SUPPLEMENT DATED MARCH
24, 2025 TO THE CURRENT
SUMMARY AND STATUTORY PROSPECTUSES FOR:
Invesco® V.I. Nasdaq 100 Buffer Fund - March
This supplement amends the Summary and Statutory Prospectuses of the above referenced Fund and is in addition to any other supplement(s), unless otherwise specified. You should read this supplement carefully in conjunction with the Summary and Statutory Prospectuses and retain it for future reference.
As described in the Prospectuses, the Fund seeks, over a specified annual outcome period (an “Outcome Period”), to provide
investors with returns that match those of the Nasdaq 100 Index® (the “Underlying Index”) up to an upside cap, while
providing a buffer against the first 10% (prior to taking into account any fees and expenses of the Fund) of Underlying Index losses. The Fund’s current Outcome Period will end on March 31, 2025, following which the Fund will reset and commence a new Outcome Period beginning April 1, 2025, as shown in the table below. At the beginning of the new Outcome Period, the Cap will reset.
As previously disclosed to shareholders, the Board of Trustees has
approved the termination, liquidation and dissolution of the Fund on or about April 30, 2025 (the "Liquidation Date"). To prepare for the closing and
liquidation of the Fund, the Fund's portfolio managers expect to increase the amount of the Fund's assets held in cash and similar instruments in order to pay
for Fund expenses and meet redemption requests. As a result, the Fund could deviate from its stated investment strategies and policies and would no longer be managed to meet its investment objective. Accordingly, there is no
guarantee that the Fund will achieve its Defined Outcomes prior to the Liquidation Date.
The Fund’s Cap will be determined at the end of the trading day immediately preceding the first day of the new Outcome Period, or March 31, 2025. As of the date of this Supplement, the Cap for the Fund for the new Outcome Period is expected to be within the range shown in the table below, before and after taking into account the Fund’s fees and expenses:
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April 1, 2025 to March 31, 2026 |
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Series I: 13.50% - 21.50% (before Fund fees and
expenses) Series II: 13.50% - 21.50% (before Fund fees and
expenses) Series I: 12.71% - 20.65% (after Fund fees and
expenses) Series II: 12.42% - 20.35% (after Fund fees and
expenses) |
The
Fund’s Cap is prior to taking into account any fees and expenses of the Fund, as described in the Fund’s prospectus. These estimated Cap ranges
are based on market conditions as of March 24, 2025. The final Cap could fall outside of this range if there is a material change in market conditions between the date of
this Supplement and the date on which the final Cap is established.