BlackRock LifePath Index 2035 Fund

BlackRock Funds III · Series S000032779

Target-date fund of funds
$12.07B NAV
11 positions · as of 2026-06-30 · filed 2026-08-25
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of BlackRock LifePath Index 2035 Fund (LifePath Index 2035 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 2035 Fund will be broadly diversified across global asset classes, with asset allocations becoming more conservative over time.

Strategy · summarised

The fund allocates assets among underlying equity index funds, bond index funds, and money market funds according to a custom benchmark index, employing a passive management approach to track that benchmark. The asset allocation shifts along a predetermined glide path, becoming progressively more conservative as the target retirement date of 2035 approaches, moving from 99% equities to 40% equities and 60% fixed income at the target date. The fund may periodically adjust the proportion of equity and fixed-income funds based on assessment of market conditions and risk characteristics, which could cause performance to diverge from its benchmark.

Expenses
0.09% 0.39%across 4 share classes
Share classGrossNet
C0001011460.42%0.39%
C0001011470.17%0.14%
C0001011480.12%0.09%
C0002019720.42%0.39%

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

Portfolio turnover 19.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

Partial coverage
99.82%
of net assets
Stocks99.82%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 0 new3 exited

Exited: BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES, BlackRock Funds III, iShares Enhanced Roll Yield Index Fund

Return profile

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

1-year
+20.41%
3-year
+45.76%
5-year
+37.10%
Volatility
8.34%
Worst 3-yr fall
-8.80%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 LIFEPATH36.71%$4.43B
iShares Core MSCI Total International Stock ETF22.57%$2.72B
iShares US Intermediate Government Bond Index Fund/BlackRockBIGBX11.64%$1.41B
iShares US Securitized Bond Index Fund/BlackRockBISBX8.97%$1.08B
iShares US Intermediate Credit Bond Index Fund/BlackRockBICBX6.25%$754.73M
iShares US Long Government Bond Index Fund/BlackRockBLGBX4.23%$510.52M
iShares US Long Credit Bond Index Fund/BlackRockBLCBX2.94%$354.44M
iShares FTSE NAREIT All Equity REITs Index FundBREBX2.37%$286.55M
iShares Global Infrastructure ETF2.00%$240.81M
SMALL CAP LIFEPATH1.15%$139.06M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 98.82% of net assets, top 25 99.82%, across 11 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.

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