Form NPORT-P BlackRock Funds III For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0000893818
          XXXXXXXX
        
      
      
      
      
        S000022024
        C000063260
        C000063261
        C000088844
        C000063262
        C000082490
      
      
      
    
  
  
    
      BlackRock Funds III
      811-07332
      0000893818
      5493008LW2651I1QB503
      100 Bellevue Parkway
      Wilmington
      
      19809
      800-441-7762
      BlackRock LifePath Dynamic 2050 Fund
      S000022024
      549300NXE6O0QY579R37
      2022-12-31
      2022-03-31
      N
    
    
      167226383.61
      4598568.24
      162627815.37
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      813735.41000000
      
        
        
      
      N
      
        
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        ICE Futures Europe - Financial Products Division
        N/A
        
        000000000
        
          
        
        16.00000000
        NC
        
        50207.70000000
        0.030872762993
        N/A
        DE
        
        GB
        N
        
        2
        
          
            
              ICE Futures Europe - Financial Products Division
              N/A
            
            Long
            
              
                FTSE 100 Index Future
                Z M2 INDEX
              
            
            2022-06-17
            1153351.76000000
            GBP
            50207.70000000
          
        
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        922.96000000
        0.000567528991
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            218210.08000000
            USD
            274000.00000000
            CAD
            2022-06-15
            922.96000000
          
        
        
          N
          N
          N
        
      
      
        CORE ALPHA BOND LP RETIREMENT
        N/A
        
        000000000
        
          
        
        30128.44700000
        NS
        USD
        586911.19000000
        0.360892254910
        Long
        EC
        RF
        US
        N
        
        N/A
        
          N
          N
          N
        
      
      
        Deutsche Bank AG
        7LTWFZYICNSX8D621K86
        
        000000000
        
          
        
        1.00000000
        NC
        
        -52062.81000000
        -0.03201347191
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Deutsche Bank AG
              7LTWFZYICNSX8D621K86
            
            2575111.00000000
            AUD
            1877215.75000000
            USD
            2022-06-15
            -52062.81000000
          
        
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        40398.39000000
        0.024841008844
        N/A
        DFE
        
        AU
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            1888797.01000000
            USD
            2575000.00000000
            AUD
            2022-06-15
            40398.39000000
          
        
        
          N
          N
          N
        
      
      
        BlackRock Advantage Emerging Markets Fund
        WEJ3VPF25HMUBXKZD351
        
        09258N323
        
          
        
        1575468.15100000
        NS
        USD
        17062320.08000000
        10.49163701866
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deutsche Bank AG
        7LTWFZYICNSX8D621K86
        
        000000000
        
          
        
        1.00000000
        NC
        
        -95895.19000000
        -0.05896604451
        N/A
        DFE
        
        JP
        N
        
        2
        
          
            
              Deutsche Bank AG
              7LTWFZYICNSX8D621K86
            
            1814073.79000000
            USD
            208785000.00000000
            JPY
            2022-06-15
            -95895.19000000
          
        
        
          N
          N
          N
        
      
      
        BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES
        5493008LW2651I1QB503
        
        066922477
        
          
        
        13462362.92000000
        NS
        USD
        13462362.92000000
        8.278019900452
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        iShares Core U.S. Aggregate Bond ETF
        549300F7VSXTKBGHJE47
        
        464287226
        
          
        
        11490.00000000
        NS
        USD
        1230579.00000000
        0.756684210016
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deutsche Bank AG
        7LTWFZYICNSX8D621K86
        
        000000000
        
          
        
        1.00000000
        NC
        
        43794.31000000
        0.026929163317
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              Deutsche Bank AG
              7LTWFZYICNSX8D621K86
            
            1855625.32000000
            USD
            2375000.00000000
            CAD
            2022-06-15
            43794.31000000
          
        
        
          N
          N
          N
        
      
      
        iShares MSCI EAFE Small-Cap ETF
        549300MJV5OZGVS4LX86
        
        464288273
        
          
        
        140886.00000000
        NS
        USD
        9346377.24000000
        5.747096349253
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BlackRock Funds III
        5493008LW2651I1QB503
        
        066922519
        
          
        
        1307418.72400000
        NS
        USD
        1307157.24000000
        0.803772243405
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Osaka Exchange
        3538001249AILNPRUX57
        
        000000000
        
          
        
