At a glance
ITDH charges 0.12% a year, below the 0.86% average of the 7 funds most like it (the cheapest of 8). It has $39.4M in assets, the 8th largest of that group; it paid 1.41% of its price in distributions over the past 12 months, annual. Over the past year it returned +13.2% with distributions reinvested (S&P 500: +11.5%), the best of those 8 funds; over three years it returned +23.2% a year.
The short version
iShares LifePath Target Date 2060 ETF (ITDH) is a BlackRock fund of funds. It holds a handful of other iShares ETFs and shifts slowly from stocks toward bonds as 2060 nears. As of July 31, 2026, nearly 99% of its assets sat in stock funds led by the iShares Russell 1000 ETF. Its 0.12% expense ratio is low for a hands-off, all-in-one portfolio. But the fund is small, with about $39.4 million in net assets.
Price history
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ITDH +13.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| ITDH official prospectus, to Dec 31, 2024 | — | +16.62% | — | — | — | +23.16% |
| Russell1000Index index, same period | — | +24.51% | — | — | — | +29.73% |
| Bloomberg US Aggregate Bond Index index, same period | — | +1.25% | — | — | — | +7.99% |
| ITDH price data to Oct 27, 2026 | +12.9% | +13.2% | +23.2% | — | — | +21.7% |
- Over the year to Oct 27, 2026, ITDH returned +13.2%, 1st of 8 among similar funds.
- Its worst full calendar year was 2024 (+16.7%); its best was 2025 (+21.7%).
- The deepest fall in its price history was 16.3% (Feb 18, 2025 to Apr 8, 2025), recovered by May 19, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.9% | — |
| 2025 | +21.7% | — |
| 2024 | +16.7% | +16.62% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.6000 | +15.4% |
| 2024 | $0.5200 |
What's inside
As of Jul 31, 2026, the fund held 6 securities; the ten largest made up 99.85% of assets.
| Fund held | Weight | |
|---|---|---|
| ISHARES RUSSELL 1000 ETF Other | 56.87% | |
| ISHARES CORE MSCI INTERNATIONAL DEVELOPED MARKETS Other | 26.26% | |
| ISHARES CORE MSCI EMERGING MARKETS ETF Other | 11.43% | |
| ISHARES RUSSELL 2000 ETF Other | 3.36% | |
| ISHARES CORE U S REIT ETF Other | 0.99% | |
| ISHARES 10 YEAR INVESTMENT GRADE CORPORATE BOND E Other | 0.94% |
By country
United States 99.85%By asset type
Other 99.85%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $5.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.44%, -0.18%, -0.61%.
How it works
ITDH does not track an index. Its manager, BlackRock Fund Advisors (BFA), decides how to split money among "underlying funds," which are mostly other iShares ETFs. BFA uses its own risk models, which study past and forward-looking market data such as expected returns and how asset classes move together. The fund must keep at least 80% of its assets in securities that match a custom benchmark. BlackRock does not publish that benchmark.
The mix follows a glide path, a preset schedule that grows more conservative over time. With 30 years to retirement, the target is 98% stocks and 2% bonds. The stock share includes REITs (real estate investment trusts). The target drops to 87% stocks at 20 years and 65% at 10 years. At the target date it reaches 40% stocks and 60% bonds. Managers may make limited changes for market conditions. Near the target date, the fund is expected to merge with BlackRock's LifePath Retirement fund, if the board approves.
As of July 31, 2026, the fund held six funds. They were the iShares Russell 1000 ETF (56.9%), iShares Core MSCI International Developed Markets ETF (26.3%), iShares Core MSCI Emerging Markets ETF (11.4%), iShares Russell 2000 ETF (3.4%), iShares Core U.S. REIT ETF (1.0%) and iShares 10+ Year Investment Grade Corporate Bond ETF (0.9%). The prospectus reports portfolio turnover of 12%.
