# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001752724-25-204412
**Filing Date:** 2025-8
**Character Count:** 13732
**Document Hash:** ce3313336690c8257cbc5e0b3e1ca050
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204412.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204412

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds III
- **CENTRAL INDEX KEY:** 0000893818

**ORGANIZATION NAME:**
- **EIN:** 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:** 251254559

**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 2070 Fund (Series ID: S000086334)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000251824 | Class R       |  |
| C000251825 | Institutional |  |
| C000251826 | Investor A    |  |
| C000251827 | Investor C    |  |
| C000251828 | Class K       |  |

## 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 2070 Fund

- **b. EDGAR series identifier (if any):** S000086334

- **c. LEI of Series:** 5299002WL1SMHJYK3D29

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $4454957.81

**Total Liabilities:** $129615.92

**Net Assets:** $4325341.89

**Cash Not Reported:** $28490.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251828 | 0.62%                | 5.74%                | 4.66%                |
| Class ID C000251825 | 0.62%                | 5.75%                | 4.66%                |
| Class ID C000251826 | 0.52%                | 5.76%                | 4.57%                |
| Class ID C000251824 | 0.62%                | 5.65%                | 4.57%                |
| Class ID C000251827 | 0.52%                | 5.56%                | 4.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9793.94                | $24011.04                                  |
| Month 2  | $-18309.79               | $212824.70                                 |
| Month 3  | $3966.58                 | $159626.85                                 |

**Designated Index Information**

- **Index Name:** BlackRock LifePath Dynamic 2070 Custom Benchmark

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| iShares Broad USD Investment Grade Corporate Bond ETF              | iShares Broad USD Investment Grade Corporate Bond ETF | CUSIP: 464288620<br>LEI: 5493004QFMCNV0WLX398 | Long             | EC               | RF                | US        |       743 | NS      | $38219.92     | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTSEP25                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         7 | NC      | $5301.45      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                 | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |     13376 | NS      | $206656.65    | 4.78%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Diversified Fixed Income Fund                            | BlackRock Diversified Fixed Income Fund               | CUSIP: 09260W584<br>LEI: 549300SEQK2DPV0R7O94 | Long             | EC               | RF                | US        |      4143 | NS      | $39230.53     | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED JPY / SOLD EUR                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |         1 | NC      | $-6295.97     | -0.15%            |  |  |  | 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        |      1342 | NS      | $97536.56     | 2.26%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |     54136 | NS      | $54157.63     | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Russell 2000 ETF                                           | iShares Russell 2000 ETF                              | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       295 | NS      | $63658.05     | 1.47%             |  |  |  | No            | 1                  | On Loan: —       |
| Barclays Bank PLC                                                  | PURCHASED JPY / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $-305.47      | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio | International Tilts Master Portfolio                  | CUSIP: 000000000<br>LEI: 5493004HUP3600ZFJ783 | Long             | EC               | RF                | US        |     28016 | NS      | $604402.57    | 13.97%            |  |  |  | No            | N/A                | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD CAD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-8.84        | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)SEP25                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         1 | NC      | $2244.84      | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Real Estate Securities Fund                              | BlackRock Real Estate Securities Fund                 | CUSIP: 091936583<br>LEI: 549300619RPPBQL8JR35 | Long             | EC               | RF                | US        |      1387 | NS      | $20848.62     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core MSCI International Developed Markets ETF              | iShares Core MSCI International Developed Markets ETF | CUSIP: 46435G326<br>LEI: 549300LRJOM3FVVFKB50 | Long             | EC               | RF                | US        |      4048 | NS      | $307809.92    | 7.12%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core MSCI EAFE ETF                                         | iShares Core MSCI EAFE ETF                            | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |       790 | NS      | $65949.20     | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                             | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |      7902 | NS      | $474357.06    | 10.97%            |  |  |  | No            | 1                  | On Loan: No      |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                | CUSIP: 999113103<br>LEI: N/A                  | Long             | EC               | RF                | US        |     28376 | NS      | $2218672.90   | 51.29%            |  |  |  | No            | N/A                | On Loan: No      |
| iShares MSCI Canada ETF                                            | iShares MSCI Canada ETF                               | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             | EC               | RF                | US        |      2082 | NS      | $96188.40     | 2.22%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares MSCI Japan ETF                                             | iShares MSCI Japan ETF                                | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             | EC               | RF                | US        |       453 | NS      | $33961.41     | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED EUR / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |         1 | NC      | $2462.08      | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-57.40       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CA        |         1 | NC      | $485.22       | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 SEP25                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         1 | NC      | $1677.81      | 0.04%             |  |  |  | No            | 1                  | 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        |     31748 | NS      | $31748.21     | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED AUD / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | AU        |         1 | NC      | $1346.73      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** BlackRock Funds III

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer