# EDGAR Filing Document

**Accession Number:** 0000355916
**File Stem:** 0002071691-25-007633
**Filing Date:** 2025-11
**Character Count:** 19660
**Document Hash:** 6bb63bbc3c57ce659750e150fff0e68f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007633.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**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:** 251526953

**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:** 2025-09-30

**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:** $76815889.07

**Total Liabilities:** $3232436.61

**Net Assets:** $73583452.46

**Cash Not Reported:** $4864.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007920 | -3.94%               | 3.66%                | 3.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $119464.22               | $-3045965.96                               |
| Month 2  | $-146809.85              | $2606256.42                                |
| Month 3  | $-441738.88              | $2965993.01                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Toronto-Dominion Bank (The)                 | Toronto-Dominion Bank (The)                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     24685 | NS      | $1973806.71   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                            | Sony Group Corp.                                       | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     83200 | NS      | $2391725.61   | 3.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                              | Atlas Copco AB, Class A                                | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    113864 | NS      | $1930903.90   | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                   | Shell plc                                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     82132 | NS      | $2945864.79   | 4.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                   | Sanofi SA                                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     15376 | NS      | $1456013.48   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                | British American Tobacco plc                           | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     26711 | NS      | $1420686.23   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                         | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |   3070397 | NS      | $3071932.21   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                         | EssilorLuxottica SA                                    | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      4655 | NS      | $1516383.97   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                            | Mastercard, Inc., Class A                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2577 | NS      | $1465823.37   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan Semiconductor Manufacturing Co. Ltd.            | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     92000 | NS      | $3996280.10   | 5.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                   | Kia Corp.                                              | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     14516 | NS      | $1041913.44   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA               | Industria de Diseno Textil SA                          | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     29259 | NS      | $1619305.37   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                      | Cie de Saint-Gobain SA                                 | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      9972 | NS      | $1080481.81   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                        | Honda Motor Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |    113000 | NS      | $1166084.09   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                | UBS Group AG (Registered)                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     45811 | NS      | $1883453.01   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                     | Waste Connections, Inc.                                | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      6040 | NS      | $1061828.27   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                          | Koninklijke KPN NV                                     | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    465708 | NS      | $2235183.96   | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                              | HDFC Bank Ltd.                                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    117742 | NS      | $1261806.43   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                            | Novo Nordisk A/S, Class B                              | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     31781 | NS      | $1769619.06   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                              | Air Liquide SA                                         | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     12767 | NS      | $2660089.06   | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                        | ASM International NV                                   | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      3253 | NS      | $1962046.12   | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                    | RELX plc                                               | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     44173 | NS      | $2117210.34   | 2.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                       | Tencent Holdings Ltd.                                  | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     29900 | NS      | $2547767.11   | 3.46%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                              | MediaTek, Inc.                                         | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     30000 | NS      | $1301092.53   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                      | SAP SE                                                 | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      9708 | NS      | $2599484.29   | 3.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                  | Haleon plc                                             | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    306277 | NS      | $1378302.07   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                  | Alibaba Group Holding Ltd.                             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     14854 | NS      | $2654855.42   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                               | Assa Abloy AB, Class B                                 | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     53758 | NS      | $1871202.27   | 2.54%             |  |  |  | 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        |    120337 | NS      | $2318849.88   | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                   | Zurich Insurance Group AG                              | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1989 | NS      | $1421704.09   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                   | BlackRock Liquidity Funds, T-Fund, Institutional Class | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    313687 | NS      | $313686.97    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                             | AstraZeneca plc                                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     13464 | NS      | $2062699.81   | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                              | SK Hynix, Inc.                                         | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      3710 | NS      | $919701.53    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd.                         | Teck Resources Ltd., Class B                           | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     28437 | NS      | $1247451.93   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                    | Kone OYJ, Class B                                      | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     22298 | NS      | $1520927.62   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group, Inc.                  | Sony Financial Group, Inc.                             | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |     83200 | NS      | $92266.29     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                              | Axis Bank Ltd.                                         | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |     94086 | NS      | $1198603.56   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                         | Deutsche Telekom AG (Registered)                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     40562 | NS      | $1381925.82   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                          | Anglo American plc                                     | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     32264 | NS      | $1216589.44   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp.                               | Keyence Corp.                                          | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      4400 | NS      | $1639268.01   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Aerospace                                | GE Aerospace                                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      4067 | NS      | $1223434.94   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA                 | FinecoBank Banca Fineco SpA                            | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     96638 | NS      | $2097397.41   | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                            | ASR Nederland NV                                       | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     19428 | NS      | $1322062.40   | 1.80%             |  |  |  | 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      | $1305175.04   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey plc                           | Taylor Wimpey plc                                      | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |    731165 | NS      | $1015755.85   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer