BlackRock LifePath Index 2040 Fund
BlackRock Funds III · Series S000032780
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Gross | Net |
|---|---|---|
| C000101149 | 0.43% | 0.39% |
| C000101150 | 0.18% | 0.14% |
| C000101151 | 0.13% | 0.09% |
| C000201973 | 0.43% | 0.39% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 16.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.80% |
| Cash & short-term | 0.19% |
Latest quarter
What changed since the fund's previous filing
New: BlackRock Funds III
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to 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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | RUSSEL 1000 LIFEPATH | 42.05% | $71.04 | $6.52B | 91.8M |
| — | iShares Core MSCI Total International Stock ETF | 26.66% | $95.44 | $4.14B | 43.3M |
| BIGBX | iShares US Intermediate Government Bond Index Fund/BlackRockBIGBX | 7.37% | $9.88 | $1.14B | 115.7M |
| BISBX | iShares US Securitized Bond Index Fund/BlackRockBISBX | 6.11% | $9.59 | $947.71M | 98.8M |
| BICBX | iShares US Intermediate Credit Bond Index Fund/BlackRockBICBX | 3.94% | $10.09 | $610.62M | 60.5M |
| BLCBX | iShares US Long Credit Bond Index Fund/BlackRockBLCBX | 3.14% | $8.98 | $487.60M | 54.3M |
| BLGBX | iShares US Long Government Bond Index Fund/BlackRockBLGBX | 3.10% | $7.63 | $480.95M | 63.0M |
| BREBX | iShares FTSE NAREIT All Equity REITs Index FundBREBX | 2.98% | $10.58 | $462.81M | 43.7M |
| — | iShares Global Infrastructure ETF | 2.25% | $66.60 | $349.55M | 5.2M |
| — | SMALL CAP LIFEPATH | 1.88% | $44.25 | $292.30M | 6.6M |
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 99.47% of net assets, top 25 99.98%, 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.
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