BlackRock Total Return V.I. Fund Q3 2025 Commentary
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BlackRock5.07K FollowersFollow5ShareSavePlay(8min)CommentsSummaryBlackRock Total Return V.I. Fund posted a return of 2.36% (Class I shares) for the third quarter of 2025.U.S. high yield credit contributed to performance as spreads continued to tighten amid strong corporate earnings, economic resilience, and a resumption of the Federal Reserve’s (Fed) rate cuts.U.S. rates exposure hampered performance during the quarter. FREDERICA ABAN/iStock via Getty Images Portfolio management Rick Rieder, David Rogal, Chi Chen Top 10 holdings (%) Bats: Securitized Total Ret Series 14.50 Umbs 30yr Tba (reg A) 6.36 Umbs 30yr Tba (reg A) 4.88 This article was written byBlackRock5.07K FollowersFollowBlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.Quick InsightsHow did BlackRock's fund outperform its benchmark in Q3 2025?The fund's 2.36% return exceeded the Bloomberg U.S.
Aggregate Bond Index, driven by overweight allocations to high yield credit, securitized products, and emerging market debt.What is the current duration positioning and yield curve strategy?The fund maintains a modest overweight duration (5.95 vs. 5.87 years benchmark), favoring the belly and long end of the curve, anticipating potential curve flattening.Which allocation adjustments were made in response to market conditions?The fund reduced its overweight in agency mortgage-backed securities, maintained an underweight in U.S. investment grade credit, and tactically rotated across spread sectors for high-quality income.Recommended For You