iShares LifePath Target Date 2070 ETF (ITDJ) is an exchange-traded fund managed by BlackRock, Inc., that provides target date retirement investment solutions through a diversified portfolio of underlying iShares ETFs. The fund follows a glide path strategy designed for investors expecting to retire around 2070, automatically adjusting its asset allocation from growth-oriented equities to more conservative fixed income and other defensive assets as the target date approaches; it invests primarily in equity funds (domestic and international), fixed income funds, multi-asset funds, and real asset funds, with underlying holdings including iShares Core S&P 500 ETF, iShares Core MSCI Total International Stock ETF, iShares Core U.S. Aggregate Bond ETF, and others. ITDJ operates globally through its underlying funds' exposures to U.S. and international markets across developed and emerging economies, targeting retirement savers such as individuals in defined contribution plans like 401(k)s.
Launched in 2024 as part of BlackRock's expanded iShares LifePath target date ETF suite, ITDJ represents a strategic shift from mutual fund-only offerings to lower-cost, tax-efficient ETF structures, enabling intraday trading and appealing to a broader retail and institutional investor base. In late 2024, BlackRock announced enhancements to the LifePath series, including ITDJ's inclusion in model portfolios for major retirement plan providers and partnerships with recordkeepers to facilitate seamless adoption in workplace plans. The fund, domiciled in the United States with BlackRock Fund Advisors as investment adviser and headquartered in San Francisco alongside its parent, benefits from BlackRock's scale as the world's largest asset manager with over $10 trillion in assets under management.