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          <ccc>XXXXXXXX</ccc>
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        <classId>C000101151</classId>
        <classId>C000201973</classId>
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      <regLei>5493008LW2651I1QB503</regLei>
      <regStreet1>100 Bellevue Parkway</regStreet1>
      <regCity>Wilmington</regCity>
      <regStateConditional regCountry="US" regState="US-DE"/>
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      <regPhone>800-441-7762</regPhone>
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      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>21621954.98</totLiabs>
      <netAssets>12705430213.22</netAssets>
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      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
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        <name>iShares Global Infrastructure ETF</name>
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        <name>BlackRock Funds III</name>
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        <name>SMALL CAP LIFEPATH</name>
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          <other otherDesc="BlackRock Identifier" value="BRSC7UH02"/>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Core MSCI Total International Stock ETF</name>
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      <invstOrSec>
        <name>RUSSEL 1000 LIFEPATH</name>
        <lei>N/A</lei>
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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>
      <invstOrSec>
        <name>iShares US Long Credit Bond Index Fund/BlackRock</name>
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        <title>iShares US Long Credit Bond Index Fund/BlackRock</title>
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        <fairValLevel>1</fairValLevel>
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        <title>iShares US Long Government Bond Index Fund/BlackRock</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
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        <title>iShares 0-5 Year TIPS Bond ETF</title>
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        <assetCat>EC</assetCat>
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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>
