WBRPNX

About WBRPNX

BlackRock LifePath Index 2045 Fund Class S is a target-date collective investment trust designed for investors planning to retire around 2045. It pursues retirement outcomes by allocating across broadly diversified, index-based building blocks and gradually shifting from equities to fixed income along a predetermined glide path as the target date approaches. The strategy emphasizes transparent, low-cost access to global markets and seeks to closely track a custom blended benchmark that reflects its evolving asset mix over time. Core exposures typically include large- and small-cap U.S. equities, international equities, U.S. investment-grade credit and government bonds, securitized debt, and real estate, implemented primarily through BlackRock index funds and iShares vehicles. This structure positions the fund as a turnkey, professionally managed option within retirement plans, offering age-appropriate risk management and systematic de-risking as participants near retirement. According to sponsor materials, the fund does not follow a dedicated sustainable or impact strategy.