BlackRock Retirement Income 2040 Fund (BRIDX)
Fund Info
| Issuer | Blackrock |
|---|---|
| Inception Date | Jul 30, 2020 |
| Category | Target Retirement Date |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
BRIDX has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Retirement Income 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Retirement Income 2040 Fund had a return of 2.53% year-to-date (YTD) and 9.38% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.53% | 10.00% |
| 1 month | 1.94% | 2.41% |
| 6 months | 8.51% | 16.70% |
| 1 year | 9.38% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of BRIDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.54% | 1.33% | -1.34% | 2.53% | ||||||||
| 2023 | 4.85% | -2.29% | 0.75% | 1.36% | -1.62% | 1.59% | 1.59% | -1.20% | -2.22% | -1.75% | 5.57% | 4.04% | 10.73% |
| 2022 | -2.13% | -2.13% | 0.16% | -3.71% | -0.67% | -5.12% | 4.27% | -2.05% | -5.54% | 2.15% | 4.29% | -1.84% | -12.17% |
| 2021 | -0.12% | 0.81% | 1.32% | 1.95% | 0.67% | 0.54% | 0.19% | 1.16% | -1.73% | 1.10% | -1.43% | 2.12% | 6.70% |
| 2020 | 1.36% | -0.82% | -0.74% | 4.99% | 1.99% | 6.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BRIDX is 59, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
BRIDX (BlackRock Retirement Income 2040 Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Retirement Income 2040 Fund (BRIDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Retirement Income 2040 Fund granted a 5.90% dividend yield in the last twelve months. The annual payout for that period amounted to $5.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $5.42 | $5.22 | $5.02 | $5.80 | $2.36 |
Dividend yield | 5.90% | 5.70% | 5.72% | 5.50% | 2.26% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Retirement Income 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.52 | $0.48 | $0.48 | $0.48 | $0.00 | $1.97 | |||||||
| 2023 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.42 | $0.40 | $0.44 | $5.22 |
| 2022 | $0.48 | $0.48 | $0.48 | $0.49 | $0.48 | $0.44 | $0.44 | $0.44 | $0.47 | $0.40 | $0.40 | $0.03 | $5.02 |
| 2021 | $0.48 | $0.48 | $0.48 | $0.51 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.51 | $5.80 |
| 2020 | $0.46 | $0.48 | $0.47 | $0.48 | $0.48 | $2.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Retirement Income 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Retirement Income 2040 Fund was 16.65%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current BlackRock Retirement Income 2040 Fund drawdown is 0.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.65% | Sep 3, 2021 | 281 | Oct 14, 2022 | — | — | — |
| -2.48% | Sep 3, 2020 | 16 | Sep 25, 2020 | 11 | Oct 12, 2020 | 27 |
| -2.4% | Oct 13, 2020 | 12 | Oct 28, 2020 | 6 | Nov 5, 2020 | 18 |
| -1.35% | Feb 17, 2021 | 12 | Mar 4, 2021 | 19 | Mar 31, 2021 | 31 |
| -1.26% | May 10, 2021 | 3 | May 12, 2021 | 12 | May 28, 2021 | 15 |
Volatility
Volatility Chart
The current BlackRock Retirement Income 2040 Fund volatility is 1.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.