N-MFP3 0000355916 XXXXXXXX 2024-12-31 BlackRock Variable Series Funds, Inc. 0000355916 5493007IJN5JRPJ1DF61 BLACKROCK GOVERNMENT MONEY MARKET V.I. 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Loan Mortgage Corp. Variable Rate Notes Federal Home Loan Mortgage Corp. Variable Rate Notes 4.51000080 3134HATA1 S6XOOCT0IEG5ABCC6L87 US3134HATA17 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Fitch AA+ Moody's Agency Standard & Poor's AA+ 2025-01-02 2026-10-16 2026-10-16 N N N 0.0459 499987.11 499987.11 0.0023 N N N N Federal National Mortgage Association Variable Rate Notes Federal National Mortgage Association Variable Rate Notes 4.51000080 3135G07L1 B1V7KEBTPIMZEU4LTD58 US3135G07L12 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Standard & Poor's AA+ Fitch AA+ 2025-01-02 2026-10-23 2026-10-23 N N N 0.0460 774831.01 774831.01 0.0036 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NZ6 254900HROIFWPRGM1V77 US912797NZ64 U.S. Treasury Debt Y Standard & Poor's A-1+ Moody's Govt Fitch F1+ 2025-04-15 2025-04-15 2025-04-15 N N N 0.0421 750915.61 750915.61 0.0035 N Y Y N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385BS4 2549001DPIFGXC1TOL40 US313385BS41 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Standard & Poor's A-1+ Moody's Agency Fitch F1+ 2025-02-10 2025-02-10 2025-02-10 N N N 0.0430 731467.51 731467.51 0.0034 N N Y N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385AZ9 2549001DPIFGXC1TOL40 US313385AZ92 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Moody's Agency Fitch F1+ Standard & Poor's A-1+ 2025-01-24 2025-01-24 2025-01-24 N N N 0.0428 309129.93 309129.93 0.0014 N N Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797JR9 254900HROIFWPRGM1V77 US912797JR94 U.S. Treasury Debt Y Fitch F1+ Moody's Govt Standard & Poor's A-1+ 2025-01-23 2025-01-23 2025-01-23 N N N 0.0394 2609422.67 2609422.67 0.0122 N Y Y N Morgan Stanley & Co. LLC Morgan Stanley & Co. LLC 4.45000000 N/A 9R7GPTSO7KV3UQJZQ078 BYDCXX5W1 U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash Y N N Y UNITED STATES TREASURY 254900HROIFWPRGM1V77 912834WJ3 2050-11-15 0 N/A 477437.59 132129.42 U.S. Treasuries (including strips) UNITED STATES TREASURY 254900HROIFWPRGM1V77 912834VV7 2050-05-15 0 N/A 4642000.00 1314526.20 U.S. Treasuries (including strips) UNITED STATES TREASURY 254900HROIFWPRGM1V77 91282CEH0 2025-04-15 2.625 N/A 147000.00 147100.53 U.S. Treasuries (including strips) UNITED STATES TREASURY 254900HROIFWPRGM1V77 912810TE8 2052-02-15 0.125 N/A 2794300.00 1722573.87 U.S. Treasuries (including strips) UNITED STATES TREASURY 254900HROIFWPRGM1V77 912797MX2 2025-01-14 0 N/A 1786600.00 1783669.98 U.S. Treasuries (including strips) Y Fitch NR Moody's NR Standard & Poor's A-1 2025-01-02 2025-01-02 2025-01-02 N N N 0.0445 5000000.00 5000000.00 0.0234 N Y Y N Federal Farm Credit Bank Variable Rate Notes Federal Farm Credit Bank Variable Rate Notes 4.43999880 3133ERES6 254900C5LP6DN9OP9V83 US3133ERES68 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Fitch AA+ Moody's Agency 2025-01-02 2025-11-17 2025-11-17 N N N 0.0444 400285.22 400285.22 0.0019 N N N N Federal Home Loan Bank Variable Rate Notes Federal Home Loan Bank Variable Rate Notes 4.38999840 3130B2J55 2549001DPIFGXC1TOL40 US3130B2J556 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Fitch AA+ Standard & Poor's AA+ 2025-01-02 2025-01-27 2025-01-27 N N N 0.0438 500020.37 500020.37 0.0023 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797LZ8 254900HROIFWPRGM1V77 US912797LZ82 U.S. Treasury Debt Y Fitch F1+ Standard & Poor's A-1+ Moody's Govt 2025-01-30 2025-01-30 2025-01-30 N N N 0.0402 2491774.88 2491774.88 0.0116 N Y Y N JP Morgan Securities LLC JP Morgan Securities LLC 4.52000000 N/A ZBUT11V806EZRVTWT807 BYD3QX822 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N N Y GNMA_21-160D N/A 38383AZB3 2051-09-20 3 N/A 9607597.00 1050000.04 Agency Collateralized Mortgage Obligation Y Moody's P-1 Fitch F1+ Standard & Poor's A-1+ 2025-01-02 2025-04-01 2025-04-01 Y JP MORGAN SECURITIES LLC 1.0000 91 N Standard & Poor's AA- Moody's Aa3 Fitch AA N N 0.0452 1000000.00 1000000.00 0.0047 N N N Y U.S. Treasury Notes U.S. Treasury Notes 2.75000000 9128283Z1 254900HROIFWPRGM1V77 US9128283Z13 U.S. Treasury Debt Y Standard & Poor's AA+ Moody's Govt Fitch AA+ 2025-02-28 2025-02-28 2025-02-28 N N N 0.0427 58851.51 58851.51 0.0003 N Y Y N Bank of America Securities, Inc. Bank of America Securities, Inc. 4.46000000 N/A 549300HN4UKV1E2R3U73 BYDCXX4N2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N N Y UNITED STATES TREASURY 254900HROIFWPRGM1V77 91282CLV1 2029-10-15 1.625 N/A 3030400.00 2999410.61 U.S. Treasuries (including strips) GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2 N/A 36179W2S6 2052-04-20 1.5 N/A 91560.00 60589.93 Agency Mortgage-Backed Securities Y Fitch F1+ Moody's NR Standard & Poor's A-1 2025-01-02 2025-01-02 2025-01-02 N N N 0.0446 3000000.00 3000000.00 0.0140 N Y Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NK9 254900HROIFWPRGM1V77 US912797NK95 U.S. Treasury Debt Y Fitch F1+ Moody's Govt Standard & Poor's A-1+ 2025-03-04 2025-03-04 2025-03-04 N N N 0.0412 4964698.90 4964698.90 0.0232 N Y Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797LN5 254900HROIFWPRGM1V77 US912797LN52 U.S. Treasury Debt Y Fitch F1+ Standard & Poor's A-1+ Moody's Govt 2025-06-12 2025-06-12 2025-06-12 N N N 0.0422 2355582.02 2355582.02 0.0110 N Y Y N Mizuho Securities USA LLC Mizuho Securities USA LLC 4.46000000 N/A 7TK5RJIZDFROZCA6XF66 BYDCXX5S0 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N N Y UNITED STATES TREASURY 254900HROIFWPRGM1V77 912828U24 2026-11-15 2 N/A 15900200.00 15300022.08 U.S. Treasuries (including strips) Y Fitch NR Moody's P-1 Standard & Poor's A-1 2025-01-02 2025-01-02 2025-01-02 N N N 0.0446 15000000.00 15000000.00 0.0701 N Y Y N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385FB7 2549001DPIFGXC1TOL40 US313385FB79 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Moody's Agency Standard & Poor's A-1+ Fitch F1+ 2025-05-02 2025-05-02 2025-05-02 N N N 0.0425 887403.50 887403.50 0.0041 N N N N Federal National Mortgage Association Variable Rate Notes Federal National Mortgage Association Variable Rate Notes 4.50500040 3135G07J6 B1V7KEBTPIMZEU4LTD58 US3135G07J65 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Fitch AA+ Standard & Poor's AA+ Moody's Agency 2025-01-02 2026-08-21 2026-08-21 N N N 0.0459 849969.54 849969.54 0.0040 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NU7 254900HROIFWPRGM1V77 US912797NU77 U.S. Treasury Debt Y Fitch F1+ Standard & Poor's A-1+ Moody's Govt 2025-12-26 2025-12-26 2025-12-26 N N N 0.0413 2593336.69 2593336.69 0.0121 N Y Y N U.S. Treasury Notes U.S. Treasury Notes 4.42571760 91282CKM2 254900HROIFWPRGM1V77 US91282CKM28 U.S. Treasury Debt Y Moody's Govt Fitch AA+ Standard & Poor's AA+ 2025-01-02 2026-04-30 2026-04-30 N N N 0.0445 2900050.75 2900050.75 0.0136 N Y Y N Federal Farm Credit Bank Variable Rate Notes Federal Farm Credit Bank Variable Rate Notes 4.50500040 3133ERP21 254900C5LP6DN9OP9V83 US3133ERP211 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Standard & Poor's AA+ Fitch AA+ 2025-01-02 2026-12-23 2026-12-23 N N N 0.0459 199992.72 199992.72 0.0009 N N N N Federal Home Loan Bank Variable Rate Notes Federal Home Loan Bank Variable Rate Notes 4.37500080 3130B4DB4 2549001DPIFGXC1TOL40 US3130B4DB47 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Fitch AA+ Standard & Poor's AA+ 2025-01-02 2025-06-23 2025-06-23 N N N 0.0450 499994.20 499994.20 0.0023 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NX1 254900HROIFWPRGM1V77 US912797NX17 U.S. Treasury Debt Y Fitch F1+ Standard & Poor's A-1+ Moody's Govt 2025-07-03 2025-07-03 2025-07-03 N N N 0.0422 2741621.09 2741621.09 0.0128 N Y Y N Federal National Mortgage Association Variable Rate Notes Federal National Mortgage Association Variable Rate Notes 4.51000080 3135G1AB7 B1V7KEBTPIMZEU4LTD58 US3135G1AB74 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Fitch AA+ Moody's Agency 2025-01-02 2026-12-11 2026-12-11 N N N 0.0460 1399905.60 1399905.60 0.0065 N N N N Federal Farm Credit Bank Variable Rate Notes Federal Farm Credit Bank Variable Rate Notes 4.47000120 3133ERJN2 254900C5LP6DN9OP9V83 US3133ERJN27 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Fitch AA+ Moody's Agency 2025-01-02 2026-06-26 2026-06-26 N N N 0.0456 394915.13 394915.13 0.0019 N N N N U.S. Treasury Notes U.S. Treasury Notes 4.25000000 91282CJS1 254900HROIFWPRGM1V77 US91282CJS17 U.S. Treasury Debt Y Fitch AA+ Moody's Govt Standard & Poor's AA+ 2025-12-31 2025-12-31 2025-12-31 N N N 0.0422 200050.74 200050.74 0.0009 N Y Y N Federal National Mortgage Association Variable Rate Notes Federal National Mortgage Association Variable Rate Notes 4.48999920 3135G07H0 B1V7KEBTPIMZEU4LTD58 US3135G07H00 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Moody's Agency Fitch AA+ 2025-01-02 2026-07-29 2026-07-29 N N N 0.0457 2239705.62 2239705.62 0.0105 N N N N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385DX1 2549001DPIFGXC1TOL40 US313385DX18 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Fitch F1+ Standard & Poor's A-1+ Moody's Agency 2025-04-04 2025-04-04 2025-04-04 N N N 0.0426 2606378.05 2606378.05 0.0122 N N N N JP Morgan Securities LLC JP Morgan Securities LLC 4.45000000 N/A ZBUT11V806EZRVTWT807 BYDCXX5N1 U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash Y N N Y UNITED STATES TREASURY 254900HROIFWPRGM1V77 91282CGT2 2028-03-31 3.625 N/A 13410800.00 13259902.86 U.S. Treasuries (including strips) UNITED STATES TREASURY 254900HROIFWPRGM1V77 912810ET1 2025-02-15 7.625 N/A 100.00 103.25 U.S. Treasuries (including strips) Y Moody's P-1 Standard & Poor's A-1+ Fitch F1+ 2025-01-02 2025-01-02 2025-01-02 N N N 0.0445 13000000.00 13000000.00 0.0608 N Y Y N Federal National Mortgage Association Variable Rate Notes Federal National Mortgage Association Variable Rate Notes 4.51000080 3135G1AA9 B1V7KEBTPIMZEU4LTD58 US3135G1AA91 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Fitch AA+ Moody's Agency 2025-01-02 2026-11-20 2026-11-20 N N N 0.0459 1300032.18 1300032.18 0.0061 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NA1 254900HROIFWPRGM1V77 US912797NA14 U.S. Treasury Debt Y Moody's