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      <repPdEnd>2025-12-31</repPdEnd>
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      <totLiabs>2017145.78</totLiabs>
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        <name>iShares Global Infrastructure ETF</name>
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          <other otherDesc="BlackRock Identifier" value="BRSC7UH02"/>
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      <invstOrSec>
        <name>iShares Core MSCI Total International Stock ETF</name>
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          <other otherDesc="BlackRock Identifier" value="BRSC7UGQ6"/>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares US Intermediate Credit Bond Index Fund/BlackRock</name>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <title>iShares 0-5 Year TIPS Bond ETF</title>
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        <valUSD>1503626.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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    </invstOrSecs>
    <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>2025-04-29</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>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
