# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001752724-23-040611
**Filing Date:** 2023-2
**Character Count:** 14494
**Document Hash:** f53da262a0e60f963c6ae3c6ac5019b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040611.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040611

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds III
- **CENTRAL INDEX KEY:** 0000893818
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07332
- **FILM NUMBER:** 23668286

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 8006439691

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS GLOBAL INVESTORS FUNDS
- **DATE OF NAME CHANGE:** 20060201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS GLOBAL INVESTORS FUNDS INC
- **DATE OF NAME CHANGE:** 19990804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASTERWORKS FUNDS INC
- **DATE OF NAME CHANGE:** 19960607

## Series and Classes Contracts Data

### BlackRock LifePath Dynamic 2025 Fund (Series ID: S000029259)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000089947 | Investor A Shares    | LPBAX           |
| C000089948 | Investor C Shares    | LPBCX           |
| C000089949 | Institutional Shares | LPBIX           |
| C000089950 | Class K Shares       | LPBKX           |
| C000089951 | Class R Shares       | LPBRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Funds III

- **b. Investment Company Act file number:** 811-07332

- **c. CIK number of Registrant:** 0000893818

- **d. LEI of Registrant:** 5493008LW2651I1QB503

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock LifePath Dynamic 2025 Fund

- **b. EDGAR series identifier (if any):** S000029259

- **c. LEI of Series:** 549300PUBPJ8XG0R2G22

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $81815693.35

**Total Liabilities:** $4546163.56

**Net Assets:** $77269529.79

**Cash Not Reported:** $1110583.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000089950 | 2.49%                | 6.34%                | -2.69%               |
| Class ID C000089949 | 2.46%                | 6.27%                | -2.67%               |
| Class ID C000089948 | 2.34%                | 6.23%                | -2.81%               |
| Class ID C000089951 | 2.41%                | 6.27%                | -2.70%               |
| Class ID C000089947 | 2.49%                | 6.25%                | -2.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-394885.50              | $2389274.18                                |
| Month 2  | $-1045888.34             | $4788227.78                                |
| Month 3  | $22881.07                | $-1869152.00                               |

**Designated Index Information**

- **Index Name:** LifePath Dynamic Custom Benchmark - 2025

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                               | Title                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CORE ALPHA BOND LP RETIREMENT                                      | CORE ALPHA BOND LP RETIREMENT MUTUAL FUNDS                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    723951 | NS      | $12936068.36  | 16.74%            |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTMAR23                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         1 | NC      | $-953.21      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock High Yield Bond Portfolio                                | BlackRock High Yield Bond Portfolio                                | CUSIP: 09260B614<br>LEI: M0E4486GHQ4I64CULY35 | Long             | EC               | RF                | US        |    114562 | NS      | $760692.66    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Advantage Emerging Markets Fund                          | BlackRock Advantage Emerging Markets Fund                          | CUSIP: 09258N323<br>LEI: WEJ3VPF25HMUBXKZD351 | Long             | EC               | RF                | US        |    192520 | NS      | $1721127.91   | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                              | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |    274415 | NS      | $3957066.25   | 5.12%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core U.S. Aggregate Bond ETF                               | iShares Core U.S. Aggregate Bond ETF                               | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |     98403 | NS      | $9544106.97   | 12.35%            |  |  |  | No            | 1                  | On Loan: —       |
| Chicago Board of Trade                                             | US ULTRA BOND CBT MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         9 | NC      | $-17642.81    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-194.67      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of America N.A.                                               | PURCHASED JPY / SOLD USD                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |         1 | NC      | $561.20       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares MSCI EAFE Small-Cap ETF                                    | iShares MSCI EAFE Small-Cap ETF                                    | CUSIP: 464288273<br>LEI: 549300MJV5OZGVS4LX86 | Long             | EC               | RF                | US        |     33192 | NS      | $1874684.16   | 2.43%             |  |  |  | No            | 1                  | On Loan: —       |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares              | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   2230178 | NS      | $2230847.04   | 2.89%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EMGMKT MAR23                                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        45 | NC      | $-57859.65    | -0.07%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EAFE MAR23                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        13 | NC      | $-31210.01    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        15 | NC      | $-8724.42     | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares TIPS Bond ETF                                              | iShares TIPS Bond ETF                                              | CUSIP: 464287176<br>LEI: 549300EHD1VQKMRQ0829 | Long             | EC               | RF                | US        |     53744 | NS      | $5720511.36   | 7.40%             |  |  |  | No            | 1                  | On Loan: —       |
| Chicago Board of Trade                                             | US 5YR NOTE (CBT) MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $-11657.67    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US LONG BOND(CBT) MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        12 | NC      | $-25777.79    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio | MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio | CUSIP: 000000000<br>LEI: 5493004HUP3600ZFJ783 | Long             | EC               | RF                | US        |    438612 | NS      | $6121616.00   | 7.92%             |  |  |  | No            | N/A                | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES                     | BlackRock Cash Funds: Treasury, SL Agency Shares                   | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   3446028 | NS      | $3446028.10   | 4.46%             |  |  |  | No            | 1                  | On Loan: No      |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    448436 | NS      | $20678021.18  | 26.76%            |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                        | S+P500 EMINI FUT MAR23                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         8 | NC      | $-54610.75    | -0.07%            |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Total Return 2025                                        | BlackRock Total Return 2025                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    770919 | NS      | $9661315.35   | 12.50%            |  |  |  | No            | N/A                | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED CAD / SOLD USD                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $-6937.90     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                         | S+P/TSX 60 IX FUT MAR23                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |         6 | NC      | $-36952.64    | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares Developed Real Estate Index Fund                           | iShares Developed Real Estate Index Fund                           | CUSIP: 091936187<br>LEI: 549300CCO72SBIYZNP24 | Long             | EC               | RF                | US        |     11233 | NS      | $99974.35     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 MAR23                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        25 | NC      | $-78887.24    | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** BlackRock Funds III

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer