# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001752724-23-040587
**Filing Date:** 2023-2
**Character Count:** 12643
**Document Hash:** cfdf6f60bbe84bd10ca2500f99c90dc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040587.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040587

**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:** 23668253

**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 2050 Fund (Series ID: S000022024)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000063260 | Investor A Shares    | LPRFX           |
| C000063261 | Institutional Shares | STLFX           |
| C000063262 | Class K              | LPSGX           |
| C000082490 | Class R Shares       | LPRPX           |
| C000088844 | Investor C Shares    | LPCPX           |

## 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 2050 Fund

- **b. EDGAR series identifier (if any):** S000022024

- **c. LEI of Series:** 549300NXE6O0QY579R37

**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:** $149419836.24

**Total Liabilities:** $21267843.93

**Net Assets:** $128151992.31

**Cash Not Reported:** $1723493.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063260 | 6.02%                | 8.83%                | -4.48%               |
| Class ID C000063261 | 6.10%                | 8.77%                | -4.45%               |
| Class ID C000088844 | 5.97%                | 8.74%                | -4.53%               |
| Class ID C000063262 | 6.13%                | 8.83%                | -4.42%               |
| Class ID C000082490 | 6.06%                | 8.77%                | -4.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1842850.66             | $8856612.21                                |
| Month 2  | $-307041.15              | $9302000.72                                |
| Month 3  | $392.78                  | $-5462726.22                               |

**Designated Index Information**

- **Index Name:** LifePath Dynamic Custom Benchmark - 2050

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTMAR23                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       142 | NC      | $-80756.84    | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock High Yield Bond Portfolio                                | BlackRock High Yield Bond Portfolio                                | CUSIP: 09260B614<br>LEI: M0E4486GHQ4I64CULY35 | Long             | EC               | RF                | US        |    200247 | NS      | $1329643.09   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Advantage Emerging Markets Fund                          | BlackRock Advantage Emerging Markets Fund                          | CUSIP: 09258N323<br>LEI: WEJ3VPF25HMUBXKZD351 | Long             | EC               | RF                | US        |    790648 | NS      | $7068394.02   | 5.52%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                              | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |    440794 | NS      | $6356243.86   | 4.96%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI EAFE Small-Cap ETF                                    | iShares MSCI EAFE Small-Cap ETF                                    | CUSIP: 464288273<br>LEI: 549300MJV5OZGVS4LX86 | Long             | EC               | RF                | US        |    129104 | NS      | $7291793.92   | 5.69%             |  |  |  | No            | 1                  | On Loan: —       |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares              | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  10559587 | NS      | $10562755.20  | 8.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EMGMKT MAR23                                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       120 | NC      | $-154292.40   | -0.12%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EAFE MAR23                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        30 | NC      | $-70425.35    | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-3084.74     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        21 | NC      | $-12214.18    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares iBoxx $ Investment Grade Corporate Bond ETF                | iShares iBoxx $ Investment Grade Corporate Bond ETF                | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |     29803 | NS      | $3142130.29   | 2.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Morgan Stanley & Co. International PLC                             | PURCHASED CAD / SOLD USD                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $-20628.09    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| iShares TIPS Bond ETF                                              | iShares TIPS Bond ETF                                              | CUSIP: 464287176<br>LEI: 549300EHD1VQKMRQ0829 | Long             | EC               | RF                | US        |      9578 | NS      | $1019482.32   | 0.80%             |  |  |  | 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        |   1507661 | NS      | $21042127.79  | 16.42%            |  |  |  | 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        |   4925239 | NS      | $4925239.27   | 3.84%             |  |  |  | No            | 1                  | On Loan: No      |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1547819 | NS      | $71372113.39  | 55.69%            |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                        | S+P500 EMINI FUT MAR23                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        13 | NC      | $-88742.48    | -0.07%            |  |  |  | No            | 1                  | 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        |        21 | NC      | $-129343.12   | -0.10%            |  |  |  | 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        |    396335 | NS      | $3527377.93   | 2.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 MAR23                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        15 | NC      | $-47332.35    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US ULTRA BOND CBT MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -4 | NC      | $3097.68      | 0.00%             |  |  |  | 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