2022 Annual Report

BlackRock Funds III ... 2022 iShares MSCITotal International Index Fund 4 2022 B LACKR OCK A NNUAL R EPORT TOS HAREHOLDERS BNM0223U-2762127-8775795. Describe portfolio positioning at period end. The Master Portfolio remains positioned to match the risk characteristics of its benchmark index, irrespective of the market’s future direction. ... ................
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