BLACKROCK VARIABLE SERIES FUNDS, INC.
BlackRock International V.I. Fund
(the “Fund”)
Supplement dated July 19, 2023 to the Summary Prospectus and the
Prospectus of the Fund, each dated May 1, 2023, as supplemented to date
Effective August 31, 2023, the following changes are made to the Fund’s Summary Prospectus and Prospectus, as applicable:
The section of the Summary Prospectus entitled “Key Facts About BlackRock International V.I. Fund — Portfolio Managers” and the section of the Prospectus entitled “Fund Overview — Key Facts About BlackRock International V.I. Fund — Portfolio Managers” are deleted in their entirety and replaced with the following:
Portfolio Manager
| Name | Portfolio Manager of the Fund Since |
Title | ||
| Gareth Williams, CFA | 2011 | Director of BlackRock, Inc. |
The section of the Prospectus entitled “Details About the Fund — How the Fund Invests — About the Portfolio Management Team of the Fund” is deleted in its entirety and replaced with the following:
| ABOUT THE PORTFOLIO MANAGER OF THE FUND |
| Gareth Williams, CFA, is the portfolio manager and is primarily responsible for the day-to-day management of the Fund. Please see “Management of the Funds — Portfolio Manager Information” for additional information about the portfolio manager. |
The section of the Prospectus entitled “Management of the Funds — Portfolio Manager Information — BlackRock International V.I. Fund” is deleted in its entirety and replaced with the following:
| Portfolio Manager | Primary Role | Since | Title and Recent Biography | |||
| Gareth Williams, CFA | Primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. | 2011 | Director of BlackRock, Inc. since 2013; Vice President of BlackRock, Inc. from 2010 to 2012; Associate of BlackRock, Inc. from 2008 to 2009. |
Shareholders should retain this Supplement for future reference.