BlackRock Global Allocation V.I. Fund
BlackRock Variable Series Funds, Inc.
Fund classification
Classified from what the fund holds · as of 2026 Q2
BlackRock Global Allocation V.I. Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of BlackRock Global Allocation V.I. Fund (the Fund) is to seek high total investment return.
The fund seeks high total return by allocating across equity, debt, and money market securities globally, with management selecting undervalued equities and debt securities of varying maturities and credit quality, including up to 35% in junk bonds and distressed securities. The fund maintains at least 30% of assets in foreign securities, government debt, or companies deriving substantial revenue outside the U.S., and actively manages currency exposure through derivatives. Commodity exposure is obtained through investment in a wholly-owned Cayman Islands subsidiary, which may invest without limitation in commodity-related instruments. Because returns depend on the manager's security selection and market timing decisions, performance will diverge from any benchmark.
| Share class | Gross | Net |
|---|---|---|
| C000007938 | 0.80% | 0.76% |
| C000007939 | 1.05% | 0.91% |
| C000007940 | 1.15% | 1.01% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 119.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 71.64% |
| Bonds | 13.52% |
| Securitized | 6.38% |
| Loans | 3.94% |
| 2 smaller | 6.63% |
| Derivatives | -0.05% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 27.7% |
| Information Technology | 14.4% |
| Other | 13.0% |
| Securitized | 6.1% |
| 12 smaller | 38.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: SpaceX Services, Inc., Federal National Mortgage Association or Federal Home Loan Mortgage Corp., Kingdom of Spain, Fanatics Holdings, Inc., Ziggo B.V., Morgan Stanley Finance LLC, COF, Republic of Italy
Largest exited: Federal National Mortgage Association or Federal Home Loan Mortgage Corp., x.AI, Inc., Space Exploration Technologies Corp., Class C, Space Exploration Technologies Corp., Class A, Fanatics Holdings, Inc., Ziggo BV, Canadian Government Bond, INTU
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 61.5% |
| Floating rate | 37.0% |
| Zero-coupon or unclassified | 1.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.9% |
| 1-3y | 12.3% |
| 3-5y | 29.3% |
| 5-10y | 29.2% |
| 10y+ | 24.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 58% |
| Interest rates | 42% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.13 yr |
| Investment grade | +0.37 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 1 yr | 0.34 yr | 19% |
| 5 yr | 0.92 yr | 52% |
| 10 yr | 0.20 yr | 11% |
| 30 yr | 0.31 yr | 18% |
3 mo is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.29 yr | 11% |
| 1 yr | 0.36 yr | 13% |
| 5 yr | 1.63 yr | 61% |
| 10 yr | 0.39 yr | 15% |
30 yr is NEGATIVE (-0.17 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.00 | +0.03 | +0.26 | $13.0k | $104.5k |
| 1 yr | +0.34 | +0.01 | +0.35 | $3.2k | $143.3k |
| 5 yr | +0.92 | +0.25 | +1.38 | $102.9k | $560.4k |
| 10 yr | +0.20 | +0.06 | +0.33 | $24.9k | $133.5k |
| 30 yr | +0.31 | +0.02 | -0.19 | $7.2k | -$76.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.78 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA Corp.NVDA | 2.63% | $200.09 | $106.92M | 534.3K |
| — | BlackRock Funds III | 2.45% | — | $99.67M | — |
| GOOG | Alphabet, Inc.GOOG | 2.42% | $353.33 | $98.31M | 278.3K |
| AAPL | Apple, Inc.AAPL | 2.40% | $289.36 | $97.72M | 337.7K |
| — | SpaceX Services, Inc. | 1.97% | $170.86 | $80.22M | 469.5K |
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.3.50% · due 2056-07-25 | 1.70% | — | $69.19M | — |
| — | Taiwan Semiconductor Manufacturing Co. Ltd. | 1.68% | $78.89 | $68.40M | 867.0K |
| — | SPDR Gold Shares | 1.61% | — | $65.62M | — |
| AMZN | Amazon.com, Inc.AMZN | 1.49% | $238.34 | $60.49M | 253.8K |
| MU | Micron Technology, Inc.MU | 1.39% | $1,154.29 | $56.67M | 49.1K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 19.74% of net assets, top 25 32.65%, across 1.4K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free