        -99.00000000
        NC
        
        -64875.98000000
        -0.03989230246
        N/A
        DE
        
        JP
        N
        
        2
        
          
            
              Osaka Exchange
              3538001249AILNPRUX57
            
            Short
            
              
                TSE Mini Topix Future
                TMIM2 INDEX
              
            
            2022-06-09
            -182922901.00000000
            JPY
            -64875.98000000
          
        
        
          N
          N
          N
        
      
      
        iShares iBoxx $ Investment Grade Corporate Bond ETF
        549300FYCXFXG8POR355
        
        464287242
        
          
        
        2373.00000000
        NS
        USD
        286990.62000000
        0.176470808113
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        iShares TIPS Bond ETF
        549300EHD1VQKMRQ0829
        
        464287176
        
          
        
        7991.00000000
        NS
        USD
        995438.87000000
        0.612096318046
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        The Montreal Exchange / Bourse De Montreal
        N/A
        
        000000000
        
          
        
        24.00000000
        NC
        
        78880.90000000
        0.048503941235
        N/A
        DE
        
        CA
        N
        
        1
        
          
            
              The Montreal Exchange / Bourse De Montreal
              N/A
            
            Long
            
              
                Montreal Exchange S&P/TSX 60 Index Future
                PTM2 INDEX
              
            
            2022-06-16
            6223467.04000000
            CAD
            78880.90000000
          
        
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        91988.85000000
        0.056564032290
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            208785060.00000000
            JPY
            1810167.94000000
            USD
            2022-06-15
            91988.85000000
          
        
        
          N
          N
          N
        
      
      
        Italian Derivatives Market
        N/A
        
        000000000
        
          
        
        30.00000000
        NC
        
        20050.77000000
        0.012329237747
        N/A
        DE
        
        IT
        N
        
        2
        
          
            
              Italian Derivatives Market
              N/A
            
            Long
            
              
                FTSE/MIB Index Mini Future
                SWM2 INDEX
              
            
            2022-06-17
            708520.90000000
            EUR
            20050.77000000
          
        
        
          N
          N
          N
        
      
      
        MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio
        5493004HUP3600ZFJ783
        
        000000000
        
          
        
        1603704.34000000
        NS
        USD
        23926466.90000000
        14.71240749656
        Long
        EC
        RF
        US
        N
        
        N/A
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        823.22000000
        0.000506198769
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            206000.00000000
            EUR
            229326.20000000
            USD
            2022-06-15
            823.22000000
          
        
        
          N
          N
          N
        
      
      
        ICE Futures U.S., Inc.
        5493004R83R1LVX2IL36
        
        000000000
        
          
        
        58.00000000
        NC
        USD
        268492.39000000
        0.165096228704
        N/A
        DE
        
        US
        N
        
        1
        
          
            
              ICE Futures U.S., Inc.
              5493004R83R1LVX2IL36
            
            Long
            
              
                ICE US mini MSCI EAFE Index Futures
                MFSM2 INDEX
              
            
            2022-06-17
            5950267.61000000
            USD
            268492.39000000
          
        
        
          N
          N
          N
        
      
      
        Deutsche Bank AG
        7LTWFZYICNSX8D621K86
        
        000000000
        
          
        
        1.00000000
        NC
        
        -88012.57000000
        -0.05411901389
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Deutsche Bank AG
              7LTWFZYICNSX8D621K86
            
            4782000.00000000
            EUR
            5216362.45000000
            USD
            2022-06-15
            -88012.57000000
          
        
        
          N
          N
          N
        
      
      
        Meff Financial Derivatives
        N/A
        
        000000000
        
          
        
        84.00000000
        NC
        
        3142.76000000
        0.001932486145
        N/A
        DE
        
        ES
        N
        
        2
        
          
            
              Meff Financial Derivatives
              N/A
            
            Long
            
              
                MEFF Madrid IBEX 35 Mini Index Future
                IDJ2 INDEX
              
            
            2022-04-14
            700278.72000000
            EUR
            3142.76000000
          
        
        
          N
          N
          N
        
      
      
        DIVERSIFIED EQUITY MASTER
        N/A
        
        999113103
        
          
        
        1630065.45500000
        NS
        USD
        87928338.75000000
        54.06722002011
        Long
        EC
        RF
        US
        N
        
        N/A
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        
        000000000
        
          
        
