BlackRock LifePath Index 2040 Fund
Target-date 2040 fund · tracks LifePath Index 2040 Fund Custom Benchmark
As of its 2026 Q2 report, BlackRock LifePath Index 2040 Fund held 13 positions with $15.52B in net assets. Its ten largest holdings made up 99.5% of the fund. Its share classes cost 0.09%–0.39% a year. Over the 12 months to May 2026, it returned 22.7%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited none.
The investment objective of BlackRock LifePath Index 2040 Fund (LifePath Index 2040 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 2040 Fund will be broadly diversified across global asset classes, with asset allocations becoming more conservative over time.
The fund allocates its assets among affiliated equity index funds, bond index funds, and money market funds according to a custom benchmark and a predetermined glide path that shifts allocations toward fixed income as the 2040 target date approaches. The fund employs passive management, seeking to match the performance of its custom benchmark index through its holdings of underlying funds. Asset allocation targets are adjusted periodically based on market conditions and risk assessments, which may cause the fund's composition to diverge from its benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
RUSSEL 1000 LIFEPATH | 42.05% | $6.52B | 91.8M | $71.04 |
iShares Core MSCI Total International Stock ETF | 26.66% | $4.14B | 43.3M | $95.44 |
BIGBXiShares US Intermediate Government Bond Index Fund/BlackRock | 7.37% | $1.14B | 115.7M | $9.88 |
BISBXiShares US Securitized Bond Index Fund/BlackRock | 6.11% | $947.71M | 98.8M | $9.59 |
BICBXiShares US Intermediate Credit Bond Index Fund/BlackRock | 3.94% | $610.62M | 60.5M | $10.09 |
BLCBXiShares US Long Credit Bond Index Fund/BlackRock | 3.14% | $487.60M | 54.3M | $8.98 |
BLGBXiShares US Long Government Bond Index Fund/BlackRock | 3.10% | $480.95M | 63.0M | $7.63 |
BREBXiShares FTSE NAREIT All Equity REITs Index Fund | 2.98% | $462.81M | 43.7M | $10.58 |
iShares Global Infrastructure ETF | 2.25% | $349.55M | 5.2M | $66.60 |
SMALL CAP LIFEPATH | 1.88% | $292.30M | 6.6M | $44.25 |
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.
All 13 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.80% |
| Cash & short-term | 0.19% |
How it has done
C000101149 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.45%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
BlackRock LifePath Index 2040 Fund is a target-date 2040 fund that tracks the LifePath Index 2040 Fund Custom Benchmark.
- Asset class
- Target-date
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Target year
- 2040
- Features
- Fund of funds
- Expense ratio, by class
- 0.09% – 0.39%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
0 exited
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