Fund Evaluator:
BlackRock LifePath® Dyn 2035 K (LPJKX)
Follow This Fund
Best Performing in Target-Date 2035 Over the Last Year
| 17.5% | Fidelity Advisor Freedom Blend 2035 Z (FHSDX) |
| 17.0% | Fidelity Advisor Sust Trgt Dt 2035 Z (FSXRX) |
| 17.0% | T. Rowe Price Retirement 2035 (TRRJX) |
| 16.4% | Voya Index Solution 2035 Port Z (VSZDX) |
| 15.9% | Vanguard Target Retirement 2035 Fund (VTTHX) |
Fund Details
BlackRock LifePath® Dyn 2035 K Overview
BlackRock LifePath® Dyn 2035 K (LPJKX) is an actively managed Allocation Target-Date 2035 fund. BlackRock launched the fund in 2010.
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, bond and money market funds (the "underlying funds") and derivatives 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 2035.
About BlackRock LifePath® Dyn 2035 K (LPJKX)
There are 3 members of the management team with an average tenure of 6.05 years: Philip Green (2016), Michael Pensky (2024), Christopher Chung (2020). 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® Dyn 2035 K has 52 securities in its portfolio. The top 10 holdings constitute 105.9% 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® Dyn 2035 K is part of the Allocation global asset class and is within the Allocation fund group. BlackRock LifePath® Dyn 2035 K has 35.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 33.2%. There is 35.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.7% (38.0% domestic bond, 0.6% foreign bond and 0.0% convertible bond). BlackRock LifePath® Dyn 2035 K has -5.2% of the portfolio in cash.
Assets Under Management
The fund has $353 million in total assets, which is below the $1 billion average for the Target-Date 2035 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.
LPJKX 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® Dyn 2035 K expense ratio is below average compared to funds in the Target-Date 2035 category. BlackRock LifePath® Dyn 2035 K has an expense ratio of 0.34%, which is 49% 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® Dyn 2035 K 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 23% for the Target-Date 2035 category.
Recently, in the month of July 2026, BlackRock LifePath® Dyn 2035 K returned -0.3%, which earned it a grade of A, as the Target-Date 2035 category had an average return of -0.7%. 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® Dyn 2035 K has a trailing yield of 1.31%, which is below the 2.30% category average. The fund normally distributes its income annually and its capital gains semi-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® Dyn 2035 K Grades
Year to date, the fund has returned 8.0%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 15.8% over the past year (grade of B), 13.1% over the past three years (grade of C) and 7.2% per year over the past five years (grade of B) and 9.6% per year over the past 10 years (grade of B).
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LPJKX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LPJKX Return (NAV) | -0.3% | 2.0% | 15.8% | 13.1% | 7.2% | 9.6% |
| LPJKX Grade | A | F | B | C | B | B |
| +/- Category | 0.5% | -0.3% | 1.1% | 0.5% | 0.6% | 0.6% |
| Target-Date 2035 Avg | -0.7% | 2.3% | 14.7% | 12.6% | 6.6% | 9.0% |
| LPJKX Tax Cost Ratio | na | na | 1.6% | 1.8% | 2.0% | 2.1% |
LPJKX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LPJKX Return (NAV) | 8.0% | 15.6% | 12.1% | 17.5% | -16.3% | 14.0% | 14.1% | 23.9% | -6.2% | 19.8% | 7.8% |
| LPJKX Grade | B | D | A | A | B | C | C | A | A | B | C |
| +/- Category | 0.7% | -0.1% | 0.8% | 1.3% | 0.4% | 0.0% | -0.3% | 1.4% | 1.1% | 0.9% | 0.2% |
| Target-Date 2035 Avg | 7.2% | 15.7% | 11.2% | 16.2% | -16.7% | 13.9% | 14.4% | 22.5% | -7.3% | 18.9% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 9.7% |
| Total Risk Index: | 0.79 - Average |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (52% Rank) |
| Beta: | 1.02 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $433 Mil |
| Fund Total Assets: | $ 354 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 13% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.7 years | |||
| Average Tenure: 6.0 years | |||
| Managers (Year): Green Philip (2016), Chung Christopher (2020), Pensky Michael (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 52 |
| % in Top 10 Holdings: | 105.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.7% |
Portfolio Allocation |
|
| Domestic Stock: | 33.2% |
| Foreign Stock: | 35.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 38.0% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | -1.7% |
| Cash: | -5.2% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-537-4942 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | June 30, 2010 |
| Min. Initial Purchase: | $5,000,000 |
| 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: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.34% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | BlackRock LifePath® Dyn 2035 K |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
