LPRRX Fees and Costs — BlackRock LifePath Dynamic Retirement Fund, Class R
Data updated: 2026-08-25
The net expense ratio is 1.04% (1.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 17%.
LPRRX Fees and Expenses
Annual operating expenses and sales charges of LPRRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LPRRX Costs Over Time
On $10,000 invested in LPRRX, assuming 5% a year before costs, total costs come to $654 over 5 years, cutting the return by 1.10% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.04%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $654 |
| Value after costs | $10,390 | $11,216 | $12,109 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
LPRRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0069%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $357.4M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $21K (0.004% of average net assets)
LPRRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $27K | 84.97% |
| BofA Securities, Inc. | $3K | 10.22% |
| Citigroup Global Markets Inc. | $575 | 1.80% |
| Goldman Sachs & Co. LLC | $477 | 1.49% |
| Barclays Capital Inc. | $182 | 0.57% |
| Morgan Stanley & Co. LLC | $161 | 0.50% |
| TD Securities (USA) LLC | $146 | 0.46% |
LPRRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $357.4M | 100.00% |
BlackRock LifePath Dynamic Retirement Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LPSAX | Class K | 0.34% | — |
| STLAX | Institutional Class | 0.59% | none |
| LPRAX | Investor A | 0.84% | 5.25% |
| LPRRX | Class R | 1.04% | none |
| LPCRX | Investor C | 1.59% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.