NPORT-EX 2 Managed_Volatility_VI.htm PART F
Schedule
of
Investments
(unaudited)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.3%
Airbus
SE
..........................
645
$
121,952
BAE
Systems
plc
.....................
4,626
135,627
Boeing
Co.
(The)
(a)
....................
958
190,671
BWX
Technologies,
Inc.
................
263
53,781
Curtiss-Wright
Corp.
...................
122
83,097
Dassault
Aviation
SA
..................
69
25,682
Elbit
Systems
Ltd.
....................
24
20,235
GE
Aerospace
.......................
2,161
613,227
General
Dynamics
Corp.
................
766
262,906
HEICO
Corp.
,
Class
A
..................
474
100,057
Howmet
Aerospace,
Inc.
................
836
192,664
Leonardo
SpA
.......................
505
34,350
Lockheed
Martin
Corp.
.................
275
166,207
Northrop
Grumman
Corp.
...............
115
78,458
Rheinmetall
AG
......................
50
84,339
Rocket
Lab
Corp.
(a)
...................
503
32,303
Rolls-Royce
Holdings
plc
...............
6,848
104,038
RTX
Corp.
.........................
2,684
517,743
Saab
AB
,
Class
B
....................
893
58,447
Safran
SA
..........................
813
266,037
Singapore
Technologies
Engineering
Ltd.
.....
11,200
95,057
Thales
SA
..........................
200
58,649
3,295,527
Air
Freight
&
Logistics
—
0.4%
Deutsche
Post
AG
....................
2,598
136,933
Expeditors
International
of
Washington,
Inc.
...
360
51,563
FedEx
Corp.
........................
769
273,902
United
Parcel
Service,
Inc.
,
Class
B
........
1,348
132,616
595,014
Automobile
Components
—
0.1%
Cie
Generale
des
Etablissements
Michelin
SCA
1,165
39,912
Continental
AG
......................
1,000
69,807
Mobileye
Global,
Inc.
,
Class
A
(a)
...........
5,245
36,033
QuantumScape
Corp.
,
Class
A
(a)
(b)
.........
553
3,528
149,280
Automobiles
—
0.9%
General
Motors
Co.
...................
1,031
76,809
Tesla,
Inc.
(a)
.........................
3,000
1,115,250
Toyota
Motor
Corp.
...................
3,800
78,992
1,271,051
Banks
—
5.5%
Banca
Monte
dei
Paschi
di
Siena
SpA
.......
10,836
94,550
Banco
Bilbao
Vizcaya
Argentaria
SA
........
9,907
213,987
Banco
BPM
SpA
.....................
1,170
16,275
Banco
de
Sabadell
SA
.................
5,984
21,436
Banco
Santander
SA
..................
29,863
334,786
Bank
Hapoalim
BM
...................
1,582
37,153
Bank
Leumi
Le-Israel
BM
...............
1,860
41,595
Bank
of
America
Corp.
.................
20,162
982,898
Bank
of
Ireland
Group
plc
...............
1,406
25,509
Barclays
plc
........................
31,637
165,572
BAWAG
Group
AG
(c)
(d)
..................
138
20,980
BNP
Paribas
SA
.....................
2,400
228,633
Citigroup,
Inc.
.......................
4,115
466,682
Citizens
Financial
Group,
Inc.
............
1,166
69,925
Commerzbank
AG
....................
892
32,540
Commonwealth
Bank
of
Australia
..........
2,038
238,664
Credit
Agricole
SA
....................
2,332
43,525
Danske
Bank
A/S
.....................
417
20,551
DBS
Group
Holdings
Ltd.
...............
2,700
120,150
Fukuoka
Financial
Group,
Inc.
............
500
19,148
Security
Shares
Shares
Value
Banks
(continued)
HSBC
Holdings
plc
...................
32,423
$
532,470
Intesa
Sanpaolo
SpA
..................
71,593
432,986
Israel
Discount
Bank
Ltd.
,
Class
A
.........
1,529
15,440
Japan
Post
Bank
Co.
Ltd.
...............
1,700
27,727
JPMorgan
Chase
&
Co.
................
4,533
1,333,427
Mitsubishi
UFJ
Financial
Group,
Inc.
........
18,500
313,278
Mizuho
Financial
Group,
Inc.
.............
600
24,290
NatWest
Group
plc
....................
12,079
89,481
Nordea
Bank
Abp
....................
1,494
25,725
NU
Holdings
Ltd.
,
Class
A
(a)
..............
4,011
57,638
PNC
Financial
Services
Group,
Inc.
(The)
....
445
92,600
Resona
Holdings,
Inc.
.................
2,500
28,519
Societe
Generale
SA
..................
925
67,541
Standard
Chartered
plc
.................
5,978
124,581
Sumitomo
Mitsui
Financial
Group,
Inc.
.......
6,900
226,874
Sumitomo
Mitsui
Trust
Group,
Inc.
.........
2,600
82,827
Svenska
Handelsbanken
AB
,
Class
A
.......
9,718
128,119
Truist
Financial
Corp.
..................
1,538
70,702
UniCredit
SpA
.......................
861
61,771
US
Bancorp
........................
1,458
75,831
Webster
Financial
Corp.
................
62
4,304
Wells
Fargo
&
Co.
....................
7,539
600,180
Western
Alliance
Bancorp
...............
724
51,295
Zions
Bancorp
NA
....................
178
10,256
7,672,421
Beverages
—
0.7%
Asahi
Group
Holdings
Ltd.
...............
3,200
31,951
Coca-Cola
Co.
(The)
..................
5,294
402,609
Coca-Cola
Consolidated,
Inc.
.............
258
49,469
Coca-Cola
HBC
AG
...................
1,000
56,329
Constellation
Brands,
Inc.
,
Class
A
.........
351
52,650
Keurig
Dr
Pepper,
Inc.
.................
1,225
32,254
Monster
Beverage
Corp.
(a)
...............
1,640
118,834
PepsiCo,
Inc.
.......................
1,611
250,172
994,268
Biotechnology
—
1.2%
AbbVie,
Inc.
........................
2,423
526,978
Alkermes
plc
(a)
.......................
1,165
41,194
Alnylam
Pharmaceuticals,
Inc.
(a)
...........
162
53,601
Amgen,
Inc.
........................
675
237,499
Ascendis
Pharma
A/S
,
ADR
(a)
.............
50
11,437
Biogen,
Inc.
(a)
.......................
155
28,416
BioMarin
Pharmaceutical,
Inc.
(a)
...........
786
44,401
CSL
Ltd.
...........................
464
45,574
Genmab
A/S
(a)
.......................
65
17,506
Gilead
Sciences,
Inc.
..................
1,399
194,979
Insmed,
Inc.
(a)
.......................
295
48,238
Kymera
Therapeutics,
Inc.
(a)
..............
210
17,491
Moderna,
Inc.
(a)
......................
464
23,571
Neurocrine
Biosciences,
Inc.
(a)
............
83
10,934
Regeneron
Pharmaceuticals,
Inc.
..........
212
163,800
Revolution
Medicines,
Inc.
(a)
..............
208
20,228
Sarepta
Therapeutics,
Inc.
(a)
.............
112
2,437
United
Therapeutics
Corp.
(a)
..............
69
40,916
Vertex
Pharmaceuticals,
Inc.
(a)
............
215
96,006
1,625,206
Broadline
Retail
—
2.2%
Amazon.com,
Inc.
(a)
...................
13,381
2,786,861
Coupang,
Inc.
,
Class
A
(a)
................
1,557
29,396
eBay,
Inc.
..........................
453
41,232
Global-e
Online
Ltd.
(a)
..................
631
19,466
MercadoLibre,
Inc.
(a)
...................
38
65,703
Prosus
NV
,
Class
N
...................
571
26,435
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Broadline
Retail
(continued)
Sea
Ltd.
,
ADR,
Class
A
(a)
................
719
$
59,540
Wesfarmers
Ltd.
.....................
441
22,516
3,051,149
Building
Products
—
0.0%
Kingspan
Group
plc
...................
176
15,050
Takasago
Thermal
Engineering
Co.
Ltd.
.....
600
16,681
Trane
Technologies
plc
.................
68
28,338
60,069
Capital
Markets
—
2.3%
3i
Group
plc
........................
2,831
92,265
Ameriprise
Financial,
Inc.
...............
333
147,985
Amundi
SA
(c)
(d)
.......................
567
48,727
Ares
Management
Corp.
,
Class
A
..........
228
24,875
Blackstone,
Inc.
,
Class
A
................
890
102,341
Brookfield
Asset
Management
Ltd.
,
Class
A
...
459
20,402
Carlyle
Group,
Inc.
(The)
................
317
15,340
Charles
Schwab
Corp.
(The)
.............
3,449
324,137
CME
Group,
Inc.
,
Class
A
...............
406
119,912
Daiwa
Securities
Group,
Inc.
.............
9,500
90,016
Deutsche
Bank
AG
(Registered)
...........
6,341
188,709
Euronext
NV
(c)
(d)
......................
371
59,576
Goldman
Sachs
Group,
Inc.
(The)
.........
621
525,360
Hong
Kong
Exchanges
&
Clearing
Ltd.
......
1,700
85,761
Janus
Henderson
Group
plc
.............
149
7,654
Jefferies
Financial
Group,
Inc.
............
829
34,213
Julius
Baer
Group
Ltd.
.................
899
66,125
London
Stock
Exchange
Group
plc
.........
1,067
126,000
Macquarie
Group
Ltd.
..................
1,219
173,167
Moody's
Corp.
.......................
35
15,269
Morgan
Stanley
......................
2,066
340,002
Nasdaq,
Inc.
........................
194
16,469
Nomura
Holdings,
Inc.
.................
14,900
117,323
S&P
Global,
Inc.
.....................
293
124,624
Schroders
plc
.......................
835
6,429
St.
James's
Place
plc
..................
2,147
33,877
Stifel
Financial
Corp.
..................
436
32,229
Swissquote
Group
Holding
SA
(Registered)
...
73
36,262
UBS
Group
AG
(Registered)
.............
5,273
205,612
Virtu
Financial,
Inc.
,
Class
A
..............
535
23,529
XP,
Inc.
,
Class
A
.....................
217
4,132
3,208,322
Chemicals
—
1.7%
Air
Liquide
SA
.......................
898
185,615
Air
Products
&
Chemicals,
Inc.
............
169
49,093
Albemarle
Corp.
.....................
1,037
186,173
BASF
SE
..........................
697
42,929
Celanese
Corp.
......................
432
28,413
CF
Industries
Holdings,
Inc.
..............
317
41,159
Corteva,
Inc.
........................
4,863
407,082
Dow,
Inc.
..........................
3,832
159,603
DuPont
de
Nemours,
Inc.
...............
1,483
67,921
Ecolab,
Inc.
........................
441
117,315
Linde
plc
..........................
1,388
688,115
LyondellBasell
Industries
NV
,
Class
A
.......
647
52,122
Mitsubishi
Gas
Chemical
Co.,
Inc.
.........
900
21,117
Mosaic
Co.
(The)
.....................
1,067
27,209
Orica
Ltd.
..........................
979
13,759
Sherwin-Williams
Co.
(The)
..............
537
172,135
Solstice
Advanced
Materials,
Inc.
..........
530
40,365
Sumitomo
Chemical
Co.
Ltd.
.............
6,000
19,413
Tosoh
Corp.