What it really costs
- ITDH charges 0.12% a year, versus an average of 0.86% for the similar funds below (1st of 8, cheapest first).
- Of that, 0% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $12 in the first year and $154 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| ITDH | $12 | $39 | $68 | $154 |
Structure and tax notes
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
In a retirement portfolio
It bundles U.S., international and emerging-market stocks with a small bond slice in one fund, and its mix is set to grow more conservative as 2060 nears.
ITDH could serve as a one-fund core for someone retiring around 2060. It launched in October 2023, so it has no record from the 2008, 2020 or 2022 downturns. It has had no losing calendar year yet: its weakest, 2024, still gained about 16.6%. Its deepest drop was 16.3%, from February 18 to April 8, 2025. It recovered by May 19, 2025, about 1.3 months later. With nearly all its assets in stocks, it could fall much further in a long bear market. Anyone forced to sell in a bad year would sell at low prices. Income is modest: the trailing yield was 1.41% as of October 27, 2026, and the fund pays once a year. Costs are low at 0.12%, or $154 over 10 years in the SEC's $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Savers aiming to retire around 2060 who want one fund that moves from about 99% stocks to 40% stocks by the target date.
- Cost-conscious investors: the expense ratio is 0.12%, or $154 over 10 years in the SEC's standard $10,000 example.
- People who can live with stock-market swings, like the 16.3% drop in early 2025, in return for broad global stock exposure.
Look elsewhere if
- Retirees who need regular income: the trailing yield was 1.41% as of October 27, 2026, and it is paid only once a year.
- Investors who want a long track record: the fund launched in October 2023 and has never been through a full bear market.
- Those wary of small funds: net assets were about $39.4 million as of July 31, 2026, and the prospectus flags risks tied to fund size.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| ITDH this fund | 0.12% | $39.4M | +13.2% | +23.2% |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
What does ITDH invest in?
ITDH invests in other iShares ETFs, not in stocks directly. As of July 31, 2026, its largest holding was the iShares Russell 1000 ETF at 56.9%. Next came the iShares Core MSCI International Developed Markets ETF at 26.3% and the iShares Core MSCI Emerging Markets ETF at 11.4%. Smaller slices went to the iShares Russell 2000 ETF, the iShares Core U.S. REIT ETF and the iShares 10+ Year Investment Grade Corporate Bond ETF. Nearly 99% was in stock funds.
What is the expense ratio of ITDH?
ITDH's expense ratio is 0.12%, according to its prospectus filed November 21, 2025. The SEC's standard example assumes $10,000 invested, a 5% yearly return and a sale at the end of each period. On that basis, costs come to about $12 after one year, $68 after five and $154 after ten. BlackRock runs both ITDH and the funds it buys. The prospectus flags this as a possible conflict of interest.
Does ITDH get more conservative as 2060 gets closer?
Yes. ITDH follows a glide path, a preset schedule that moves money from stocks to bonds over time. The target is 98% stocks with 30 years to retirement, 87% at 20 years and 65% at 10 years. At the target date it reaches 40% stocks and 60% bonds. Managers may make limited changes for market conditions. Near the target date, the fund is expected to merge into BlackRock's LifePath Retirement fund, if the board approves.
Does ITDH pay dividends?
Yes, once a year. Over the 12 months to October 27, 2026, it paid about $0.60 per share, for a trailing yield of 1.41%. The money comes from dividends and interest earned by its underlying funds. Because nearly all of its assets sit in stock funds, the yield is low. The fund is built mainly to grow savings over decades, not to produce steady income.
How did ITDH do in the 2025 stock market drop?
ITDH fell 16.3% from its February 18, 2025 peak to its April 8, 2025 low. That is its deepest drop since launch. It was back at its old high by May 19, 2025, about 1.3 months later. Its price-based return for all of 2025 was about 21.7%. The fund launched in October 2023, so it has no record from the 2008, 2020 or 2022 downturns. A longer bear market could hurt more.