        17.00000000
        NC
        USD
        50438.39000000
        0.031014614495
        N/A
        DE
        
        US
        N
        
        1
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                CME E-mini Russell 2000 Index Futures
                RTYM2 INDEX
              
            
            2022-06-17
            1706001.61000000
            USD
            50438.39000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        
        000000000
        
          
        
        -11.00000000
        NC
        USD
        -12899.17000000
        -0.00793171203
        N/A
        DE
        
        US
        N
        
        1
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            Short
            
              
                Micro E-mini S&P 500 futures
                HWAM2 INDEX
              
            
            2022-06-17
            -236292.08000000
            USD
            -12899.17000000
          
        
        
          N
          N
          N
        
      
      
        BLACKROCK TOTAL RETURN
        N/A
        
        000000000
        
          
        
        32228.43600000
        NS
        USD
        437787.85000000
        0.269196169796
        Long
        EC
        RF
        US
        N
        
        N/A
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        60827.24000000
        0.037402728347
        N/A
        DFE
        
        CA
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            4743660.18000000
            USD
            6007444.30000000
            CAD
            2022-06-15
            60827.24000000
          
        
        
          N
          N
          N
        
      
      
        iShares Developed Real Estate Index Fund
        549300CCO72SBIYZNP24
        
        091936187
        
          
        
        685550.61300000
        NS
        USD
        7856410.02000000
        4.830914073417
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank of America N.A.
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        -18843.34000000
        -0.01158678787
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              Bank of America N.A.
              B4TYDEB6GKMZO031MB27
            
            5323141.82000000
            USD
            4781931.00000000
            EUR
            2022-06-15
            -18843.34000000
          
        
        
          N
          N
          N
        
      
      
        Bank of America N.A.
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        -23985.23000000
        -0.01474854098
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Bank of America N.A.
              B4TYDEB6GKMZO031MB27
            
            2374659.00000000
            CAD
            1875161.68000000
            USD
            2022-06-15
            -23985.23000000
          
        
        
          N
          N
          N
        
      
    
    
      
      
      
    
    
      2022-05-02
      BlackRock Funds III
      Ann Frechette
      Ann Frechette
      Assistant Treasurer
    
  
  XXXX

Schedule of Investments (unaudited)  March 31, 2022		BlackRock LifePath® Dynamic 2050 Fund (Percentages shown are based on Net Assets)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

		Affiliated Issuer		Value at 12/31/21				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 03/31/22				Shares/ Investment Value Held at 03/31/22				Income				Capital Gain Distributions from Underlying Funds
		Advantage CoreAlpha Bond Master Portfolio		$	627,347			$	3,148	(a)(b)		$	—			$	(11,695	)		$	(31,889	)		$	586,911			$	586,911			$	3,148			$	—
		BlackRock Advantage Emerging Markets Fund, Class K			18,575,551				1,502,677				(1,886,139	)			(343,486	)			(1,175,740	)			16,672,863				1,539,507				—				—
		BlackRock Cash Funds: Institutional, SL Agency Shares			320,339				994,098	(a)			—				(1,359	)			60				1,313,138				1,313,401				1,569	(c)			—
		BlackRock Cash Funds: Treasury, SL Agency Shares			10,214,291				3,248,072	(a)			—				—				—				13,462,363				13,462,363				2,229				—
		Diversified Equity Master Portfolio			92,923,674				186,555	(a)(b)			—				659,065				(5,840,955	)			87,928,339			$	87,928,339				186,555				—
		International Tilts Master Portfolio			25,941,682				169,296	(a)(b)			—				(201,919	)			(1,982,592	)			23,926,467			$	23,926,467				169,296				—
		iShares Core U.S. Aggregate Bond ETF			1,310,779				—				—				—				(80,200	)			1,230,579				11,490				3,701				—
		iShares Developed Real Estate Index Fund, Class K			8,365,119				163,257				(348,199	)			14,257				(338,024	)			7,856,410				685,551				—				—
		iShares iBoxx $ Investment Grade Corporate Bond ETF			314,470				—				—				—				(27,479	)			286,991				2,373				1,181				—
		iShares MSCI EAFE Small-Cap ETF			10,297,358				—				—				—				(950,981	)			9,346,377				140,886				—				—
		iShares TIPS Bond ETF			1,032,437				—				—				—				(36,998	)			995,439				7,991				5,336				—
		Master Total Return Portfolio			467,731				4,822	(a)(b)			—				(7,077	)			(27,688	)			437,788			$	437,788				4,822				—
																$	107,786			$	(10,492,486	)		$	164,043,665							$	377,837			$	—

 

(a)

Represents net amount purchased (sold).