........................
2,300
34,189
2,353,727
Security
Shares
Shares
Value
Commercial
Services
&
Supplies
—
0.5%
Copart,
Inc.
(a)
.......................
265
$
8,798
Dai
Nippon
Printing
Co.
Ltd.
.............
700
12,754
RB
Global,
Inc.
......................
223
21,375
Republic
Services,
Inc.
.................
507
111,043
Securitas
AB
,
Class
B
..................
887
14,855
Tetra
Tech,
Inc.
......................
746
22,470
Veralto
Corp.
........................
1,379
121,931
Waste
Connections,
Inc.
................
360
58,478
Waste
Management,
Inc.
................
1,288
295,970
667,674
Communications
Equipment
—
0.9%
Arista
Networks,
Inc.
(a)
.................
1,866
229,108
Ciena
Corp.
(a)
.......................
122
47,364
Cisco
Systems,
Inc.
...................
6,524
506,197
Lumentum
Holdings,
Inc.
(a)
..............
173
121,577
Motorola
Solutions,
Inc.
................
766
332,421
Nokia
OYJ
.........................
1,805
14,480
1,251,147
Construction
&
Engineering
—
0.9%
AECOM
...........................
1,830
155,221
API
Group
Corp.
(a)
....................
3,716
150,572
Bouygues
SA
.......................
588
34,078
Comfort
Systems
USA,
Inc.
..............
116
159,963
Eiffage
SA
.........................
220
33,741
EMCOR
Group,
Inc.
...................
40
29,532
Ferrovial
SE
........................
721
46,906
Fluor
Corp.
(a)
........................
211
9,843
INFRONEER
Holdings,
Inc.
(b)
.............
1,100
15,261
Kajima
Corp.
........................
1,900
72,482
Kandenko
Co.
Ltd.
....................
400
15,192
MasTec,
Inc.
(a)
.......................
140
45,044
Obayashi
Corp.
......................
4,400
106,570
Penta-Ocean
Construction
Co.
Ltd.
.........
1,500
15,954
Quanta
Services,
Inc.
..................
245
134,510
Shimizu
Corp.
.......................
1,800
32,294
Skanska
AB
,
Class
B
..................
2,197
59,427
Stantec,
Inc.
........................
233
20,143
Vinci
SA
...........................
868
130,286
1,267,019
Construction
Materials
—
0.2%
CRH
plc
...........................
1,410
148,219
Heidelberg
Materials
AG
................
295
62,256
Holcim
AG
.........................
654
54,061
James
Hardie
Industries
plc
,
ADR
(a)
........
180
3,409
Vulcan
Materials
Co.
..................
273
74,338
342,283
Consumer
Finance
—
0.4%
Ally
Financial,
Inc.
....................
2,542
99,723
American
Express
Co.
.................
724
218,995
Capital
One
Financial
Corp.
..............
816
148,863
Credit
Saison
Co.
Ltd.
..................
3,200
83,647
551,228
Consumer
Staples
Distribution
&
Retail
—
1.3%
Aeon
Co.
Ltd.
.......................
2,000
23,912
Costco
Wholesale
Corp.
................
755
752,305
Dollar
General
Corp.
..................
606
71,950
Dollar
Tree,
Inc.
(a)
.....................
275
30,115
Koninklijke
Ahold
Delhaize
NV
............
1,665
77,538
Loblaw
Cos.
Ltd.
.....................
868
39,572
Maplebear,
Inc.
(a)
.....................
334
12,512
Seven
&
i
Holdings
Co.
Ltd.
..............
2,400
32,279
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Consumer
Staples
Distribution
&
Retail
(continued)
Walmart,
Inc.
........................
6,612
$
821,739
1,861,922
Containers
&
Packaging
—
0.2%
CCL
Industries,
Inc.
,
Class
B
.............
663
41,541
Crown
Holdings,
Inc.
..................
586
58,746
International
Paper
Co.
.................
1,544
55,121
Smurfit
WestRock
plc
..................
1,843
73,443
228,851
Diversified
Consumer
Services
—
0.0%
Bright
Horizons
Family
Solutions,
Inc.
(a)
......
73
5,996
H&R
Block,
Inc.
......................
156
4,951
Service
Corp.
International
..............
502
41,420
52,367
Diversified
REITs
—
0.0%
Land
Securities
Group
plc
...............
1,949
14,376
Diversified
Telecommunication
Services
—
0.8%
AT&T,
Inc.
..........................
8,729
253,054
Comcast
Corp.
,
Class
A
................
6,930
198,960
Deutsche
Telekom
AG
(Registered)
........
6,324
236,032
NTT,
Inc.
..........................
52,900
52,925
Quebecor,
Inc.
,
Class
B
................
862
36,603
Singapore
Telecommunications
Ltd.
........
49,700
190,961
Sunrise
Communications
AG
,
Class
A
(a)
......
442
26,343
Verizon
Communications,
Inc.
............
3,749
188,200
1,183,078
Electric
Utilities
—
1.1%
BKW
AG
..........................
80
15,773
Constellation
Energy
Corp.
..............
252
70,371
Duke
Energy
Corp.
...................
2,052
268,689
Edison
International
...................
1,217
89,060
EDP
SA
...........................
6,139
32,486
Exelon
Corp.
........................
3,793
185,933
FirstEnergy
Corp.
....................
336
17,022
Iberdrola
SA
........................
14,260
326,471
Kansai
Electric
Power
Co.,
Inc.
(The)
.......
2,100
34,915
NextEra
Energy,
Inc.
..................
2,415
224,305
NRG
Energy,
Inc.
.....................
461
67,370
PG&E
Corp.
........................
6,605
116,050
Portland
General
Electric
Co.
.............
821
43,324
Southern
Co.
(The)
...................
520
50,190
Tokyo
Electric
Power
Co.
Holdings,
Inc.
(a)
.....
5,200
21,427
1,563,386
Electrical
Equipment
—
2.0%
ABB
Ltd.
(Registered)
..................
5,011
407,434
Accelleron
Industries
AG
................
133
12,021
AMETEK,
Inc.
.......................
736
157,769
Bloom
Energy
Corp.
,
Class
A
(a)
............
456
61,784
Eaton
Corp.
plc
......................
945
337,998
Emerson
Electric
Co.
..................
244
31,969
Fujikura
Ltd.
........................
1,800
49,504
Furukawa
Electric
Co.
Ltd.
...............
100
19,198
GE
Vernova,
Inc.
.....................
618
539,452
Generac
Holdings,
Inc.
(a)
................
80
15,626
Mitsubishi
Electric
Corp.
................
2,300
75,226
Nextpower,
Inc.
,
Class
A
(a)
...............
464
55,935
Nidec
Corp.
(a)
.......................
1,800
22,857
Nordex
SE
(a)
........................
341
18,480
nVent
Electric
plc
.....................
767
90,721
Rockwell
Automation,
Inc.
...............
396
142,117
Schneider
Electric
SE
..................
301
81,987
Siemens
Energy
AG
...................
1,945
335,414
Security
Shares
Shares
Value
Electrical
Equipment
(continued)
Vertiv
Holdings
Co.
,
Class
A
.............
1,105
$
276,891
Vestas
Wind
Systems
A/S
...............
3,154
95,159
2,827,542
Electronic
Equipment,
Instruments
&
Components
—
1.0%
Amphenol
Corp.
,
Class
A
...............
2,517
318,023
Celestica,
Inc.
(a)
......................
54
15,233
Coherent
Corp.
(a)
.....................
165
39,305
Corning,
Inc.
........................
587
79,814
Flex
Ltd.
(a)
..........................
1,626
106,438
Hexagon
AB
,
Class
B
..................
5,047
49,118
Jabil,
Inc.
..........................
216
57,376
Keysight
Technologies,
Inc.
(a)
.............
321
90,641
Kyocera
Corp.
.......................
1,800
27,600
Murata
Manufacturing
Co.
Ltd.
............
8,800
197,448
TDK
Corp.
.........................
1,400
18,186
TE
Connectivity
plc
...................
994
207,766
Teledyne
Technologies,
Inc.
(a)
.............
143
86,517
Vontier
Corp.
........................
1,203
42,670
1,336,135
Energy
Equipment
&
Services
—
0.4%
Baker
Hughes
Co.
,
Class
A
..............
2,726
166,422
Halliburton
Co.
......................
2,469
96,266
SLB
Ltd.
...........................
3,828
196,721
TechnipFMC
plc
......................
2,188
151,257
610,666
Entertainment
—
1.1%
Electronic
Arts,
Inc.
...................
279
56,880
Netflix,
Inc.
(a)
........................
6,658
640,167
Nintendo
Co.
Ltd.
.....................
1,300
74,211
ROBLOX
Corp.
,
Class
A
(a)
...............
1,381
78,109
Roku,
Inc.
,
Class
A
(a)
..................
812
76,831
Spotify
Technology
SA
(a)
................
474
229,847
Take-Two
Interactive
Software,
Inc.
(a)
........
290
57,275
Walt
Disney
Co.
(The)
.................
3,297
317,765
Warner
Bros
Discovery,
Inc.
(a)
............
2,662
73,099
1,604,184
Financial
Services
—
1.6%
Affirm
Holdings,
Inc.
,
Class
A
(a)
............
559
25,614
Berkshire
Hathaway,
Inc.
,
Class
B
(a)
........
2,182
1,045,615
Block,
Inc.
,
Class
A
(a)
..................
763
45,917
Edenred
SE
........................
573
11,414
Essent
Group
Ltd.
....................
846
49,440
Fidelity
National
Information
Services,
Inc.
....
1,385
64,970
M&G
plc
...........................
9,749
35,413
Mastercard,
Inc.
,
Class
A
................
1,050
524,643
MGIC
Investment
Corp.
................
1,645
43,181
PayPal
Holdings,
Inc.
..................
1,117
50,522
Rocket
Cos.,
Inc.
,
Class
A
(a)
..............
757
10,787
Visa,
Inc.
,
Class
A
....................
1,268
383,240
2,290,756
Food
Products
—
0.7%
Barry
Callebaut
AG
(Registered)
...........
19
33,413
Chocoladefabriken
Lindt
&
Spruengli
AG
.....
7
98,294
Chocoladefabriken
Lindt
&
Spruengli
AG
(Registered)
......................
1
143,132
Conagra
Brands,
Inc.
..................
7,807
122,726
General
Mills,
Inc.
....................
681
25,347
Hershey
Co.
(The)
....................
180
37,420
Kerry
Group
plc
,
Class
A
................
268
21,338
Kraft
Heinz
Co.
(The)
..................
5,662
127,338
Lamb
Weston
Holdings,
Inc.
.............
875
36,978
MEIJI
Holdings
Co.
Ltd.
................
2,100
51,214
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Food
Products
(continued)
Nestle
SA
(Registered)
.................
2,622
$
257,195
NH
Foods
Ltd.
.......................
500
22,205
Tyson
Foods,
Inc.
,
Class
A
..............
520
33,316
1,009,916
Gas
Utilities
—
0.1%
Brookfield
Infrastructure
Corp.
,
Class
A
......
923
36,473
Snam
SpA
.........................
4,894
37,074
73,547
Ground
Transportation
—
0.5%
CSX
Corp.
.........................
999
41,009
Norfolk
Southern
Corp.
.................
260
74,620
Uber
Technologies,
Inc.
(a)
...............
