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        <fairValLevel>1</fairValLevel>
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        <name>iShares US Intermediate Government Bond Index Fund/BlackRock</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares Global Infrastructure ETF</name>
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        <name>iShares 0-5 Year TIPS Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares Core MSCI Total International Stock ETF</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <name>RUSSEL 1000 LIFEPATH</name>
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        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BRSC7UGQ6"/>
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        <fairValLevel>N/A</fairValLevel>
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        <name>SMALL CAP LIFEPATH</name>
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        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BRSC7UH02"/>
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        <fairValLevel>N/A</fairValLevel>
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    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds III</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
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</edgarSubmission>
