# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001752724-23-040627
**Filing Date:** 2023-2
**Character Count:** 12613
**Document Hash:** 79e5d280961a5c7f12410b232e3f60db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040627.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040627

**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:** 23668301

**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 2065 Fund (Series ID: S000066172)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000213843 | Investor C Shares    |  |
| C000213844 | Class K Shares       |  |
| C000213845 | Investor A Shares    |  |
| C000213846 | Institutional Shares |  |
| C000213847 | Class R Shares       |  |

## 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 2065 Fund

- **b. EDGAR series identifier (if any):** S000066172

- **c. LEI of Series:** 549300E56ZI4WKXURA60

**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:** $7308162.41

**Total Liabilities:** $1195179.33

**Net Assets:** $6112983.08

**Cash Not Reported:** $117693.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213844 | 6.13%                | 8.98%                | -4.55%               |
| Class ID C000213846 | 6.14%                | 8.99%                | -4.55%               |
| Class ID C000213845 | 6.04%                | 8.90%                | -4.47%               |
| Class ID C000213843 | 6.06%                | 8.84%                | -4.58%               |
| Class ID C000213847 | 6.04%                | 8.91%                | -4.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-124863.53              | $462453.82                                 |
| Month 2  | $-74133.90               | $477233.85                                 |
| Month 3  | $-5166.97                | $-258463.54                                |

**Designated Index Information**

- **Index Name:** LifePath Dynamic Custom Benchmark - 2065

- **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 MSCI EAFE ETF                                              | iShares MSCI EAFE ETF                                              | CUSIP: 464287465<br>LEI: 549300O0XO3KDQV68404 | Long             | EC               | RF                | US        |      1248 | NS      | $81918.72     | 1.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTMAR23                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        23 | NC      | $-15100.06    | -0.25%            |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock High Yield Bond Portfolio                                | BlackRock High Yield Bond Portfolio                                | CUSIP: 09260B614<br>LEI: M0E4486GHQ4I64CULY35 | Long             | EC               | RF                | US        |      9102 | NS      | $60435.53     | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Advantage Emerging Markets Fund                          | BlackRock Advantage Emerging Markets Fund                          | CUSIP: 09258N323<br>LEI: WEJ3VPF25HMUBXKZD351 | Long             | EC               | RF                | US        |     36825 | NS      | $329216.05    | 5.39%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                              | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |     20867 | NS      | $300901.06    | 4.92%             |  |  |  | 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        |      4287 | NS      | $242129.76    | 3.96%             |  |  |  | No            | 1                  | On Loan: —       |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares              | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    582995 | NS      | $583169.43    | 9.54%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EMGMKT MAR23                                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         6 | NC      | $-7714.62     | -0.13%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EAFE MAR23                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         4 | NC      | $-9603.08     | -0.16%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)MAR23                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         1 | NC      | $-581.62      | -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        |       484 | NS      | $51028.12     | 0.83%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Russell 2000 ETF                                           | iShares Russell 2000 ETF                                           | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       346 | NS      | $60328.56     | 0.99%             |  |  |  | No            | 1                  | On Loan: —       |
| Goldman Sachs International                                        | PURCHASED CAD / SOLD USD                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CA        |         1 | NC      | $58.06        | 0.00%             |  |  |  | No            | 2                  | 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        |     56136 | NS      | $783480.38    | 12.82%            |  |  |  | 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        |    533437 | NS      | $533436.74    | 8.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD EUR                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-118.71      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| BLACKROCK TOTAL RETURN                                             | BLACKROCK TOTAL RETURN 2065                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |       801 | NS      | $10042.42     | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     70701 | NS      | $3260130.58   | 53.33%            |  |  |  | No            | N/A                | On Loan: No      |
| iShares MSCI Canada ETF                                            | iShares MSCI Canada ETF                                            | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             | EC               | RF                | US        |      5489 | NS      | $179654.97    | 2.94%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Developed Real Estate Index Fund                           | iShares Developed Real Estate Index Fund                           | CUSIP: 091936187<br>LEI: 549300CCO72SBIYZNP24 | Long             | EC               | RF                | US        |     17716 | NS      | $157669.01    | 2.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of America N.A.                                               | PURCHASED USD / SOLD CAD                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $129.68       | 0.00%             |  |  |  | No            | 2                  | 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