2,583
185,795
Union
Pacific
Corp.
...................
1,659
402,507
XPO,
Inc.
(a)
.........................
265
51,556
755,487
Health
Care
Equipment
&
Supplies
—
0.5%
Abbott
Laboratories
...................
1,344
137,988
Boston
Scientific
Corp.
(a)
................
3,269
205,130
EssilorLuxottica
SA
...................
620
144,476
Hologic,
Inc.
(a)
.......................
291
21,997
Intuitive
Surgical,
Inc.
(a)
.................
265
122,162
Medtronic
plc
.......................
205
17,763
Penumbra,
Inc.
(a)
.....................
18
5,911
STERIS
plc
.........................
69
15,258
670,685
Health
Care
Providers
&
Services
—
0.9%
Cardinal
Health,
Inc.
...................
596
125,941
Centene
Corp.
(a)
.....................
1,743
57,066
CVS
Health
Corp.
....................
1,118
80,295
Elevance
Health,
Inc.
..................
277
81,092
Encompass
Health
Corp.
...............
975
94,312
HCA
Healthcare,
Inc.
..................
320
151,437
Humana,
Inc.
.......................
278
48,202
McKesson
Corp.
.....................
201
173,937
Molina
Healthcare,
Inc.
(a)
................
101
13,463
Tenet
Healthcare
Corp.
(a)
................
207
39,063
UnitedHealth
Group,
Inc.
................
1,441
389,920
Universal
Health
Services,
Inc.
,
Class
B
.....
333
59,597
1,314,325
Health
Care
Technology
—
0.0%
(a)
Doximity,
Inc.
,
Class
A
.................
746
17,382
Veeva
Systems,
Inc.
,
Class
A
.............
68
11,945
29,327
Hotels,
Restaurants
&
Leisure
—
1.4%
Airbnb,
Inc.
,
Class
A
(a)
..................
1,045
131,963
Aristocrat
Leisure
Ltd.
..................
5,950
189,122
Booking
Holdings,
Inc.
.................
91
383,139
Brinker
International,
Inc.
(a)
..............
217
30,981
Carnival
Corp.
.......................
4,585
118,660
Chipotle
Mexican
Grill,
Inc.
(a)
.............
511
16,357
Churchill
Downs,
Inc.
..................
233
20,930
Domino's
Pizza,
Inc.
...................
393
141,005
DraftKings,
Inc.
,
Class
A
(a)
...............
1,768
38,224
Evolution
AB
(c)
(d)
......................
532
33,435
Expedia
Group,
Inc.
...................
604
139,458
Flutter
Entertainment
plc
(a)
...............
163
16,618
Galaxy
Entertainment
Group
Ltd.
..........
12,000
54,239
Hilton
Worldwide
Holdings,
Inc.
...........
96
29,192
Las
Vegas
Sands
Corp.
................
1,339
72,145
McDonald's
Corp.
....................
911
283,130
Planet
Fitness,
Inc.
,
Class
A
(a)
............
309
22,983
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
Red
Rock
Resorts,
Inc.
,
Class
A
...........
559
$
29,828
Restaurant
Brands
International,
Inc.
........
304
22,466
Royal
Caribbean
Cruises
Ltd.
............
202
55,586
Sportradar
Group
AG
,
Class
A
(a)
...........
618
10,345
TUI
AG
...........................
1,850
14,569
Viking
Holdings
Ltd.
(a)
..................
2,177
159,966
Wynn
Resorts
Ltd.
(b)
...................
184
18,685
2,033,026
Household
Durables
—
0.7%
Barratt
Redrow
plc
....................
3,654
12,709
Berkeley
Group
Holdings
plc
(a)
............
799
36,601
DR
Horton,
Inc.
......................
121
16,604
Garmin
Ltd.
.........................
441
102,316
Meritage
Homes
Corp.
.................
1,029
63,633
Panasonic
Holdings
Corp.
...............
10,400
174,422
Persimmon
plc
......................
1,755
25,053
Sekisui
House
Ltd.
....................
6,000
134,443
Sony
Group
Corp.
....................
18,400
383,506
Sumitomo
Forestry
Co.
Ltd.
..............
1,500
13,648
Taylor
Morrison
Home
Corp.
(a)
............
770
44,845
Taylor
Wimpey
plc
....................
11,228
13,336
1,021,116
Household
Products
—
0.4%
Colgate-Palmolive
Co.
.................
152
12,955
Procter
&
Gamble
Co.
(The)
.............
3,174
458,452
Reckitt
Benckiser
Group
plc
..............
1,351
90,842
562,249
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
AES
Corp.
(The)
.....................
190
2,677
RWE
AG
..........................
1,767
118,882
Vistra
Corp.
........................
554
83,283
204,842
Industrial
Conglomerates
—
1.2%
3M
Co.
............................
3,910
567,849
Hitachi
Ltd.
.........................
6,300
184,814
Honeywell
International,
Inc.
.............
2,607
589,260
Siemens
AG
(Registered)
...............
1,150
280,179
1,622,102
Industrial
REITs
—
0.0%
Segro
plc
..........................
3,824
32,781
Insurance
—
2.0%
Aegon
Ltd.
.........................
19,487
142,513
Ageas
SA
..........................
795
58,522
AIA
Group
Ltd.
......................
36,800
408,897
Allianz
SE
(Registered)
.................
847
357,704
Allstate
Corp.
(The)
...................
831
172,299
Arch
Capital
Group
Ltd.
(a)
...............
568
54,522
ASR
Nederland
NV
...................
1,221
84,062
AXA
SA
...........................
3,623
166,482
Brighthouse
Financial,
Inc.
(a)
.............
70
4,192
Chubb
Ltd.
.........................
559
182,195
Daiichi
Life
Group,
Inc.
.................
6,300
58,099
Hanover
Insurance
Group,
Inc.
(The)
.......
227
39,350
Hartford
Insurance
Group,
Inc.
(The)
........
98
13,252
Helvetia
Baloise
Holding
AG
.............
14
3,623
Japan
Post
Holdings
Co.
Ltd.
.............
9,100
105,073
Marsh
&
McLennan
Cos.,
Inc.
............
198
34,343
MetLife,
Inc.
........................
1,618
114,425
Muenchener
Rueckversicherungs-Gesellschaft
AG
(Registered)
...................
68
42,945
NN
Group
NV
.......................
1,687
131,748
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Insurance
(continued)
Progressive
Corp.
(The)
................
831
$
164,737
Prudential
Financial,
Inc.
................
278
27,158
RenaissanceRe
Holdings
Ltd.
............
107
31,804
Tokio
Marine
Holdings,
Inc.
..............
600
28,165
Travelers
Cos.,
Inc.
(The)
...............
542
158,091
Tryg
A/S
...........................
1,971
46,979
Zurich
Insurance
Group
AG
..............
194
137,123
2,768,303
Interactive
Media
&
Services
—
4.6%
Alphabet,
Inc.
,
Class
A
.................
8,794
2,528,803
Alphabet,
Inc.
,
Class
C
.................
7,468
2,142,270
LY
Corp.
(b)
..........................
22,300
53,768
Meta
Platforms,
Inc.
,
Class
A
.............
2,973
1,700,943
Reddit,
Inc.
,
Class
A
(a)
..................
276
37,163
6,462,947
IT
Services
—
0.7%
Accenture
plc
,
Class
A
.................
696
138,010
Capgemini
SE
.......................
222
26,196
CGI,
Inc.
,
Class
A
....................
223
16,303
Cloudflare,
Inc.
,
Class
A
(a)
...............
163
33,634
Fujitsu
Ltd.
.........................
8,000
163,605
International
Business
Machines
Corp.
......
1,445
350,254
NEC
Corp.
.........................
5,300
131,880
Nomura
Research
Institute
Ltd.
...........
1,100
30,104
TIS,
Inc.
...........................
800
17,105
VeriSign,
Inc.
.......................
434
107,788
1,014,879
Leisure
Products
—
0.1%
BRP,
Inc.
..........................
275
19,769
Hasbro,
Inc.
........................
539
50,450
70,219
Life
Sciences
Tools
&
Services
—
0.3%
Danaher
Corp.
......................
581
110,158
Eurofins
Scientific
SE
..................
282
20,577
Lonza
Group
AG
(Registered)
............
41
26,302
Mettler-Toledo
International,
Inc.
(a)
.........
19
23,963
QIAGEN
NV
........................
519
20,781
Thermo
Fisher
Scientific,
Inc.
.............
454
223,155
West
Pharmaceutical
Services,
Inc.
........
65
16,291
441,227
Machinery
—
1.0%
Caterpillar,
Inc.
......................
490
347,145
Crane
Co.
..........................
476
81,396
IHI
Corp.
..........................
800
16,506
Illinois
Tool
Works,
Inc.
.................
695
180,902
ITT,
Inc.
...........................
382
72,782
KION
Group
AG
......................
235
12,557
Mitsubishi
Heavy
Industries
Ltd.
...........
6,400
175,851
NGK
Corp.
.........................
600
15,464
Parker-Hannifin
Corp.
..................
360
322,286
Pentair
plc
(b)
........................
297
25,872
Sandvik
AB
.........................
373
14,339
Schindler
Holding
AG
..................
116
38,210
Techtronic
Industries
Co.
Ltd.
.............
1,500
19,920
Toyota
Industries
Corp.
(a)
................
200
25,864
Xylem,
Inc.
.........................
618
73,851
Yaskawa
Electric
Corp.
.................
700
18,488
1,441,433
Marine
Transportation
—
0.3%
AP
Moller
-
Maersk
A/S
,
Class
A
...........
22
53,868
AP
Moller
-
Maersk
A/S
,
Class
B
(b)
.........
39
97,417
Security
Shares
Shares
Value
Marine
Transportation
(continued)
Mitsui
OSK
Lines
Ltd.
(b)
.................
3,700
$
153,775
Nippon
Yusen
KK
(b)
...................
1,300
47,755
352,815
Media
—
0.3%
Fox
Corp.
,
Class
A
....................
1,674
97,762
Fox
Corp.
,
Class
B
....................
1,249
66,322
Informa
plc
.........................
5,500
55,240
New
York
Times
Co.
(The)
,
Class
A
(b)
.......
207
17,332
Omnicom
Group,
Inc.
..................
172
12,953
Publicis
Groupe
SA
...................
443
36,667
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
..........
2,126
48,239
Versant
Media
Group,
Inc.
(a)
..............
174
6,442
WPP
plc
...........................
1,452
4,541
345,498
Metals
&
Mining
—
0.4%
Anglogold
Ashanti
plc
..................
619
60,266
Barrick
Mining
Corp.
...................
797
32,571
Cleveland-Cliffs,
Inc.
(a)
.................
3,105
26,237
Fortescue
Ltd.
.......................
2,532
36,181
Newmont
Corp.
......................
1,779
192,577
Nippon
Steel
Corp.
(b)
..................
24,400
89,976
Regis
Resources
Ltd.
..................
1,724
8,171
Southern
Copper
Corp.
.................
102
17,550
thyssenkrupp
AG
.....................
2,143
18,883
Westgold
Resources
Ltd.
...............
2,631
11,069
493,481
Multi-Utilities
—
0.4%
AGL
Energy
Ltd.
.....................
2,739
18,751
Centrica
plc
........................
10,071
28,515
CMS
Energy
Corp.
....................
432
33,515
Engie
SA
..........................
2,677
86,273
National
Grid
plc
.....................
10,931
184,516
Sempra
...........................
1,634
158,776
Veolia
Environnement
SA
...............
2,285
87,026
597,372
Office
REITs
—
0.0%
Gecina
SA
.........................
208
16,411
Oil,
Gas
&
Consumable
Fuels
—
2.6%
BP
plc
............................
36,406
284,943
Chevron
Corp.
.......................
2,695
557,595
Chord
Energy
Corp.
...................
876
124,550
CNX
Resources
Corp.
(a)
................
264
10,177
ConocoPhillips
......................
585
77,220
Coterra
Energy,
Inc.
...................
693
24,352
Devon
Energy
Corp.
...................
1,481
74,524
ENEOS
Holdings,
Inc.
.................
19,300
173,896
EOG
Resources,
Inc.
..................
971
140,377
Expand
Energy
Corp.
..................
318
34,910
Exxon
Mobil
Corp.
....................
4,458
756,344
Frontline
plc
........................
729
25,413
HF
Sinclair
Corp.
.....................
652
40,678
Japan
Petroleum
Exploration
Co.
Ltd.
.......
800
13,177
Kinder
Morgan,
Inc.
...................
3,067
102,836
Marathon
Petroleum
Corp.
..............
131
31,988
Ovintiv,
Inc.
.........................
308
18,283
Repsol
SA
.........................
940
26,459
Santos
Ltd.
.........................
31,493
172,378
Shell
plc
...........................
12,113
561,014
Targa
Resources
Corp.
.................
257
64,438
TotalEnergies
SE
.....................
2,862
262,658
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
Valero
Energy
Corp.
...................
149
$
36,815
3,615,025
Paper
&
Forest
Products
—
0.4%
Louisiana-Pacific
Corp.
.................
6,782
493,391
Passenger
Airlines
—
0.3%
Alaska
Air
Group,
Inc.
(a)
.................
324
11,917
American
Airlines
Group,
Inc.
(a)
............
3,275
35,174
Delta
Air
Lines,
Inc.
...................
1,570
104,374
Deutsche
Lufthansa
AG
(Registered)
.......
3,950
33,637
Joby
Aviation,
Inc.
,
Class
A
(a)
.............
5,728
47,313
Qantas
Airways
Ltd.
...................
16,522
97,054
Singapore
Airlines
Ltd.
.................
4,400
22,689
United
Airlines
Holdings,
Inc.
(a)
............
1,210
111,405
463,563
Personal
Care
Products
—
0.1%
BellRing
Brands,
Inc.
(a)
.................
153
2,462
Kenvue,
Inc.
........................
1,892
32,618
Unilever
plc
.........................
2,561
140,597
175,677
Pharmaceuticals
—
2.9%
AstraZeneca
plc
.....................
2,474
483,766
Bristol-Myers
Squibb
Co.
................
3,550
215,308
Daiichi
Sankyo
Co.
Ltd.
.................
2,100
37,570
Eli
Lilly
&
Co.
.......................
1,116
1,026,463
GSK
plc
...........................
6,197
170,699
Haleon
plc
.........................
9,317
46,110
Ipsen
SA
..........................
204
38,124
Johnson
&
Johnson
...................
3,029
740,409
Merck
&
Co.,
Inc.
.....................
2,090
251,406
Novartis
AG
(Registered)
...............
1,217
186,803
Novo
Nordisk
A/S
,
Class
B
..............
2,516
92,072
Ono
Pharmaceutical
Co.
Ltd.
.............
2,200
35,310
Pfizer,
Inc.
.........................
9,384
263,503
Roche
Holding
AG
....................
455
181,586
Royalty
Pharma
plc
,
Class
A
.............
499
23,937
Sanofi
SA
..........................
2,419
233,603
Zoetis,
Inc.
,
Class
A
...................
834
98,587
4,125,256
Professional
Services
—
1.3%
Automatic
Data
Processing,
Inc.
...........
497
100,980
BayCurrent,
Inc.
.....................
1,700
49,209
Booz
Allen
Hamilton
Holding
Corp.
.........
943
73,582
Broadridge
Financial
Solutions,
Inc.
........
215
34,933
Bureau
Veritas
SA
....................
552
16,522
CACI
International,
Inc.
,
Class
A
(a)
.........
87
47,317
Computershare
Ltd.
...................
6,402
126,263
Equifax,
Inc.
........................
352
63,385
Experian
plc
........................
4,304
148,895
Genpact
Ltd.
........................
1,535
57,179
Jacobs
Solutions,
Inc.
..................
1,211
154,136
KBR,
Inc.
..........................
2,023
74,568
Leidos
Holdings,
Inc.
..................
1,138
176,982
Planet
Labs
PBC
,
Class
A
(a)
..............
864
24,149
Recruit
Holdings
Co.
Ltd.
...............
3,700
161,209
RELX
plc
..........................
2,555
83,708
Robert
Half,
Inc.
.....................
121
3,073
SGS
SA
(Registered)
..................
887
93,480
SS&C
Technologies
Holdings,
Inc.
.........
1,302
87,976
Thomson
Reuters
Corp.
(b)
...............
1,065
96,126
UL
Solutions,
Inc.
,
Class
A
...............
473
40,541
Verisk
Analytics,
Inc.
...................
300
56,925
Security
Shares
Shares
Value
Professional
Services
(continued)
Wolters
Kluwer
NV
....................
721
$
53,850
1,824,988
Real
Estate
Management
&
Development
—
0.2%
Daiwa
House
Industry
Co.
Ltd.
............
3,000
94,119
Nomura
Real
Estate
Holdings,
Inc.
.........
29,400
190,623
Sino
Land
Co.
Ltd.
....................
14,000
20,515
Tokyo
Tatemono
Co.
Ltd.
................
1,600
36,912
342,169
Semiconductors
&
Semiconductor
Equipment
—
9.0%
Advanced
Micro
Devices,
Inc.
(a)
...........
2,512
511,016
Advantest
Corp.
......................
1,000
138,007
Analog
Devices,
Inc.
...................
1,015
322,912
Applied
Materials,
Inc.
.................
1,119
382,463
ASM
International
NV
..................
13
9,853
ASML
Holding
NV
....................
593
788,546
Astera
Labs,
Inc.
(a)
....................
374
40,990
Broadcom,
Inc.
......................
6,385
1,976,221
Credo
Technology
Group
Holding
Ltd.
(a)
......
195
18,305
First
Solar,
Inc.
(a)
.....................
269
53,063
Intel
Corp.
(a)
........................
7,374
325,415
Kioxia
Holdings
Corp.
(a)
.................
400
52,240
KLA
Corp.
..........................
170
250,310
Lam
Research
Corp.
..................
1,927
411,723
Marvell
Technology,
Inc.
................
1,558
154,320
Microchip
Technology,
Inc.
...............
158
10,208
Micron
Technology,
Inc.
.................
1,806
610,139
NVIDIA
Corp.
.......................
31,767
5,540,165
QUALCOMM,
Inc.
....................
2,404
309,587
SiTime
Corp.
(a)
.......................
62
21,412
Skyworks
Solutions,
Inc.
(b)
...............
1,741
93,230
STMicroelectronics
NV
.................
2,321
78,980
SUMCO
Corp.
.......................
1,600
17,678
Texas
Instruments,
Inc.
.................
1,329
258,012
Tokyo
Electron
Ltd.
...................
800
198,761
Tower
Semiconductor
Ltd.
(a)
..............
343
60,190
12,633,746
Software
—
4.0%
Adobe,
Inc.
(a)
........................
944
229,468
AppLovin
Corp.
,
Class
A
(a)
...............
172
68,456
Autodesk,
Inc.
(a)
......................
145
34,713
Check
Point
Software
Technologies
Ltd.
(a)
....
326
46,569
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
........
149
58,171
CyberArk
Software,
Inc.
(a)
...............
45
2,025
Dassault
Systemes
SE
.................
1,961
39,699
HubSpot,
Inc.
(a)
......................
62
15,134
Intuit,
Inc.
..........................
322
139,226
Microsoft
Corp.
......................
9,532
3,528,461
Oracle
Corp.
........................
1,858
273,330
Palantir
Technologies,
Inc.
,
Class
A
(a)
.......
2,763
404,172
Palo
Alto
Networks,
Inc.
(a)
...............
177
28,377
Rubrik,
Inc.
,
Class
A
(a)
..................
787
38,539
Salesforce,
Inc.
......................
1,321
246,591
SAP
SE
...........................
1,291
220,093
ServiceNow,
Inc.
(a)
....................
1,778
185,890
Teradata
Corp.
(a)
.....................
113
2,896
Unity
Software,
Inc.
(a)
..................
535
11,738
Zscaler,
Inc.
(a)
.......................
227
31,846
5,605,394
Specialized
REITs
—
0.0%
Digital
Realty
Trust,
Inc.
................
123
22,166
Millrose
Properties,
Inc.
,
Class
A
...........
184
5,152
27,318
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Specialty
Retail
—
0.5%
Carvana
Co.
,
Class
A
(a)
.................
70
$
22,007
Home
Depot,
Inc.
(The)
................
723
237,787
Industria
de
Diseno
Textil
SA
.............
670
39,000
Lithia
Motors,
Inc.
,
Class
A
..............
73
18,230
O'Reilly
Automotive,
Inc.
(a)
...............
236
21,785
TJX
Cos.,
Inc.
(The)
...................
1,710
273,087
Wayfair,
Inc.
,
Class
A
(a)
.................
262
19,705
631,601
Technology
Hardware,
Storage
&
Peripherals
—
3.8%
Apple,
Inc.
.........................
19,266
4,889,518
Dell
Technologies,
Inc.
,
Class
C
...........
553
90,764
FUJIFILM
Holdings
Corp.
...............
1,900
36,206
Hewlett
Packard
Enterprise
Co.
...........
1,069
25,453
Ricoh
Co.
Ltd.
.......................
1,500
12,680
Sandisk
Corp.
(a)
......................
208
132,151
Western
Digital
Corp.
..................
362
97,917
5,284,689
Textiles,
Apparel
&
Luxury
Goods
—
0.2%
Capri
Holdings
Ltd.
(a)
..................
1
18
Hermes
International
SCA
...............
21
39,781
LVMH
Moet
Hennessy
Louis
Vuitton
SE
......
343
187,501
227,300
Tobacco
—
0.7%
Altria
Group,
Inc.
.....................
4,695
309,823
British
American
Tobacco
plc
.............
727
42,209
Japan
Tobacco,
Inc.
...................
7,900
303,074
Philip
Morris
International,
Inc.
............
2,170
358,788
1,013,894
Trading
Companies
&
Distributors
—
0.2%
AerCap
Holdings
NV
..................
1,119
153,504
Air
Lease
Corp.
,
Class
A
................
125
8,118
ITOCHU
Corp.
......................
3,300
41,978
Mitsubishi
Corp.
......................
500
17,153
Mitsui
&
Co.
Ltd.
.....................
900
34,787
Sunbelt
Rentals
Holdings,
Inc.
............
1,345
85,799
341,339
Transportation
Infrastructure
—
0.0%
Aena
SME
SA
(c)
(d)
.....................
920
27,138
Water
Utilities
—
0.1%
Essential
Utilities,
Inc.
..................
364
14,658
Severn
Trent
plc
.....................
885
36,297
United
Utilities
Group
plc
................
