# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001752724-25-204378
**Filing Date:** 2025-8
**Character Count:** 15904
**Document Hash:** 8e3dac511d91588b3915c2e162962b24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204378.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204378

**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:** 251254529

**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:** 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:** $446930134.57

**Total Liabilities:** $88391980.31

**Net Assets:** $358538154.26

**Cash Not Reported:** $4458528.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063260 | 0.41%                | 5.37%                | 4.32%                |
| Class ID C000063261 | 0.40%                | 5.41%                | 4.32%                |
| Class ID C000088844 | 0.37%                | 5.30%                | 4.24%                |
| Class ID C000063262 | 0.45%                | 5.41%                | 4.37%                |
| Class ID C000082490 | 0.41%                | 5.33%                | 4.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1364646.83              | $-444704.68                                |
| Month 2  | $-1506849.73             | $15017424.07                               |
| Month 3  | $2797.99                 | $11972053.91                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES                     | BlackRock Cash Funds: Treasury, SL Agency Shares      | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  28758646 | NS      | $28758645.71  | 8.02%             |  |  |  | No            | 1                  | On Loan: No      |
| 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        |    246810 | NS      | $12695906.40  | 3.54%             |  |  |  | No            | 1                  | On Loan: —       |
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTSEP25                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       958 | NC      | $731024.13    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                 | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |   1046607 | NS      | $16170083.23  | 4.51%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Diversified Fixed Income Fund                            | BlackRock Diversified Fixed Income Fund               | CUSIP: 09260W584<br>LEI: 549300SEQK2DPV0R7O94 | Long             | EC               | RF                | US        |   1173480 | NS      | $11112859.29  | 3.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED EUR / SOLD USD                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | XX        |         1 | NC      | $26633.57     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | S+P500 EMINI FUT SEP25                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        22 | NC      | $166605.45    | 0.05%             |  |  |  | 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        |    106367 | NS      | $7730753.56   | 2.16%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CA        |         1 | NC      | $35516.50     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | NASDAQ 100 E-MINI SEP25                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -23 | NC      | $-341697.24   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  43735235 | NS      | $43752729.08  | 12.20%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CA        |         1 | NC      | $32802.91     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EMGMKT SEP25                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        38 | NC      | $63358.09     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-7840.78     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EAFE SEP25                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        45 | NC      | $87638.45     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED JPY / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $-53194.46    | -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        |   2348958 | NS      | $50675238.83  | 14.13%            |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)SEP25                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        81 | NC      | $181385.95    | 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        |    441205 | NS      | $6631307.62   | 1.85%             |  |  |  | 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        |    266609 | NS      | $20272948.36  | 5.65%             |  |  |  | No            | 1                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                         | S+P/TSX 60 IX FUT SEP25                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        25 | NC      | $49259.41     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED AUD / SOLD USD                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | AU        |         1 | NC      | $113854.07    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Osaka Exchange                                                     | TOPIX INDX FUTR SEP25                                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        35 | NC      | $148824.23    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                             | US ULTRA BOND CBT SEP25                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -98 | NC      | $-520699.92   | -0.15%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $2455.94      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                             | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |    603926 | NS      | $36253677.78  | 10.11%            |  |  |  | No            | 1                  | On Loan: —       |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                | CUSIP: 999113103<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2063246 | NS      | $161319417.02 | 44.99%            |  |  |  | No            | N/A                | On Loan: No      |
| iShares MSCI Canada ETF                                            | iShares MSCI Canada ETF                               | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             | EC               | RF                | US        |     39420 | NS      | $1821204.00   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| JPMorgan Chase Bank NA                                             | PURCHASED JPY / SOLD EUR                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $-507968.19   | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 SEP25                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       115 | NC      | $192948.13    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED EUR / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |         1 | NC      | $198422.36    | 0.06%             |  |  |  | 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