# Portfolio overlap — LPSAX vs LPHAX

Comparing **BlackRock LifePath Dynamic Retirement Fund** (2026-03-31) and **BlackRock LifePath Dynamic 2045 Fund** (2026-03-31).

- Shared positions: 19
- BlackRock LifePath Dynamic Retirement Fund covered by BlackRock LifePath Dynamic 2045 Fund: 0.5516358906839023407372846917
- BlackRock LifePath Dynamic 2045 Fund covered by BlackRock LifePath Dynamic Retirement Fund: 0.5516358906839023407372846917

## BlackRock LifePath Dynamic Retirement Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| BlackRock Diversified Fixed Income Fund | 0.410906 | ✓ |
| DIVERSIFIED EQUITY MASTER MUTUAL FUNDS | 0.236463 | ✓ |
| ISHARES 0 5 YEAR TIPS BOND ETF | 0.101353 | ✓ |
| International Tilts Master Portfolio | 0.070187 | ✓ |
| BlackRock Tactical Opportunities Fund | 0.053755 | ✓ |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 0.049759 | ✓ |
| ISHARES CORE MSCI EMERGING MUTUAL FUND | 0.036256 | ✓ |
| ISHARES GLOBAL INFRASTRUCTURE ISHARES GLOBAL INFRASTRUCTUR | 0.017770 | ✓ |
| ISHARES MSCI EAFE SMALL CAP ETF | 0.012556 | ✓ |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.002665 | ✓ |
| BlackRock Real Estate Securities Fund | 0.002221 | ✓ |
| Russell 2000 ETF | 0.001913 |  |
| WHEAT SEP 26 | 0.001568 | ✓ |
| ZCS BRL 14.0087 05/12/25-01/04/27 CME | 0.001106 | ✓ |
| ISHARES MSCI CANADA ETF | 0.000748 | ✓ |
| ZURICH INSURANCE GROUP AG | 0.000214 | ✓ |
| USD P ZAR C @16.70000 EO | 0.000193 | ✓ |
| TSE TOPIX (Tokyo Price Index) Future | 0.000182 | ✓ |
| S+P/TSX 60 IX FUT MAR26 | 0.000089 | ✓ |
| ZTO EXPRESS CAYMAN INC (GS) (CFD) | 0.000076 |  |
| WORLDCLIMATE PARI MAR26 | 0.000020 |  |
| ZSCALER INC | 0.000001 | ✓ |

## BlackRock LifePath Dynamic 2045 Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DIVERSIFIED EQUITY MASTER MUTUAL FUNDS | 0.391440 | ✓ |
| International Tilts Master Portfolio | 0.138222 | ✓ |
| BlackRock Diversified Fixed Income Fund | 0.082650 | ✓ |
| ISHARES CORE MSCI EMERGING MUTUAL FUND | 0.082555 | ✓ |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.055985 | ✓ |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 0.052757 | ✓ |
| BlackRock Tactical Opportunities Fund | 0.050069 | ✓ |
| iShares Broad USD Investment Grade Corporate Bond ETF | 0.045782 |  |
| BlackRock Real Estate Securities Fund | 0.033663 | ✓ |
| iShares Core MSCI International Developed Markets ETF | 0.030441 |  |
| ISHARES MSCI EAFE SMALL CAP ETF | 0.022548 | ✓ |
| ISHARES MSCI CANADA ETF | 0.005699 | ✓ |
| ISHARES GLOBAL INFRASTRUCTURE ISHARES GLOBAL INFRASTRUCTUR | 0.004849 | ✓ |
| WHEAT SEP 26 | 0.001405 | ✓ |
| ZCS BRL 14.0087 05/12/25-01/04/27 CME | 0.001091 | ✓ |
| ZURICH INSURANCE GROUP AG | 0.000289 | ✓ |
| USD P ZAR C @16.70000 EO | 0.000183 | ✓ |
| TSE TOPIX (Tokyo Price Index) Future | 0.000171 | ✓ |
| S+P/TSX 60 IX FUT MAR26 | 0.000141 | ✓ |
| ISHARES 0 5 YEAR TIPS BOND ETF | 0.000060 | ✓ |
| ZSCALER INC | 0.000000 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-054528` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/893818/000141036826054528/0001410368-26-054528-index.htm>
- N-PORT (fund B) — accession `0001410368-26-054506` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/893818/000141036826054506/0001410368-26-054506-index.htm>

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