BlackRock LifePath Index 2035 Fund
LIJKX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco CA 94105 San Francisco CA United States of America 94105
- IPO Date
- May 31, 2011
- CIK
- 0001549649
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock LifePath Index 2035 Fund (LIJKX) is a target-date mutual fund that provides retirement outcomes for investors expecting to retire around 2035 by investing in a global mix of broad, diversified asset classes through underlying index funds. The fund allocates and reallocates assets among equity index funds, such as BlackRock Russell 1000 Index Fund (approximately 36%), iShares Core MSCI Total International Stock ETF (approximately 23%), and BlackRock Small Cap Index Fund; bond index funds, including iShares U.S. Intermediate Government Bond Index Fund (approximately 11%), iShares U.S. Securitized Bond Index Fund (approximately 9%), iShares U.S. Intermediate Credit Bond Index Fund (approximately 7%), iShares U.S. Long Government Bond Index Fund (approximately 4%), and iShares U.S. Long Credit Bond Index Fund (approximately 3%); and other funds like iShares FTSE NAREIT All Equity REIT ETF (approximately 3%) and iShares Global Infrastructure ETF (approximately 2%), with allocations gradually de-risking along the LifePath glidepath to become more conservative as the target date approaches. Launched on May 31, 2011, as part of BlackRock's LifePath Index series within the target-date 2035 category, the fund is domiciled in the United States, managed from BlackRock's headquarters in New York, and available primarily to institutional investors with a minimum investment of $5 million, featuring a low net expense ratio of 0.09%. It targets retirement savers such as defined contribution plan participants, with assets under management exceeding $10.9 billion as of mid-2025 and global exposure including approximately 36% U.S. stocks, 34% U.S. bonds, 24% non-U.S. stocks, and smaller allocations to non-U.S. bonds, cash, and other assets. Portfolio managers include Christopher Chung (since June 2020), Peter Tsang (since January 2025), and Michael Pensky (since January 2025), overseeing the fund's implementation of its custom LifePath Index 2035 benchmark. Recent changes include the addition of new managers Tsang and Pensky in January 2025, enhancing the team's expertise in index-based retirement strategies. In June 2025, BlackRock completed its acquisition of HPS Investment Partners, bolstering its broader alternatives platform including private credit capabilities that complement public fixed income offerings relevant to LifePath funds' fixed income components, with HPS integrated into a new Private Financing Solutions unit. While not directly altering LIJKX, BlackRock launched LifePath Paycheck in April 2024—a related target-date solution with lifetime income options—that grew to $16 billion in assets by the end of 2024 through adoption by six employer plans, signaling ongoing innovation in the LifePath suite.