2,354
41,045
92,000
Wireless
Telecommunication
Services
—
0.4%
KDDI
Corp.
.........................
10,800
183,889
SoftBank
Corp.
......................
90,100
120,565
SoftBank
Group
Corp.
.................
6,000
146,099
Tele2
AB
,
Class
B
....................
1,341
27,755
T-Mobile
US,
Inc.
.....................
609
127,908
606,216
Total
Common
Stocks
—
73
.1
%
(Cost:
$
93,813,015
)
...............................
102,793,340
Security
Par
(000)
Par
(000)
Value
Corporate
Bonds
Diversified
Telecommunication
Services
—
0.0%
AT&T,
Inc.,
7.13%,
12/15/31
............
USD
25
$
27,502
Total
Corporate
Bonds
—
0.0
%
(Cost:
$
27,742
)
.................................
27,502
Beneficial
Interest
(000)
Other
Interests
(e)
Capital
Markets
—
0.0%
Lehman
Brothers
Holdings,
Inc.
(a)
(f)
(g)
........
25
—
Total
Other
Interests
—
0.0
%
(Cost:
$
—
)
.....................................
—
Shares
Shares
Rights
Consumer
Staples
Distribution
&
Retail
—
0.0%
Walgreens
Boots
Alliance,
Inc.,
CVR
(a)
(g)
.....
986
523
Health
Care
Equipment
&
Supplies
—
0.0%
ABIOMED,
Inc.,
CVR
(a)
(g)
...............
105
243
Total
Rights
—
0.0
%
(Cost:
$
630
)
....................................
766
Total
Long-Term
Investments
—
73.1%
(Cost:
$
93,841,387
)
...............................
102,821,608
Short-Term
Securities
Money
Market
Funds
—
3.3%
(h)(i)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.77
%
(j)
....................
588,280
588,398
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
,
3.55
%
.....................
4,045,444
4,045,444
Total
Money
Market
Funds
—
3
.3
%
(Cost:
$
4,633,881
)
...............................
4,633,842
Par
(000)
Pa
r
(
000)
U.S.
Treasury
Obligations
—
1.0%
U.S.
Treasury
Bills
,  
3.65
%
,
07/21/26
(k)
......
1,467
1,450,815
Total
U.S.
Treasury
Obligations
—
1
.0
%
(Cost:
$
1,450,770
)
...............................
1,450,815
Total
Short-Term
Securities
—
4.3%
(Cost:
$
6,084,651
)
...............................
6,084,657
Total
Investments
—
77
.4
%
(Cost:
$
99,926,038
)
...............................
108,906,265
Other
Assets
Less
Liabilities
—
22.6
%
...................
31,799,497
Net
Assets
—
100.0%
...............................
$
140,705,762
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
Security
exempt
from
registration
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
investors.
(d)
This
security
may
be
resold
to
qualified
foreign
investors
and
foreign
institutional
buyers
under
Regulation
S
of
the
Securities
Act
of
1933.
(e)
Other
interests
represent
beneficial
interests
in
liquidation
trusts
and
other
reorganization
or
private
entities.
(f)
Issuer
filed
for
bankruptcy
and/or
is
in
default.
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
9
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
March
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
(g)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(h)
Affiliate
of
the
Fund.
(i)
Annualized
7-day
yield
as
of
period
end.
(j)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
(k)
Rates
are
discount
rates
or
a
range
of
discount
rates
as
of
period
end.
Affiliated
Issuer
Value
at
12/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
03/31/26
Shares
Held
at
03/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
275,125
$
313,616
(a)
$
—
$
(
304
)
$
(
39
)
$
588,398
588,280
$
993
(b)
$
—
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
.
5,671,828
—
(
1,626,384
)
(a)
—
—
4,045,444
4,045,444
34,219
—
$
(
304
)
$
(
39
)
$
4,633,842
$
35,212
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
For
purposes
of
this
report,
industry
and
sector
sub-classifications
may
differ
from
those
utilized
by
the
Fund
for
compliance
purposes.
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
10
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
IBEX
35
Index
............................................................
4
04/17/26
$
794
$
16,771
IFSC
NIFTY
50
Index
.......................................................
14
04/28/26
637
(
18,202
)
Euro-OAT
...............................................................
133
06/08/26
18,246
(
47,819
)
TOPIX
Index
.............................................................
48
06/11/26
10,935
175,037
Australia
10-Year
Bond
......................................................
705
06/15/26
52,413
(
255,046
)
FTSE/JSE
Top
40
Index
.....................................................
82
06/18/26
5,180
(
154,877
)
S&P
500
E-Mini
Index
.......................................................
18
06/18/26
5,914
(
135,584
)
S&P/TSX
60
Index
.........................................................
7
06/18/26
1,920
5,132
DAX
Index
..............................................................
2
06/19/26
1,320
3,597
EURO
STOXX
50
Index
.....................................................
10
06/19/26
635
(
23,086
)
FTSE
100
Index
...........................................................
76
06/19/26
10,300
(
44,134
)
FTSE/MIB
Index
...........................................................
31
06/19/26
7,807
13,830
MSCI
EAFE
Index
.........................................................
19
06/19/26
2,756
10,670
SET50
Index
.............................................................
304
06/29/26
1,794
38,593
U.S.
Treasury
2-Year
Note
....................................................
2
06/30/26
415
576
U.S.
Treasury
5-Year
Note
....................................................
3
06/30/26
325
2,153
(
412,389
)
Short
Contracts
CAC
40
Index
............................................................
109
04/17/26
9,974
(
22,097
)
OMX
Stockholm
30
Index
....................................................
555
04/17/26
17,358
159,445
SGX
MSCI
Singapore
Index
...................................................
135
04/29/26
4,605
5,946
Euro-BTP
...............................................................
130
06/08/26
17,472
555,697
Euro-Bund
..............................................................
181
06/08/26
26,233
310,237
Euro-Buxl
...............................................................
36
06/08/26
4,588
3,676
Japan
10-Year
Bond
........................................................
28
06/15/26
22,990
262,457
Nasdaq-100
E-Mini
Index
.....................................................
18
06/18/26
8,609
307,863
S&P
500
E-Mini
Index
.......................................................
27
06/18/26
8,871
(
11,031
)
SPI
200
Index
............................................................
130
06/18/26
19,089
283,592
U.S.
Treasury
10-Year
Note
...................................................
229
06/18/26
25,415
(
86
)
U.S.
Treasury
Ultra
Bond
.....................................................
157
06/18/26
18,261
608,992
Canada
10-Year
Bond
.......................................................
458
06/19/26
39,512
278,812
EURO
STOXX
50
Index
.....................................................
26
06/19/26
1,651
59,903
Mini-DAX
Index
...........................................................
4
06/19/26
528
14,203
MSCI
EAFE
Index
.........................................................
180
06/19/26
26,110
(
121,823
)
WIG20
Index
.............................................................
16
06/19/26
286
(
3,576
)
Long
Gilt
................................................................
121
06/26/26
14,060
(
18,457
)
2,673,753
$
2,261,364
Forward
Foreign
Currency
Exchange
Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation  
(Depreciation)
AUD
834,000
USD
569,427
JPMorgan
Chase
Bank
NA
06/17/26
$
5,342
BRL
6,888,000
USD
1,290,532
BNP
Paribas
SA
06/17/26
16,781
EUR
522,000
USD
600,241
Bank
of
America
NA
06/17/26
5,235
EUR
628,000
USD
725,843
JPMorgan
Chase
Bank
NA
06/17/26
2,585
EUR
1,353,000
USD
1,563,836
Morgan
Stanley
&
Co.
International
plc
06/17/26
5,531
EUR
291,000
USD
336,572
UBS
AG
06/17/26
964
GBP
1,435,500
USD
1,891,476
Barclays
Bank
plc
06/17/26
8,114
GBP
699,000
USD
924,816
JPMorgan
Chase
Bank
NA
06/17/26
167
SEK
5,127,500
USD
541,389
Goldman
Sachs
International
06/17/26
2,353
SEK
8,492,500
USD
891,952
Morgan
Stanley
&
Co.
International
plc
06/17/26
8,629
USD
2,993,396
AUD
4,259,679
Bank
of
America
NA
06/17/26
57,747
USD
1,722,457
AUD
2,440,000
Goldman
Sachs
International
06/17/26
40,879
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
11
Forward
Foreign
Currency
Exchange
Contracts
(continued)
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation  
(Depreciation)
USD
2,965,888
AUD
4,238,056
HSBC
Bank
plc
06/17/26
$
45,141
USD
530,391
AUD
755,000
UBS
AG
06/17/26
10,067
USD
871,428
CAD
1,186,000
BNP
Paribas
SA
06/17/26
16,007
USD
534,369
CAD
725,000
Morgan
Stanley
&
Co.
International
plc
06/17/26
11,451
USD
149,049
CHF
115,000
Toronto
Dominion
Bank
06/17/26
4,012
USD
1,006,662
CLP
923,763,000
BNP
Paribas
SA
06/17/26
8,686
USD
2,515,186
EUR
2,154,000
JPMorgan
Chase
Bank
NA
06/17/26
16,726
USD
866,284
GBP
648,000
BNP
Paribas
SA
06/17/26
8,789
USD
3,674,622
GBP
2,748,500
Citibank
NA
06/17/26
37,548
USD
536,122
GBP
401,000
HSBC
Bank
plc
06/17/26
5,481
USD
1,273,856
GBP
948,000
UBS
AG
06/17/26
19,373
USD
8,410
INR
782,000
Goldman
Sachs
International
06/17/26
170
USD
3,451,405
JPY
537,068,000
Toronto
Dominion
Bank
06/17/26
45,456
USD
1,725,016
KRW
2,515,246,000
BNP
Paribas
SA
06/17/26
49,299
USD
681,662
KRW
1,009,589,000
Citibank
NA
06/17/26
9,050
USD
571,973
KRW
852,240,000
Goldman
Sachs
International
06/17/26
4,189
USD
645,284
MXN
11,434,000
HSBC
Bank
plc
06/17/26
11,580
USD
5,952
NZD
10,000
HSBC
Bank
plc
06/17/26
190
USD
55,999
PLN
205,000
Nomura
International
plc
06/17/26
791
USD
705,417
SEK
6,586,000
JPMorgan
Chase
Bank
NA
06/17/26
7,009
USD
1,757,936
SEK
16,136,000
Morgan
Stanley
&
Co.
International
plc
06/17/26
46,805
USD
97,975
SGD
124,000
Goldman
Sachs
International
06/17/26
1,009
USD
2,819,280
THB
88,588,000
Morgan
Stanley
&
Co.
International
plc
06/17/26
116,319
USD
1,880,623
ZAR
31,231,000
Morgan
Stanley
&
Co.
International
plc
06/17/26
45,683
675,158
AUD
13,890,064
USD
9,805,344
Goldman
Sachs
International
06/17/26
(
232,708
)
CAD
8,709,616
USD
6,399,495
BNP
Paribas
SA
06/17/26
(
117,548
)
CHF
101,000
USD
130,878
Barclays
Bank
plc
06/17/26
(
3,498
)
CHF
159,000
USD
207,175
Natwest
Markets
plc
06/17/26
(
6,646
)
CLP
954,362,000
USD
1,065,885
BNP
Paribas
SA
06/17/26
(
34,852
)
CLP
862,473,000
USD
943,165
JPMorgan
Chase
Bank
NA
06/17/26
(
11,403
)
EUR
177,000
USD
205,962
HSBC
Bank
plc
06/17/26
(
657
)
EUR
367,000
USD
429,206
JPMorgan
Chase
Bank
NA
06/17/26
(
3,517
)
GBP
579,000
USD
773,162
Barclays
Bank
plc
06/17/26
(
6,975
)
GBP
171,000
USD
226,490
Morgan
Stanley
&
Co.
