Investment objective & strategy
As of April 22, 2025 · prospectusObjective. The investment objective of BlackRock Small Cap Index V.I. Fund (the Fund) is to seek to match the performance of the Russell 2000 Index (the Russell 2000 or the Underlying Index) as closely as possible before the deduction of Fund expenses.
Strategy. The Fund employs a passive management approach, attempting to invest in a portfolio of assets whose performance is expected to match approximately the performance of the Russell 2000. The Russell 2000 is composed of the common stocks of approximately the 1,001st through the 3,000th largest U.S. public companies by market capitalization. The Fund will be substantially invested in securities in the Russell 2000, and will invest, under normal circumstances, at least 90% of its assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 2000. The Fund may change its target index if Fund management believes a different index would better enable the Fund to match the … The Fund employs a passive management approach, attempting to invest in a portfolio of assets whose performance is expected to match approximately the performance of the Russell 2000. The Russell 2000 is composed of the common stocks of approximately the 1,001st through the 3,000th largest U.S. public companies by market capitalization. The Fund will be substantially invested in securities in the Russell 2000, and will invest, under normal circumstances, at least 90% of its assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 2000. The Fund may change its target index if Fund management believes a different index would better enable the Fund to match the performance of the market segment represented by the current index. The Fund may invest in a statistically selected sample of stocks included in the Russell 2000 and in derivative instruments linked to the Russell 2000, which include equity index futures and total return swaps. The Fund may not invest in all of the common stocks in the Russell 2000, or in the same weightings as in the Russell 2000. The Fund chooses investments so that the market capitalizations, industry weightings and other fundamental characteristics of the stocks and derivative instruments chosen are similar to the Russell 2000 as a whole.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BlackRock Cash Funds: Institutional, SL Agency Shares | BISXX | $42.68M | 11.91% |
| BLOOM ENERGY CORP CL A | — | $3.60M | 1.01% |
| COEUR MINING INC | — | $2.33M | 0.65% |
| FABRINET | — | $2.29M | 0.64% |
| NEXTRACKER INC CL A | — | $2.14M | 0.60% |
| ECHOSTAR CORP CL A | — | $1.93M | 0.54% |
| CREDO TECHNOLOGY GROUP HOLDING LTD | — | $1.84M | 0.51% |
| KRATOS DEFENSE and SEC SOLTN INC | — | $1.55M | 0.43% |
| ADV ENERGY INDS | — | $1.48M | 0.41% |
| STERLING INFRASTRUCTURE INC | — | $1.48M | 0.41% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares Russell 2000 ETF · IWM | 98% | 0.19% |
| Master Small Cap Index Series | 97% | — |
| Venerable Small Cap Index Fund | 89% | 0.45% |
Advisers
| Firm | Role |
|---|---|
| BlackRock Advisors, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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