# EDGAR Filing Document

**Accession Number:** 0000355916
**File Stem:** 0002071691-26-004211
**Filing Date:** 2026-2
**Character Count:** 21600
**Document Hash:** 026feb3458bf33462c7b06b41068af9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-004211.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-004211

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Variable Series Funds, Inc.
- **CENTRAL INDEX KEY:** 0000355916

**ORGANIZATION NAME:**
- **EIN:** 133093080
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03290
- **FILM NUMBER:** 26675583

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAM Variable Series Funds, Inc.
- **DATE OF NAME CHANGE:** 20050720

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH VARIABLE SERIES FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BlackRock International V.I. Fund (Series ID: S000002881)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007920 | Class I      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Variable Series Funds, Inc.

- **b. Investment Company Act file number:** 811-03290

- **c. CIK number of Registrant:** 0000355916

- **d. LEI of Registrant:** 5493007IJN5JRPJ1DF61

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock International V.I. Fund

- **b. EDGAR series identifier (if any):** S000002881

- **c. LEI of Series:** 549300P90Z65O6PJRH39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $78720366.41

**Total Liabilities:** $5057738.52

**Net Assets:** $73662627.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007920 | 1.16%                | 0.00%                | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-32303.77               | $847325.47                                 |
| Month 2  | $153319.84               | $-191409.47                                |
| Month 3  | $-99087.41               | $2152809.59                                |

**Designated Index Information**

- **Index Name:** MSCI EAFE Index

- **Index Identifier:** GDDUEAFE

### Schedule of Portfolio Investments

| Name                                        | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alibaba Group Holding Ltd.                  | Alibaba Group Holding Ltd.                             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     12343 | NS      | $1809236.94   | 2.46%             |  |  |  | No            |                  1 | On Loan: —       |
| British American Tobacco plc                | British American Tobacco plc                           | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     32535 | NS      | $1844430.46   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey plc                           | Taylor Wimpey plc                                      | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |    731165 | NS      | $1058001.09   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                   | BlackRock Liquidity Funds, T-Fund, Institutional Class | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    372671 | NS      | $372671.09    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                             | AstraZeneca plc                                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     11924 | NS      | $2206647.66   | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV          | Grupo Financiero Banorte SAB de CV, Class O            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    118501 | NS      | $1098573.20   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd.                         | Teck Resources Ltd., Class B                           | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     49928 | NS      | $2390272.76   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                 | Toronto-Dominion Bank (The)                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     19941 | NS      | $1879398.03   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                | GE Aerospace                                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      5101 | NS      | $1571261.03   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                       | Schneider Electric SE                                  | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      6400 | NS      | $1750881.67   | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                      | SAP SE                                                 | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      9708 | NS      | $2358738.50   | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                        | ASM International NV                                   | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      3405 | NS      | $2061371.10   | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                  | Allianz SE (Registered)                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      4348 | NS      | $2010416.46   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA          | Banco Bilbao Vizcaya Argentaria SA                     | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     66928 | NS      | $1569944.83   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                   | Sanofi SA                                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     15376 | NS      | $1487708.37   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                            | Mastercard, Inc., Class A                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2577 | NS      | $1471157.76   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                         | Deutsche Telekom AG (Registered)                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     45265 | NS      | $1473423.56   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                          | Koninklijke KPN NV                                     | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    465708 | NS      | $2176121.54   | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                    | Kotak Mahindra Bank Ltd.                               | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |     45167 | NS      | $1107967.21   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.        | Mitsubishi UFJ Financial Group, Inc.                   | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |     91300 | NS      | $1449029.05   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                              | MediaTek, Inc.                                         | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     30000 | NS      | $1362155.73   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                        | Honda Motor Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |    143800 | NS      | $1411350.01   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix, Inc.                              | SK hynix, Inc.                                         | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      2759 | NS      | $1249490.90   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                   | Kia Corp.                                              | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     14516 | NS      | $1230572.27   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                 | Shin-Etsu Chemical Co. Ltd.                            | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     61100 | NS      | $1897836.47   | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                            | Sony Group Corp.                                       | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     80700 | NS      | $2070034.77   | 2.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan Semiconductor Manufacturing Co. Ltd.            | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     77000 | NS      | $3785110.96   | 5.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                   | United Overseas Bank Ltd.                              | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     48600 | NS      | $1323646.86   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                         | EssilorLuxottica SA                                    | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      4002 | NS      | $1265424.15   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                              | BNP Paribas SA                                         | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     15958 | NS      | $1509739.18   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                         | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |   4888255 | NS      | $4890698.87   | 6.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                    | Kone OYJ, Class B                                      | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     22298 | NS      | $1579656.10   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                              | Air Liquide SA                                         | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      5459 | NS      | $1026040.69   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                            | ASR Nederland NV                                       | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     19428 | NS      | $1382317.68   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                              | HDFC Bank Ltd.                                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    117742 | NS      | $1300683.53   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                  | Alibaba Group Holding Ltd.                             | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |      9700 | NS      | $178101.33    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                              | Atlas Copco AB, Class A                                | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    122020 | NS      | $2172270.60   | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                       | Tencent Holdings Ltd.                                  | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     32800 | NS      | $2517188.10   | 3.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                 | FinecoBank Banca Fineco SpA                            | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     88660 | NS      | $2297141.23   | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                   | Shell plc                                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     80149 | NS      | $2969044.42   | 4.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Industria de Diseno Textil SA               | Industria de Diseno Textil SA                          | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     26263 | NS      | $1732430.46   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                              | Axis Bank Ltd.                                         | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |     94086 | NS      | $1330421.89   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                | UBS Group AG (Registered)                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     45811 | NS      | $2115304.72   | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                               | Assa Abloy AB, Class B                                 | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     48965 | NS      | $1891559.83   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                     | Waste Connections, Inc.                                | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      6040 | NS      | $1059304.80   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                             | Canadian Dollar                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |      5305 | OU      | $3864.94      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                        | EURO                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -1 | OU      | $-0.78        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                | Indian Rupee                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |         1 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                         | Won                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |    863906 | OU      | $599.71       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Krona                               | Swedish Krona                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SE        |        -1 | OU      | $-0.09        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                           | New Taiwan Dollar                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** BlackRock Variable Series Funds, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer