BlackRock LifePath Index 2045 Fund
BlackRock Funds III · Series S000032781
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of BlackRock LifePath Index 2045 Fund (LifePath Index 2045 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 2045 Fund will be broadly diversified across global asset classes, with asset allocations becoming more conservative over time.
The fund invests in a portfolio of equity index funds, bond index funds, and money market funds, reallocating among them according to a predetermined glide path that shifts the asset mix progressively toward fixed income as the target retirement date of 2045 approaches. The fund seeks to track the performance of its custom benchmark index, with at least 80% of assets in securities or instruments with economic characteristics matching that benchmark. Asset allocation begins at 99% equities and 1% fixed income for investors far from retirement, gradually becoming more conservative to reach 40% equities and 60% fixed income at the target date. Because the fund invests through other funds rather than holding securities directly, its performance will depend on the performance and fees of those underlying funds.
| Share class | Gross | Net |
|---|---|---|
| C000101152 | 0.43% | 0.39% |
| C000101153 | 0.18% | 0.14% |
| C000101154 | 0.13% | 0.09% |
| C000201974 | 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 | 99.86% |
| Cash & short-term | 0.01% |
Latest quarter
What changed since the fund's previous filing
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 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 | 47.41% | $71.04 | $5.44B | 76.5M |
| — | iShares Core MSCI Total International Stock ETF | 31.15% | $95.44 | $3.57B | 37.4M |
| BREBX | iShares FTSE NAREIT All Equity REITs Index FundBREBX | 3.63% | $10.58 | $416.89M | 39.4M |
| BISBX | iShares US Securitized Bond Index Fund/BlackRockBISBX | 3.61% | $9.59 | $414.04M | 43.2M |
| BIGBX | iShares US Intermediate Government Bond Index Fund/BlackRockBIGBX | 3.60% | $9.88 | $412.85M | 41.8M |
| BLCBX | iShares US Long Credit Bond Index Fund/BlackRockBLCBX | 3.15% | $8.98 | $361.19M | 40.2M |
| — | SMALL CAP LIFEPATH | 2.71% | $44.25 | $311.00M | 7.0M |
| BICBX | iShares US Intermediate Credit Bond Index Fund/BlackRockBICBX | 1.95% | $10.09 | $224.01M | 22.2M |
| BLGBX | iShares US Long Government Bond Index Fund/BlackRockBLGBX | 1.67% | $7.63 | $191.45M | 25.1M |
| — | iShares Global Infrastructure ETF | 0.92% | $66.60 | $104.98M | 1.6M |
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 99.80% of net assets, top 25 99.88%, 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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