International
plc
06/17/26
(
207
)
GBP
594,000
USD
790,643
UBS
AG
06/17/26
(
4,606
)
JPY
154,327,000
USD
987,426
JPMorgan
Chase
Bank
NA
06/17/26
(
8,723
)
JPY
3,838,170,142
USD
24,663,874
Toronto
Dominion
Bank
06/17/26
(
323,170
)
KRW
2,527,358,500
USD
1,706,753
BNP
Paribas
SA
06/17/26
(
22,966
)
KRW
941,975,000
USD
636,921
Citibank
NA
06/17/26
(
9,355
)
KRW
933,439,000
USD
627,758
HSBC
Bank
plc
06/17/26
(
5,879
)
KRW
1,385,296,800
USD
946,191
Morgan
Stanley
&
Co.
International
plc
06/17/26
(
23,273
)
MXN
6,219,000
USD
350,793
Goldman
Sachs
International
06/17/26
(
6,119
)
NOK
1,187,000
USD
123,048
Barclays
Bank
plc
06/17/26
(
540
)
SEK
6,230,000
USD
684,109
Natwest
Markets
plc
06/17/26
(
23,453
)
SGD
128,000
USD
101,113
Citibank
NA
06/17/26
(
1,019
)
USD
1,654,759
BRL
8,832,000
BNP
Paribas
SA
06/17/26
(
21,515
)
USD
1,522,520
EUR
1,318,000
HSBC
Bank
plc
06/17/26
(
6,250
)
USD
234,067
JPY
37,111,000
Morgan
Stanley
&
Co.
International
plc
06/17/26
(
1,282
)
(
876,161
)
$
(
201,003
)
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
12
Centrally
Cleared
Credit
Defa
ul
t
Swaps
—
Sell
Protection
Reference
Obligation/Index
Financing
Rate
Received
by
the
Fund
Payment
Frequency
Termination
Date
Credit
Rating
(a)
Notional
Amount
(000)
(b)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Markit
CDX
North
American
High
Yield
Index
Series
46.V1
...........
5
.00
%
Quarterly
06/20/31
B+
USD
13,202
$
652,585
$
528,658
$
123,927
Markit
CDX
North
American
Investment
Grade
Index
Series
46.V1
.......
1
.00
Quarterly
06/20/31
BBB+
USD
49,698
872,063
843,338
28,725
$
1,524,648
$
1,371,996
$
152,652
(a)
Using
the
rating
of
the
issuer
or
the
underlying
securities
of
the
index,
as
applicable,
provided
by
S&P
Global
Ratings.
(b)
The
maximum
potential
amount
the
Fund
may
pay
should
a
negative
credit
event
take
place
as
defined
under
the
terms
of
the
agreement.
Centrally
Cleared
Interest
Rate
Swap
s
Paid
by
the
Fund
Received
by
the
Fund
Rate
Frequency
Rate
Frequency
Effective
Date
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1-day
THOR
Quarterly
1.98%
Quarterly
N/A
09/21/27
THB
137,500
$
44,778
$
—
$
44,778
1-day
THOR
Quarterly
2.00%
Quarterly
N/A
09/21/27
THB
137,500
46,304
—
46,304
1-day
THOR
Quarterly
2.02%
Quarterly
N/A
09/21/27
THB
93,500
32,296
—
32,296
1-day
THOR
Quarterly
2.04%
Quarterly
N/A
09/21/27
THB
93,500
33,023
—
33,023
2.04%
Quarterly
1-day
THOR
Quarterly
N/A
09/21/27
THB
93,500
(
33,024
)
9,837
(
42,861
)
1.98%
Quarterly
1-day
THOR
Quarterly
N/A
09/21/27
THB
137,500
(
44,778
)
17,274
(
62,052
)
2.02%
Quarterly
1-day
THOR
Quarterly
N/A
09/21/27
THB
93,500
(
32,297
)
10,377
(
42,674
)
2.00%
Quarterly
1-day
THOR
Quarterly
N/A
09/21/27
THB
137,500
(
46,304
)
16,143
(
62,447
)
1-day
BZDIOVER
At
Termination
12.82%
At
Termination
N/A
01/02/29
BRL
13,000
(
53,849
)
—
(
53,849
)
1-day
BZDIOVER
At
Termination
12.91%
At
Termination
N/A
01/02/29
BRL
10,000
(
36,446
)
—
(
36,446
)
1-day
BZDIOVER
At
Termination
13.10%
At
Termination
N/A
01/02/29
BRL
7,000
(
19,153
)
—
(
19,153
)
1-day
BZDIOVER
At
Termination
13.25%
At
Termination
N/A
01/02/29
BRL
11,000
(
22,446
)
—
(
22,446
)
1-day
BZDIOVER
At
Termination
13.25%
At
Termination
N/A
01/02/29
BRL
23,000
(
46,430
)
—
(
46,430
)
1-day
BZDIOVER
At
Termination
13.42%
At
Termination
N/A
01/02/29
BRL
3,000
(
3,415
)
—
(
3,415
)
1-day
BZDIOVER
At
Termination
13.83%
At
Termination
N/A
01/02/29
BRL
1,000
—
—
—
1-day
TIIEOIS
Monthly
8.11%
Monthly
09/17/26
(a)
09/11/31
MXN
52,000
(
25,241
)
—
(
25,241
)
1-day
TIIEOIS
Monthly
8.32%
Monthly
09/17/26
(a)
09/11/31
MXN
20,747
(
340
)
—
(
340
)
1-day
TIIEOIS
Monthly
8.32%
Monthly
09/17/26
(a)
09/11/31
MXN
83,000
(
989
)
—
(
989
)
1-day
TIIEOIS
Monthly
8.35%
Monthly
09/17/26
(a)
09/11/31
MXN
20,747
1,050
—
1,050
1-day
TIIEOIS
Monthly
8.37%
Monthly
09/17/26
(a)
09/11/31
MXN
41,507
3,955
—
3,955
1-day
TIIEOIS
Monthly
8.37%
Monthly
09/17/26
(a)
09/11/31
MXN
67,000
6,953
—
6,953
1-day
TIIEOIS
Monthly
8.39%
Monthly
09/17/26
(a)
09/11/31
MXN
57,000
7,341
—
7,341
1-day
TIIEOIS
Monthly
8.44%
Monthly
09/17/26
(a)
09/11/31
MXN
40,000
10,065
—
10,065
1-week
CNREPOFIX_
CFXS
Quarterly
1.55%
Quarterly
09/16/26
(a)
09/16/31
CNY
107,011
(
57,898
)
—
(
57,898
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.56%
Quarterly
09/16/26
(a)
09/16/31
CNY
48,000
(
21,823
)
—
(
21,823
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.60%
Quarterly
09/16/26
(a)
09/16/31
CNY
9,000
(
1,728
)
—
(
1,728
)
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
13
Centrally
Cleared
Interest
Rate
Swaps
(continued)
Paid
by
the
Fund
Received
by
the
Fund
Rate
Frequency
Rate
Frequency
Effective
Date
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1-week
CNREPOFIX_
CFXS
Quarterly
1.60%
Quarterly
09/16/26
(a)
09/16/31
CNY
15,000
$
(
2,621
)
$
—
$
(
2,621
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.62%
Quarterly
09/16/26
(a)
09/16/31
CNY
31,000
(
1,346
)
—
(
1,346
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.62%
Quarterly
09/16/26
(a)
09/16/31
CNY
28,000
(
2,377
)
—
(
2,377
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.62%
Quarterly
09/16/26
(a)
09/16/31
CNY
43,000
(
3,353
)
—
(
3,353
)
1-week
CNREPOFIX_
CFXS
Quarterly
1.64%
Quarterly
09/16/26
(a)
09/16/31
CNY
12,000
1,262
—
1,262
1-week
CNREPOFIX_
CFXS
Quarterly
1.65%
Quarterly
09/16/26
(a)
09/16/31
CNY
74,000
9,062
—
9,062
1-day
SORA
Semi-Annual
1.87%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
2,000
(
18,230
)
—
(
18,230
)
1-day
SORA
Semi-Annual
1.95%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
1,000
(
6,180
)
—
(
6,180
)
1-day
SORA
Semi-Annual
1.98%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
870
(
4,512
)
—
(
4,512
)
1-day
SORA
Semi-Annual
2.02%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
1,130
(
4,290
)
—
(
4,290
)
1-day
SORA
Semi-Annual
2.16%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
3,000
—
—
—
1-day
SORA
Semi-Annual
2.25%
Semi-Annual
09/16/26
(a)
09/16/31
SGD
1,000
4,717
—
4,717
3-mo.
TWCPBA
Quarterly
2.26%
Quarterly
09/16/26
(a)
09/16/31
TWD
428,000
(
72,734
)
—
(
72,734
)
1-day
REPO_CORRA
Semi-Annual
2.79%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
2,000
(
12,627
)
(
13,244
)
617
1-day
REPO_CORRA
Semi-Annual
2.79%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
1,000
(
6,346
)
(
7,513
)
1,167
1-day
REPO_CORRA
Semi-Annual
2.80%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
3,000
(
18,646
)
(
17,212
)
(
1,434
)
1-day
REPO_CORRA
Semi-Annual
3.01%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
13,000
12,804
—
12,804
1-day
REPO_CORRA
Semi-Annual
3.01%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
5,000
4,103
(
16,531
)
20,634
1-day
REPO_CORRA
Semi-Annual
3.15%
Semi-Annual
09/16/26
(a)
09/16/31
CAD
2,000
10,649
3,400
7,249
1-day
SHIRON
Annual
3.41%
Annual
09/16/26
(a)
09/16/31
ILS
14,000
(
87,709
)
—
(
87,709
)
3-mo.
CD_KSDA
Quarterly
3.52%
Quarterly
09/16/26
(a)
09/16/31
KRW
4,308,414
(
41,435
)
—
(
41,435
)
3-mo.
CD_KSDA
Quarterly
3.52%
Quarterly
09/16/26
(a)
09/16/31
KRW
35,329,350
(
345,002
)
—
(
345,002
)
3-mo.
CD_KSDA
Quarterly
3.56%
Quarterly
09/16/26
(a)
09/16/31
KRW
3,538,586
(
30,468
)
—
(
30,468
)
3-mo.
CD_KSDA
Quarterly
3.84%
Quarterly
09/16/26
(a)
09/16/31
KRW
2,529,000
(
428
)
—
(
428
)
3-mo.
CD_KSDA
Quarterly
3.86%
Quarterly
09/16/26
(a)
09/16/31
KRW
4,337,000
1,193
—
1,193
6-mo.
PRIBOR
Semi-Annual
4.26%
Annual
09/16/26
(a)
09/16/31
CZK
34,000
(
15,087
)
(
3,889
)
(
11,198
)
6-mo.
PRIBOR
Semi-Annual
4.54%
Annual
09/16/26
(a)
09/16/31
CZK
22,000
3,278
—
3,278
6-mo.
BBR
Semi-Annual
4.91%
Semi-Annual
09/16/26
(a)
09/16/31
AUD
3,552
(
714
)
—
(
714
)
6-mo.
BBR
Semi-Annual
4.92%
Semi-Annual
09/16/26
(a)
09/16/31
AUD
2,368
56
—
56
6-mo.
BBR
Semi-Annual
4.92%
Semi-Annual
09/16/26
(a)
09/16/31
AUD
1,000
98
—
98
6-mo.
BBR
Semi-Annual
5.00%
Semi-Annual
09/16/26
(a)
09/16/31
AUD
2,080
5,345
—
5,345
6-mo.
BBR
Semi-Annual
5.18%
Semi-Annual
09/16/26
(a)
09/16/31
AUD
1,000
7,827
—
7,827
1-day
MIBOR
Semi-Annual
6.56%
Semi-Annual
09/16/26
(a)
09/16/31
INR
1,455,955
(
220,756
)
—
(
220,756
)
3.55%
Annual
1-day
SHIRON
Annual
09/16/26
(a)
09/16/31
ILS
2,000
8,674
—
8,674
3.48%
Annual
1-day
SOFR
Annual
09/16/26
(a)
09/16/31
USD
2,000
14,166
8,448
5,718
3.44%
Annual
1-day
SOFR
Annual
09/16/26
(a)
09/16/31
USD
2,000
18,199
548
17,651
3.47%
Annual
1-day
SOFR
Annual
09/16/26
(a)
09/16/31
USD
1,000
7,522
—
7,522
3.43%
Annual
1-day
SOFR
Annual
09/16/26
(a)
09/16/31
USD
3,000
28,778
6,648
22,130
3.87%
Annual
1-day
SONIA
Annual
09/16/26
(a)
09/16/31
GBP
7,000
146,828
5,476
141,352
4.23%
Annual
1-day
SONIA
Annual
09/16/26
(a)
09/16/31
GBP
4,000
2,246
(
701
)
2,947
1.94%
Quarterly
1-day
THOR
Quarterly
09/16/26
(a)
09/16/31
THB
28,000
(
4,282
)
—
(
4,282
)
1.86%
Quarterly
1-day
THOR
Quarterly
09/16/26
(a)
09/16/31
THB
26,000
(
851
)
—
(
851
)
1.85%
Quarterly
1-day
THOR
Quarterly
09/16/26
(a)
09/16/31
THB
25,000
(
692
)
—
(
692
)
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
14
Centrally
Cleared
Interest
Rate
Swaps
(continued)
Paid
by
the
Fund
Received
by
the
Fund
Rate
Frequency
Rate
Frequency
Effective
Date
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1.80%
Quarterly
1-day
THOR
Quarterly
09/16/26
(a)
09/16/31
THB
73,000
$
3,845
$
—
$
3,845
1.85%
Quarterly
1-day
THOR
Quarterly
09/16/26
(a)
09/16/31
THB
41,000
—
—
—
2.66%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
2,000
2,726
—
2,726
2.71%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
59,281
64,500
—
64,500
2.91%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
6,000
—
—
—
2.69%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
6,000
7,278
—
7,278
2.67%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
4,000
5,211
—
5,211
2.70%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
6,000
6,918
—
6,918
2.97%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
2,000
(
990
)
—
(
990
)
2.95%
Quarterly
3-mo.
HIBOR
Quarterly
09/16/26
(a)
09/16/31
HKD
10,000
(
3,901
)
—
(
3,901
)
7.77%
Quarterly
3-mo.
JIBAR
Quarterly
09/16/26
(a)
09/16/31
ZAR
3,000
539
—
539
7.39%
Quarterly
3-mo.
JIBAR
Quarterly
09/16/26
(a)
09/16/31
ZAR
14,307
15,591
—
15,591
3.04%
Annual
3-mo.
STIBOR
Quarterly
09/16/26
(a)
09/16/31
SEK
10,000
(
4,736
)
(
35
)
(
4,701
)
2.98%
Annual
3-mo.
STIBOR
Quarterly
09/16/26
(a)
09/16/31
SEK
35,000
1,047
1,047
—
2.88%
Annual
3-mo.
STIBOR
Quarterly
09/16/26
(a)
09/16/31
SEK
10,000
2,932
2,491
441
3.09%
Annual
3-mo.
STIBOR
Quarterly
09/16/26
(a)
09/16/31
SEK
7,000
(
4,815
)
370
(
5,185
)
2.96%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
2,000
1,869
1,869
—
2.72%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
5,000
58,235
3,354
54,881
2.88%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
6,000
19,019
5,763
13,256
2.78%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
6,000
49,337
617
48,720
2.69%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
1,000
13,174
331
12,843
2.86%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
4,000
16,337
(
1,789
)
18,126
3.05%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
1,000
(
5,846
)
312
(
6,158
)
3.02%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
1,000
(
4,620
)
(
225
)
(
4,395
)
2.79%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
7,000
55,225
11,675
43,550
2.81%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
16,000
104,227
(
1,340
)
105,567
2.54%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
48,000
1,015,422
369,989
645,433
2.73%
Annual
6-mo.
EURIBOR
Semi-Annual
09/16/26
(a)
09/16/31
EUR
9,000
100,780
2,502
98,278
4.58%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
450
459
—
459
4.71%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
4,000
—
—
—
4.69%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
2,500
(
362
)
—
(
362
)
4.77%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
1,000
(
1,067
)
—
(
1,067
)
4.73%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
4,000
—
—
—
4.67%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
2,500
70
—
70
4.68%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
275
(
8
)
—
(
8
)
4.63%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
275
142
—
142
4.68%
Annual
6-mo.
WIBOR
Semi-Annual
09/16/26
(a)
09/16/31
PLN
3,000
(
262
)
—
(
262
)
1-day
TONAR
Annual
2.89%
Annual
06/17/26
(a)
06/17/56
JPY
136,030
(
27,070
)
—
(
27,070
)
1-day
TONAR
Annual
2.89%
Annual
06/17/26
(a)
06/17/56
JPY
136,030
(
26,864
)
—
(
26,864
)
$
590,067
$
415,992
$
174,075
(a)
Forward
swap.
OTC
Total
Return
Swap
s
-
Future
Reference
Entity
Fixed
Amount
Paid
/
(Received)
by
the
Fund
(a)
Counterparty
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
BOVESPA
Index
Futures
April
2026
................
BRL
(
2,722,716
)
Merrill
Lynch
International
&
Co.
04/15/26
BRL
2,723
$
15,743
$
—
$
15,743
BOVESPA
Index
Futures
April
2026
................
BRL
(
2,249,051
)
Merrill
Lynch
International
&
Co.
04/15/26
BRL
2,249
(
2,859
)
—
(
2,859
)
BOVESPA
Index
Futures
April
2026
................
BRL
(
3,636,774
)
Merrill
Lynch
International
&
Co.
04/15/26
BRL
3,637
(
26,319
)
—
(
26,319
)
BOVESPA
Index
Futures
April
2026
................
BRL
(
6,595,485
)
Merrill
Lynch
International
&
Co.
04/15/26
BRL
6,595
(
37,857
)
—
(
37,857
)
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
15
OTC
Total
Return
Swaps
-
Future
(continued)
Reference
Entity
Fixed
Amount
Paid
/
(Received)
by
the
Fund
(a)
Counterparty
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
BOVESPA
Index
Futures
April
2026
................
BRL
(
43,735,499
)
Merrill
Lynch
International
&
Co.
04/15/26
BRL
43,735
$
212,259
$
—
$
212,259
Taiwan
Capitalization
Weighted
Stock
Index
Futures
April
2026
................
TWD
26,979,022
Merrill
Lynch
International
&
Co.
04/15/26
TWD
26,979
(
44,286
)
—
(
44,286
)
Taiwan
Capitalization
Weighted
Stock
Index
Futures
April
2026
................
TWD
45,954,279
Merrill
Lynch
International
&
Co.
04/15/26
TWD
45,954
(
38,119
)
—
(
38,119
)
Taiwan
Capitalization
Weighted
Stock
Index
Futures
April
2026
................
TWD
20,364,550
Merrill
Lynch
International
&
Co.
04/15/26
TWD
20,365
(
37,290
)
—
(
37,290
)
Taiwan
Capitalization
Weighted
Stock
Index
Futures
April
2026
................
TWD
73,397,406
Merrill
Lynch
International
&
Co.
04/15/26
TWD
73,397
(
96,922
)
—
(
96,922
)
KOSPI
200
Index
Futures
June
2026
................
KRW
5,380,933,350
Merrill
Lynch
International
&
Co.
06/11/26
KRW
5,380,933
(
333,503
)
—
(
333,503
)
Mexican
Bolsa
Index
Futures
June
2026
............
MXN
(
5,790,580
)
Merrill
Lynch
International
&
Co.
06/19/26
MXN
5,791
(
21,468
)
—
(
21,468
)
Mexican
Bolsa
Index
Futures
June
2026
............
MXN
(
9,750,177
)
Merrill
Lynch
International
&
Co.
06/19/26
MXN
9,750
(
30,245
)
—
(
30,245
)
Mexican
Bolsa
Index
Futures
June
2026
............
MXN
(
15,940,413
)
Merrill
Lynch
International
&
Co.
06/19/26
MXN
15,940
(
29,414
)
—
(
29,414
)
Swiss
Market
Index
Futures
June
2026
................
CHF
(
621,560
)
HSBC
Bank
plc
06/19/26
CHF
622
(
15,057
)
—
(
15,057
)
Swiss
Market
Index
Futures
June
2026
................
CHF
(
883,120
)
HSBC
Bank
plc
06/19/26
CHF
883
(
4,902
)
—
(
4,902
)
Swiss
Market
Index
Futures
June
2026
................
CHF
(
989,507
)
HSBC
Bank
plc
06/19/26
CHF
990
(
30,332
)
—
(
30,332
)
Swiss
Market
Index
Futures
June
2026
................
CHF
(
504,413
)
HSBC
Bank
plc
06/19/26
CHF
504
(
3,085
)
—
(
3,085
)
Swiss
Market
Index
Futures
June
2026
................
CHF
(
378,513
)
Morgan
Stanley
&
Co.
International
plc
06/19/26
CHF
379
(
2,059
)
—
(
2,059
)
$
(
525,715
)
$
—
$
(
525,715
)
(a)
At
termination,
the
fixed
amount
paid
(received)
will
be
exchanged
for
the
total
return
of
the
reference
entity.
OTC
Total
Return
Swaps
Paid
by
the
Fund
Received
by
the
Fund
Rate/Reference
Frequency
Rate/Reference
Frequency
Counterparty
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
MSCI
Chile
Net
Return
Index
..........
Quarterly
1-day
SOFR
Quarterly
Merrill
Lynch
International
&
Co.
08/28/26
USD
360
$
(
8,203
)
$
—
$
(
8,203
)
MSCI
Chile
Net
Return
Index
..........
Quarterly
1-day
SOFR
plus
0.20%
Quarterly
BNP
Paribas
SA
08/28/26
USD
578
(
14,853
)
—
(
14,853
)
MSCI
Chile
Net
Return
Index
..........
Quarterly
1-day
SOFR
plus
0.25%
Quarterly
HSBC
Bank
plc
08/28/26
USD
37
2,914
—
2,914
S&P
500
Total
Return
Index
..........
Quarterly
1-day
SOFR
plus
0.51%
Quarterly
Merrill
Lynch
International
&
Co.
08/31/26
USD
52,179
2,877,569
—
2,877,569
$
2,857,427
$
—
$
2,857,427
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
16
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to the
entire
fair
value
measurement
for
the asset
or
liability (including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds
that
may
not
have
a
secondary
market
and/
or may
have
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund's
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above.
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
BZDIOVER
.....................................
Overnight
Brazil
CETIP
—
Interbank
Rate
0
.05
%
1-day
MIBOR
........................................
Mumbai
Interbank
Offered
Rate
6
.98
1-day
REPO_CORRA
...................................
Canadian
Overnight
Repo
Rate
2
.27
1-day
SHIRON
.......................................
Shekel
Overnight
Risk
Free
Rate
4
.00
1-day
SOFR
.........................................
Secured
Overnight
Financing
Rate
3
.65
1-day
SONIA
.........................................
Sterling
Overnight
Index
Average
3
.73
1-day
SORA
.........................................
Singapore
Overnight
Rate
Average
1
.00
1-day
THOR
.........................................
Thailand
Overnight
Repo
Rate
ON
0
.99
1-day
TIIEOIS
........................................
Mexico
Interbank
TIIE
1-day
6
.94
1-day
TONAR
........................................
Tokyo
Overnight
Average
Rate
0
.73
1-week
CNREPOFIX_CFXS
..............................
China
Fixing
Repo
Rates
1
.49
3-mo.
CD_KSDA
......................................
Certificates
of
Deposit
by
the
Korean
Securities
Dealers
Association
2
.82
3-mo.
HIBOR
........................................
Hong
Kong
Interbank
Offered
Rate
2
.36
3-mo.
JIBAR
.........................................
Johannesburg
Interbank
Average
Rate
6
.75
3-mo.
STIBOR
.......................................
Stockholm
Interbank
Offered
Rate
2
.19
3-mo.
TWCPBA
.......................................
Taiwan
Secondary
Markets
Bills
Rate
1
.68
6-mo.
BBR
..........................................
Australian
Bank
Bill
Rate
4
.78
6-mo.
EURIBOR
......................................
Euro
Interbank
Offered
Rate
2
.48
6-mo.
PRIBOR
.......................................
Prague
Interbank
Offered
Rate
3
.62
6-mo.
WIBOR
........................................
Warsaw
Interbank
Offered
Rate
3
.79
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
Aerospace
&
Defense
....................................
$
2,291,114
$
1,004,413
$
—
$
3,295,527
Air
Freight
&
Logistics
....................................
458,081
136,933
—
595,014
Automobile
Components
..................................
39,561
109,719
—
149,280
Automobiles
..........................................
1,192,059
78,992
—
1,271,051
Banks
...............................................
3,815,738
3,856,683
—
7,672,421
Beverages
...........................................
905,988
88,280
—
994,268
Biotechnology
.........................................
1,562,126
63,080
—
1,625,206
Broadline
Retail
........................................
3,002,198
48,951
—
3,051,149
Building
Products
.......................................
28,338
31,731
—
60,069
Capital
Markets
........................................
1,878,473
1,329,849
—
3,208,322
Chemicals
............................................
2,036,705
317,022
—
2,353,727
Commercial
Services
&
Supplies
.............................
640,065
27,609
—
667,674
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
17
Level
1
Level
2
Level
3
Total
Communications
Equipment
................................
$
1,236,667
$
14,480
$
—
$
1,251,147
Construction
&
Engineering
................................
704,828
562,191
—
1,267,019
Construction
Materials
....................................
225,966
116,317
—
342,283
Consumer
Finance
......................................
467,581
83,647
—
551,228
Consumer
Staples
Distribution
&
Retail
........................
1,805,731
56,191
—
1,861,922
Containers
&
Packaging
..................................
228,851
—
—
228,851
Diversified
Consumer
Services
..............................
52,367
—
—
52,367
Diversified
REITs
.......................................
—
14,376
—
14,376
Diversified
Telecommunication
Services
........................
867,778
315,300
—
1,183,078
Electric
Utilities
........................................
1,132,314
431,072
—
1,563,386
Electrical
Equipment
.....................................
1,710,262
1,117,280
—
2,827,542
Electronic
Equipment,
Instruments
&
Components
.................
1,043,783
292,352
—
1,336,135
Energy
Equipment
&
Services
..............................
610,666
—
—
610,666
Entertainment
.........................................
1,529,973
74,211
—
1,604,184
Financial
Services
......................................
2,243,929
46,827
—
2,290,756
Food
Products
.........................................
383,125
626,791
—
1,009,916
Gas
Utilities
...........................................
36,473
37,074
—
73,547
Ground
Transportation
...................................
755,487
—
—
755,487
Health
Care
Equipment
&
Supplies
...........................
526,209
144,476
—
670,685
Health
Care
Providers
&
Services
............................
1,314,325
—
—
1,314,325
Health
Care
Technology
..................................
29,327
—
—
29,327
Hotels,
Restaurants
&
Leisure
..............................
1,741,661
291,365
—
2,033,026
Household
Durables
.....................................
227,398
793,718
—
1,021,116
Household
Products
.....................................
471,407
90,842
—
562,249
Independent
Power
and
Renewable
Electricity
Producers
............
85,960
118,882
—
204,842
Industrial
Conglomerates
..................................
1,157,109
464,993
—
1,622,102
Industrial
REITs
........................................
—
32,781
—
32,781
Insurance
............................................
1,043,347
1,724,956
—
2,768,303
Interactive
Media
&
Services
...............................
6,409,179
53,768
—
6,462,947
IT
Services
...........................................
645,989
368,890
—
1,014,879
Leisure
Products
.......................................
70,219
—
—
70,219
Life
Sciences
Tools
&
Services
..............................
394,348
46,879
—
441,227
Machinery
............................................
1,104,234
337,199
—
1,441,433
Marine
Transportation
....................................
—
352,815
—
352,815
Media
...............................................
249,050
96,448
—
345,498
Metals
&
Mining
........................................
329,201
164,280
—
493,481
Multi-Utilities
..........................................
192,291
405,081
—
597,372
Office
REITs
..........................................
—
16,411
—
16,411
Oil,
Gas
&
Consumable
Fuels
...............................
2,120,500
1,494,525
—
3,615,025
Paper
&
Forest
Products
..................................
493,391
—
—
493,391
Passenger
Airlines
......................................
310,183
153,380
—
463,563
Personal
Care
Products
..................................
35,080
140,597
—
175,677
Pharmaceuticals
.......................................
2,619,613
1,505,643
—
4,125,256
Professional
Services
....................................
1,091,852
733,136
—
1,824,988
Real
Estate
Management
&
Development
.......................
20,515
321,654
—
342,169
Semiconductors
&
Semiconductor
Equipment
....................
11,349,681
1,284,065
—
12,633,746
Software
.............................................
5,343,577
261,817
—
5,605,394
Specialized
REITs
......................................
27,318
—
—
27,318
Specialty
Retail
........................................
592,601
39,000
—
631,601
Technology
Hardware,
Storage
&
Peripherals
....................
5,235,803
48,886
—
5,284,689
Textiles,
Apparel
&
Luxury
Goods
............................
18
227,282
—
227,300
Tobacco
.............................................
668,611
345,283
—
1,013,894
Trading
Companies
&
Distributors
............................
161,622
179,717
—
341,339
Transportation
Infrastructure
...............................
27,138
—
—
27,138
Water
Utilities
.........................................
14,658
77,342
—
92,000
Wireless
Telecommunication
Services
.........................
127,908
478,308
—
606,216
Corporate
Bonds
........................................
—
27,502
—
27,502
Other
Interests
..........................................
—
—
—
—
Rights
................................................
—
—
766
766
Short-Term
Securities
Money
Market
Funds
......................................
4,633,842
—
—
4,633,842
U.S.
Treasury
Obligations
...................................
—
1,450,815
—
1,450,815
$
83,751,392
$
25,154,107
$
766
$
108,906,265
Fair
Value
Hierarchy
as
of
Period
End
(continued)
Schedule
of
Investments
(unaudited)
(continued)
March
31,
2026
BlackRock
Managed
Volatility
V.I.
Fund
18
Level
1
Level
2
Level
3
Total
Derivative
Financial
Instruments
(a)
Assets
Credit
contracts
...........................................
$
—
$
152,652
$
—
$
152,652
Equity
contracts
...........................................
698,790
3,504,277
—
4,203,067
Foreign
currency
exchange
contracts
............................
—
675,158
—
675,158
Interest
rate
contracts
.......................................
2,022,600
1,615,442
—
3,638,042
Liabilities
Equity
contracts
...........................................
(
449,977
)
(
861,206
)
—
(
1,311,183
)
Foreign
currency
exchange
contracts
............................
—
(
876,161
)
—
(
876,161
)
Interest
rate
contracts
.......................................
(
321,408
)
(
1,441,367
)
—
(
1,762,775
)
$
1,950,005
$
2,768,795
$
—
$
4,718,800
(a)
Derivative
financial
instruments
are
swaps,
futures
contracts
and
forward
foreign
currency
exchange
contracts.
Swaps,
futures
contracts
and
forward
foreign
currency
exchange
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Currency
Abbreviation
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CLP
Chilean
Peso
CNY
Chinese
Yuan
CZK
Czech
Koruna
EUR
Euro
GBP
British
Pound
HKD
Hong
Kong
Dollar
ILS
Israeli
shekel
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PLN
Polish
Zloty
SEK
Swedish
Krona
SGD
Singapore
Dollar
THB
Thai
Baht
TWD
Taiwan
New
Dollar
USD
United
States
Dollar
ZAR
South
African
Rand
Portfolio
Abbreviation
ADR
American
Depositary
Receipts
BBR
Australian
Bank
Bill
Rate
BZDIOVER
Overnight
Brazil
CETIP
—
Interbank
Rate
CD_KSDA
Certificates
of
Deposit
by
the
Korean
Securities
Dealers
Association
CNREPOFIX_CFXS
China
Fixing
Repo
Rates
CVR
Contingent
Value
Rights
EURIBOR
Euro
Interbank
Offered
Rate
HIBOR
Hong
Kong
Interbank
Offered
Rate
JIBAR
Johannesburg
Interbank
Average
Rate
MIBOR
Mumbai
Interbank
Offered
Rate
MSCI
Morgan
Stanley
Capital
International
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
OMX
Stockholm
Nordic
Exchange
OTC
Over-the-counter
PRIBOR
Prague
Interbank
Offered
Rate
REIT
Real
Estate
Investment
Trust
REPO_CORRA
Canadian
Overnight
Repo
Rate
SCA
Svenska
Cellulosa
Aktiebolaget
SHIRON
Shekel
Overnight
Risk
Free
Rate
SONIA
Sterling
Overnight
Interbank
Average
Rate
SOFR
Secured
Overnight
Financing
Rate
SORA
Singapore
Overnight
Rate
Average
STIBOR
Stockholm
Interbank
Offered
Rate
TIIEOIS
Mexico
Interbank
TIIE
1-day
TONAR
Tokyo
Overnight
Average
Rate
THOR
Thailand
Overnight
Repo
Rate
ON
TWCPBA
Taiwan
Secondary
Markets
Bills
Rate
WIBOR
Warsaw
Interbank
Offered
Rate
Fair
Value
Hierarchy
as
of
Period
End
(continued)