# EDGAR Filing Document

**Accession Number:** 0000355916
**File Stem:** 0001752724-25-210382
**Filing Date:** 2025-8
**Character Count:** 39222
**Document Hash:** ae66f60536a9859a3a7f6424dc1b66b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210382.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210382

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251268877

**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 Equity Dividend V.I. Fund (Series ID: S000002880)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007917 | Class I      |  |
| C000007919 | Class III    |  |

## 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 Equity Dividend V.I. Fund

- **b. EDGAR series identifier (if any):** S000002880

- **c. LEI of Series:** 30XDQ3GO0JSD4TSCSH63

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $319135427.10

**Total Liabilities:** $11787258.05

**Net Assets:** $307348169.05

**Cash Not Reported:** $91018.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007917 | -2.38%               | 3.92%                | 4.13%                |
| Class ID C000007919 | -2.45%               | 3.93%                | 4.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2047936.89              | $-9632985.27                               |
| Month 2  | $-303565.59              | $10897683.73                               |
| Month 3  | $5800908.38              | $5868223.36                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercontinental Exchange, Inc.              | Intercontinental Exchange, Inc.                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     29477 | NS      | $5408145.19   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                        | Kraft Heinz Co. (The)                                  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    154166 | NS      | $3980566.12   | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | Taiwan Semiconductor Manufacturing Co. Ltd.            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      9784 | NS      | $2215978.16   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                   | Baxter International, Inc.                             | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    197539 | NS      | $5981480.92   | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| NVIDIA Corp.                                 | NVIDIA Corp.                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      8555 | NS      | $1351604.45   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                   | PG&E Corp.                                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    147029 | NS      | $2049584.26   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc.                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     35233 | NS      | $7729767.87   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                             | Sony Group Corp.                                       | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     62500 | NS      | $1625020.40   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     16000 | NS      | $740640.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Co.                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1856 | NS      | $1446807.68   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     26380 | NS      | $4679548.20   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                  | Intel Corp.                                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     42722 | NS      | $956972.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.            | Fidelity National Financial, Inc., Class A             | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     56279 | NS      | $3155000.74   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA                                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     26227 | NS      | $2539133.27   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                             | Boeing Co. (The)                                       | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      7819 | NS      | $1638315.07   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                          | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |  11381275 | NS      | $11385827.83  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     15100 | NS      | $779160.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      9460 | NS      | $748853.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Pfizer, Inc.                                 | Pfizer, Inc.                                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     31430 | NS      | $761863.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co.                       | Becton Dickinson & Co.                                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     25962 | NS      | $4471954.50   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.               | Hewlett Packard Enterprise Co.                         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    128643 | NS      | $2630749.35   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc           | Johnson Controls International plc                     | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |     15551 | NS      | $1642496.62   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings, Inc.                   | Lamb Weston Holdings, Inc.                             | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     36883 | NS      | $1912383.55   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp.    | Westinghouse Air Brake Technologies Corp.              | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      8691 | NS      | $1819460.85   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                    | Airbus SE                                              | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      8282 | NS      | $1732600.61   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                 | Samsung Electronics Co. Ltd.                           | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1027 | NS      | $1130727.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Hess Corp.                                   | Hess Corp.                                             | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     18543 | NS      | $2568947.22   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                 | Samsung Electronics Co. Ltd.                           | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      3434 | NS      | $3793146.29   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Amkor Technology, Inc.                       | Amkor Technology, Inc.                                 | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     33396 | NS      | $700982.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                         | Dollar General Corp.                                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     46755 | NS      | $5347836.90   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                              | Citigroup, Inc.                                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    126740 | NS      | $10788108.80  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BP plc                                       | BP plc                                                 | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   1153461 | NS      | $5746885.66   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Products Partners LP              | Enterprise Products Partners LP                        | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             |  |  | US        |     78197 | NS      | $2424888.97   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp.                                | Fortive Corp.                                          | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     27731 | NS      | $1445617.03   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd.                          | Teck Resources Ltd., Class B                           | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     44753 | NS      | $1807126.14   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Meta Platforms, Inc.                         | Meta Platforms, Inc., Class A                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2170 | NS      | $1601655.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                | Medtronic plc                                          | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     68683 | NS      | $5987097.11   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.               | Air Products & Chemicals, Inc.                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      8611 | NS      | $2428818.66   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital One Financial Corp.                  | Capital One Financial Corp.                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      6027 | NS      | $1282304.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                               | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     18622 | NS      | $5707643.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial plc                         | Rentokil Initial plc                                   | CUSIP: N/A<br>LEI: 549300VN4WV7Z6T14K68       | Long             | EC               | CORP              | GB        |    517582 | NS      | $2497213.51   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                       | Keurig Dr Pepper, Inc.                                 | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     52700 | NS      | $1742262.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                | Comcast Corp., Class A                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    142694 | NS      | $5092748.86   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV                        | STMicroelectronics NV                                  | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |     67965 | NS      | $2083942.54   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                        | Cardinal Health, Inc.                                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     37796 | NS      | $6349728.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | Wells Fargo & Co.                                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    129936 | NS      | $10410472.32  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP plc                                      | WPP plc                                                | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |    303829 | NS      | $2139256.92   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     56633 | NS      | $3929197.54   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.         | Cognizant Technology Solutions Corp., Class A          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     34657 | NS      | $2704285.71   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     13495 | NS      | $3912335.45   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc.                                   | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     27415 | NS      | $3118456.25   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HP, Inc.                                     | HP, Inc.                                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    149168 | NS      | $3648649.28   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.              | Rexford Industrial Realty, Inc.                        | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     16299 | NS      | $579755.43    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Exelon Corp.                                 | Exelon Corp.                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     69054 | NS      | $2998324.68   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances, Inc.     | International Flavors & Fragrances, Inc.               | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     24624 | NS      | $1811095.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                            | Cigna Group (The)                                      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      4788 | NS      | $1582817.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares, Inc.              | First Citizens BancShares, Inc., Class A               | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      4505 | NS      | $8813897.35   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.            | American Electric Power Co., Inc.                      | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     14536 | NS      | $1508255.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Crown Castle, Inc.                           | Crown Castle, Inc.                                     | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     33207 | NS      | $3411355.11   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                   | Charles Schwab Corp. (The)                             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     23216 | NS      | $2118227.84   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                    | Shell plc                                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    142064 | NS      | $4956549.48   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegion plc                                 | Allegion plc                                           | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Long             | EC               | CORP              | IE        |      5747 | NS      | $828257.64    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| SS&C Technologies Holdings, Inc.             | SS&C Technologies Holdings, Inc.                       | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    101148 | NS      | $8375054.40   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                  | L3Harris Technologies, Inc.                            | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     22023 | NS      | $5524249.32   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                            | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      9790 | NS      | $1992265.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp.                                   | Lear Corp.                                             | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     12992 | NS      | $1233980.16   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds, T-Fund, Institutional Class | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |  12048465 | NS      | $12048464.71  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                            | CNH Industrial NV                                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |    113537 | NS      | $1471439.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Verizon Communications, Inc.                 | Verizon Communications, Inc.                           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     67908 | NS      | $2938379.16   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                        | Walt Disney Co. (The)                                  | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     15521 | NS      | $1924759.21   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                              | AstraZeneca plc                                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     13841 | NS      | $1926240.45   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Ralliant Corp.                               | Ralliant Corp.                                         | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9244 | NS      | $448225.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     13489 | NS      | $6709563.49   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp.                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     73176 | NS      | $3462688.32   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     22300 | NS      | $1537139.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings, Inc.                       | Labcorp Holdings, Inc.                                 | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10296 | NS      | $2702802.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                | Honeywell International, Inc.                          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      9913 | NS      | $2308539.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Hasbro, Inc.                                 | Hasbro, Inc.                                           | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     44719 | NS      | $3301156.58   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust, Inc.                | Healthcare Realty Trust, Inc., Class A                 | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     62354 | NS      | $988934.44    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| RTX Corp.                                    | RTX Corp.                                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      9356 | NS      | $1366163.12   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                        | Elevance Health, Inc.                                  | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      7480 | NS      | $2909420.80   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp.                             | Sealed Air Corp.                                       | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     90739 | NS      | $2815631.17   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                        | Western Digital Corp.                                  | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     30230 | NS      | $1934417.70   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International, Inc.                    | WESCO International, Inc.                              | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      3508 | NS      | $649681.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                       | Sempra                                                 | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     38222 | NS      | $2896080.94   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.           | American International Group, Inc.                     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     33493 | NS      | $2866665.87   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                           | General Motors Co.                                     | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     45349 | NS      | $2231624.29   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                   | Visa, Inc., Class A                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4903 | NS      | $1740810.15   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings, Inc.                         | Crown Holdings, Inc.                                   | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     14129 | NS      | $1455004.42   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                        | STAG Industrial, Inc.                                  | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     34362 | NS      | $1246653.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Leidos Holdings, Inc.                        | Leidos Holdings, Inc.                                  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     16766 | NS      | $2645004.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                        | Dominion Energy, Inc.                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     43760 | NS      | $2473315.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| CVS Health Corp.                             | CVS Health Corp.                                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    109698 | NS      | $7566968.04   | 2.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Group, Inc. (The)                    | Carlyle Group, Inc. (The)                              | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     63042 | NS      | $3240358.80   | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Electronic Arts, Inc.                        | Electronic Arts, Inc.                                  | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     24839 | NS      | $3966788.30   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                 | British American Tobacco plc                           | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     66447 | NS      | $3144936.51   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                        | Lockheed Martin Corp.                                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3120 | NS      | $1444996.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                             | Salesforce, Inc.                                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      5750 | NS      | $1567967.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc.           | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     63071 | NS      | $5134610.11   | 1.67%             |  |  |  | No            |                  1 | On Loan: —       |
| CSX Corp.                                    | CSX Corp.                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     51016 | NS      | $1664652.08   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                         | Henkel AG & Co. KGaA (Preference)                      | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |     31917 | NS      | $2508152.21   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer