackRock LifePath® Index 2055 K has 37.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.1%. There is 37.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.9% (1.6% domestic bond, 0.3% foreign bond and 0.0% convertible bond). BlackRock LifePath® Index 2055 K has 3.7% of the portfolio in cash.

Assets Under Management

The fund has $8 billion in total assets, which is above the $1 billion average for the Target-Date 2055 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.

LIVKX 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® Index 2055 K expense ratio is low compared to funds in the Target-Date 2055 category. BlackRock LifePath® Index 2055 K has an expense ratio of 0.09%, which is 87% lower than its category average, making the fund expense ratio grade a A. 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® Index 2055 K has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 23% for the Target-Date 2055 category.

Recently, in the month of July 2026, BlackRock LifePath® Index 2055 K returned -0.7%, which earned it a grade of C, as the Target-Date 2055 category had an average return of -0.8%. 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® Index 2055 K has a trailing yield of 1.77%, which is above the 1.55% 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® Index 2055 K Grades

Year to date, the fund has returned 11.4%, 0.8 percentage points better than the category, which translates into a grade of B. The fund has returned 22.3% over the past year (grade of A), 17.7% over the past three years (grade of A) and 10.3% per year over the past five years (grade of A) and 11.9% per year over the past 10 years (grade of A).

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