497K 1 d814696d497k.htm BLACKROCK GLOBAL ALLOCATION VI FUND BLACKROCK GLOBAL ALLOCATION VI FUND

BLACKROCK VARIABLE SERIES FUNDS, INC.

BlackRock Global Allocation V.I. Fund

(the “Fund”)

Supplement dated April 16, 2024 to the Summary Prospectus of the Fund, dated May 1, 2023,

as amended or supplemented to date

Effective immediately, the following changes are made to the Fund’s Summary Prospectus:

The section of the Summary Prospectus entitled “Key Facts About BlackRock Global Allocation V.I. Fund — Portfolio Managers” is deleted in its entirety and replaced with the following:

Portfolio Managers

 

Portfolio Manager   

Portfolio Manager of

the Fund Since

  Title
Rick Rieder    2019   Managing Director of BlackRock, Inc., BlackRock’s Chief Investment Officer of Global Fixed Income, Head of Global Allocation Investment Team, member of the Global Executive Committee, Global Operating Committee and Chairman of the BlackRock, Inc. firmwide Investment Council.
Russ Koesterich, CFA, JD    2017   Managing Director of BlackRock, Inc.
David Clayton, CFA, JD1    2017   Managing Director of BlackRock, Inc.

 

1 

Effective June 30, 2024, David Clayton, CFA, JD will retire from BlackRock, Inc. and will no longer serve as a portfolio manager of the Fund.

Shareholders should retain this Supplement for future reference.