Govt Fitch F1+ Standard & Poor's A-1+ 2025-10-30 2025-10-30 2025-10-30 N N N 0.0413 826410.59 826410.59 0.0039 N Y Y N Federal Home Loan Mortgage Corp. Variable Rate Notes Federal Home Loan Mortgage Corp. Variable Rate Notes 4.51000080 3134HAMW0 S6XOOCT0IEG5ABCC6L87 US3134HAMW00 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Standard & Poor's AA+ Fitch AA+ 2025-01-02 2026-09-23 2026-09-23 N N N 0.0460 699985.10 699985.10 0.0033 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NP8 254900HROIFWPRGM1V77 US912797NP82 U.S. Treasury Debt Y Moody's Govt Standard & Poor's A-1+ Fitch F1+ 2025-06-05 2025-06-05 2025-06-05 N N N 0.0422 967567.65 967567.65 0.0045 N Y Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797KS5 254900HROIFWPRGM1V77 US912797KS58 U.S. Treasury Debt Y Standard & Poor's A-1+ Moody's Govt Fitch F1+ 2025-04-17 2025-04-17 2025-04-17 N N N 0.0419 2667236.04 2667236.04 0.0125 N Y Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NG8 254900HROIFWPRGM1V77 US912797NG83 U.S. Treasury Debt Y Fitch F1+ Moody's Govt Standard & Poor's A-1+ 2025-02-11 2025-02-11 2025-02-11 N N N 0.0406 3752474.89 3752474.89 0.0175 N Y Y N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385AC0 2549001DPIFGXC1TOL40 US313385AC08 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Standard & Poor's A-1+ Fitch F1+ Moody's Agency 2025-01-03 2025-01-03 2025-01-03 N N N 0.0427 1999298.34 1999298.34 0.0093 N N Y N Societe Generale SA Societe Generale SA 4.45000000 N/A O2RNE8IBXP4R0TD8PU41 BYDCXX642 U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash Y N N Y UNITED STATES TREASURY 254900HROIFWPRGM1V77 912810TB4 2051-11-15 1.875 N/A 12831500.00 7140031.67 U.S. Treasuries (including strips) Y Moody's P-1 Standard & Poor's A-1 Fitch F1 2025-01-02 2025-01-02 2025-01-02 N N N 0.0445 7000000.00 7000000.00 0.0327 N Y Y N Federal Home Loan Bank Variable Rate Notes Federal Home Loan Bank Variable Rate Notes 4.39499880 3130B2V69 2549001DPIFGXC1TOL40 US3130B2V692 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Standard & Poor's AA+ Moody's Agency Fitch AA+ 2025-01-02 2025-03-25 2025-03-25 N N N 0.0434 2610192.67 2610192.67 0.0122 N N N N Federal Home Loan Bank Discount Notes Federal Home Loan Bank Discount Notes 0.00000000 313385BC9 2549001DPIFGXC1TOL40 US313385BC98 U.S. Government Agency Debt (if categorized as no-coupon discount notes) Y Fitch F1+ Standard & Poor's A-1+ Moody's Agency 2025-01-27 2025-01-27 2025-01-27 N N N 0.0428 1890013.38 1890013.38 0.0088 N N Y N Federal Home Loan Bank Variable Rate Notes Federal Home Loan Bank Variable Rate Notes 4.37000040 3130B4DA6 2549001DPIFGXC1TOL40 US3130B4DA63 U.S. Government Agency Debt (if categorized as coupon-paying notes) Y Moody's Agency Standard & Poor's AA+ Fitch AA+ 2025-01-02 2025-05-22 2025-05-22 N N N 0.0440 199998.49 199998.49 0.0009 N N N N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797PA9 254900HROIFWPRGM1V77 US912797PA95 U.S. Treasury Debt Y Fitch F1+ Standard & Poor's A-1+ Moody's Govt 2025-04-22 2025-04-22 2025-04-22 N N N 0.0422 2961640.47 2961640.47 0.0138 N Y Y N U.S. Treasury Bills U.S. Treasury Bills 0.00000000 912797NY9 254900HROIFWPRGM1V77 US912797NY99 U.S. Treasury Debt Y Moody's Govt Standard & Poor's A-1+ Fitch F1+ 2025-04-08 2025-04-08 2025-04-08 N N N 0.0420 568595.00 568595.00 0.0027 N Y Y N BlackRock Variable Series Funds, Inc. 2025-01-07 Chuck Pulsfort Chuck Pulsfort Assistant Treasurer