BlackRock LifePath Index Retirement Fund

BlackRock Funds III · Series S000032775

Equity fund · 100% stocks
$12.53B NAV
13 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of BlackRock LifePath Index Retirement Fund (LifePath Index Retirement Fund or the Fund), a series of BlackRock Funds III (the Trust), is to seek to provide for retirement outcomes based on quantitatively measured risk. In pursuit of this objective, LifePath Index Retirement Fund will be broadly diversified across global asset classes.

Strategy · summarised

The fund allocates its assets among affiliated equity index funds, bond index funds, and money market funds in proportions determined by BlackRock's quantitative risk measurement framework, which analyzes historical and forward-looking market data to target a specific risk profile appropriate for near-term retirement. The fund is structured as a fund of funds and seeks to match the performance of its custom benchmark index while maintaining at least 80% of assets in securities or instruments with economic characteristics similar to that benchmark. Because the fund invests through other funds rather than holding securities directly, its performance will reflect both the performance of its underlying funds and any fees charged by those funds.

Expenses
0.09% 0.39%across 4 share classes
Share classGrossNet
C0001011340.41%0.39%
C0001011350.16%0.14%
C0001011360.11%0.09%
C0002019680.41%0.39%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 17.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.93%
of net assets
Stocks99.71%
Cash & short-term0.22%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 1 new1 exited

New: BlackRock Funds III

Exited: BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
RUSSEL 1000 LIFEPATH21.98%$2.75B
iShares US Intermediate Government Bond Index Fund/BlackRock21.39%$2.68B
iShares US Securitized Bond Index Fund/BlackRock13.08%$1.64B
iShares Core MSCI Total International Stock ETF12.26%$1.54B
iShares 0-5 Year TIPS Bond ETF9.96%$1.25B
iShares US Long Government Bond Index Fund/BlackRock7.16%$897.13M
iShares US Intermediate Credit Bond Index Fund/BlackRock6.50%$814.54M
iShares Enhanced Roll Yield Index Fund2.44%$305.56M
iShares US Long Credit Bond Index Fund/BlackRock2.29%$286.97M
iShares Global Infrastructure ETF1.66%$207.60M
Showing 10 of 13Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-03-31 — not a live quote, and not what the fund paid.

Top 10 positions are 98.71% of net assets, top 25 99.93%, across 13 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free