BlackRock L.P. ESG Index Fund 2070-A

The BlackRock L.P. ESG Index Fund 2070-A is a target-date mutual fund intended for investors planning to retire or begin withdrawing assets around the year 2070. It is structured as a fund-of-funds, primarily allocating its portfolio across a variety of underlying BlackRock index funds that emphasize environmental, social, and governance (ESG) criteria. The fund’s strategy involves dynamic asset allocation, gradually shifting from a heavier equity exposure toward bonds and cash as the target date approaches, thus aiming to manage risk as investors near retirement. Notable for its diversified global approach, most assets are invested in equity index funds—including U.S., developed international, and emerging markets—with a smaller allocation to fixed income and money market funds. The ESG orientation seeks to maximize exposure to companies with higher sustainability ratings, as assessed by recognized third-party benchmarks. The fund also may include holdings in real estate investment trusts (REITs), foreign securities, and select derivatives to mirror specific market indexes. As part of the BlackRock LifePath series, this fund plays a significant role in retirement planning, providing a long-term, risk-adjusted investment roadmap tailored to evolving investor needs over multiple decades.