(b)

Inclusive of income and expense allocated from the Master Portfolio.

(c)

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

 

1

---

Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock LifePath® Dynamic 2050 Fund

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description		Number of Contracts				Expiration Date				Notional Amount (000)				Value/ Unrealized Appreciation (Depreciation)
Long Contracts
IBEX Mini Index			84				04/14/22			$	778			$	3,143
S&P/TSE 60 Index			24				06/16/22				5,057				78,881
FTSE 100 Index			16				06/17/22				1,565				50,208
Mini FTSE/MIB Index			30				06/17/22				804				20,051
MSCI EAFE Index			51				06/17/22				5,468				232,325
Russell 2000 E-Mini Index			17				06/17/22				1,756				50,489
S&P 500 Micro E-Mini Index			28				06/17/22				634				(195	)
															434,902
Short Contracts
Mini TPX Index			99				06/09/22				1,567				(64,876	)
														$	370,026

Forward Foreign Currency Exchange Contracts

 

Currency Purchased						Currency Sold						Counterparty		Settlement Date				Unrealized Appreciation (Depreciation)
AUD			2,575,000			USD			1,888,797			Morgan Stanley & Co. International PLC			06/15/22			$	40,398
CAD			2,375,000			USD			1,855,625			Deutsche Bank AG			06/15/22				43,794
CAD			274,000			USD			218,210			Morgan Stanley & Co. International PLC			06/15/22				923
CAD			6,007,444			USD			4,743,660			Morgan Stanley & Co. International PLC			06/15/22				60,827
USD			229,326			EUR			206,000			Morgan Stanley & Co. International PLC			06/15/22				823
USD			1,810,168			JPY			208,785,060			Morgan Stanley & Co. International PLC			06/15/22				91,989
																			238,754
EUR			4,781,931			USD			5,323,142			Bank of America N.A.			06/15/22				(18,843	)
JPY			208,785,000			USD			1,814,074			Deutsche Bank AG			06/15/22				(95,895	)
USD			1,877,216			AUD			2,575,111			Deutsche Bank AG			06/15/22				(52,063	)
USD			1,875,162			CAD			2,374,659			Bank of America N.A.			06/15/22				(23,985	)
USD			5,216,362			EUR			4,782,000			Deutsche Bank AG			06/15/22				(88,012	)
																			(278,798	)
																		$	(40,044	)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

•

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

•

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

•

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments

 

 

S C H E D U L E  O F  I N V E S T M E N T  S		2

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Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock LifePath® Dynamic 2050 Fund

 

Fair Value Hierarchy as of Period End (continued)

is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

Certain investments of the Fund were fair valued using net asset value (“NAV”) per share or its equivalent as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

		Level 1				Level 2				Level 3				Total
Assets
Investments
Investment Companies
Equity Funds		$	33,875,650			$	—			$	—			$	33,875,650
Fixed-Income Funds			2,513,009				—				—				2,513,009
Money Market Funds			14,775,501				—				—				14,775,501
		$	51,164,160			$	—			$	—				51,164,160
Investments Valued at NAV(a)															112,879,505
														$	164,043,665
Derivative Financial Instruments(b)
Assets
Equity Contracts		$	361,695			$	73,402			$	—			$	435,097
Foreign Currency Exchange Contracts			—				238,754				—				238,754
Liabilities
Equity Contracts			(195	)			(64,876	)			—				(65,071	)
Foreign Currency Exchange Contracts			—				(278,798	)			—				(278,798	)
		$	361,500			$	(31,518	)		$	—			$	329,982

 

(a)

Certain investments of the Fund were fair valued using NAV per share or its equivalent as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

(b)

Derivative financial instruments are futures contracts and forward foreign currency exchange contracts. Futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Currency Abbreviation
AUD		Australian Dollar
CAD		Canadian Dollar
EUR		Euro
JPY		Japanese Yen
USD		United States Dollar
Portfolio Abbreviation
ETF		Exchange-Traded Fund
FTSE		Financial Times Stock Exchange
MSCI		Morgan Stanley Capital International
S&P		Standard & Poor’s

 

 

3

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